Uber Technologies (NYSE:UBER) Trading 0.2% Higher

Uber Technologies, Inc. (NYSE:UBER - Get Free Report) shares were up 0.2% during mid-day trading on Friday . The company traded as high as $66.64 and last traded at $66.21. Approximately 4,213,188 shares changed hands during mid-day trading, a decline of 79% from the average daily volume of 20,357,539 shares. The stock had previously closed at $66.05.

Analyst Ratings Changes

A number of analysts have commented on the stock. Truist Financial upped their target price on shares of Uber Technologies from $90.00 to $94.00 and gave the company a "buy" rating in a report on Wednesday, March 27th. TD Cowen lowered their target price on Uber Technologies from $90.00 to $88.00 and set a "buy" rating on the stock in a research report on Thursday, May 9th. JMP Securities restated a "market outperform" rating and issued a $80.00 price target on shares of Uber Technologies in a research report on Thursday. Mizuho lifted their price objective on Uber Technologies from $77.00 to $83.00 and gave the company a "buy" rating in a research report on Thursday, February 8th. Finally, BTIG Research boosted their price objective on Uber Technologies from $80.00 to $90.00 and gave the company a "buy" rating in a research note on Thursday, February 22nd. Two investment analysts have rated the stock with a hold rating and thirty have issued a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $84.38.

Uber Technologies Stock Performance

The company has a debt-to-equity ratio of 0.80, a current ratio of 1.21 and a quick ratio of 1.21. The business has a 50-day moving average of $73.20 and a 200-day moving average of $66.68. The company has a market capitalization of $137.24 billion, a P/E ratio of 105.77, a P/E/G ratio of 1.41 and a beta of 1.39.

Uber Technologies (NYSE:UBER - Get Free Report) last announced its earnings results on Wednesday, May 8th. The ride-sharing company reported ($0.32) earnings per share for the quarter, missing the consensus estimate of $0.21 by ($0.53). The firm had revenue of $10.13 billion during the quarter, compared to analysts' expectations of $10.09 billion. Uber Technologies had a net margin of 3.60% and a return on equity of 12.81%. The company's revenue was up 14.8% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.08) EPS. On average, sell-side analysts anticipate that Uber Technologies, Inc. will post 0.88 EPS for the current year.

Insider Activity

In other Uber Technologies news, insider Tony West sold 18,750 shares of the stock in a transaction on Monday, May 13th. The stock was sold at an average price of $65.63, for a total value of $1,230,562.50. Following the sale, the insider now owns 206,338 shares in the company, valued at $13,541,962.94. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 3.84% of the company's stock.

Hedge Funds Weigh In On Uber Technologies

A number of institutional investors have recently modified their holdings of UBER. OFI Invest Asset Management purchased a new stake in Uber Technologies in the third quarter worth about $26,000. Ritter Daniher Financial Advisory LLC DE lifted its position in shares of Uber Technologies by 2,545.5% in the 3rd quarter. Ritter Daniher Financial Advisory LLC DE now owns 582 shares of the ride-sharing company's stock worth $27,000 after purchasing an additional 560 shares during the period. Financial Management Professionals Inc. boosted its stake in shares of Uber Technologies by 111.6% during the first quarter. Financial Management Professionals Inc. now owns 383 shares of the ride-sharing company's stock valued at $29,000 after purchasing an additional 202 shares in the last quarter. JFS Wealth Advisors LLC increased its holdings in Uber Technologies by 319.4% during the third quarter. JFS Wealth Advisors LLC now owns 650 shares of the ride-sharing company's stock valued at $30,000 after buying an additional 495 shares during the period. Finally, CVA Family Office LLC bought a new position in Uber Technologies in the fourth quarter worth approximately $30,000. 80.24% of the stock is owned by hedge funds and other institutional investors.

About Uber Technologies

Uber Technologies, Inc develops and operates proprietary technology applications in the United States, Canada, Latin America, Europe, the Middle East, Africa, and Asia excluding China and Southeast Asia. It operates through three segments: Mobility, Delivery, and Freight. The Mobility segment connects consumers with a range of transportation modalities, such as ridesharing, carsharing, micromobility, rentals, public transit, taxis, and other modalities; and offers riders in a variety of vehicle types, as well as financial partnerships products and advertising services.