Uber Technologies (NYSE:UBER) Shares Up 1.7%

Shares of Uber Technologies, Inc. (NYSE:UBER - Get Free Report) shot up 1.7% during mid-day trading on Wednesday . The stock traded as high as $66.09 and last traded at $65.07. 5,924,853 shares were traded during mid-day trading, a decline of 71% from the average session volume of 20,242,129 shares. The stock had previously closed at $63.97.

Analysts Set New Price Targets

Several research firms recently issued reports on UBER. TheStreet upgraded Uber Technologies from a "c" rating to a "b-" rating in a report on Wednesday, February 7th. Royal Bank of Canada cut their price objective on Uber Technologies from $85.00 to $80.00 and set an "outperform" rating on the stock in a report on Thursday, May 9th. Mizuho boosted their price objective on Uber Technologies from $77.00 to $83.00 and gave the company a "buy" rating in a report on Thursday, February 8th. Truist Financial boosted their target price on Uber Technologies from $90.00 to $94.00 and gave the stock a "buy" rating in a research note on Wednesday, March 27th. Finally, DA Davidson reissued a "buy" rating and set a $81.00 target price on shares of Uber Technologies in a research note on Wednesday, May 8th. Two equities research analysts have rated the stock with a hold rating and thirty have given a buy rating to the stock. According to data from MarketBeat, Uber Technologies presently has a consensus rating of "Moderate Buy" and a consensus price target of $84.38.

Uber Technologies Trading Up 2.4 %

The firm has a market cap of $136.82 billion, a price-to-earnings ratio of 104.95, a PEG ratio of 1.36 and a beta of 1.39. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.21 and a current ratio of 1.21. The business has a fifty day moving average of $72.40 and a two-hundred day moving average of $67.41.

Uber Technologies (NYSE:UBER - Get Free Report) last released its quarterly earnings results on Wednesday, May 8th. The ride-sharing company reported ($0.32) earnings per share for the quarter, missing analysts' consensus estimates of $0.21 by ($0.53). The firm had revenue of $10.13 billion during the quarter, compared to analyst estimates of $10.09 billion. Uber Technologies had a return on equity of 12.81% and a net margin of 3.60%. The business's revenue was up 14.8% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.08) EPS. As a group, equities analysts expect that Uber Technologies, Inc. will post 0.88 earnings per share for the current fiscal year.

Insider Buying and Selling at Uber Technologies

In other news, insider Tony West sold 18,750 shares of the firm's stock in a transaction on Monday, May 13th. The stock was sold at an average price of $65.63, for a total transaction 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 Securities & Exchange Commission, which is available through the SEC website. In related 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 transaction, the insider now directly owns 206,338 shares of the company's stock, valued at approximately $13,541,962.94. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Dara Khosrowshahi sold 500,000 shares of the stock in a transaction on Friday, May 17th. The stock was sold at an average price of $65.93, for a total value of $32,965,000.00. Following the completion of the transaction, the chief executive officer now directly owns 1,656,996 shares in the company, valued at $109,245,746.28. The disclosure for this sale can be found here. 3.80% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Covenant Asset Management LLC increased its position in shares of Uber Technologies by 0.3% during the first quarter. Covenant Asset Management LLC now owns 52,971 shares of the ride-sharing company's stock worth $4,078,000 after acquiring an additional 157 shares during the last quarter. Hilltop Holdings Inc. increased its position in shares of Uber Technologies by 2.9% during the fourth quarter. Hilltop Holdings Inc. now owns 5,634 shares of the ride-sharing company's stock worth $347,000 after acquiring an additional 157 shares during the last quarter. Sivia Capital Partners LLC grew its stake in Uber Technologies by 3.3% in the first quarter. Sivia Capital Partners LLC now owns 4,882 shares of the ride-sharing company's stock worth $376,000 after purchasing an additional 157 shares in the last quarter. Wellington Shields Capital Management LLC grew its stake in Uber Technologies by 6.1% in the first quarter. Wellington Shields Capital Management LLC now owns 2,756 shares of the ride-sharing company's stock worth $212,000 after purchasing an additional 159 shares in the last quarter. Finally, Industrial Alliance Investment Management Inc. grew its stake in Uber Technologies by 3.2% in the first quarter. Industrial Alliance Investment Management Inc. now owns 5,170 shares of the ride-sharing company's stock worth $398,000 after purchasing an additional 160 shares in the last quarter. 80.24% of the stock is owned by hedge funds and other institutional investors.

Uber Technologies Company Profile

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.