Uber Technologies (NYSE:UBER) Trading 1.5% Higher

Uber Technologies, Inc. (NYSE:UBER - Get Free Report) shares traded up 1.5% during trading on Friday . The stock traded as high as $64.64 and last traded at $64.58. 2,707,472 shares changed hands during mid-day trading, a decline of 87% from the average session volume of 20,238,076 shares. The stock had previously closed at $63.60.

Wall Street Analysts Forecast Growth

Several analysts have commented on the company. Jefferies Financial Group dropped their price objective on Uber Technologies from $103.00 to $100.00 and set a "buy" rating on the stock in a report on Thursday, May 9th. Barclays raised their target price on Uber Technologies from $63.00 to $86.00 and gave the company an "overweight" rating in a research report on Thursday, February 8th. Piper Sandler raised their target price on Uber Technologies from $78.00 to $92.00 and gave the company an "overweight" rating in a research report on Friday, March 15th. Wedbush restated an "outperform" rating and issued a $85.00 target price on shares of Uber Technologies in a research report on Wednesday, May 8th. Finally, Tigress Financial raised their target price on Uber Technologies from $72.00 to $96.00 and gave the company a "buy" rating in a research report on Friday, April 19th. Two investment analysts have rated the stock with a hold rating and thirty have given a buy rating to the company. Based on data from MarketBeat.com, Uber Technologies has an average rating of "Moderate Buy" and an average target price of $84.38.

Uber Technologies Price Performance

The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.80. The company has a market capitalization of $134.27 billion, a PE ratio of 104.10, a P/E/G ratio of 1.38 and a beta of 1.39. The stock has a fifty day simple moving average of $71.86 and a 200-day simple moving average of $67.37.

Uber Technologies (NYSE:UBER - Get Free Report) last posted 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 firm's revenue for the quarter was up 14.8% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.08) earnings per share. Equities analysts anticipate that Uber Technologies, Inc. will post 0.88 earnings per share for the current year.

Insiders Place Their Bets

In other Uber Technologies news, CEO Dara Khosrowshahi sold 500,000 shares of the business's stock in a transaction that occurred on Friday, May 17th. The stock was sold at an average price of $65.93, for a total transaction of $32,965,000.00. Following the transaction, the chief executive officer now owns 1,656,996 shares in the company, valued at approximately $109,245,746.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CEO Dara Khosrowshahi sold 500,000 shares of the company's stock in a transaction that occurred 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 sale, the chief executive officer now owns 1,656,996 shares in the company, valued at approximately $109,245,746.28. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Tony West sold 18,750 shares of the company's stock in a transaction that occurred 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 completion of the sale, the insider now owns 206,338 shares in the company, valued at approximately $13,541,962.94. The disclosure for this sale can be found here. 3.84% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Uber Technologies

Institutional investors and hedge funds have recently modified their holdings of the company. Invst LLC acquired a new stake in Uber Technologies during the 1st quarter valued at $205,000. PGGM Investments acquired a new stake in Uber Technologies during the 1st quarter valued at $686,000. Raelipskie Partnership purchased a new position in shares of Uber Technologies during the 1st quarter worth $647,000. Atria Investments Inc lifted its stake in shares of Uber Technologies by 6.0% during the 1st quarter. Atria Investments Inc now owns 104,105 shares of the ride-sharing company's stock worth $8,015,000 after purchasing an additional 5,859 shares during the period. Finally, Swedbank AB purchased a new position in shares of Uber Technologies during the 1st quarter worth $63,723,000. Institutional investors and hedge funds own 80.24% of the company's stock.

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.