Uber Technologies (NYSE:UBER) Reaches New 12-Month High - Still a Buy?

Uber Technologies, Inc. (NYSE:UBER - Get Free Report) hit a new 52-week high during mid-day trading on Friday . The company traded as high as $94.38 and last traded at $93.09, with a volume of 23563190 shares changing hands. The stock had previously closed at $90.90.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the stock. Bank of America increased their target price on shares of Uber Technologies from $96.00 to $97.00 and gave the stock a "buy" rating in a report on Thursday, May 8th. Barclays raised their price objective on Uber Technologies from $86.00 to $97.00 and gave the stock an "overweight" rating in a research note on Thursday, May 8th. KeyCorp boosted their target price on Uber Technologies from $80.00 to $90.00 and gave the company an "overweight" rating in a research note on Thursday, May 8th. The Goldman Sachs Group raised their price target on Uber Technologies from $96.00 to $110.00 and gave the stock a "buy" rating in a research report on Thursday, May 8th. Finally, Wedbush lowered Uber Technologies from an "outperform" rating to a "neutral" rating and boosted their price objective for the company from $80.00 to $85.00 in a research report on Thursday, May 8th. Eleven investment analysts have rated the stock with a hold rating and twenty-seven have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $95.18.

Uber Technologies Trading Up 2.4%

The business has a 50-day simple moving average of $84.83 and a two-hundred day simple moving average of $75.02. The stock has a market cap of $194.67 billion, a price-to-earnings ratio of 16.30, a P/E/G ratio of 1.15 and a beta of 1.38. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.02 and a quick ratio of 1.02.

Uber Technologies (NYSE:UBER - Get Free Report) last issued its earnings results on Wednesday, May 7th. The ride-sharing company reported $0.83 EPS for the quarter, topping the consensus estimate of $0.50 by $0.33. Uber Technologies had a return on equity of 66.46% and a net margin of 27.07%. The company had revenue of $11.53 billion during the quarter, compared to the consensus estimate of $11.61 billion. During the same period in the previous year, the company posted ($0.32) EPS. The firm's revenue for the quarter was up 13.8% compared to the same quarter last year. Equities analysts forecast that Uber Technologies, Inc. will post 2.54 EPS for the current fiscal year.

Insider Activity

In other Uber Technologies news, insider Jill Hazelbaker sold 34,884 shares of the business's stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $86.03, for a total value of $3,001,070.52. Following the completion of the sale, the insider now owns 102,135 shares of the company's stock, valued at $8,786,674.05. The trade was a 25.46% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $85.00, for a total value of $233,750.00. Following the sale, the chief financial officer now directly owns 21,063 shares in the company, valued at $1,790,355. This represents a 11.55% decrease in their position. The disclosure for this sale can be found here. Insiders own 3.84% of the company's stock.

Institutional Investors Weigh In On Uber Technologies

A number of large investors have recently bought and sold shares of the company. Nova Wealth Management Inc. boosted its position in shares of Uber Technologies by 41.0% during the 1st quarter. Nova Wealth Management Inc. now owns 430 shares of the ride-sharing company's stock worth $31,000 after acquiring an additional 125 shares in the last quarter. Navalign LLC boosted its holdings in shares of Uber Technologies by 0.5% in the 4th quarter. Navalign LLC now owns 25,468 shares of the ride-sharing company's stock valued at $1,536,000 after purchasing an additional 126 shares in the last quarter. Grove Bank & Trust increased its stake in shares of Uber Technologies by 0.9% in the 1st quarter. Grove Bank & Trust now owns 14,139 shares of the ride-sharing company's stock valued at $1,030,000 after purchasing an additional 133 shares during the last quarter. Forum Financial Management LP raised its holdings in shares of Uber Technologies by 1.3% during the 1st quarter. Forum Financial Management LP now owns 10,956 shares of the ride-sharing company's stock worth $798,000 after buying an additional 136 shares in the last quarter. Finally, CBIZ Investment Advisory Services LLC raised its holdings in shares of Uber Technologies by 42.1% during the 1st quarter. CBIZ Investment Advisory Services LLC now owns 466 shares of the ride-sharing company's stock worth $34,000 after buying an additional 138 shares in the last quarter. 80.24% of the stock is currently owned by institutional investors and hedge funds.

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.

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