Uber Technologies (NYSE:UBER) Shares Up 1% - What's Next?

Uber Technologies, Inc. (NYSE:UBER - Get Free Report)'s share price was up 1% during mid-day trading on Thursday . The stock traded as high as $81.88 and last traded at $81.80. Approximately 5,376,232 shares changed hands during mid-day trading, a decline of 73% from the average daily volume of 20,196,628 shares. The stock had previously closed at $81.01.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on UBER shares. KeyCorp reduced their target price on shares of Uber Technologies from $85.00 to $80.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 15th. KGI Securities restated a "neutral" rating and set a $78.00 target price on shares of Uber Technologies in a report on Tuesday, March 11th. Needham & Company LLC restated a "buy" rating and issued a $90.00 price target on shares of Uber Technologies in a report on Wednesday, April 9th. DA Davidson lowered their price objective on Uber Technologies from $84.00 to $80.00 and set a "buy" rating for the company in a research report on Thursday, February 6th. Finally, Cantor Fitzgerald reissued an "overweight" rating and set a $80.00 target price on shares of Uber Technologies in a research report on Wednesday, April 16th. Ten equities research analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $89.81.

Uber Technologies Stock Up 1.7 %

The stock has a market capitalization of $179.24 billion, a price-to-earnings ratio of 18.83, a price-to-earnings-growth ratio of 0.89 and a beta of 1.43. The company has a quick ratio of 1.41, a current ratio of 1.07 and a debt-to-equity ratio of 0.37. The business's 50-day moving average is $73.83 and its two-hundred day moving average is $71.32.

Uber Technologies (NYSE:UBER - Get Free Report) last announced its quarterly earnings data on Wednesday, February 5th. The ride-sharing company reported $3.21 EPS for the quarter, topping analysts' consensus estimates of $0.50 by $2.71. Uber Technologies had a return on equity of 62.60% and a net margin of 22.41%. Equities analysts anticipate that Uber Technologies, Inc. will post 2.54 EPS for the current year.

Insider Activity

In other news, insider Jill Hazelbaker sold 31,000 shares of the firm's stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $81.02, for a total transaction of $2,511,620.00. Following the completion of the transaction, the insider now directly owns 86,973 shares in the company, valued at $7,046,552.46. This trade represents a 26.28 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Tony West sold 23,404 shares of the stock in a transaction dated Thursday, March 13th. The stock was sold at an average price of $70.27, for a total value of $1,644,599.08. Following the transaction, the insider now directly owns 114,241 shares in the company, valued at approximately $8,027,715.07. The trade was a 17.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 77,154 shares of company stock valued at $5,793,869. 3.84% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Avion Wealth boosted its holdings in Uber Technologies by 96.0% in the fourth quarter. Avion Wealth now owns 445 shares of the ride-sharing company's stock valued at $26,000 after purchasing an additional 218 shares during the period. Transce3nd LLC acquired a new stake in Uber Technologies in the fourth quarter valued at approximately $27,000. Fourth Dimension Wealth LLC acquired a new stake in Uber Technologies in the fourth quarter valued at approximately $27,000. Kozak & Associates Inc. lifted its stake in Uber Technologies by 155.9% in the first quarter. Kozak & Associates Inc. now owns 366 shares of the ride-sharing company's stock worth $27,000 after acquiring an additional 223 shares during the last quarter. Finally, Noble Wealth Management PBC acquired a new position in Uber Technologies during the 1st quarter worth approximately $27,000. Institutional investors and hedge funds own 80.24% of the company's stock.

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.