Uber Technologies (NYSE:UBER) Trading Up 1.3% - Still a Buy?

Uber Technologies, Inc. (NYSE:UBER - Get Free Report)'s share price was up 1.3% during mid-day trading on Thursday . The company traded as high as $94.11 and last traded at $93.22. Approximately 3,887,032 shares traded hands during trading, a decline of 82% from the average daily volume of 21,021,389 shares. The stock had previously closed at $92.05.

Analysts Set New Price Targets

UBER has been the subject of a number of research reports. The Goldman Sachs Group increased their price target on shares of Uber Technologies from $96.00 to $110.00 and gave the company a "buy" rating in a report on Thursday, May 8th. Loop Capital reissued a "buy" rating and set a $105.00 target price (up from $89.00) on shares of Uber Technologies in a research report on Wednesday, May 21st. TD Cowen lowered their price target on Uber Technologies from $90.00 to $88.00 and set a "buy" rating on the stock in a research note on Tuesday, April 8th. Needham & Company LLC reiterated a "buy" rating and issued a $90.00 price objective on shares of Uber Technologies in a research report on Wednesday, May 7th. Finally, JPMorgan Chase & Co. lifted their price objective on Uber Technologies from $92.00 to $105.00 and gave the stock an "overweight" rating in a report on Tuesday, May 20th. Twelve analysts have rated the stock with a hold rating and twenty-seven have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $94.85.

Uber Technologies Trading Up 1.5%

The company has a market capitalization of $195.43 billion, a price-to-earnings ratio of 16.37, a P/E/G ratio of 1.19 and a beta of 1.40. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.02 and a current ratio of 1.02. The business's 50-day simple moving average is $86.59 and its 200-day simple moving average is $76.09.

Uber Technologies (NYSE:UBER - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The ride-sharing company reported $0.83 earnings per share for the quarter, beating analysts' consensus estimates 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 for the quarter, compared to the consensus estimate of $11.61 billion. During the same quarter in the prior year, the business posted ($0.32) EPS. The firm's quarterly revenue was up 13.8% on a year-over-year basis. On average, research analysts expect that Uber Technologies, Inc. will post 2.54 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Uber Technologies news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the business's stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $85.00, for a total value of $233,750.00. Following the completion of the transaction, the chief financial officer directly owned 21,063 shares of the company's stock, valued at approximately $1,790,355. The trade was a 11.55% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Jill Hazelbaker sold 34,884 shares of the stock in a transaction dated Monday, May 12th. The stock was 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 owned 102,135 shares of the company's stock, valued at $8,786,674.05. This trade represents a 25.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 3.84% of the company's stock.

Hedge Funds Weigh In On Uber Technologies

Several institutional investors and hedge funds have recently modified their holdings of the business. Fiduciary Financial Group LLC lifted its holdings in shares of Uber Technologies by 23.3% in the second quarter. Fiduciary Financial Group LLC now owns 4,340 shares of the ride-sharing company's stock valued at $400,000 after purchasing an additional 820 shares in the last quarter. HBW Advisory Services LLC lifted its stake in Uber Technologies by 518.7% in the 2nd quarter. HBW Advisory Services LLC now owns 28,354 shares of the ride-sharing company's stock valued at $2,645,000 after acquiring an additional 23,771 shares in the last quarter. Howard Financial Services LTD. lifted its stake in Uber Technologies by 3.4% in the 2nd quarter. Howard Financial Services LTD. now owns 6,042 shares of the ride-sharing company's stock valued at $564,000 after acquiring an additional 200 shares in the last quarter. Doliver Advisors LP boosted its position in Uber Technologies by 92.5% during the 2nd quarter. Doliver Advisors LP now owns 23,587 shares of the ride-sharing company's stock worth $2,201,000 after acquiring an additional 11,335 shares during the last quarter. Finally, Cacti Asset Management LLC grew its stake in shares of Uber Technologies by 8.0% during the 2nd quarter. Cacti Asset Management LLC now owns 199,851 shares of the ride-sharing company's stock worth $18,292,000 after acquiring an additional 14,880 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.