Uber Technologies (NYSE:UBER) Shares Up 2.1% - What's Next?

Shares of Uber Technologies, Inc. (NYSE:UBER - Get Free Report) traded up 2.1% during mid-day trading on Monday . The company traded as high as $86.02 and last traded at $85.71. 3,675,415 shares changed hands during mid-day trading, a decline of 82% from the average session volume of 20,731,281 shares. The stock had previously closed at $83.93.

Analyst Ratings Changes

UBER has been the topic of a number of research reports. JMP Securities reissued a "market perform" rating on shares of Uber Technologies in a report on Thursday, May 15th. The Goldman Sachs Group increased their price objective on shares of Uber Technologies from $96.00 to $110.00 and gave the stock a "buy" rating in a research note on Thursday, May 8th. Raymond James boosted their target price on shares of Uber Technologies from $95.00 to $100.00 and gave the company a "strong-buy" rating in a research report on Thursday, May 8th. Wall Street Zen raised shares of Uber Technologies from a "hold" rating to a "buy" rating in a report on Sunday. Finally, Royal Bank of Canada reiterated an "outperform" rating and set a $82.00 price objective on shares of Uber Technologies in a research note on Monday, May 5th. Eleven equities research analysts have rated the stock with a hold rating, twenty-seven have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $94.39.

Uber Technologies Stock Performance

The stock's 50-day moving average price is $82.19 and its 200-day moving average price is $74.00. The company has a market capitalization of $178.14 billion, a price-to-earnings ratio of 18.70, a P/E/G ratio of 0.89 and a beta of 1.38. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.41 and a current ratio of 1.07.

Uber Technologies (NYSE:UBER - Get Free Report) last posted its earnings results on Wednesday, May 7th. The ride-sharing company reported $0.83 earnings per share for the quarter, beating the consensus estimate of $0.50 by $0.33. The firm had revenue of $11.53 billion during the quarter, compared to the consensus estimate of $11.61 billion. Uber Technologies had a net margin of 22.41% and a return on equity of 62.60%. The firm's revenue for the quarter was up 13.8% on a year-over-year basis. During the same period last year, the firm posted ($0.32) EPS. As a group, equities research analysts expect that Uber Technologies, Inc. will post 2.54 earnings per share for the current year.

Insider Buying and Selling at Uber Technologies

In related news, insider Jill Hazelbaker sold 34,884 shares of Uber Technologies stock in a transaction on 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 transaction, the insider now owns 102,135 shares in the company, valued at approximately $8,786,674.05. This trade represents a 25.46% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the business's stock in a transaction dated Thursday, March 20th. The shares were sold at an average price of $75.00, for a total value of $206,250.00. Following the sale, the chief financial officer now directly owns 22,162 shares of the company's stock, valued at approximately $1,662,150. This trade represents a 11.04% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 40,384 shares of company stock worth $3,441,071. 3.84% of the stock is owned by insiders.

Institutional Trading of Uber Technologies

A number of institutional investors have recently modified their holdings of UBER. Transce3nd LLC purchased a new stake in Uber Technologies during the 4th quarter worth $27,000. Fourth Dimension Wealth LLC purchased a new stake in shares of Uber Technologies in the fourth quarter worth about $27,000. Kozak & Associates Inc. boosted its position in shares of 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 buying an additional 223 shares during the period. Noble Wealth Management PBC acquired a new stake in shares of Uber Technologies in the first quarter valued at about $27,000. Finally, Vision Financial Markets LLC purchased a new stake in shares of Uber Technologies during the 1st quarter valued at about $27,000. Hedge funds and other institutional investors 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.

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