Uber Technologies (NYSE:UBER) Stock Price Up 1.4% - Still a Buy?

Key Points

• Uber Technologies' stock price increased by 1.4% to approximately $94.13, with trading volume down significantly compared to average levels.
• Analyst ratings are generally positive, with 29 analysts rating it as a Buy and a consensus target price of $102.82.
• In the latest earnings report, Uber reported $0.63 earnings per share, exceeding estimates, with revenues of $12.65 billion reflecting an 18.2% year-over-year growth.

Uber Technologies, Inc. (NYSE:UBER - Get Free Report)'s stock price rose 1.4% on Wednesday . The company traded as high as $94.77 and last traded at $94.13. Approximately 4,201,498 shares traded hands during mid-day trading, a decline of 81% from the average daily volume of 21,584,633 shares. The stock had previously closed at $92.81.

Wall Street Analyst Weigh In

UBER has been the topic of a number of analyst reports. Sanford C. Bernstein increased their price target on shares of Uber Technologies from $95.00 to $110.00 and gave the company an "outperform" rating in a research report on Monday, July 21st. Canaccord Genuity Group reiterated a "hold" rating and issued a $84.00 price target (down from $90.00) on shares of Uber Technologies in a research report on Friday, June 27th. 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 note on Wednesday, May 21st. DA Davidson increased their target price on Uber Technologies from $80.00 to $98.00 and gave the stock a "buy" rating in a research note on Thursday, May 8th. Finally, The Goldman Sachs Group increased their target price on Uber Technologies from $96.00 to $110.00 and gave the stock a "buy" rating in a research note on Thursday, May 8th. One investment analyst has rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and ten have given a Hold rating to the company's stock. According to MarketBeat.com, Uber Technologies presently has a consensus rating of "Moderate Buy" and a consensus target price of $102.82.

Uber Technologies Stock Up 0.0%

The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.41. The company has a market capitalization of $193.64 billion, a price-to-earnings ratio of 15.83, a P/E/G ratio of 1.08 and a beta of 1.43. The stock's fifty day moving average price is $92.41 and its 200-day moving average price is $83.80.

Uber Technologies (NYSE:UBER - Get Free Report) last released its earnings results on Wednesday, August 6th. The ride-sharing company reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.02. Uber Technologies had a net margin of 26.68% and a return on equity of 59.96%. The business had revenue of $12.65 billion during the quarter, compared to analysts' expectations of $12.45 billion. During the same period last year, the business earned $0.47 earnings per share. The firm's revenue was up 18.2% on a year-over-year basis. On average, sell-side analysts predict that Uber Technologies, Inc. will post 2.54 earnings per share for the current fiscal year.

Insider Activity

In related news, insider Jill Hazelbaker sold 31,250 shares of the firm's stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $96.42, for a total value of $3,013,125.00. Following the completion of the transaction, the insider directly owned 86,531 shares of the company's stock, valued at approximately $8,343,319.02. This trade represents a 26.53% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Nikki Krishnamurthy sold 11,571 shares of Uber Technologies stock in a transaction on Friday, August 15th. The stock was sold at an average price of $91.74, for a total transaction of $1,061,523.54. Following the transaction, the senior vice president directly owned 416,222 shares of the company's stock, valued at approximately $38,184,206.28. This trade represents a 2.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 48,696 shares of company stock valued at $4,632,774 over the last three months. Corporate insiders own 3.70% of the company's stock.

Hedge Funds Weigh In On Uber Technologies

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Brighton Jones LLC lifted its holdings in shares of Uber Technologies by 3.4% during the fourth quarter. Brighton Jones LLC now owns 74,460 shares of the ride-sharing company's stock worth $4,491,000 after buying an additional 2,474 shares in the last quarter. Revolve Wealth Partners LLC lifted its holdings in shares of Uber Technologies by 65.0% during the fourth quarter. Revolve Wealth Partners LLC now owns 15,563 shares of the ride-sharing company's stock worth $939,000 after buying an additional 6,129 shares in the last quarter. Bank Pictet & Cie Europe AG acquired a new position in Uber Technologies in the fourth quarter valued at about $395,000. Bison Wealth LLC raised its stake in Uber Technologies by 20.3% in the fourth quarter. Bison Wealth LLC now owns 3,792 shares of the ride-sharing company's stock valued at $229,000 after purchasing an additional 641 shares in the last quarter. Finally, Baird Financial Group Inc. raised its stake in Uber Technologies by 52.2% in the fourth quarter. Baird Financial Group Inc. now owns 207,634 shares of the ride-sharing company's stock valued at $12,524,000 after purchasing an additional 71,206 shares in the last quarter. 80.24% of the stock is owned by institutional investors.

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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