Uber Technologies (NYSE:UBER) Stock Price Up 1.5% - Should You Buy?

Key Points

• Uber Technologies' stock price increased by 1.5% and closed at $93.73, following a 47% decrease in trading volume compared to its average daily volume.
• Recent research reports show multiple analyst upgrades, with price targets raised by firms such as Susquehanna and UBS Group, indicating a consensus target price of $105.68.
• Uber reported $12.65 billion in revenue for the last quarter, an increase of 18.2% compared to the previous year, along with an EPS of $0.63, beating estimates.

Uber Technologies, Inc. (NYSE:UBER - Get Free Report) shares rose 1.5% on Monday . The stock traded as high as $94.50 and last traded at $93.73. Approximately 11,163,285 shares changed hands during trading, a decline of 47% from the average daily volume of 20,896,197 shares. The stock had previously closed at $92.30.

Analyst Upgrades and Downgrades

UBER has been the subject of several research reports. Susquehanna raised their price target on shares of Uber Technologies from $100.00 to $105.00 and gave the stock a "positive" rating in a research note on Thursday, August 7th. UBS Group raised their price target on shares of Uber Technologies from $115.00 to $117.00 and gave the stock a "buy" rating in a research note on Thursday, August 7th. Barclays reissued an "overweight" rating and issued a $110.00 target price (up from $97.00) on shares of Uber Technologies in a research note on Thursday, August 7th. Wells Fargo & Company decreased their target price on shares of Uber Technologies from $127.00 to $125.00 and set an "overweight" rating for the company in a research note on Friday, October 3rd. Finally, Cantor Fitzgerald reissued an "overweight" rating and issued a $106.00 target price (up from $96.00) on shares of Uber Technologies in a research note on Wednesday, June 25th. Three research analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and eight have given a Hold rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $105.68.

Uber Technologies Stock Up 1.5%

The firm has a fifty day simple moving average of $95.28 and a 200-day simple moving average of $88.93. The firm has a market cap of $195.46 billion, a price-to-earnings ratio of 15.97 and a beta of 1.48. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.11 and a current ratio of 1.11.

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

Insider Transactions at Uber Technologies

In other Uber Technologies news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of Uber Technologies stock in a transaction dated Tuesday, September 16th. The stock was sold at an average price of $99.42, for a total value of $273,405.00. Following the transaction, the chief financial officer owned 22,528 shares in the company, valued at $2,239,733.76. The trade was a 10.88% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Dara Khosrowshahi sold 300,000 shares of Uber Technologies stock in a transaction dated Friday, September 12th. The shares were sold at an average price of $95.37, for a total value of $28,611,000.00. Following the completion of the transaction, the chief executive officer owned 1,132,544 shares in the company, valued at approximately $108,010,721.28. This represents a 20.94% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 601,821 shares of company stock valued at $58,659,491. Company insiders own 3.70% of the company's stock.

Hedge Funds Weigh In On Uber Technologies

Institutional investors have recently added to or reduced their stakes in the business. Kilter Group LLC acquired a new position in shares of Uber Technologies during the second quarter worth approximately $26,000. Vision Financial Markets LLC acquired a new position in shares of Uber Technologies during the first quarter worth approximately $27,000. Westend Capital Management LLC acquired a new position in shares of Uber Technologies during the third quarter worth approximately $27,000. West Oak Capital LLC acquired a new position in shares of Uber Technologies during the second quarter worth approximately $28,000. Finally, Truvestments Capital LLC raised its position in Uber Technologies by 498.5% in the 1st quarter. Truvestments Capital LLC now owns 407 shares of the ride-sharing company's stock valued at $30,000 after buying an additional 339 shares during the last quarter. 80.24% of the stock is owned by institutional investors and hedge funds.

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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