Uber Technologies (NYSE:UBER) Stock Price Up 1.7% - Here's Why

Key Points

• Uber Technologies stock rose 1.7% during mid-day trading, reaching a high of $91.23 before closing at $91.09.
• Analysts have mixed ratings on Uber's stock, with eleven analyststwenty-nine$102.82.
• The company reported a $0.63 EPS for the last quarter, exceeding the consensus estimate and showing an 18.2% year-over-year revenue increase.

Shares of Uber Technologies, Inc. (NYSE:UBER - Get Free Report) rose 1.7% during mid-day trading on Monday . The stock traded as high as $91.23 and last traded at $91.09. Approximately 5,034,680 shares traded hands during trading, a decline of 77% from the average daily volume of 22,276,584 shares. The stock had previously closed at $89.56.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. JMP Securities reissued a "market perform" rating on shares of Uber Technologies in a research note on Thursday, May 15th. Cowen reaffirmed a "buy" rating on shares of Uber Technologies in a research report on Thursday. Cantor Fitzgerald reiterated an "overweight" rating and set a $106.00 target price (up from $96.00) on shares of Uber Technologies in a research note on Wednesday, June 25th. Canaccord Genuity Group restated a "hold" rating and issued a $84.00 price target (down from $90.00) on shares of Uber Technologies in a research note on Friday, June 27th. Finally, JPMorgan Chase & Co. raised their price target on Uber Technologies from $105.00 to $110.00 and gave the company an "overweight" rating in a report on Friday, July 11th. Eleven analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $102.82.

Uber Technologies Stock Up 1.2%

The stock has a market capitalization of $189.52 billion, a PE ratio of 15.44, a P/E/G ratio of 1.03 and a beta of 1.43. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.41. The stock's fifty day simple moving average is $89.44 and its 200-day simple moving average is $81.25.

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

Insider Transactions at Uber Technologies

In other news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the stock in a transaction on Monday, July 7th. The stock was sold at an average price of $95.00, for a total value of $261,250.00. Following the sale, the chief financial officer directly owned 21,975 shares of the company's stock, valued at approximately $2,087,625. This represents a 11.12% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 3.84% of the company's stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Clark Capital Management Group Inc. grew its holdings in Uber Technologies by 11,354.8% during the 4th quarter. Clark Capital Management Group Inc. now owns 402,522 shares of the ride-sharing company's stock valued at $24,280,000 after buying an additional 399,008 shares in the last quarter. UMB Bank n.a. boosted its holdings in Uber Technologies by 33.6% during the 1st quarter. UMB Bank n.a. now owns 12,210 shares of the ride-sharing company's stock valued at $890,000 after acquiring an additional 3,073 shares during the period. Revolve Wealth Partners LLC boosted its holdings in Uber Technologies by 65.0% during the 4th quarter. Revolve Wealth Partners LLC now owns 15,563 shares of the ride-sharing company's stock valued at $939,000 after acquiring an additional 6,129 shares during the period. Mufg Securities Americas Inc. bought a new stake in Uber Technologies during the 4th quarter valued at $1,875,000. Finally, Dynamic Advisor Solutions LLC bought a new stake in Uber Technologies during the 1st quarter valued at $943,000. Institutional investors own 80.24% of the company's stock.

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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