Uber Technologies (NYSE:UBER) Stock Price Up 1.9% - Time to Buy?

Uber Technologies, Inc. (NYSE:UBER - Get Free Report)'s share price traded up 1.9% during mid-day trading on Monday . The stock traded as high as $87.80 and last traded at $87.21. 5,422,827 shares changed hands during mid-day trading, a decline of 74% from the average session volume of 20,684,190 shares. The stock had previously closed at $85.60.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on UBER shares. Needham & Company LLC reissued a "buy" rating and set a $90.00 target price on shares of Uber Technologies in a report on Wednesday, May 7th. Raymond James lifted their target price on Uber Technologies from $95.00 to $100.00 and gave the stock a "strong-buy" rating in a report on Thursday, May 8th. KGI Securities restated a "neutral" rating and set a $78.00 price objective on shares of Uber Technologies in a research report on Tuesday, March 11th. TD Cowen cut their target price on shares of Uber Technologies from $90.00 to $88.00 and set a "buy" rating for the company in a research note on Tuesday, April 8th. Finally, Arete Research raised shares of Uber Technologies to a "hold" rating in a research note on Tuesday, February 18th. Twelve analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Uber Technologies has an average rating of "Moderate Buy" and an average price target of $93.91.

Uber Technologies Stock Performance

The company has a debt-to-equity ratio of 0.37, a current ratio of 1.07 and a quick ratio of 1.41. The stock has a 50-day moving average price of $80.38 and a 200-day moving average price of $73.51. The company has a market capitalization of $183.07 billion, a price-to-earnings ratio of 19.21, a PEG ratio of 0.89 and a beta of 1.38.

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

Insider Buying and Selling

In related news, insider Tony West sold 23,404 shares of the company's stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of $70.27, for a total transaction of $1,644,599.08. Following the completion of the sale, the insider now owns 114,241 shares of the company's stock, valued at $8,027,715.07. This represents a 17.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Nikki Krishnamurthy sold 20,000 shares of Uber Technologies stock in a transaction on Friday, March 14th. The stock was sold at an average price of $71.57, for a total transaction of $1,431,400.00. Following the transaction, the senior vice president now directly owns 361,908 shares of the company's stock, valued at $25,901,755.56. This represents a 5.24% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 83,788 shares of company stock valued at $6,517,070. Company insiders own 3.84% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in UBER. Brighton Jones LLC boosted its holdings in shares of Uber Technologies by 3.4% in the 4th quarter. Brighton Jones LLC now owns 74,460 shares of the ride-sharing company's stock worth $4,491,000 after purchasing an additional 2,474 shares in the last quarter. Revolve Wealth Partners LLC boosted its stake in Uber Technologies by 65.0% in 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. Strategic Financial Concepts LLC bought a new position in Uber Technologies during the fourth quarter valued at approximately $4,136,000. Golden State Wealth Management LLC purchased a new position in shares of Uber Technologies during the fourth quarter worth approximately $85,000. Finally, SOA Wealth Advisors LLC. lifted its holdings in shares of Uber Technologies by 25.3% in the 4th quarter. SOA Wealth Advisors LLC. now owns 2,003 shares of the ride-sharing company's stock worth $121,000 after acquiring an additional 405 shares during the last quarter. 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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