Shares of Uber Technologies, Inc. (NYSE:UBER - Get Free Report) rose 2% on Friday . The stock traded as high as $93.90 and last traded at $93.19. Approximately 6,205,131 shares were traded during mid-day trading, a decline of 72% from the average daily volume of 22,100,494 shares. The stock had previously closed at $91.40.
Wall Street Analysts Forecast Growth
Several equities research analysts recently weighed in on the company. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $106.00 price target (up from $96.00) on shares of Uber Technologies in a report on Wednesday, June 25th. Bank of America boosted their target price on Uber Technologies from $97.00 to $115.00 and gave the stock a "buy" rating in a research report on Tuesday, July 8th. Wall Street Zen downgraded Uber Technologies from a "buy" rating to a "hold" rating in a research note on Saturday, August 9th. Raymond James Financial increased their price objective on Uber Technologies from $100.00 to $105.00 and gave the stock a "strong-buy" rating in a research report on Thursday, August 7th. Finally, Citigroup boosted their target price on shares of Uber Technologies from $92.00 to $102.00 and gave the stock a "buy" rating in a research report on Thursday, May 8th. Eleven analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $102.82.
View Our Latest Report on Uber Technologies
Uber Technologies Price Performance
The company has a 50 day simple moving average of $90.05 and a 200 day simple moving average of $81.69. The company has a market capitalization of $194.14 billion, a price-to-earnings ratio of 15.86, a price-to-earnings-growth ratio of 1.04 and a beta of 1.43. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.41.
Uber Technologies (NYSE:UBER - Get Free Report) last announced its quarterly earnings results on Wednesday, August 6th. The ride-sharing company reported $0.63 earnings per share for the quarter, topping analysts' consensus estimates of $0.61 by $0.02. The firm had revenue of $12.65 billion during the quarter, compared to analysts' expectations of $12.45 billion. Uber Technologies had a net margin of 26.68% and a return on equity of 59.96%. The firm's revenue was up 18.2% on a year-over-year basis. During the same period in the prior year, the company earned $0.47 EPS. As a group, research analysts predict that Uber Technologies, Inc. will post 2.54 EPS for the current year.
Insider Buying and Selling
In related news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of Uber Technologies stock in a transaction on Monday, July 7th. The shares were sold at an average price of $95.00, for a total value of $261,250.00. Following the completion of the sale, the chief financial officer owned 21,975 shares in the company, valued at approximately $2,087,625. The trade was a 11.12% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 3.84% of the company's stock.
Institutional Investors Weigh In On Uber Technologies
Institutional investors and hedge funds have recently made changes to their positions in the company. Kilter Group LLC bought a new position in Uber Technologies in the second quarter worth about $26,000. West Oak Capital LLC acquired a new stake in shares of Uber Technologies during the 2nd quarter worth approximately $28,000. Trust Co. of Toledo NA OH bought a new stake in shares of Uber Technologies in the 2nd quarter worth approximately $30,000. Noble Wealth Management PBC acquired a new position in Uber Technologies during the 1st quarter valued at approximately $27,000. Finally, Kozak & Associates Inc. grew its stake in Uber Technologies by 155.9% during the 1st 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 last quarter. 80.24% of the stock is owned by institutional investors and hedge funds.
About Uber Technologies
(
Get Free Report)
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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