Uber Technologies (NYSE:UBER) Shares Up 3% - Time to Buy?

Uber Technologies, Inc. (NYSE:UBER - Get Free Report)'s share price rose 3% on Thursday . The company traded as high as $75.12 and last traded at $75.28. Approximately 5,911,517 shares traded hands during trading, a decline of 71% from the average daily volume of 20,291,492 shares. The stock had previously closed at $73.06.

Analyst Ratings Changes

A number of brokerages recently weighed in on UBER. Fox Advisors downgraded Uber Technologies from an "overweight" rating to an "equal weight" rating in a research report on Tuesday, March 11th. Wolfe Research increased their target price on shares of Uber Technologies from $90.00 to $92.00 and gave the company an "outperform" rating in a research report on Friday, January 3rd. Truist Financial upped their price target on Uber Technologies from $90.00 to $92.00 and gave the stock a "buy" rating in a research report on Thursday, March 6th. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $80.00 target price on shares of Uber Technologies in a research report on Wednesday, April 16th. Finally, JPMorgan Chase & Co. cut their price objective on shares of Uber Technologies from $90.00 to $80.00 and set an "overweight" rating on the stock in a report on Tuesday, April 8th. Ten analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $89.81.

Uber Technologies Price Performance

The stock has a market capitalization of $152.62 billion, a PE ratio of 16.00, a PEG ratio of 0.89 and a beta of 1.37. The company has a quick ratio of 1.41, a current ratio of 1.07 and a debt-to-equity ratio of 0.37. The company has a 50-day moving average of $74.06 and a 200 day moving average of $71.44.

Uber Technologies (NYSE:UBER - Get Free Report) last announced its quarterly earnings data on Wednesday, February 5th. The ride-sharing company reported $3.21 EPS for the quarter, topping analysts' consensus estimates of $0.50 by $2.71. Uber Technologies had a return on equity of 62.60% and a net margin of 22.41%. Sell-side analysts predict that Uber Technologies, Inc. will post 2.54 EPS for the current year.

Insider Buying and Selling

In other news, insider Jill Hazelbaker sold 31,000 shares of the stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $81.02, for a total transaction of $2,511,620.00. Following the completion of the transaction, the insider now directly owns 86,973 shares in the company, valued at approximately $7,046,552.46. This represents a 26.28 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Tony West sold 23,404 shares of the business'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 in the company, valued at approximately $8,027,715.07. This trade represents a 17.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 77,154 shares of company stock worth $5,793,869. Insiders own 3.84% of the company's stock.

Institutional Trading of Uber Technologies

A number of institutional investors and hedge funds have recently added to or reduced their stakes in UBER. Polianta Ltd purchased a new position in Uber Technologies during the 4th quarter valued at about $1,206,000. Allworth Financial LP increased its stake in Uber Technologies by 8.9% during the 4th quarter. Allworth Financial LP now owns 20,381 shares of the ride-sharing company's stock worth $1,229,000 after buying an additional 1,663 shares during the period. Lecap Asset Management Ltd. acquired a new stake in Uber Technologies during the 4th quarter worth approximately $3,188,000. Mirador Capital Partners LP grew its stake in shares of Uber Technologies by 40.4% in the fourth quarter. Mirador Capital Partners LP now owns 85,214 shares of the ride-sharing company's stock worth $5,140,000 after acquiring an additional 24,520 shares in the last quarter. Finally, Tri Ri Asset Management Corp purchased a new stake in shares of Uber Technologies during the third quarter worth $8,243,000. Hedge funds and other 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.