Uber Technologies (NYSE:UBER) Trading 1.4% Higher - Still a Buy?

Uber Technologies, Inc. (NYSE:UBER - Get Free Report)'s stock price traded up 1.4% on Monday . The company traded as high as $93.09 and last traded at $92.77. 3,815,681 shares traded hands during mid-day trading, a decline of 82% from the average session volume of 21,030,036 shares. The stock had previously closed at $91.53.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. Fox Advisors lowered shares of Uber Technologies from an "overweight" rating to an "equal weight" rating in a research note on Tuesday, March 11th. Needham & Company LLC reaffirmed a "buy" rating and set a $90.00 price objective on shares of Uber Technologies in a report on Wednesday, May 7th. The Goldman Sachs Group raised their price objective on Uber Technologies from $96.00 to $110.00 and gave the company a "buy" rating in a research note on Thursday, May 8th. Wedbush cut Uber Technologies from an "outperform" rating to a "neutral" rating and raised their target price for the stock from $80.00 to $85.00 in a research note on Thursday, May 8th. Finally, JMP Securities reaffirmed a "market perform" rating on shares of Uber Technologies in a research report on Thursday, May 15th. Twelve analysts have rated the stock with a hold rating and twenty-seven have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $94.85.

Uber Technologies Trading Up 1.9%

The stock has a market cap of $195.06 billion, a PE ratio of 16.34, a PEG ratio of 1.16 and a beta of 1.38. The stock has a fifty day moving average price of $85.16 and a 200 day moving average price of $75.40. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.02 and a current ratio of 1.02.

Uber Technologies (NYSE:UBER - Get Free Report) last announced its earnings results on Wednesday, May 7th. The ride-sharing company reported $0.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $0.33. Uber Technologies had a return on equity of 66.46% and a net margin of 27.07%. The business had revenue of $11.53 billion during the quarter, compared to analyst estimates of $11.61 billion. During the same quarter in the previous year, the business earned ($0.32) earnings per share. The company's revenue for the quarter was up 13.8% compared to the same quarter last year. Equities analysts expect that Uber Technologies, Inc. will post 2.54 EPS for the current year.

Insiders Place Their Bets

In other news, insider Jill Hazelbaker sold 34,884 shares of Uber Technologies stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $86.03, for a total value of $3,001,070.52. Following the sale, the insider owned 102,135 shares in the company, valued at $8,786,674.05. This trade represents a 25.46% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the stock in a transaction on Monday, May 5th. The shares were sold at an average price of $85.00, for a total value of $233,750.00. Following the completion of the transaction, the chief financial officer directly owned 21,063 shares of the company's stock, valued at approximately $1,790,355. This represents a 11.55% decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.70% of the stock is currently owned by company insiders.

Institutional Trading of Uber Technologies

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Nova Wealth Management Inc. grew its holdings in Uber Technologies by 41.0% during the 1st quarter. Nova Wealth Management Inc. now owns 430 shares of the ride-sharing company's stock worth $31,000 after acquiring an additional 125 shares in the last quarter. Navalign LLC raised its holdings in shares of Uber Technologies by 0.5% during the fourth quarter. Navalign LLC now owns 25,468 shares of the ride-sharing company's stock worth $1,536,000 after acquiring an additional 126 shares in the last quarter. Grove Bank & Trust raised its holdings in Uber Technologies by 0.9% during the first quarter. Grove Bank & Trust now owns 14,139 shares of the ride-sharing company's stock valued at $1,030,000 after buying an additional 133 shares in the last quarter. Forum Financial Management LP raised its holdings in Uber Technologies by 1.3% in the 1st quarter. Forum Financial Management LP now owns 10,956 shares of the ride-sharing company's stock worth $798,000 after acquiring an additional 136 shares during the period. Finally, CBIZ Investment Advisory Services LLC lifted its position in Uber Technologies by 42.1% during the 1st quarter. CBIZ Investment Advisory Services LLC now owns 466 shares of the ride-sharing company's stock worth $34,000 after acquiring an additional 138 shares during the last quarter. 80.24% of the stock is currently owned by hedge funds and other institutional investors.

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.