Uber Technologies (NYSE:UBER) Shares Up 3.4% After Analyst Upgrade

Uber Technologies, Inc. (NYSE:UBER - Get Free Report) shares traded up 3.4% on Monday after Wells Fargo & Company raised their price target on the stock from $100.00 to $120.00. Wells Fargo & Company currently has an overweight rating on the stock. Uber Technologies traded as high as $97.12 and last traded at $96.82. 10,158,900 shares changed hands during mid-day trading, a decline of 52% from the average session volume of 21,109,896 shares. The stock had previously closed at $93.63.

A number of other equities analysts also recently commented on the stock. KGI Securities reissued a "neutral" rating and issued a $78.00 target price on shares of Uber Technologies in a research note on Tuesday, March 11th. Bank of America raised their target price on shares of Uber Technologies from $96.00 to $97.00 and gave the company a "buy" rating in a research note on Thursday, May 8th. KeyCorp raised their target price on shares of Uber Technologies from $80.00 to $90.00 and gave the company an "overweight" rating in a research note on Thursday, May 8th. JPMorgan Chase & Co. raised their target price on shares of Uber Technologies from $92.00 to $105.00 and gave the company an "overweight" rating in a research note on Tuesday, May 20th. Finally, Fox Advisors downgraded shares of Uber Technologies from an "overweight" rating to an "equal weight" rating in a research note on Tuesday, March 11th. Thirteen research analysts have rated the stock with a hold rating and twenty-six have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $95.44.

Insider Buying and Selling at Uber Technologies

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

Institutional Investors Weigh In On Uber Technologies

A number of hedge funds have recently added to or reduced their stakes in UBER. Transce3nd LLC bought a new stake in Uber Technologies during the 4th quarter worth about $27,000. Fourth Dimension Wealth LLC bought a new stake in Uber Technologies during the 4th quarter worth about $27,000. Kozak & Associates Inc. grew its holdings 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 acquiring an additional 223 shares during the last quarter. Noble Wealth Management PBC bought a new stake in Uber Technologies during the 1st quarter worth about $27,000. Finally, Vision Financial Markets LLC bought a new position in shares of Uber Technologies in the 1st quarter valued at about $27,000. Institutional investors own 80.24% of the company's stock.

Uber Technologies Stock Up 0.2%

The company has a market cap of $202.68 billion, a P/E ratio of 16.97, a price-to-earnings-growth ratio of 1.19 and a beta of 1.40. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.37. The firm's 50 day moving average price is $87.27 and its 200-day moving average price is $76.78.

Uber Technologies (NYSE:UBER - Get Free Report) last announced its earnings results on Wednesday, May 7th. The ride-sharing company reported $0.83 EPS for the quarter, topping the consensus estimate of $0.50 by $0.33. The firm had revenue of $11.53 billion for the quarter, compared to the consensus estimate of $11.61 billion. Uber Technologies had a net margin of 27.07% and a return on equity of 66.46%. The business's quarterly revenue was up 13.8% on a year-over-year basis. During the same period last year, the company posted ($0.32) EPS. As a group, equities research analysts expect that Uber Technologies, Inc. will post 2.54 EPS for the current year.

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.