Uber Technologies (NYSE:UBER) Trading 4.2% Higher - Still a Buy?

Key Points

• Uber Technologies' stock price increased by 4.2%, reaching a high of $98.83 during trading, with a significant rise in trading volume at 38,646,680 shares.
• Analysts have raised price targets for Uber from $97.00 to as high as $117.00, with a consensus price target of $103.06 and an average rating of "Moderate Buy".
• Uber recently reported $0.63 EPS for the last quarter, surpassing analysts' expectations and showing an 18.2% year-over-year revenue growth with total revenue of $12.65 billion.

Shares of Uber Technologies, Inc. (NYSE:UBER - Get Free Report) traded up 4.2% during trading on Friday . The company traded as high as $98.83 and last traded at $98.68. 38,646,680 shares changed hands during trading, an increase of 79% from the average session volume of 21,604,500 shares. The stock had previously closed at $94.70.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. KeyCorp upped their target price on shares of Uber Technologies from $90.00 to $110.00 and gave the company an "overweight" rating in a report on Monday, July 14th. Raymond James Financial upped their target price on shares of Uber Technologies from $100.00 to $105.00 and gave the company a "strong-buy" rating in a report on Thursday, August 7th. Barclays reaffirmed an "overweight" rating and set a $110.00 target price (up from $97.00) on shares of Uber Technologies in a report on Thursday, August 7th. Morgan Stanley reaffirmed an "overweight" rating and set a $115.00 target price (up from $95.00) on shares of Uber Technologies in a report on Monday, July 21st. Finally, Royal Bank Of Canada increased their price objective on shares of Uber Technologies from $94.00 to $100.00 and gave the stock an "outperform" rating in a research note on Thursday, August 7th. One analyst has rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and ten have assigned a Hold rating to the company's stock. Based on data from MarketBeat, Uber Technologies currently has a consensus rating of "Moderate Buy" and a consensus target price of $103.06.

Uber Technologies Stock Up 4.2%

The company has a market capitalization of $205.79 billion, a PE ratio of 16.81 and a beta of 1.43. The company's 50 day moving average is $92.63 and its two-hundred day moving average is $85.45. 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 posted its earnings results on Wednesday, August 6th. The ride-sharing company reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.02. The company 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%. Uber Technologies's quarterly revenue was up 18.2% on a year-over-year basis. During the same period last year, the company posted $0.47 earnings per share. On average, analysts anticipate that Uber Technologies, Inc. will post 2.54 earnings per share for the current year.

Insider Activity at Uber Technologies

In other Uber Technologies news, SVP Nikki Krishnamurthy sold 11,571 shares of the stock in a transaction on Friday, August 15th. The shares were sold at an average price of $91.74, for a total transaction of $1,061,523.54. Following the completion of the transaction, the senior vice president owned 416,222 shares in the company, valued at $38,184,206.28. This trade represents a 2.70% decrease in their ownership of the stock. The transaction 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 Tuesday, September 16th. The shares were sold at an average price of $99.42, for a total transaction of $273,405.00. Following the transaction, the chief financial officer owned 22,528 shares of the company's stock, valued at $2,239,733.76. This trade represents a 10.88% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 354,571 shares of company stock valued at $33,810,741 in the last ninety days. Corporate insiders own 3.70% of the company's stock.

Hedge Funds Weigh In On Uber Technologies

Several institutional investors have recently bought and sold shares of the business. Silicon Valley Capital Partners lifted its position in Uber Technologies by 2.5% during the second quarter. Silicon Valley Capital Partners now owns 16,999 shares of the ride-sharing company's stock valued at $1,586,000 after purchasing an additional 407 shares during the last quarter. Reynders McVeigh Capital Management LLC lifted its holdings in shares of Uber Technologies by 2.8% in the 2nd quarter. Reynders McVeigh Capital Management LLC now owns 222,302 shares of the ride-sharing company's stock worth $20,741,000 after acquiring an additional 6,130 shares during the last quarter. American Trust bought a new stake in shares of Uber Technologies in the 2nd quarter worth about $231,000. Total Investment Management Inc. bought a new stake in shares of Uber Technologies in the 2nd quarter worth about $32,000. Finally, Orion Porfolio Solutions LLC lifted its holdings in shares of Uber Technologies by 21.0% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 74,222 shares of the ride-sharing company's stock worth $6,925,000 after acquiring an additional 12,887 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.