Uber Technologies (NYSE:UBER) Stock Price Up 0.7% Following Analyst Upgrade

Uber Technologies, Inc. (NYSE:UBER - Get Free Report) shares shot up 0.7% during mid-day trading on Friday after UBS Group raised their price target on the stock from $103.00 to $107.00. UBS Group currently has a buy rating on the stock. Uber Technologies traded as high as $84.12 and last traded at $82.87. 5,229,460 shares traded hands during trading, a decline of 74% from the average session volume of 20,122,094 shares. The stock had previously closed at $82.30.

UBER has been the subject of several other research reports. JPMorgan Chase & Co. increased their target price on Uber Technologies from $80.00 to $92.00 and gave the company an "overweight" rating in a research note on Thursday, May 8th. Evercore ISI decreased their target price on Uber Technologies from $120.00 to $115.00 and set an "outperform" rating for the company in a research note on Thursday, February 6th. Benchmark restated a "hold" rating on shares of Uber Technologies in a research note on Friday, January 31st. Arete Research upgraded Uber Technologies to a "hold" rating in a research note on Tuesday, February 18th. Finally, Needham & Company LLC restated a "buy" rating and set a $90.00 target price on shares of Uber Technologies in a research note on Wednesday, May 7th. Eleven equities research analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $92.69.

Insider Buying and Selling

In other Uber Technologies news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of Uber Technologies stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $85.00, for a total transaction of $233,750.00. Following the transaction, the chief financial officer now directly owns 21,063 shares in the company, valued at approximately $1,790,355. The trade was a 11.55% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Tony West sold 23,404 shares of Uber Technologies stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of $70.27, for a total value of $1,644,599.08. Following the completion of the sale, the insider now directly owns 114,241 shares in the company, valued at $8,027,715.07. This represents a 17.00% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 79,904 shares of company stock worth $6,027,619 in the last three months. Insiders own 3.84% of the company's stock.

Institutional Trading of Uber Technologies

A number of hedge funds and other institutional investors have recently modified their holdings of UBER. Ethic Inc. boosted its holdings in shares of Uber Technologies by 12.8% during the first quarter. Ethic Inc. now owns 220,583 shares of the ride-sharing company's stock worth $16,100,000 after acquiring an additional 25,029 shares during the period. EverSource Wealth Advisors LLC lifted its stake in Uber Technologies by 18.2% during the first quarter. EverSource Wealth Advisors LLC now owns 11,609 shares of the ride-sharing company's stock worth $846,000 after purchasing an additional 1,789 shares during the last quarter. Watchman Group Inc. bought a new stake in Uber Technologies during the first quarter worth $3,316,000. Kimelman & Baird LLC increased its holdings in shares of Uber Technologies by 0.3% during the first quarter. Kimelman & Baird LLC now owns 335,167 shares of the ride-sharing company's stock worth $24,420,000 after buying an additional 1,133 shares in the last quarter. Finally, Leigh Baldwin & CO. LLC acquired a new stake in Uber Technologies in the first quarter valued at $203,000. Institutional investors and hedge funds own 80.24% of the company's stock.

Uber Technologies Stock Up 4.4%

The firm has a market capitalization of $192.35 billion, a price-to-earnings ratio of 20.17, a P/E/G ratio of 0.89 and a beta of 1.43. The stock has a fifty day moving average of $74.95 and a two-hundred day moving average of $71.55. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.07 and a quick ratio of 1.41.

Uber Technologies (NYSE:UBER - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The ride-sharing company reported $0.83 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.50 by $0.33. Uber Technologies had a net margin of 22.41% and a return on equity of 62.60%. The company had revenue of $11.53 billion for the quarter, compared to analysts' expectations of $11.61 billion. During the same quarter in the prior year, the firm earned ($0.32) EPS. The business's revenue was up 13.8% on a year-over-year basis. Sell-side analysts anticipate that Uber Technologies, Inc. will post 2.54 earnings per share 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.