Uber Technologies (NYSE:UBER) Trading 0.8% Higher - Here's What Happened

Shares of Uber Technologies, Inc. (NYSE:UBER - Get Free Report) rose 0.8% on Friday . The company traded as high as $80.55 and last traded at $78.74. Approximately 7,583,736 shares changed hands during trading, a decline of 63% from the average daily volume of 20,274,722 shares. The stock had previously closed at $78.10.

Analyst Upgrades and Downgrades

A number of research firms have commented on UBER. JMP Securities restated a "market perform" rating on shares of Uber Technologies in a research note on Thursday, February 6th. Evercore ISI lowered their target price on shares of Uber Technologies from $120.00 to $115.00 and set an "outperform" rating on the stock in a research note on Thursday, February 6th. Piper Sandler reaffirmed an "overweight" rating and issued a $87.00 target price (up previously from $80.00) on shares of Uber Technologies in a report on Tuesday, February 18th. Citigroup decreased their price target on Uber Technologies from $98.00 to $92.00 and set a "buy" rating on the stock in a report on Thursday, February 6th. Finally, The Goldman Sachs Group reaffirmed a "buy" rating and issued a $96.00 price objective on shares of Uber Technologies in a research note on Thursday, January 2nd. Ten equities research analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $89.81.

Uber Technologies Trading Up 1.4 %

The stock has a fifty day moving average of $73.55 and a 200-day moving average of $71.35. The company has a market cap of $166.17 billion, a PE ratio of 17.42, a PEG ratio of 0.89 and a beta of 1.37. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.41 and a current ratio of 1.07.

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

Insiders Place Their Bets

In other news, insider Tony West sold 23,404 shares of the stock in a transaction on Thursday, March 13th. The stock was sold at an average price of $70.27, for a total transaction of $1,644,599.08. Following the transaction, the insider now owns 114,241 shares of the company's stock, valued at approximately $8,027,715.07. This represents a 17.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Jill Hazelbaker sold 31,000 shares of the firm's stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $81.02, for a total value of $2,511,620.00. Following the transaction, the insider now owns 86,973 shares in the company, valued at approximately $7,046,552.46. This represents a 26.28 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 77,154 shares of company stock worth $5,793,869 in the last three months. Corporate insiders own 3.84% of the company's stock.

Institutional Investors Weigh In On Uber Technologies

Several hedge funds have recently modified their holdings of the business. Byrne Financial Freedom LLC purchased a new position in Uber Technologies during the first quarter valued at approximately $299,000. Callan Capital LLC boosted its position in Uber Technologies by 62.8% during the 1st quarter. Callan Capital LLC now owns 6,761 shares of the ride-sharing company's stock valued at $493,000 after acquiring an additional 2,608 shares in the last quarter. Capital Advisors Inc. OK increased its holdings in shares of Uber Technologies by 5.8% in the 1st quarter. Capital Advisors Inc. OK now owns 545,239 shares of the ride-sharing company's stock valued at $39,726,000 after acquiring an additional 29,999 shares during the period. Envestnet Asset Management Inc. raised its holdings in Uber Technologies by 4.3% in the first quarter. Envestnet Asset Management Inc. now owns 4,143,793 shares of the ride-sharing company's stock worth $301,917,000 after purchasing an additional 171,440 shares in the last quarter. Finally, Hexagon Capital Partners LLC lifted its position in Uber Technologies by 13.5% during the first quarter. Hexagon Capital Partners LLC now owns 3,344 shares of the ride-sharing company's stock valued at $244,000 after acquiring an additional 398 shares during the last quarter. Hedge funds and other institutional investors own 80.24% of the company's stock.

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.