Uber Technologies (NYSE:UBER) Trading Up 2% - What's Next?

Uber Technologies, Inc. (NYSE:UBER - Get Free Report)'s stock price was up 2% during mid-day trading on Monday . The company traded as high as $86.12 and last traded at $85.96. Approximately 8,898,163 shares traded hands during mid-day trading, a decline of 56% from the average daily volume of 20,236,587 shares. The stock had previously closed at $84.28.

Analyst Upgrades and Downgrades

UBER has been the topic of several research reports. Wells Fargo & Company boosted their price target on shares of Uber Technologies from $87.00 to $90.00 and gave the company an "overweight" rating in a research report on Thursday, April 3rd. Arete Research upgraded shares of Uber Technologies to a "hold" rating in a research report on Tuesday, February 18th. DA Davidson reduced their price target on shares of Uber Technologies from $84.00 to $80.00 and set a "buy" rating on the stock in a research report on Thursday, February 6th. Citigroup lowered their target price on Uber Technologies from $98.00 to $92.00 and set a "buy" rating for the company in a research note on Thursday, February 6th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Uber Technologies from $90.00 to $80.00 and set an "overweight" rating for the company in a research note on Tuesday, April 8th. Ten research analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $89.81.

Uber Technologies Price Performance

The company has a market cap of $179.36 billion, a P/E ratio of 18.81, a PEG ratio of 0.89 and a beta of 1.43. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.07 and a quick ratio of 1.41. The firm's 50-day moving average is $73.83 and its two-hundred day moving average is $71.32.

Uber Technologies (NYSE:UBER - Get Free Report) last announced its quarterly earnings data on Wednesday, February 5th. The ride-sharing company reported $3.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.50 by $2.71. Uber Technologies had a net margin of 22.41% and a return on equity of 62.60%. Analysts anticipate that Uber Technologies, Inc. will post 2.54 earnings per share for the current year.

Insiders Place Their Bets

In other news, insider Tony West sold 23,404 shares of the business's stock in a transaction dated 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 sale, the insider now owns 114,241 shares in the company, valued at approximately $8,027,715.07. The trade was a 17.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Nikki Krishnamurthy sold 20,000 shares of the firm's stock in a transaction on Friday, March 14th. The stock was sold at an average price of $71.57, for a total transaction of $1,431,400.00. Following the completion of the transaction, the senior vice president now directly owns 361,908 shares of the company's stock, valued at approximately $25,901,755.56. This represents a 5.24 % 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 ninety days. 3.84% of the stock is owned by company insiders.

Institutional Trading of Uber Technologies

Several large investors have recently added to or reduced their stakes in UBER. Morse Asset Management Inc raised its holdings in shares of Uber Technologies by 18,120.0% during the first quarter. Morse Asset Management Inc now owns 9,110 shares of the ride-sharing company's stock worth $664,000 after purchasing an additional 9,060 shares during the last quarter. CBIZ Investment Advisory Services LLC grew its stake in Uber Technologies by 42.1% in the 1st quarter. CBIZ Investment Advisory Services LLC now owns 466 shares of the ride-sharing company's stock valued at $34,000 after acquiring an additional 138 shares during the period. Elyxium Wealth LLC acquired a new position in shares of Uber Technologies during the 1st quarter worth about $246,000. Covenant Asset Management LLC boosted its stake in shares of Uber Technologies by 0.8% in the first quarter. Covenant Asset Management LLC now owns 54,297 shares of the ride-sharing company's stock worth $3,956,000 after acquiring an additional 429 shares during the last quarter. Finally, Kestra Private Wealth Services LLC lifted its stake in shares of Uber Technologies by 42.6% in the first quarter. Kestra Private Wealth Services LLC now owns 179,929 shares of the ride-sharing company's stock worth $13,110,000 after buying an additional 53,741 shares in the last quarter. Hedge funds and other 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.

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