Uber Technologies (NYSE:UBER) Trading Up 2.3% - What's Next?

Shares of Uber Technologies, Inc. (NYSE:UBER - Get Free Report) traded up 2.3% during trading on Thursday . The company traded as high as $92.65 and last traded at $92.98. 4,246,573 shares changed hands during trading, a decline of 80% from the average session volume of 20,919,828 shares. The stock had previously closed at $90.90.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on UBER shares. Citigroup raised their price target on shares of Uber Technologies from $92.00 to $102.00 and gave the company a "buy" rating in a research note on Thursday, May 8th. TD Cowen decreased their target price on Uber Technologies from $90.00 to $88.00 and set a "buy" rating on the stock in a research report on Tuesday, April 8th. Stifel Nicolaus started coverage on Uber Technologies in a research note on Wednesday, June 11th. They issued a "buy" rating and a $110.00 price target on the stock. Truist Financial increased their price objective on Uber Technologies from $90.00 to $92.00 and gave the company a "buy" rating in a research note on Thursday, March 6th. Finally, Cantor Fitzgerald restated an "overweight" rating and issued a $106.00 price objective (up previously from $96.00) on shares of Uber Technologies in a report on Wednesday. Eleven investment analysts have rated the stock with a hold rating and twenty-seven have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Uber Technologies has a consensus rating of "Moderate Buy" and an average target price of $95.18.

Uber Technologies Price Performance

The company has a fifty day moving average of $84.48 and a 200-day moving average of $74.83. 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 stock has a market cap of $194.42 billion, a PE ratio of 16.29, a P/E/G ratio of 1.17 and a beta of 1.38.

Uber Technologies (NYSE:UBER - Get Free Report) last issued its quarterly earnings results 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. The company had revenue of $11.53 billion for the quarter, compared to analyst estimates of $11.61 billion. Uber Technologies had a net margin of 27.07% and a return on equity of 66.46%. The business's revenue for the quarter was up 13.8% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.32) earnings per share. Sell-side analysts expect that Uber Technologies, Inc. will post 2.54 EPS for the current fiscal year.

Insider Buying and Selling

In other news, insider Jill Hazelbaker sold 34,884 shares of the business'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 transaction, the insider now directly owns 102,135 shares of the company's stock, valued at approximately $8,786,674.05. The trade was a 25.46% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the company's stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $85.00, for a total transaction of $233,750.00. Following the sale, the chief financial officer now owns 21,063 shares in the company, valued at $1,790,355. The trade was a 11.55% decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.84% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in Uber Technologies by 3.2% in the first quarter. Vanguard Group Inc. now owns 186,526,036 shares of the ride-sharing company's stock valued at $13,590,287,000 after buying an additional 5,759,353 shares during the last quarter. Capital Research Global Investors boosted its position in shares of Uber Technologies by 79.0% during the 4th quarter. Capital Research Global Investors now owns 118,131,681 shares of the ride-sharing company's stock worth $7,125,728,000 after acquiring an additional 52,125,476 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Uber Technologies by 2.5% in the 4th quarter. Geode Capital Management LLC now owns 43,561,447 shares of the ride-sharing company's stock valued at $2,621,929,000 after acquiring an additional 1,061,088 shares during the last quarter. Capital World Investors raised its position in shares of Uber Technologies by 10.1% during the 4th quarter. Capital World Investors now owns 30,355,075 shares of the ride-sharing company's stock worth $1,831,021,000 after acquiring an additional 2,792,039 shares in the last quarter. Finally, Pershing Square Capital Management L.P. purchased a new stake in Uber Technologies during the first quarter worth approximately $2,207,743,000. Institutional investors and hedge funds 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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