Uber Technologies (NYSE:UBER) Trading Up 3.5% - Here's Why

Key Points

• Shares of Uber Technologies increased by 3.5% to last trade at $100.02, with trading volume up by 5% compared to the average session volume.
• Several analysts have upgraded their price targets for Uber, with a consensus target price now at $104.03 and a "Moderate Buy" rating from analysts.
• The company reported $0.63 EPS for the last quarter, surpassing analyst expectations and marking a year-over-year revenue growth of 18.2%.

Uber Technologies, Inc. (NYSE:UBER - Get Free Report) shares shot up 3.5% on Monday . The stock traded as high as $101.30 and last traded at $100.02. 22,385,236 shares changed hands during trading, an increase of 5% from the average session volume of 21,297,566 shares. The stock had previously closed at $96.60.

Analyst Upgrades and Downgrades

UBER has been the topic of a number of research analyst reports. Susquehanna boosted their target price on shares of Uber Technologies from $100.00 to $105.00 and gave the company a "positive" rating in a research note on Thursday, August 7th. Raymond James Financial upped their price objective on Uber Technologies from $100.00 to $105.00 and gave the company a "strong-buy" rating in a research note on Thursday, August 7th. Weiss Ratings reissued a "buy (b)" rating on shares of Uber Technologies in a research report on Saturday, September 27th. BMO Capital Markets boosted their target price on Uber Technologies from $101.00 to $113.00 and gave the company an "outperform" rating in a research note on Thursday, August 7th. Finally, Roth Capital upped their price target on Uber Technologies from $93.00 to $110.00 and gave the company a "buy" rating in a research report on Monday, July 14th. Two analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and ten have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $104.03.

Uber Technologies Price Performance

The business has a fifty day moving average of $94.12 and a 200-day moving average of $87.40. The firm has a market cap of $208.58 billion, a PE ratio of 17.04 and a beta of 1.48. The company has a current ratio of 1.11, a quick 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 analysts' consensus estimates of $0.61 by $0.02. Uber Technologies had a return on equity of 59.96% and a net margin of 26.68%.The business had revenue of $12.65 billion during the quarter, compared to analyst estimates of $12.45 billion. During the same quarter in the previous year, the firm earned $0.47 EPS. The company's quarterly revenue was up 18.2% compared to the same quarter last year. As a group, research analysts predict that Uber Technologies, Inc. will post 2.54 earnings per share for the current year.

Insiders Place Their Bets

In other Uber Technologies news, CEO Dara Khosrowshahi sold 150,000 shares of the firm's stock in a transaction on Monday, September 22nd. The shares were sold at an average price of $100.48, for a total value of $15,072,000.00. Following the completion of the transaction, the chief executive officer directly owned 982,544 shares of the company's stock, valued at $98,726,021.12. This trade represents a 13.24% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Jill Hazelbaker sold 31,250 shares of the company's stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $96.42, for a total transaction of $3,013,125.00. Following the completion of the transaction, the insider directly owned 86,531 shares in the company, valued at approximately $8,343,319.02. The trade was a 26.53% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 601,821 shares of company stock worth $58,659,491. Company insiders own 3.70% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Kilter Group LLC purchased a new position in shares of Uber Technologies in the 2nd quarter worth about $26,000. Kozak & Associates Inc. lifted its position in Uber Technologies by 155.9% in the 1st quarter. Kozak & Associates Inc. now owns 366 shares of the ride-sharing company's stock worth $27,000 after buying an additional 223 shares during the last quarter. Noble Wealth Management PBC bought a new stake in Uber Technologies in the 1st quarter worth approximately $27,000. Vision Financial Markets LLC purchased a new stake in Uber Technologies in the first quarter worth approximately $27,000. Finally, West Oak Capital LLC bought a new position in Uber Technologies during the second quarter valued at approximately $28,000. 80.24% of the stock is currently owned by hedge funds and other institutional investors.

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.

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