Uber Technologies (NYSE:UBER) Trading 4.1% Higher - What's Next?

Uber Technologies, Inc. (NYSE:UBER - Get Free Report) shares were up 4.1% on Friday . The company traded as high as $83.77 and last traded at $84.18. Approximately 4,770,560 shares changed hands during mid-day trading, a decline of 79% from the average daily volume of 22,760,477 shares. The stock had previously closed at $80.89.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on UBER shares. KGI Securities reissued a "neutral" rating and issued a $78.00 price target on shares of Uber Technologies in a report on Tuesday, March 11th. JPMorgan Chase & Co. lowered their price target on Uber Technologies from $90.00 to $80.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 8th. Cantor Fitzgerald reiterated an "overweight" rating and set a $80.00 price objective on shares of Uber Technologies in a research report on Wednesday, April 16th. Needham & Company LLC reaffirmed a "buy" rating and issued a $90.00 target price on shares of Uber Technologies in a research note on Wednesday, April 9th. Finally, Citigroup decreased their price target on shares of Uber Technologies from $98.00 to $92.00 and set a "buy" rating on the stock in a research note on Thursday, February 6th. Ten investment 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.com, Uber Technologies presently has a consensus rating of "Moderate Buy" and a consensus target price of $89.81.

Uber Technologies Stock Up 4.2 %

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 stock's 50 day simple moving average is $73.83 and its two-hundred day simple moving average is $71.38. The firm has a market cap of $176.30 billion, a P/E ratio of 18.48, a P/E/G ratio of 0.89 and a beta of 1.37.

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

Insider Activity

In other news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the business's stock in a transaction that occurred on Thursday, March 20th. The shares were sold at an average price of $75.00, for a total transaction of $206,250.00. Following the completion of the transaction, the chief financial officer now directly owns 22,162 shares of the company's stock, valued at $1,662,150. The trade was a 11.04 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Tony West sold 23,404 shares of the firm's stock in a transaction that occurred 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 completion of the sale, the insider now 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 77,154 shares of company stock worth $5,793,869 over the last 90 days. 3.70% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Uber Technologies

Several hedge funds and other institutional investors have recently modified their holdings of the company. Noble Wealth Management PBC purchased a new position in shares of Uber Technologies in the first quarter worth approximately $27,000. Kozak & Associates Inc. grew its position in shares of Uber Technologies by 155.9% during the 1st quarter. Kozak & Associates Inc. now owns 366 shares of the ride-sharing company's stock valued at $27,000 after acquiring an additional 223 shares during the period. GPS Wealth Strategies Group LLC increased its stake in shares of Uber Technologies by 305.1% in the 1st quarter. GPS Wealth Strategies Group LLC now owns 397 shares of the ride-sharing company's stock worth $29,000 after purchasing an additional 299 shares in the last quarter. Perkins Coie Trust Co raised its holdings in Uber Technologies by 306.0% in the 1st quarter. Perkins Coie Trust Co now owns 406 shares of the ride-sharing company's stock worth $30,000 after purchasing an additional 306 shares during the period. Finally, Fourth Dimension Wealth LLC purchased a new position in Uber Technologies during the fourth quarter valued at $27,000. 80.24% of the stock is owned by institutional investors.

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.