Insider Buying: Uber Technologies, Inc. (NYSE:UBER) Director Acquires 543 Shares of Stock

Uber Technologies, Inc. (NYSE:UBER) Director Amanda Ginsberg purchased 543 shares of the company’s stock in a transaction on Thursday, April 28th. The shares were purchased at an average cost of $31.27 per share, with a total value of $16,979.61. Following the purchase, the director now owns 15,997 shares of the company’s stock, valued at approximately $500,226.19. The trade was a 3.51 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Uber Technologies Stock Performance

UBER traded down $1.02 during midday trading on Thursday, hitting $60.21. 27,738,469 shares of the company traded hands, compared to its average volume of 19,309,229. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.70. The company’s 50-day moving average is $72.26 and its 200 day moving average is $71.22. Uber Technologies, Inc. has a 52 week low of $54.84 and a 52 week high of $87.00. The firm has a market capitalization of $126.78 billion, a PE ratio of 29.96, a price-to-earnings-growth ratio of 0.75 and a beta of 1.33.

Uber Technologies (NYSE:UBER) last announced its earnings results on Thursday, October 31st. The ride-sharing company reported $1.20 earnings per share for the quarter, beating analysts’ consensus estimates of $0.41 by $0.79. The business had revenue of $11.19 billion during the quarter, compared to analyst estimates of $10.99 billion. Uber Technologies had a net margin of 10.49% and a return on equity of 33.46%. The company’s quarterly revenue was up 20.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.10 EPS. On average, research analysts expect that Uber Technologies, Inc. will post 1.89 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages have commented on UBER. Truist Financial reduced their price target on shares of Uber Technologies from $99.00 to $95.00 and set a “buy” rating on the stock in a research report on Friday, November 1st. Tigress Financial raised their price objective on Uber Technologies from $96.00 to $103.00 and gave the company a “buy” rating in a research note on Monday, November 25th. JMP Securities restated a “market outperform” rating and set a $95.00 target price on shares of Uber Technologies in a report on Wednesday, December 4th. Evercore ISI lifted their price target on Uber Technologies from $90.00 to $120.00 and gave the stock an “outperform” rating in a research note on Thursday, October 31st. Finally, Jefferies Financial Group raised their target price on shares of Uber Technologies from $100.00 to $105.00 and gave the stock a “buy” rating in a report on Tuesday, October 22nd. Six analysts have rated the stock with a hold rating, thirty-two have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Uber Technologies has a consensus rating of “Moderate Buy” and a consensus price target of $90.51.

Institutional Investors Weigh In On Uber Technologies

A number of large investors have recently made changes to their positions in UBER. Geode Capital Management LLC grew its position in Uber Technologies by 2.1% during the third quarter. Geode Capital Management LLC now owns 42,500,359 shares of the ride-sharing company’s stock valued at $3,184,013,000 after buying an additional 893,652 shares during the period. Edgewood Management LLC grew its position in shares of Uber Technologies by 10.5% during the 3rd quarter. Edgewood Management LLC now owns 27,552,060 shares of the ride-sharing company’s stock valued at $2,070,813,000 after acquiring an additional 2,627,768 shares during the period. Legal & General Group Plc increased its stake in shares of Uber Technologies by 1.6% in the 2nd quarter. Legal & General Group Plc now owns 15,238,477 shares of the ride-sharing company’s stock worth $1,107,529,000 after purchasing an additional 237,976 shares in the last quarter. Janus Henderson Group PLC increased its stake in shares of Uber Technologies by 18.3% in the 3rd quarter. Janus Henderson Group PLC now owns 13,286,812 shares of the ride-sharing company’s stock worth $998,767,000 after purchasing an additional 2,056,273 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in Uber Technologies by 14.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 12,498,209 shares of the ride-sharing company’s stock worth $939,365,000 after purchasing an additional 1,601,747 shares during the period. 80.24% of the stock is currently 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.