Uber Technologies (NYSE:UBER) Stock Price Up 0.7% – What’s Next?

Uber Technologies, Inc. (NYSE:UBER) rose 0.7% during mid-day trading on Friday . The stock traded as high as $74.75 and last traded at $74.88. Approximately 4,361,639 shares were traded during mid-day trading, a decline of 78% from the average daily volume of 19,516,237 shares. The stock had previously closed at $74.35.

Analyst Ratings Changes

UBER has been the topic of several analyst reports. Citizens Jmp cut Uber Technologies from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 2nd. KGI Securities reiterated a “neutral” rating and issued a $78.00 price objective on shares of Uber Technologies in a research note on Tuesday, March 11th. Piper Sandler reiterated an “overweight” rating and issued a $87.00 price objective (up from $80.00) on shares of Uber Technologies in a research note on Tuesday, February 18th. Wolfe Research increased their price objective on Uber Technologies from $90.00 to $92.00 and gave the company an “outperform” rating in a research note on Friday, January 3rd. Finally, Evercore ISI reduced their price objective on Uber Technologies from $120.00 to $115.00 and set an “outperform” rating on the stock in a research note on Thursday, February 6th. Ten analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Uber Technologies currently has a consensus rating of “Moderate Buy” and a consensus price target of $90.31.

Uber Technologies Stock Performance

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 has a market cap of $157.96 billion, a price-to-earnings ratio of 16.60, a P/E/G ratio of 0.89 and a beta of 1.39. The stock’s 50-day moving average is $72.44 and its 200 day moving average is $71.57.

Uber Technologies (NYSE:UBER) last announced its quarterly earnings data on Wednesday, February 5th. The ride-sharing company reported $3.21 EPS for the quarter, beating analysts’ consensus estimates of $0.50 by $2.71. Uber Technologies had a net margin of 22.41% and a return on equity of 62.60%. As a group, analysts predict that Uber Technologies, Inc. will post 2.54 earnings per share for the current fiscal year.

Insider Activity

In other news, SVP Nikki Krishnamurthy sold 20,000 shares of the firm’s stock in a transaction that occurred on Friday, March 14th. The shares were 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 $25,901,755.56. This trade represents a 5.24 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 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 transaction, the insider now directly owns 114,241 shares of the company’s stock, valued at approximately $8,027,715.07. This trade represents a 17.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 74,404 shares of company stock worth $5,587,619. Company insiders own 3.84% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. Navalign LLC increased its stake in shares of Uber Technologies by 0.5% during the 4th quarter. Navalign LLC now owns 25,468 shares of the ride-sharing company’s stock worth $1,536,000 after purchasing an additional 126 shares in the last quarter. Welch & Forbes LLC grew its stake in Uber Technologies by 3.9% in the 4th quarter. Welch & Forbes LLC now owns 3,936 shares of the ride-sharing company’s stock worth $237,000 after acquiring an additional 148 shares during the period. Carlton Hofferkamp & Jenks Wealth Management LLC grew its stake in Uber Technologies by 3.5% in the 4th quarter. Carlton Hofferkamp & Jenks Wealth Management LLC now owns 4,381 shares of the ride-sharing company’s stock worth $282,000 after acquiring an additional 150 shares during the period. Canopy Partners LLC grew its stake in Uber Technologies by 2.2% in the 3rd quarter. Canopy Partners LLC now owns 6,958 shares of the ride-sharing company’s stock worth $523,000 after acquiring an additional 151 shares during the period. Finally, United Advisor Group LLC grew its stake in Uber Technologies by 3.6% in the 4th quarter. United Advisor Group LLC now owns 4,367 shares of the ride-sharing company’s stock worth $263,000 after acquiring an additional 153 shares during the period. 80.24% of the stock is 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.