Uber Technologies (NYSE:UBER) Shares Up 0.1% - Should You Buy?

Uber Technologies, Inc. (NYSE:UBER - Get Free Report)'s share price shot up 0.1% during trading on Wednesday . The stock traded as high as $76.47 and last traded at $75.32. 2,545,854 shares traded hands during mid-day trading, a decline of 87% from the average session volume of 19,417,709 shares. The stock had previously closed at $75.26.

Analysts Set New Price Targets

Several brokerages have recently commented on UBER. Wells Fargo & Company decreased their target price on Uber Technologies from $90.00 to $87.00 and set an "overweight" rating for the company in a research report on Thursday, February 6th. JMP Securities reissued a "market perform" rating on shares of Uber Technologies in a research report on Thursday, February 6th. Benchmark reissued a "hold" rating on shares of Uber Technologies in a research report on Friday, January 31st. Needham & Company LLC reissued a "buy" rating and set a $90.00 price objective on shares of Uber Technologies in a research report on Wednesday, February 5th. Finally, Citizens Jmp cut Uber Technologies from a "strong-buy" rating to a "hold" rating in a research report on Thursday, January 2nd. Eight research analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Uber Technologies presently has a consensus rating of "Moderate Buy" and an average price target of $90.81.

Uber Technologies Stock Up 1.7 %

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 capitalization of $159.96 billion, a P/E ratio of 16.79, a price-to-earnings-growth ratio of 0.89 and a beta of 1.39. The firm has a 50 day moving average of $70.35 and a 200-day moving average of $71.60.

Uber Technologies (NYSE:UBER - Get Free Report) last issued its quarterly earnings results on Wednesday, February 5th. The ride-sharing company reported $3.21 earnings per share (EPS) for the quarter, beating 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%. On average, equities research analysts expect that Uber Technologies, Inc. will post 2.54 earnings per share for the current fiscal year.

Insider Activity at Uber Technologies

In other news, insider Jill Hazelbaker sold 31,000 shares of the company's stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $81.02, for a total value of $2,511,620.00. Following the sale, the insider now directly owns 86,973 shares in the company, valued at approximately $7,046,552.46. This represents a 26.28 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 3.84% of the company's stock.

Institutional Investors Weigh In On Uber Technologies

Large investors have recently modified their holdings of the stock. Ascent Wealth Partners LLC bought a new stake in shares of Uber Technologies in the 3rd quarter valued at approximately $2,087,000. Teachers Retirement System of The State of Kentucky grew its stake in shares of Uber Technologies by 4.4% in the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 321,726 shares of the ride-sharing company's stock valued at $24,180,000 after purchasing an additional 13,433 shares during the period. Aviso Wealth Management bought a new stake in shares of Uber Technologies in the 3rd quarter valued at approximately $2,302,000. Polianta Ltd bought a new stake in shares of Uber Technologies in the 4th quarter valued at approximately $1,206,000. Finally, Allworth Financial LP grew its stake in shares of Uber Technologies by 8.9% in the 4th quarter. Allworth Financial LP now owns 20,381 shares of the ride-sharing company's stock valued at $1,229,000 after purchasing an additional 1,663 shares during the period. 80.24% of the stock is currently owned by 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.