Uber Technologies (NYSE:UBER) Trading Up 1.1% - Here's What Happened

Uber Technologies, Inc. (NYSE:UBER - Get Free Report) shares traded up 1.1% during mid-day trading on Monday . The company traded as high as $61.30 and last traded at $60.58. 10,363,817 shares were traded during mid-day trading, a decline of 45% from the average session volume of 18,971,486 shares. The stock had previously closed at $59.93.

Analyst Upgrades and Downgrades

UBER has been the subject of a number of recent research reports. Cantor Fitzgerald restated an "overweight" rating and set a $90.00 price target on shares of Uber Technologies in a research note on Monday, October 7th. Royal Bank of Canada boosted their target price on shares of Uber Technologies from $80.00 to $82.00 and gave the stock an "outperform" rating in a research report on Friday, November 1st. Oppenheimer upped their target price on shares of Uber Technologies from $90.00 to $95.00 and gave the stock an "outperform" rating in a report on Friday, September 27th. DA Davidson lifted their price target on Uber Technologies from $82.00 to $84.00 and gave the company a "buy" rating in a research note on Wednesday, November 6th. Finally, Tigress Financial increased their price objective on Uber Technologies from $96.00 to $103.00 and gave the stock a "buy" rating in a research note on Monday, November 25th. Six equities research analysts have rated the stock with a hold rating, thirty-two have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, Uber Technologies currently has an average rating of "Moderate Buy" and an average target price of $90.51.

Uber Technologies Stock Up 0.5 %

The stock's 50 day moving average is $73.54 and its 200 day moving average is $71.42. The company has a market capitalization of $126.87 billion, a PE ratio of 29.98, a PEG ratio of 0.75 and a beta of 1.33. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.41 and a current ratio of 1.41.

Uber Technologies (NYSE:UBER - Get Free Report) last posted its earnings results on Thursday, October 31st. The ride-sharing company reported $1.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.41 by $0.79. Uber Technologies had a return on equity of 33.46% and a net margin of 10.49%. The firm had revenue of $11.19 billion for the quarter, compared to the consensus estimate of $10.99 billion. During the same quarter in the prior year, the business posted $0.10 earnings per share. The business's quarterly revenue was up 20.4% on a year-over-year basis. On average, sell-side analysts anticipate that Uber Technologies, Inc. will post 1.89 EPS for the current fiscal year.

Insider Activity

In other Uber Technologies news, insider Jill Hazelbaker sold 27,780 shares of the company's stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $72.90, for a total value of $2,025,162.00. Following the transaction, the insider now directly owns 107,289 shares in the company, valued at $7,821,368.10. This represents a 20.57 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 3.84% of the stock is owned by company insiders.

Hedge Funds Weigh In On Uber Technologies

Hedge funds and other institutional investors have recently bought and sold shares of the stock. GHP Investment Advisors Inc. boosted its holdings in shares of Uber Technologies by 222.7% in the 2nd quarter. GHP Investment Advisors Inc. now owns 355 shares of the ride-sharing company's stock worth $26,000 after purchasing an additional 245 shares in the last quarter. WR Wealth Planners LLC boosted its stake in Uber Technologies by 563.9% in the second quarter. WR Wealth Planners LLC now owns 405 shares of the ride-sharing company's stock worth $29,000 after buying an additional 344 shares in the last quarter. MCF Advisors LLC grew its position in Uber Technologies by 1,038.5% during the second quarter. MCF Advisors LLC now owns 444 shares of the ride-sharing company's stock valued at $32,000 after acquiring an additional 405 shares during the last quarter. Financial Management Professionals Inc. raised its stake in shares of Uber Technologies by 104.1% during the third quarter. Financial Management Professionals Inc. now owns 494 shares of the ride-sharing company's stock worth $37,000 after acquiring an additional 252 shares in the last quarter. Finally, Fairfield Financial Advisors LTD bought a new stake in shares of Uber Technologies in the 2nd quarter worth approximately $36,000. Hedge funds and other institutional investors own 80.24% of the company's stock.

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.