Uber Technologies (NYSE:UBER) Trading 1.2% Higher - Still a Buy?

Uber Technologies, Inc. (NYSE:UBER - Get Free Report) shares rose 1.2% during mid-day trading on Monday . The company traded as high as $73.65 and last traded at $73.18. Approximately 2,788,029 shares changed hands during trading, a decline of 86% from the average daily volume of 20,311,314 shares. The stock had previously closed at $72.28.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. JMP Securities reiterated a "market perform" rating on shares of Uber Technologies in a research note on Thursday, February 6th. TD Cowen cut their price target on Uber Technologies from $90.00 to $88.00 and set a "buy" rating on the stock in a research report on Tuesday, April 8th. The Goldman Sachs Group reissued a "buy" rating and issued a $96.00 price objective on shares of Uber Technologies in a report on Thursday, January 2nd. Fox Advisors lowered Uber Technologies from an "overweight" rating to an "equal weight" rating in a report on Tuesday, March 11th. Finally, Wells Fargo & Company lifted their price target on Uber Technologies from $87.00 to $90.00 and gave the company an "overweight" rating in a research report on Thursday, April 3rd. Ten investment analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, Uber Technologies has an average rating of "Moderate Buy" and a consensus target price of $89.81.

Uber Technologies Stock Down 0.0 %

The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.41 and a current ratio of 1.07. The firm has a market capitalization of $154.76 billion, a PE ratio of 16.18, a P/E/G ratio of 0.89 and a beta of 1.37. The business's 50 day moving average price is $74.19 and its 200-day moving average price is $71.44.

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Uber Technologies (NYSE:UBER - Get Free Report) last released its quarterly 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, equities research analysts forecast that Uber Technologies, Inc. will post 2.54 earnings per share for the current year.

Insider Transactions at Uber Technologies

In other news, SVP Nikki Krishnamurthy sold 20,000 shares of Uber Technologies stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $71.57, for a total value of $1,431,400.00. Following the completion of the transaction, the senior vice president now owns 361,908 shares in the company, valued at approximately $25,901,755.56. This trade represents a 5.24 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, 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 transaction of $2,511,620.00. Following the sale, the insider now owns 86,973 shares in the company, valued at $7,046,552.46. The trade was a 26.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 77,154 shares of company stock valued at $5,793,869. 3.84% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in UBER. M&T Bank Corp increased its holdings in Uber Technologies by 4.8% in the third quarter. M&T Bank Corp now owns 175,104 shares of the ride-sharing company's stock valued at $13,161,000 after buying an additional 7,968 shares during the last quarter. Invst LLC increased its holdings in shares of Uber Technologies by 5.0% in the 3rd quarter. Invst LLC now owns 4,108 shares of the ride-sharing company's stock valued at $309,000 after acquiring an additional 197 shares during the last quarter. Advisory Resource Group raised its position in shares of Uber Technologies by 1.6% during the 3rd quarter. Advisory Resource Group now owns 13,993 shares of the ride-sharing company's stock worth $1,052,000 after acquiring an additional 222 shares in the last quarter. Virtu Financial LLC purchased a new stake in Uber Technologies during the third quarter worth approximately $1,328,000. Finally, SkyView Investment Advisors LLC boosted its holdings in Uber Technologies by 3.0% in the third quarter. SkyView Investment Advisors LLC now owns 30,280 shares of the ride-sharing company's stock valued at $2,276,000 after purchasing an additional 875 shares in the last quarter. Institutional investors and hedge funds 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.