Uber Technologies (NYSE:UBER) Stock Price Up 1.3% - Time to Buy?

Shares of Uber Technologies, Inc. (NYSE:UBER - Get Free Report) traded up 1.3% during trading on Friday . The stock traded as high as $66.21 and last traded at $65.78. 10,741,521 shares were traded during mid-day trading, a decline of 59% from the average session volume of 25,969,965 shares. The stock had previously closed at $64.91.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on UBER shares. DA Davidson boosted their price target on shares of Uber Technologies from $82.00 to $84.00 and gave the stock a "buy" rating in a report on Wednesday, November 6th. Jefferies Financial Group increased their price target on Uber Technologies from $100.00 to $105.00 and gave the company a "buy" rating in a research report on Tuesday, October 22nd. Tigress Financial boosted their price objective on Uber Technologies from $96.00 to $103.00 and gave the stock a "buy" rating in a research report on Monday, November 25th. BMO Capital Markets reaffirmed an "outperform" rating and set a $92.00 target price on shares of Uber Technologies in a research report on Friday, October 11th. Finally, Needham & Company LLC reissued a "buy" rating and issued a $90.00 price target on shares of Uber Technologies in a report on Thursday, October 31st. Seven research analysts have rated the stock with a hold rating, thirty-one have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $91.53.

Uber Technologies Stock Performance

The company's 50-day moving average price is $67.06 and its two-hundred day moving average price is $70.56. The stock has a market cap of $138.89 billion, a PE ratio of 32.82, a PEG ratio of 0.75 and a beta of 1.36. 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 issued its quarterly 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. The firm had revenue of $11.19 billion during the quarter, compared to analyst estimates of $10.99 billion. Uber Technologies had a return on equity of 33.46% and a net margin of 10.49%. The company's revenue was up 20.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.10 earnings per share. On average, equities research analysts forecast that Uber Technologies, Inc. will post 1.89 EPS for the current year.

Insider Transactions at Uber Technologies

In related news, insider Jill Hazelbaker sold 27,780 shares of Uber Technologies stock in a transaction on Monday, November 25th. The shares were sold at an average price of $72.90, for a total value of $2,025,162.00. Following the transaction, the insider now owns 107,289 shares in the company, valued at $7,821,368.10. This trade represents a 20.57 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 3.84% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. RMR Wealth Builders increased its stake in Uber Technologies by 13.7% in the 4th quarter. RMR Wealth Builders now owns 15,482 shares of the ride-sharing company's stock worth $934,000 after purchasing an additional 1,869 shares during the period. Harbor Capital Advisors Inc. bought a new stake in Uber Technologies during the 4th quarter valued at $638,000. ST Germain D J Co. Inc. grew its holdings in Uber Technologies by 4.4% in the 4th quarter. ST Germain D J Co. Inc. now owns 302,861 shares of the ride-sharing company's stock worth $18,269,000 after acquiring an additional 12,688 shares during the last quarter. Fortitude Family Office LLC increased its position in shares of Uber Technologies by 32.1% in the fourth quarter. Fortitude Family Office LLC now owns 795 shares of the ride-sharing company's stock valued at $48,000 after acquiring an additional 193 shares during the period. Finally, Watts Gwilliam & Co. LLC increased its position in shares of Uber Technologies by 537.1% in the fourth quarter. Watts Gwilliam & Co. LLC now owns 72,943 shares of the ride-sharing company's stock valued at $4,825,000 after acquiring an additional 61,494 shares during the period. 80.24% of the stock is 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.