Uber Technologies (NYSE:UBER) Shares Up 3% - What's Next?

Uber Technologies, Inc. (NYSE:UBER - Get Free Report) shot up 3% during mid-day trading on Tuesday . The stock traded as high as $69.54 and last traded at $69.33. 7,667,450 shares changed hands during mid-day trading, a decline of 69% from the average session volume of 24,342,605 shares. The stock had previously closed at $67.29.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on UBER shares. Wolfe Research raised their price objective on shares of Uber Technologies from $90.00 to $92.00 and gave the company an "outperform" rating in a research note on Friday, January 3rd. Citizens Jmp lowered shares of Uber Technologies from a "strong-buy" rating to a "hold" rating in a research note on Thursday, January 2nd. Bank of America boosted their price objective on Uber Technologies from $88.00 to $96.00 and gave the stock a "buy" rating in a research report on Wednesday, October 23rd. Tigress Financial raised their target price on Uber Technologies from $96.00 to $103.00 and gave the stock a "buy" rating in a research report on Monday, November 25th. Finally, KeyCorp reduced their target price on Uber Technologies from $90.00 to $85.00 and set an "overweight" rating on the stock in a report on Friday, November 1st. 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, Uber Technologies currently has an average rating of "Moderate Buy" and a consensus price target of $90.89.

Uber Technologies Trading Down 7.5 %

The stock has a market cap of $135.82 billion, a price-to-earnings ratio of 32.09, a PEG ratio of 0.77 and a beta of 1.39. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.70. The business's 50 day simple moving average is $65.46 and its 200 day simple moving average is $70.11.

Uber Technologies (NYSE:UBER - Get Free Report) last posted its earnings results on Wednesday, February 5th. The ride-sharing company reported $3.21 earnings per share for the quarter, topping analysts' consensus estimates of $0.50 by $2.71. Uber Technologies had a net margin of 10.49% and a return on equity of 33.46%. On average, research analysts expect that Uber Technologies, Inc. will post 1.89 EPS for the current fiscal year.

Insider Transactions at Uber Technologies

In related news, insider Jill Hazelbaker sold 27,780 shares of the company's stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $72.90, for a total transaction of $2,025,162.00. Following the sale, the insider now directly owns 107,289 shares in the company, valued at approximately $7,821,368.10. This represents a 20.57 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 3.80% of the stock is owned by insiders.

Institutional Trading of Uber Technologies

Institutional investors and hedge funds have recently made changes to their positions in the stock. Avion Wealth boosted its position in Uber Technologies by 96.0% during the fourth quarter. Avion Wealth now owns 445 shares of the ride-sharing company's stock valued at $26,000 after buying an additional 218 shares during the period. GHP Investment Advisors Inc. boosted its holdings in Uber Technologies by 85.1% during the 4th quarter. GHP Investment Advisors Inc. now owns 485 shares of the ride-sharing company's stock valued at $29,000 after acquiring an additional 223 shares during the period. Kieckhefer Group LLC bought a new position in Uber Technologies during the 4th quarter worth approximately $33,000. Retirement Wealth Solutions LLC purchased a new position in Uber Technologies in the 4th quarter worth approximately $35,000. Finally, Financial Management Professionals Inc. lifted its position in Uber Technologies by 104.1% in the third quarter. Financial Management Professionals Inc. now owns 494 shares of the ride-sharing company's stock valued at $37,000 after purchasing an additional 252 shares during the last quarter. 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.