Uber Technologies (NYSE:UBER) Trading Up 3.2% - Here's What Happened

Uber Technologies, Inc. (NYSE:UBER - Get Free Report) rose 3.2% during trading on Wednesday . The company traded as high as $67.25 and last traded at $66.89. Approximately 6,210,656 shares were traded during trading, a decline of 76% from the average daily volume of 25,911,826 shares. The stock had previously closed at $64.84.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on UBER. Cantor Fitzgerald restated an "overweight" rating and issued a $90.00 price target on shares of Uber Technologies in a research report on Wednesday, December 18th. Gordon Haskett upgraded shares of Uber Technologies from a "hold" rating to a "buy" rating and set a $85.00 target price on the stock in a report on Thursday, October 31st. Citizens Jmp downgraded shares of Uber Technologies from a "strong-buy" rating to a "hold" rating in a report on Thursday, January 2nd. Truist Financial reduced their price objective on Uber Technologies from $99.00 to $95.00 and set a "buy" rating on the stock in a research note on Friday, November 1st. Finally, BMO Capital Markets reaffirmed an "outperform" rating and issued a $92.00 price objective on shares of Uber Technologies in a research note on Friday, October 11th. Seven investment analysts have rated the stock with a hold rating, thirty-one have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $91.53.

Uber Technologies Stock Up 3.4 %

The company's 50-day moving average is $66.43 and its 200 day moving average is $70.41. The stock has a market capitalization of $141.21 billion, a PE ratio of 33.36, a price-to-earnings-growth ratio of 0.75 and a beta of 1.36. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.70.

Uber Technologies (NYSE:UBER - Get Free Report) last released its earnings results on Thursday, October 31st. The ride-sharing company reported $1.20 EPS for the quarter, topping analysts' consensus estimates 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 during the quarter, compared to the consensus estimate of $10.99 billion. During the same quarter in the previous year, the company posted $0.10 earnings per share. The company's revenue was up 20.4% compared to the same quarter last year. As a group, analysts anticipate that Uber Technologies, Inc. will post 1.89 EPS for the current year.

Insider Transactions at Uber Technologies

In other 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 sale, the insider now owns 107,289 shares in the company, valued at $7,821,368.10. This represents a 20.57 % decrease in their ownership of the stock. The sale was disclosed in a filing 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 large investors have recently bought and sold shares of UBER. Joule Financial LLC increased its holdings in shares of Uber Technologies by 3.2% during the 4th quarter. Joule Financial LLC now owns 23,664 shares of the ride-sharing company's stock valued at $1,427,000 after purchasing an additional 729 shares in the last quarter. Whitaker Myers Wealth Managers LTD. purchased a new position in Uber Technologies in the fourth quarter valued at $570,000. Udine Wealth Management Inc. raised its position in shares of Uber Technologies by 31.0% in the fourth quarter. Udine Wealth Management Inc. now owns 33,857 shares of the ride-sharing company's stock worth $2,042,000 after acquiring an additional 8,020 shares during the period. Krilogy Financial LLC boosted its stake in shares of Uber Technologies by 10.5% during the 4th quarter. Krilogy Financial LLC now owns 38,145 shares of the ride-sharing company's stock worth $2,301,000 after acquiring an additional 3,632 shares in the last quarter. Finally, Ameritas Advisory Services LLC grew its position in shares of Uber Technologies by 47.2% during the 4th quarter. Ameritas Advisory Services LLC now owns 7,921 shares of the ride-sharing company's stock valued at $478,000 after acquiring an additional 2,541 shares during the period. 80.24% of the stock is owned by institutional investors and hedge funds.

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.