Uber Technologies (NYSE:UBER) Trading Up 3.9% - Should You Buy?

Uber Technologies, Inc. (NYSE:UBER - Get Free Report) was up 3.9% during mid-day trading on Wednesday . The stock traded as high as $63.94 and last traded at $63.43. Approximately 13,107,919 shares traded hands during mid-day trading, a decline of 31% from the average daily volume of 19,131,973 shares. The stock had previously closed at $61.03.

Analyst Upgrades and Downgrades

UBER has been the topic of a number of recent research reports. Bank of America upped their target price on shares of Uber Technologies from $88.00 to $96.00 and gave the stock a "buy" rating in a research note on Wednesday, October 23rd. Raymond James started coverage on shares of Uber Technologies in a research report on Tuesday, September 24th. They issued a "strong-buy" rating and a $90.00 price objective on the stock. Royal Bank of Canada lifted their price objective 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. UBS Group boosted their target price on shares of Uber Technologies from $102.00 to $114.00 and gave the stock a "buy" rating in a research note on Friday, October 18th. Finally, Jefferies Financial Group raised their price target on Uber Technologies from $100.00 to $105.00 and gave the company a "buy" rating in a research note on Tuesday, October 22nd. Six equities research analysts have rated the stock with a hold rating, thirty-two have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, Uber Technologies has an average rating of "Moderate Buy" and a consensus price target of $90.51.

Uber Technologies Stock Performance

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 company has a market capitalization of $128.93 billion, a price-to-earnings ratio of 30.46, a PEG ratio of 0.75 and a beta of 1.33. The stock has a fifty day moving average price of $72.95 and a two-hundred day moving average price of $71.37.

Uber Technologies (NYSE:UBER - Get Free Report) last announced its earnings results on Thursday, October 31st. The ride-sharing company reported $1.20 earnings per share for the quarter, beating the consensus estimate of $0.41 by $0.79. Uber Technologies had a net margin of 10.49% and a return on equity of 33.46%. 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 EPS. The firm's revenue for the quarter was up 20.4% on a year-over-year basis. As a group, analysts forecast that Uber Technologies, Inc. will post 1.89 EPS for the current fiscal year.

Insider Activity at Uber Technologies

In other news, insider Jill Hazelbaker sold 27,780 shares of Uber Technologies stock in a transaction on 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 completion of the sale, the insider now owns 107,289 shares of the company's stock, valued at $7,821,368.10. The trade was a 20.57 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 3.80% of the company's stock.

Institutional Trading of Uber Technologies

Several hedge funds and other institutional investors have recently added to or reduced their stakes in UBER. Geode Capital Management LLC boosted its position in shares of Uber Technologies by 2.1% in the third quarter. Geode Capital Management LLC now owns 42,500,359 shares of the ride-sharing company's stock worth $3,184,013,000 after acquiring an additional 893,652 shares during the last quarter. Edgewood Management LLC raised its stake in Uber Technologies by 10.5% during the third quarter. Edgewood Management LLC now owns 27,552,060 shares of the ride-sharing company's stock worth $2,070,813,000 after purchasing an additional 2,627,768 shares during the period. Legal & General Group Plc boosted its holdings in shares of Uber Technologies by 1.6% in the 2nd quarter. Legal & General Group Plc now owns 15,238,477 shares of the ride-sharing company's stock valued at $1,107,529,000 after purchasing an additional 237,976 shares during the last quarter. Janus Henderson Group PLC grew its stake in shares of Uber Technologies by 18.3% during the 3rd quarter. Janus Henderson Group PLC now owns 13,286,812 shares of the ride-sharing company's stock valued at $998,767,000 after buying an additional 2,056,273 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of Uber Technologies by 14.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 12,498,209 shares of the ride-sharing company's stock worth $939,365,000 after buying an additional 1,601,747 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.