Uber Technologies (NYSE:UBER) Trading Up 0.8% - Here's What Happened

Uber Technologies, Inc. (NYSE:UBER - Get Free Report)'s share price traded up 0.8% during trading on Monday . The stock traded as high as $69.32 and last traded at $69.14. 7,964,164 shares traded hands during trading, a decline of 67% from the average session volume of 23,946,717 shares. The stock had previously closed at $68.56.

Wall Street Analyst Weigh In

Several research firms have recently commented on UBER. Wolfe Research raised their target price on shares of Uber Technologies from $90.00 to $92.00 and gave the stock an "outperform" rating in a research note on Friday, January 3rd. The Goldman Sachs Group reaffirmed a "buy" rating and set a $96.00 price target on shares of Uber Technologies in a research note on Thursday, January 2nd. BMO Capital Markets reaffirmed an "outperform" rating and issued a $92.00 target price on shares of Uber Technologies in a research note on Friday, October 11th. Bank of America lifted their price target on shares of Uber Technologies from $88.00 to $96.00 and gave the stock a "buy" rating in a report on Wednesday, October 23rd. Finally, Wells Fargo & Company reduced their target price on Uber Technologies from $97.00 to $90.00 and set an "overweight" rating on the stock in a research report on Friday, November 1st. Seven investment analysts have rated the stock with a hold rating, thirty-one have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Uber Technologies presently has an average rating of "Moderate Buy" and an average target price of $91.08.

Uber Technologies Trading Down 2.0 %

The firm's 50 day simple moving average is $65.83 and its two-hundred day simple moving average is $70.19. 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 stock has a market cap of $140.50 billion, a P/E ratio of 33.20, a price-to-earnings-growth ratio of 0.77 and a beta of 1.36.

Uber Technologies (NYSE:UBER - Get Free Report) last released its quarterly earnings data on Thursday, October 31st. The ride-sharing company reported $1.20 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.41 by $0.79. The business 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 business's revenue for the quarter was up 20.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.10 EPS. As a group, equities research analysts predict that Uber Technologies, Inc. will post 1.86 earnings per share for the current fiscal year.

Insider Transactions at Uber Technologies

In other news, insider Jill Hazelbaker sold 27,780 shares of the business's 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 sale, the insider now owns 107,289 shares of the company's stock, valued at approximately $7,821,368.10. The trade was a 20.57 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 3.84% of the company's stock.

Hedge Funds Weigh In On Uber Technologies

Several large investors have recently made changes to their positions in UBER. CENTRAL TRUST Co raised its holdings in Uber Technologies by 12.3% during the 3rd quarter. CENTRAL TRUST Co now owns 1,160 shares of the ride-sharing company's stock worth $87,000 after buying an additional 127 shares during the period. Procyon Advisors LLC grew its stake in Uber Technologies by 2.1% in the third quarter. Procyon Advisors LLC now owns 6,326 shares of the ride-sharing company's stock valued at $476,000 after purchasing an additional 131 shares in the last quarter. DT Investment Partners LLC grew its stake in shares of Uber Technologies by 21.4% in the 3rd quarter. DT Investment Partners LLC now owns 821 shares of the ride-sharing company's stock valued at $62,000 after buying an additional 145 shares in the last quarter. Jmac Enterprises LLC increased its stake in shares of Uber Technologies by 2.1% during the 3rd quarter. Jmac Enterprises LLC now owns 7,340 shares of the ride-sharing company's stock worth $552,000 after purchasing an additional 150 shares during the last quarter. Finally, Canopy Partners LLC raised its holdings in Uber Technologies by 2.2% during the third quarter. Canopy Partners LLC now owns 6,958 shares of the ride-sharing company's stock valued at $523,000 after buying an additional 151 shares in the last quarter. Institutional investors own 80.24% of the company's stock.

Uber Technologies Company Profile

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.

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