Uber Technologies (NYSE:UBER) Shares Up 1.1% - What's Next?

Uber Technologies, Inc. (NYSE:UBER - Get Free Report)'s share price rose 1.1% during trading on Friday . The company traded as high as $68.96 and last traded at $69.07. Approximately 4,366,853 shares changed hands during mid-day trading, a decline of 82% from the average daily volume of 24,337,238 shares. The stock had previously closed at $68.30.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the company. JMP Securities cut Uber Technologies from an "outperform" rating to a "market perform" rating and set a $95.00 price target for the company. in a report on Thursday, January 2nd. Citizens Jmp downgraded Uber Technologies from a "strong-buy" rating to a "hold" rating in a report on Thursday, January 2nd. KeyCorp lowered their price target on shares of Uber Technologies from $90.00 to $85.00 and set an "overweight" rating for the company in a research report on Friday, November 1st. Royal Bank of Canada increased their price target on Uber Technologies from $80.00 to $82.00 and gave the company an "outperform" rating in a research note on Friday, November 1st. Finally, Jefferies Financial Group lifted their price objective on Uber Technologies from $100.00 to $105.00 and gave the stock a "buy" rating in a research note on Tuesday, October 22nd. Seven investment analysts have rated the stock with a hold rating, thirty-one have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $91.53.

Uber Technologies Stock Up 0.4 %

The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.70. The company has a market capitalization of $144.42 billion, a price-to-earnings ratio of 34.12, a PEG ratio of 0.77 and a beta of 1.36. The firm's 50-day moving average price is $65.86 and its 200 day moving average price is $70.26.

Uber Technologies (NYSE:UBER - Get Free Report) last issued 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 net margin of 10.49% and a return on equity of 33.46%. The firm's quarterly revenue was up 20.4% on a year-over-year basis. During the same quarter last year, the business earned $0.10 EPS. On average, sell-side analysts forecast that Uber Technologies, Inc. will post 1.86 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 dated Monday, November 25th. The stock was sold at an average price of $72.90, for a total transaction 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 3.84% of the company's stock.

Institutional Investors Weigh In On Uber Technologies

A number of institutional investors and hedge funds have recently bought and sold shares of UBER. Kieckhefer Group LLC purchased a new position in shares of Uber Technologies during the 4th quarter valued at $33,000. Retirement Wealth Solutions LLC bought a new stake in Uber Technologies during the 4th quarter valued at $35,000. Financial Management Professionals Inc. boosted its holdings in shares of Uber Technologies by 104.1% in the third quarter. Financial Management Professionals Inc. now owns 494 shares of the ride-sharing company's stock worth $37,000 after acquiring an additional 252 shares during the period. Transcendent Capital Group LLC grew its position in shares of Uber Technologies by 3,928.6% in the third quarter. Transcendent Capital Group LLC now owns 564 shares of the ride-sharing company's stock valued at $42,000 after purchasing an additional 550 shares in the last quarter. Finally, Crews Bank & Trust bought a new stake in shares of Uber Technologies during the 4th quarter valued at $42,000. 80.24% of the stock is owned by hedge funds and other 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.