Uber Technologies (NYSE:UBER) Trading 2% Higher - Should You Buy?

Uber Technologies, Inc. (NYSE:UBER - Get Free Report) traded up 2% during mid-day trading on Wednesday . The company traded as high as $67.18 and last traded at $66.39. 5,640,116 shares were traded during mid-day trading, a decline of 72% from the average session volume of 20,174,137 shares. The stock had previously closed at $65.07.

Analyst Upgrades and Downgrades

UBER has been the topic of a number of research analyst reports. Fox Advisors lowered shares of Uber Technologies from an "overweight" rating to an "equal weight" rating in a report on Tuesday, March 11th. UBS Group reissued a "buy" rating on shares of Uber Technologies in a report on Friday, February 21st. Arete Research raised Uber Technologies to a "hold" rating in a report on Tuesday, February 18th. Citizens Jmp downgraded shares of Uber Technologies from a "strong-buy" rating to a "hold" rating in a report on Thursday, January 2nd. Finally, KGI Securities reaffirmed a "neutral" rating and issued a $78.00 price objective on shares of Uber Technologies in a report on Tuesday, March 11th. Ten investment analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $89.97.

Uber Technologies Trading Up 1.9 %

The company has a current ratio of 1.07, a quick ratio of 1.41 and a debt-to-equity ratio of 0.37. The company has a fifty day moving average price of $73.94 and a two-hundred day moving average price of $71.47. The firm has a market capitalization of $151.15 billion, a price-to-earnings ratio of 15.85, a PEG ratio of 0.89 and a beta of 1.37.

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Uber Technologies (NYSE:UBER - Get Free Report) last issued its earnings results on Wednesday, February 5th. The ride-sharing company reported $3.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $2.71. Uber Technologies had a return on equity of 62.60% and a net margin of 22.41%. As a group, research analysts forecast that Uber Technologies, Inc. will post 2.54 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider Jill Hazelbaker sold 31,000 shares of the stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $81.02, for a total value of $2,511,620.00. Following the completion of the transaction, the insider now directly owns 86,973 shares in the company, valued at approximately $7,046,552.46. This represents a 26.28 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Tony West sold 23,404 shares of Uber Technologies stock in a transaction on Thursday, March 13th. The shares were sold at an average price of $70.27, for a total value of $1,644,599.08. Following the completion of the sale, the insider now owns 114,241 shares in the company, valued at $8,027,715.07. This represents a 17.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 77,154 shares of company stock worth $5,793,869. Insiders own 3.84% of the company's stock.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Avion Wealth lifted its holdings in shares of Uber Technologies by 96.0% in the 4th quarter. Avion Wealth now owns 445 shares of the ride-sharing company's stock worth $26,000 after acquiring an additional 218 shares during the last quarter. Transce3nd LLC purchased a new stake in Uber Technologies in the fourth quarter valued at approximately $27,000. Fourth Dimension Wealth LLC acquired a new position in Uber Technologies during the fourth quarter worth $27,000. Runnymede Capital Advisors Inc. purchased a new position in shares of Uber Technologies during the fourth quarter worth $28,000. Finally, GHP Investment Advisors Inc. grew its stake in shares of Uber Technologies by 85.1% in the fourth quarter. GHP Investment Advisors Inc. now owns 485 shares of the ride-sharing company's stock valued at $29,000 after buying an additional 223 shares in the last quarter. Hedge funds and other 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.