Uber Technologies (NYSE:UBER) Stock Price Up 3.3% - Still a Buy?

Uber Technologies, Inc. (NYSE:UBER - Get Free Report)'s share price traded up 3.3% during mid-day trading on Tuesday . The company traded as high as $74.93 and last traded at $75.30. 3,722,072 shares changed hands during trading, a decline of 82% from the average session volume of 20,297,827 shares. The stock had previously closed at $72.92.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on UBER shares. Needham & Company LLC reissued a "buy" rating and issued a $90.00 target price on shares of Uber Technologies in a research note on Wednesday, April 9th. Arete Research upgraded shares of Uber Technologies to a "hold" rating in a research note on Tuesday, February 18th. Wolfe Research upped their price objective on Uber Technologies from $90.00 to $92.00 and gave the company an "outperform" rating in a research note on Friday, January 3rd. Fox Advisors downgraded Uber Technologies from an "overweight" rating to an "equal weight" rating in a research note on Tuesday, March 11th. Finally, Evercore ISI dropped their price target on Uber Technologies from $120.00 to $115.00 and set an "outperform" rating on the stock in a research note on Thursday, February 6th. Ten research analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Uber Technologies has a consensus rating of "Moderate Buy" and a consensus target price of $89.81.

Uber Technologies Trading Down 0.5 %

The firm has a market cap of $162.62 billion, a P/E ratio of 17.05, a PEG ratio of 0.89 and a beta of 1.37. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.07 and a quick ratio of 1.41. The stock has a 50 day moving average of $73.60 and a 200 day moving average of $71.50.

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

Insiders Place Their Bets

In related news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the business's stock in a transaction that occurred on Thursday, March 20th. The shares were sold at an average price of $75.00, for a total value of $206,250.00. Following the completion of the transaction, the chief financial officer now directly owns 22,162 shares in the company, valued at $1,662,150. The trade was a 11.04 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Tony West sold 23,404 shares of the business's stock in a transaction dated Thursday, March 13th. The stock was sold at an average price of $70.27, for a total value of $1,644,599.08. Following the completion of the transaction, the insider now directly owns 114,241 shares of the company's stock, valued at approximately $8,027,715.07. This trade represents a 17.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 77,154 shares of company stock worth $5,793,869 over the last three months. Company insiders own 3.84% of the company's stock.

Institutional Trading of Uber Technologies

Hedge funds and other institutional investors have recently modified their holdings of the company. Avion Wealth raised its stake in Uber Technologies by 96.0% during the 4th quarter. Avion Wealth now owns 445 shares of the ride-sharing company's stock valued at $26,000 after purchasing an additional 218 shares during the period. Transce3nd LLC bought a new stake in Uber Technologies in the 4th quarter valued at $27,000. Fourth Dimension Wealth LLC bought a new position in shares of Uber Technologies during the 4th quarter valued at about $27,000. Kozak & Associates Inc. grew its position in shares of Uber Technologies by 155.9% during the first quarter. Kozak & Associates Inc. now owns 366 shares of the ride-sharing company's stock valued at $27,000 after purchasing an additional 223 shares in the last quarter. Finally, Noble Wealth Management PBC purchased a new position in shares of Uber Technologies during the first quarter valued at about $27,000. 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.