Uber Technologies (NYSE:UBER) Trading Up 1.2% - What's Next?

Uber Technologies, Inc. (NYSE:UBER - Get Free Report) traded up 1.2% on Tuesday . The company traded as high as $74.72 and last traded at $74.00. 4,504,900 shares traded hands during trading, a decline of 78% from the average session volume of 20,286,729 shares. The stock had previously closed at $73.10.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on UBER shares. DA Davidson dropped their price objective on Uber Technologies from $84.00 to $80.00 and set a "buy" rating on the stock in a research note on Thursday, February 6th. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $80.00 price objective on shares of Uber Technologies in a research report on Wednesday. Arete Research raised shares of Uber Technologies to a "hold" rating in a research note on Tuesday, February 18th. Wolfe Research increased their price objective on shares of Uber Technologies from $90.00 to $92.00 and gave the stock an "outperform" rating in a research report on Friday, January 3rd. Finally, Wells Fargo & Company boosted their target price on Uber Technologies from $87.00 to $90.00 and gave the company an "overweight" rating in a research report on Thursday, April 3rd. Ten 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 stock. According to data from MarketBeat, Uber Technologies currently has an average rating of "Moderate Buy" and an average price target of $89.81.

Uber Technologies Stock Up 3.0 %

The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.41 and a current ratio of 1.07. The firm has a market capitalization of $157.47 billion, a P/E ratio of 16.51, a PEG ratio of 0.89 and a beta of 1.37. The stock has a 50 day moving average of $74.06 and a 200-day moving average of $71.46.

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

Insider Transactions at Uber Technologies

In other news, insider Jill Hazelbaker sold 31,000 shares of Uber Technologies stock in a transaction dated 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 transaction, the insider now owns 86,973 shares in the company, valued at approximately $7,046,552.46. The trade was a 26.28 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Tony West sold 23,404 shares of the business's stock in a transaction dated 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 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. In the last ninety days, insiders sold 77,154 shares of company stock valued at $5,793,869. Insiders own 3.84% of the company's stock.

Institutional Trading of Uber Technologies

Institutional investors and hedge funds have recently bought and sold shares of the stock. Broderick Brian C purchased a new stake in Uber Technologies in the first quarter worth about $992,000. Cornerstone Wealth Management LLC raised its holdings in shares of Uber Technologies by 5.0% during the first quarter. Cornerstone Wealth Management LLC now owns 4,423 shares of the ride-sharing company's stock valued at $322,000 after purchasing an additional 210 shares during the last quarter. Shepherd Financial Partners LLC purchased a new position in shares of Uber Technologies in the 1st quarter worth $475,000. Clarius Group LLC increased its position in shares of Uber Technologies by 58.8% during the 1st quarter. Clarius Group LLC now owns 12,720 shares of the ride-sharing company's stock valued at $927,000 after purchasing an additional 4,711 shares during the last quarter. Finally, Hemenway Trust Co LLC bought a new position in Uber Technologies in the first quarter worth approximately $3,440,000. 80.24% of the stock is currently 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.