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

Uber Technologies, Inc. (NYSE:UBER - Get Free Report) shares were up 1.2% during mid-day trading on Wednesday . The company traded as high as $74.45 and last traded at $73.89. Approximately 3,969,747 shares traded hands during trading, a decline of 80% from the average daily volume of 20,037,439 shares. The stock had previously closed at $72.99.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the company. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $82.00 target price on shares of Uber Technologies in a research report on Thursday, February 6th. Needham & Company LLC reaffirmed a "buy" rating and set a $90.00 price objective on shares of Uber Technologies in a report on Wednesday, February 5th. Benchmark reiterated a "hold" rating on shares of Uber Technologies in a research report on Friday, January 31st. Piper Sandler reissued an "overweight" rating and issued a $87.00 price target (up previously from $80.00) on shares of Uber Technologies in a research report on Tuesday, February 18th. Finally, JPMorgan Chase & Co. decreased their price objective on Uber Technologies from $95.00 to $90.00 and set an "overweight" rating on the stock in a report on Thursday, February 6th. Ten investment analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $90.41.

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Uber Technologies Stock Performance

The firm has a fifty day moving average of $73.83 and a 200-day moving average of $71.81. The company has a quick ratio of 1.41, a current ratio of 1.07 and a debt-to-equity ratio of 0.37. The firm has a market cap of $146.17 billion, a P/E ratio of 15.32, a PEG ratio of 0.89 and a beta of 1.39.

Uber Technologies (NYSE:UBER - Get Free Report) last issued its quarterly earnings results on Wednesday, February 5th. The ride-sharing company reported $3.21 EPS for the quarter, topping 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%. Research analysts predict that Uber Technologies, Inc. will post 2.54 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, insider Jill Hazelbaker sold 31,000 shares of Uber Technologies stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $81.02, for a total transaction of $2,511,620.00. Following the transaction, the insider now owns 86,973 shares of the company's stock, valued at $7,046,552.46. This trade represents a 26.28 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the company'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 transaction of $206,250.00. Following the completion of the sale, the chief financial officer now directly owns 22,162 shares of the company's stock, valued at $1,662,150. The trade was a 11.04 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 77,154 shares of company stock valued at $5,793,869. Company insiders own 3.84% of the company's stock.

Institutional Trading of Uber Technologies

A number of large investors have recently made changes to their positions in UBER. Avion Wealth grew its stake in Uber Technologies by 96.0% in the fourth quarter. Avion Wealth now owns 445 shares of the ride-sharing company's stock valued at $26,000 after acquiring an additional 218 shares during the period. Transce3nd LLC acquired a new position in shares of Uber Technologies in the 4th quarter valued at approximately $27,000. Fourth Dimension Wealth LLC bought a new stake in Uber Technologies during the 4th quarter worth approximately $27,000. Runnymede Capital Advisors Inc. bought a new stake in Uber Technologies during the 4th quarter worth approximately $28,000. Finally, GHP Investment Advisors Inc. lifted its stake in 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. Institutional investors own 80.24% of the company's stock.

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.