Uber Technologies (NYSE:UBER) Trading Up 3% - What's Next?

Shares of Uber Technologies, Inc. (NYSE:UBER - Get Free Report) rose 3% during trading on Thursday . The stock traded as high as $75.54 and last traded at $75.25. Approximately 5,098,070 shares changed hands during trading, a decline of 74% from the average daily volume of 19,501,073 shares. The stock had previously closed at $73.02.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on UBER. KGI Securities restated a "neutral" rating and issued a $78.00 target price on shares of Uber Technologies in a report on Tuesday, March 11th. Benchmark reissued a "hold" rating on shares of Uber Technologies in a research note on Friday, January 31st. Wolfe Research raised 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 cut Uber Technologies from an "overweight" rating to an "equal weight" rating in a report on Tuesday, March 11th. Finally, Truist Financial increased their price target on Uber Technologies from $90.00 to $92.00 and gave the company a "buy" rating in a report on Thursday, March 6th. Ten equities research 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 company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $90.31.

Uber Technologies Stock Performance

The business has a 50-day moving average of $72.64 and a two-hundred day moving average of $71.59. 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 company has a market cap of $158.65 billion, a P/E ratio of 16.65, a P/E/G ratio of 0.89 and a beta of 1.39.

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Uber Technologies (NYSE:UBER - Get Free Report) last posted its quarterly earnings data 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%. On average, sell-side analysts predict that Uber Technologies, Inc. will post 2.54 EPS for the current fiscal year.

Insider Activity

In other news, insider Jill Hazelbaker sold 31,000 shares of the 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 directly owns 86,973 shares of the company's stock, 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 document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Nikki Krishnamurthy sold 20,000 shares of the stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $71.57, for a total transaction of $1,431,400.00. Following the completion of the transaction, the senior vice president now owns 361,908 shares in the company, valued at approximately $25,901,755.56. This trade represents a 5.24 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 74,404 shares of company stock worth $5,587,619. Insiders own 3.84% of the company's stock.

Institutional Trading of Uber Technologies

Large investors have recently made changes to their positions in the business. Ontario Teachers Pension Plan Board acquired a new stake in Uber Technologies during the 3rd quarter worth about $327,000. Nwam LLC grew its holdings in Uber Technologies by 5.6% during the third quarter. Nwam LLC now owns 10,559 shares of the ride-sharing company's stock worth $794,000 after acquiring an additional 562 shares during the period. Nicolet Advisory Services LLC raised its position in Uber Technologies by 3.6% during the third quarter. Nicolet Advisory Services LLC now owns 5,660 shares of the ride-sharing company's stock valued at $413,000 after acquiring an additional 199 shares in the last quarter. Great Valley Advisor Group Inc. lifted its holdings in Uber Technologies by 11.5% in the third quarter. Great Valley Advisor Group Inc. now owns 44,611 shares of the ride-sharing company's stock valued at $3,353,000 after acquiring an additional 4,584 shares during the period. Finally, Cerity Partners LLC lifted its holdings in Uber Technologies by 36.0% in the third quarter. Cerity Partners LLC now owns 430,206 shares of the ride-sharing company's stock valued at $32,334,000 after acquiring an additional 113,989 shares during the period. 80.24% of the stock is owned by hedge funds and other institutional investors.

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.