Uber Technologies (NYSE:UBER) Trading Up 0.8% - What's Next?

Shares of Uber Technologies, Inc. (NYSE:UBER - Get Free Report) traded up 0.8% on Friday . The company traded as high as $80.55 and last traded at $78.74. 7,583,736 shares were traded during mid-day trading, a decline of 63% from the average session volume of 20,274,722 shares. The stock had previously closed at $78.10.

Analyst Ratings Changes

Several equities analysts have commented on UBER shares. 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. KeyCorp lowered their target price on Uber Technologies from $85.00 to $80.00 and set an "overweight" rating for the company in a research note on Tuesday, April 15th. DA Davidson reduced their price target on Uber Technologies from $84.00 to $80.00 and set a "buy" rating on the stock in a research report on Thursday, February 6th. Fox Advisors cut shares of Uber Technologies from an "overweight" rating to an "equal weight" rating in a report on Tuesday, March 11th. Finally, TD Cowen lowered their price target on shares of Uber Technologies from $90.00 to $88.00 and set a "buy" rating for the company in a report on Tuesday, April 8th. 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 company's stock. According to data from MarketBeat, Uber Technologies presently has a consensus rating of "Moderate Buy" and a consensus price target of $89.81.

Uber Technologies Trading Up 1.1 %

The business's 50-day simple moving average is $73.68 and its two-hundred day simple moving average is $71.49. The stock has a market capitalization of $165.12 billion, a price-to-earnings ratio of 17.27, 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.

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

Insider Buying and Selling

In other news, insider Jill Hazelbaker sold 31,000 shares of the firm's stock in a transaction 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 sale, the insider now directly owns 86,973 shares in the company, valued at approximately $7,046,552.46. This trade represents a 26.28 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, SVP Nikki Krishnamurthy sold 20,000 shares of Uber Technologies stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $71.57, for a total value of $1,431,400.00. Following the completion of the sale, the senior vice president now owns 361,908 shares of the company's stock, valued at approximately $25,901,755.56. The trade was a 5.24 % decrease in their ownership of the stock. 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 Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Navalign LLC boosted its stake in Uber Technologies by 0.5% in the fourth quarter. Navalign LLC now owns 25,468 shares of the ride-sharing company's stock worth $1,536,000 after buying an additional 126 shares in the last quarter. Grove Bank & Trust grew its stake in shares of Uber Technologies by 0.9% in the first quarter. Grove Bank & Trust now owns 14,139 shares of the ride-sharing company's stock worth $1,030,000 after purchasing an additional 133 shares during the last quarter. Amplius Wealth Advisors LLC increased its holdings in Uber Technologies by 3.6% during the 1st quarter. Amplius Wealth Advisors LLC now owns 4,140 shares of the ride-sharing company's stock valued at $302,000 after purchasing an additional 145 shares during the period. Welch & Forbes LLC raised its position in Uber Technologies by 3.9% during the 4th quarter. Welch & Forbes LLC now owns 3,936 shares of the ride-sharing company's stock valued at $237,000 after purchasing an additional 148 shares during the last quarter. Finally, Carlton Hofferkamp & Jenks Wealth Management LLC lifted its holdings in Uber Technologies by 3.5% in the 4th quarter. Carlton Hofferkamp & Jenks Wealth Management LLC now owns 4,381 shares of the ride-sharing company's stock worth $282,000 after buying an additional 150 shares during the period. Institutional investors and hedge funds 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.

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