Uber Technologies (NYSE:UBER) Stock Price Up 1.7% - Here's What Happened

Uber Technologies, Inc. (NYSE:UBER - Get Free Report)'s share price shot up 1.7% during mid-day trading on Tuesday . The stock traded as high as $81.38 and last traded at $80.78. 6,424,988 shares were traded during mid-day trading, a decline of 78% from the average session volume of 29,562,920 shares. The stock had previously closed at $79.42.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on UBER. The Goldman Sachs Group restated a "buy" rating and issued a $96.00 price objective on shares of Uber Technologies in a research note on Thursday, January 2nd. Benchmark restated a "hold" rating on shares of Uber Technologies in a research note on Friday, January 31st. Tigress Financial raised their price objective on shares of Uber Technologies from $96.00 to $103.00 and gave the stock a "buy" rating in a research note on Monday, November 25th. Citigroup lowered their price objective on shares of Uber Technologies from $98.00 to $92.00 and set a "buy" rating on the stock in a research note on Thursday, February 6th. Finally, Wolfe Research lifted their price target on shares of Uber Technologies from $90.00 to $92.00 and gave the stock an "outperform" rating in a research note on Friday, January 3rd. Eight research analysts have rated the stock with a hold rating, twenty-eight have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $90.91.

Uber Technologies Price Performance

The company has a market capitalization of $164.79 billion, a price-to-earnings ratio of 17.30, a price-to-earnings-growth ratio of 0.89 and a beta of 1.39. The company has a 50-day moving average price of $67.67 and a 200-day moving average price of $71.11. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.41 and a current ratio of 1.07.

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

Insider Activity at Uber Technologies

In other Uber Technologies news, insider Jill Hazelbaker sold 31,000 shares of the business's stock in a transaction that occurred 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 sale, 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 position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 3.84% of the stock is owned by insiders.

Institutional Investors Weigh In On Uber Technologies

Institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in shares of Uber Technologies by 1.3% during the 4th quarter. Vanguard Group Inc. now owns 180,766,683 shares of the ride-sharing company's stock worth $10,903,846,000 after purchasing an additional 2,364,525 shares in the last quarter. Capital Research Global Investors raised its stake in Uber Technologies by 79.0% in the 4th quarter. Capital Research Global Investors now owns 118,131,681 shares of the ride-sharing company's stock valued at $7,125,728,000 after acquiring an additional 52,125,476 shares during the period. Geode Capital Management LLC raised its stake in Uber Technologies by 2.5% in the 4th quarter. Geode Capital Management LLC now owns 43,561,447 shares of the ride-sharing company's stock valued at $2,621,929,000 after acquiring an additional 1,061,088 shares during the period. Capital World Investors raised its stake in Uber Technologies by 10.1% in the 4th quarter. Capital World Investors now owns 30,355,075 shares of the ride-sharing company's stock valued at $1,831,021,000 after acquiring an additional 2,792,039 shares during the period. Finally, Edgewood Management LLC raised its stake in Uber Technologies by 10.5% in the 3rd quarter. Edgewood Management LLC now owns 27,552,060 shares of the ride-sharing company's stock valued at $2,070,813,000 after acquiring an additional 2,627,768 shares during the period. Institutional investors own 80.24% of the company's stock.

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.