Uber Technologies (NYSE:UBER) Stock Price Up 3.9% - Still a Buy?

Shares of Uber Technologies, Inc. (NYSE:UBER - Get Free Report) were up 3.9% during mid-day trading on Tuesday . The stock traded as high as $70.07 and last traded at $68.23. Approximately 7,204,021 shares traded hands during trading, a decline of 64% from the average daily volume of 20,176,285 shares. The stock had previously closed at $65.64.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. The Goldman Sachs Group reaffirmed a "buy" rating and issued a $96.00 target price on shares of Uber Technologies in a research report on Thursday, January 2nd. Royal Bank of Canada reiterated an "outperform" rating and set a $82.00 price objective on shares of Uber Technologies in a research note on Thursday, February 6th. Citizens Jmp downgraded shares of Uber Technologies from a "strong-buy" rating to a "hold" rating in a research report on Thursday, January 2nd. JPMorgan Chase & Co. cut their target price on shares of Uber Technologies from $90.00 to $80.00 and set an "overweight" rating on the stock in a research note on Tuesday. Finally, Piper Sandler reiterated an "overweight" rating and issued a $87.00 price target (up from $80.00) on shares of Uber Technologies in a research note on Tuesday, February 18th. Ten investment analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $89.97.

Uber Technologies Stock Performance

The company has a fifty day moving average price of $73.94 and a two-hundred day moving average price of $71.47. The firm has a market cap of $151.15 billion, a price-to-earnings ratio of 15.85, a price-to-earnings-growth 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 announced its quarterly earnings data on Wednesday, February 5th. The ride-sharing company reported $3.21 EPS for the quarter, beating 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%. As a group, equities research analysts expect that Uber Technologies, Inc. will post 2.54 EPS for the current year.

Insider Activity

In other Uber Technologies news, insider Tony West sold 23,404 shares of Uber Technologies stock in a transaction that occurred on Thursday, March 13th. The shares were sold at an average price of $70.27, for a total transaction of $1,644,599.08. Following the transaction, the insider now directly owns 114,241 shares in the company, valued at approximately $8,027,715.07. The trade was a 17.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Jill Hazelbaker sold 31,000 shares of the stock in a transaction on Tuesday, February 18th. The shares were 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 owns 86,973 shares of the company's stock, valued at $7,046,552.46. The trade was a 26.28 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 77,154 shares of company stock valued at $5,793,869 over the last three months. Insiders own 3.84% of the company's stock.

Institutional Investors Weigh In On Uber Technologies

Several hedge funds have recently bought and sold shares of UBER. Avion Wealth lifted its stake in shares of Uber Technologies by 96.0% in the 4th quarter. Avion Wealth now owns 445 shares of the ride-sharing company's stock valued at $26,000 after purchasing an additional 218 shares during the last quarter. Transce3nd LLC acquired a new stake in Uber Technologies in the 4th quarter worth $27,000. Fourth Dimension Wealth LLC bought a new stake in shares of Uber Technologies during the fourth quarter valued at approximately $27,000. Runnymede Capital Advisors Inc. acquired a new stake in shares of Uber Technologies during the 4th quarter valued at about $28,000. Finally, GHP Investment Advisors Inc. grew its stake in shares of Uber Technologies by 85.1% in the 4th quarter. GHP Investment Advisors Inc. now owns 485 shares of the ride-sharing company's stock valued at $29,000 after purchasing an additional 223 shares during the period. 80.24% of the stock is 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.