Uber Technologies (NYSE:UBER) Shares Up 1.2%

Shares of Uber Technologies, Inc. (NYSE:UBER) rose 1.2% on Tuesday . The stock traded as high as $70.64 and last traded at $70.07. Approximately 4,816,863 shares were traded during mid-day trading, a decline of 75% from the average daily volume of 19,129,170 shares. The stock had previously closed at $69.26.

Analyst Ratings Changes

UBER has been the subject of several recent research reports. Evercore ISI raised their price objective on Uber Technologies from $80.00 to $90.00 and gave the company an “outperform” rating in a research report on Wednesday, August 7th. Morgan Stanley lifted their price target on shares of Uber Technologies from $90.00 to $95.00 and gave the company an “overweight” rating in a research report on Tuesday, July 23rd. BMO Capital Markets restated an “outperform” rating and issued a $92.00 price objective on shares of Uber Technologies in a report on Tuesday, July 30th. UBS Group lowered their target price on shares of Uber Technologies from $100.00 to $95.00 and set a “buy” rating for the company in a report on Thursday, May 9th. Finally, The Goldman Sachs Group upped their price target on Uber Technologies from $85.00 to $90.00 and gave the stock a “buy” rating in a research note on Wednesday, August 7th. Four equities research analysts have rated the stock with a hold rating and thirty have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $87.47.

Uber Technologies Stock Performance

The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.21 and a current ratio of 1.21. The stock has a market cap of $151.97 billion, a P/E ratio of 117.19, a P/E/G ratio of 1.45 and a beta of 1.36. The business’s 50-day moving average price is $68.83 and its 200-day moving average price is $71.12.

Uber Technologies (NYSE:UBER) last issued its quarterly earnings results on Tuesday, August 6th. The ride-sharing company reported $0.47 EPS for the quarter, topping analysts’ consensus estimates of $0.31 by $0.16. The business had revenue of $10.70 billion during the quarter, compared to analysts’ expectations of $10.57 billion. Uber Technologies had a return on equity of 17.06% and a net margin of 5.02%. The business’s quarterly revenue was up 15.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.18 earnings per share. As a group, sell-side analysts expect that Uber Technologies, Inc. will post 0.89 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Uber Technologies news, CEO Dara Khosrowshahi sold 500,000 shares of the stock in a transaction on Monday, July 15th. The stock was sold at an average price of $71.91, for a total value of $35,955,000.00. Following the completion of the sale, the chief executive officer now owns 1,266,114 shares in the company, valued at approximately $91,046,257.74. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, insider Tony West sold 89,234 shares of the firm’s stock in a transaction on Thursday, June 6th. The shares were sold at an average price of $68.18, for a total transaction of $6,083,974.12. Following the completion of the transaction, the insider now directly owns 124,945 shares of the company’s stock, valued at $8,518,750.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Dara Khosrowshahi sold 500,000 shares of the business’s stock in a transaction on Monday, July 15th. The stock was sold at an average price of $71.91, for a total transaction of $35,955,000.00. Following the completion of the sale, the chief executive officer now owns 1,266,114 shares in the company, valued at approximately $91,046,257.74. The disclosure for this sale can be found here. Insiders sold a total of 1,117,234 shares of company stock worth $76,982,734 over the last three months. 3.84% of the stock is currently owned by company insiders.

Institutional Trading of Uber Technologies

A number of large investors have recently added to or reduced their stakes in UBER. Sender Co & Partners Inc. bought a new position in shares of Uber Technologies in the 2nd quarter valued at about $617,000. Shellback Capital LP bought a new stake in shares of Uber Technologies in the 2nd quarter valued at approximately $5,451,000. Legal & General Group Plc boosted its holdings in shares of Uber Technologies by 1.6% in the 2nd quarter. Legal & General Group Plc now owns 15,238,477 shares of the ride-sharing company’s stock worth $1,107,529,000 after purchasing an additional 237,976 shares during the period. The Manufacturers Life Insurance Company increased its position in shares of Uber Technologies by 3.2% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,294,878 shares of the ride-sharing company’s stock valued at $94,098,000 after purchasing an additional 39,791 shares during the last quarter. Finally, Maverick Capital Ltd. raised its holdings in Uber Technologies by 28.0% during the 2nd quarter. Maverick Capital Ltd. now owns 1,404,425 shares of the ride-sharing company’s stock valued at $102,074,000 after buying an additional 307,291 shares during the period. 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.