Uber Technologies (NYSE:UBER) Trading 1.2% Higher

Uber Technologies, Inc. (NYSE:UBER) traded up 1.2% on Monday . The stock traded as high as $73.42 and last traded at $73.13. 12,676,900 shares were traded during trading, a decline of 32% from the average session volume of 18,565,889 shares. The stock had previously closed at $72.24.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. Loop Capital decreased their price target on Uber Technologies from $88.00 to $83.00 and set a “buy” rating for the company in a report on Thursday, May 16th. BMO Capital Markets reaffirmed an “outperform” rating and set a $92.00 price target on shares of Uber Technologies in a report on Tuesday, July 30th. Bank of America reissued a “buy” rating and issued a $88.00 target price on shares of Uber Technologies in a report on Friday, August 23rd. Jefferies Financial Group reduced their target price on Uber Technologies from $103.00 to $100.00 and set a “buy” rating for the company in a report on Thursday, May 9th. Finally, Truist Financial raised their target price on Uber Technologies from $86.00 to $88.00 and gave the company a “buy” rating in a report on Wednesday, August 7th. Four analysts have rated the stock with a hold rating and thirty have assigned a buy rating to the stock. Based on data from MarketBeat, Uber Technologies has a consensus rating of “Moderate Buy” and a consensus price target of $87.50.

Uber Technologies Stock Up 1.2 %

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 firm has a fifty day simple moving average of $69.50 and a 200-day simple moving average of $71.42. The company has a market capitalization of $152.81 billion, a PE ratio of 117.95, a P/E/G ratio of 1.32 and a beta of 1.36.

Uber Technologies (NYSE:UBER) last posted its quarterly earnings data on Tuesday, August 6th. The ride-sharing company reported $0.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.31 by $0.16. Uber Technologies had a return on equity of 17.06% and a net margin of 5.02%. The company had revenue of $10.70 billion for the quarter, compared to the consensus estimate of $10.57 billion. During the same period in the previous year, the business earned $0.18 EPS. Uber Technologies’s revenue for the quarter was up 15.9% compared to the same quarter last year. Equities research analysts anticipate that Uber Technologies, Inc. will post 1.05 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Dara Khosrowshahi sold 500,000 shares of the business’s stock in a transaction that occurred 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 directly 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 through this hyperlink. In other news, CEO Dara Khosrowshahi sold 500,000 shares of the business’s stock in a transaction that occurred 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 directly 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 through this hyperlink. Also, insider Tony West sold 89,234 shares of the company’s stock in a transaction on Thursday, June 6th. The stock was sold at an average price of $68.18, for a total value of $6,083,974.12. Following the transaction, the insider now owns 124,945 shares of the company’s stock, valued at $8,518,750.10. The disclosure for this sale can be found here. Insiders have sold 617,234 shares of company stock worth $44,017,734 in the last three months. 3.84% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in UBER. Vanguard Group Inc. grew its stake in Uber Technologies by 34.8% during the 4th quarter. Vanguard Group Inc. now owns 167,629,367 shares of the ride-sharing company’s stock worth $10,320,940,000 after buying an additional 43,275,830 shares during the last quarter. Norges Bank acquired a new position in Uber Technologies during the 4th quarter worth $1,415,778,000. Edgewood Management LLC acquired a new position in Uber Technologies during the 4th quarter worth $783,401,000. Price T Rowe Associates Inc. MD boosted its position in Uber Technologies by 37.8% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 36,425,981 shares of the ride-sharing company’s stock worth $2,804,437,000 after acquiring an additional 9,996,508 shares during the period. Finally, GQG Partners LLC boosted its position in Uber Technologies by 74.1% during the 1st quarter. GQG Partners LLC now owns 22,423,451 shares of the ride-sharing company’s stock worth $1,726,381,000 after acquiring an additional 9,541,366 shares during the period. 80.24% of the stock is currently owned by 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.