Uber Technologies, Inc. (NYSE:UBER) Short Interest Update

Uber Technologies, Inc. (NYSE:UBER) saw a significant decrease in short interest in December. As of December 31st, there was short interest totalling 52,340,000 shares, a decrease of 15.7% from the December 15th total of 62,100,000 shares. Based on an average daily volume of 24,050,000 shares, the short-interest ratio is currently 2.2 days.

Insider Activity

In other Uber Technologies news, insider Jill Hazelbaker sold 27,780 shares of Uber Technologies stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $72.90, for a total transaction of $2,025,162.00. Following the transaction, the insider now owns 107,289 shares of the company’s stock, valued at $7,821,368.10. The trade was a 20.57 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 3.80% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Kieckhefer Group LLC bought a new stake in shares of Uber Technologies in the 4th quarter valued at approximately $33,000. Retirement Wealth Solutions LLC bought a new position in shares of Uber Technologies during the fourth quarter valued at $35,000. Financial Management Professionals Inc. boosted its stake in shares of Uber Technologies by 104.1% in the 3rd quarter. Financial Management Professionals Inc. now owns 494 shares of the ride-sharing company’s stock valued at $37,000 after purchasing an additional 252 shares in the last quarter. Transcendent Capital Group LLC grew its holdings in shares of Uber Technologies by 3,928.6% in the 3rd quarter. Transcendent Capital Group LLC now owns 564 shares of the ride-sharing company’s stock worth $42,000 after purchasing an additional 550 shares during the last quarter. Finally, Fortitude Family Office LLC grew its holdings in shares of Uber Technologies by 84.7% in the 3rd quarter. Fortitude Family Office LLC now owns 602 shares of the ride-sharing company’s stock worth $45,000 after purchasing an additional 276 shares during the last quarter. Institutional investors own 80.24% of the company’s stock.

Uber Technologies Trading Up 2.3 %

Uber Technologies stock opened at $68.58 on Friday. Uber Technologies has a 12 month low of $54.84 and a 12 month high of $87.00. The stock has a market cap of $144.41 billion, a price-to-earnings ratio of 34.12, a price-to-earnings-growth ratio of 0.71 and a beta of 1.36. The business has a 50 day moving average price of $66.34 and a two-hundred day moving average price of $70.39. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.70.

Uber Technologies (NYSE:UBER) last posted its quarterly earnings results on Thursday, October 31st. The ride-sharing company reported $1.20 earnings per share for the quarter, topping analysts’ consensus estimates of $0.41 by $0.79. Uber Technologies had a net margin of 10.49% and a return on equity of 33.46%. The firm had revenue of $11.19 billion for the quarter, compared to the consensus estimate of $10.99 billion. During the same quarter in the previous year, the company earned $0.10 earnings per share. The business’s revenue was up 20.4% compared to the same quarter last year. As a group, equities analysts forecast that Uber Technologies will post 1.9 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts recently commented on UBER shares. Daiwa Capital Markets downgraded shares of Uber Technologies from an “outperform” rating to a “neutral” rating and set a $84.00 price objective on the stock. in a research report on Thursday, October 17th. Daiwa America cut shares of Uber Technologies from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 17th. Wolfe Research increased their price objective on Uber Technologies from $90.00 to $92.00 and gave the stock an “outperform” rating in a report on Friday, January 3rd. Raymond James began coverage on Uber Technologies in a research report on Tuesday, September 24th. They set a “strong-buy” rating and a $90.00 price objective for the company. Finally, UBS Group upped their target price on Uber Technologies from $102.00 to $114.00 and gave the stock a “buy” rating in a research report on Friday, October 18th. Seven analysts have rated the stock with a hold rating, thirty-one have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $91.53.

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.