Uber Technologies (NYSE:UBER) Stock Price Up 0.8% – Time to Buy?

Uber Technologies, Inc. (NYSE:UBER) traded up 0.8% during mid-day trading on Monday . The company traded as high as $69.32 and last traded at $69.14. 7,964,164 shares traded hands during trading, a decline of 67% from the average session volume of 23,946,717 shares. The stock had previously closed at $68.56.

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. The Goldman Sachs Group reissued a “buy” rating and set a $96.00 price objective on shares of Uber Technologies in a report on Thursday, January 2nd. Citizens Jmp lowered Uber Technologies from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 2nd. Jefferies Financial Group raised their price objective on Uber Technologies from $100.00 to $105.00 and gave the company a “buy” rating in a research report on Tuesday, October 22nd. Cantor Fitzgerald boosted their target price on shares of Uber Technologies from $75.00 to $80.00 and gave the stock an “overweight” rating in a report on Tuesday. Finally, Truist Financial lowered their price target on shares of Uber Technologies from $99.00 to $95.00 and set a “buy” rating on the stock in a report on Friday, November 1st. Seven analysts have rated the stock with a hold rating, thirty-one have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $91.08.

Uber Technologies Stock Down 2.0 %

The business’s fifty day simple moving average is $65.83 and its two-hundred day simple moving average is $70.19. The company has a market cap of $140.50 billion, a PE ratio of 33.20, a PEG ratio of 0.77 and a beta of 1.36. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.41 and a quick ratio of 1.41.

Uber Technologies (NYSE:UBER) last announced its quarterly earnings results on Thursday, October 31st. The ride-sharing company reported $1.20 earnings per share for the quarter, beating the consensus estimate of $0.41 by $0.79. Uber Technologies had a return on equity of 33.46% and a net margin of 10.49%. The firm had revenue of $11.19 billion during the quarter, compared to analyst estimates of $10.99 billion. During the same quarter in the previous year, the business earned $0.10 EPS. Uber Technologies’s revenue for the quarter was up 20.4% compared to the same quarter last year. On average, analysts predict that Uber Technologies, Inc. will post 1.86 earnings per share for the current year.

Insider Activity

In other news, insider Jill Hazelbaker sold 27,780 shares of the business’s stock in a transaction that occurred on 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 directly owns 107,289 shares in the company, valued at $7,821,368.10. The trade was a 20.57 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 3.84% of the company’s stock.

Institutional Investors Weigh In On Uber Technologies

Hedge funds have recently modified their holdings of the company. Ascent Wealth Partners LLC purchased a new position in shares of Uber Technologies during the 3rd quarter worth approximately $2,087,000. Teachers Retirement System of The State of Kentucky boosted its position in shares of Uber Technologies by 4.4% during the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 321,726 shares of the ride-sharing company’s stock worth $24,180,000 after acquiring an additional 13,433 shares in the last quarter. Aviso Wealth Management purchased a new position in Uber Technologies in the third quarter valued at approximately $2,302,000. Polianta Ltd purchased a new position in shares of Uber Technologies in the 4th quarter valued at $1,206,000. Finally, Brophy Wealth Management LLC purchased a new position in shares of Uber Technologies during the third quarter worth about $1,041,000. Hedge funds and other 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.