Uber Technologies (NYSE:UBER) Trading Up 3.6% – What’s Next?

Shares of Uber Technologies, Inc. (NYSE:UBER) were up 3.6% on Monday . The company traded as high as $100.35 and last traded at $100.0090. Approximately 26,960,112 shares traded hands during mid-day trading, an increase of 31% from the average daily volume of 20,616,900 shares. The stock had previously closed at $96.50.

Analyst Ratings Changes

A number of research analysts have weighed in on UBER shares. UBS Group raised their price target on Uber Technologies from $117.00 to $124.00 and gave the company a “buy” rating in a research note on Tuesday, October 28th. Mizuho started coverage on Uber Technologies in a research report on Monday, September 29th. They issued an “outperform” rating and a $130.00 price objective for the company. Needham & Company LLC raised their price objective on Uber Technologies from $100.00 to $109.00 and gave the company a “buy” rating in a research report on Monday, July 14th. Cowen reaffirmed a “buy” rating on shares of Uber Technologies in a research report on Thursday, August 7th. Finally, Raymond James Financial raised their price objective on Uber Technologies from $100.00 to $105.00 and gave the company a “strong-buy” rating in a research report on Thursday, August 7th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat.com, Uber Technologies presently has a consensus rating of “Moderate Buy” and a consensus target price of $106.82.

Uber Technologies Stock Performance

The firm has a market capitalization of $208.56 billion, a price-to-earnings ratio of 17.04 and a beta of 1.46. The company has a fifty day moving average of $95.56 and a two-hundred day moving average of $90.62. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.11 and a current ratio of 1.11.

Uber Technologies (NYSE:UBER) last posted its quarterly earnings data on Wednesday, August 6th. The ride-sharing company reported $0.63 EPS for the quarter, topping analysts’ consensus estimates of $0.61 by $0.02. Uber Technologies had a return on equity of 59.96% and a net margin of 26.68%.The firm had revenue of $12.65 billion for the quarter, compared to analyst estimates of $12.45 billion. During the same quarter last year, the company earned $0.47 EPS. The company’s revenue was up 18.2% on a year-over-year basis. As a group, equities research analysts predict that Uber Technologies, Inc. will post 2.54 earnings per share for the current fiscal year.

Insider Activity

In other news, insider Jill Hazelbaker sold 31,250 shares of Uber Technologies stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $96.42, for a total value of $3,013,125.00. Following the transaction, the insider owned 86,531 shares in the company, valued at approximately $8,343,319.02. This trade represents a 26.53% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Nikki Krishnamurthy sold 11,571 shares of Uber Technologies stock in a transaction on Friday, August 15th. The shares were sold at an average price of $91.74, for a total value of $1,061,523.54. Following the completion of the transaction, the senior vice president owned 416,222 shares in the company, valued at approximately $38,184,206.28. The trade was a 2.70% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 604,946 shares of company stock worth $58,950,116. 3.70% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Uber Technologies

A number of hedge funds and other institutional investors have recently bought and sold shares of UBER. Brighton Jones LLC grew its position in Uber Technologies by 3.4% during the 4th quarter. Brighton Jones LLC now owns 74,460 shares of the ride-sharing company’s stock worth $4,491,000 after acquiring an additional 2,474 shares during the last quarter. Revolve Wealth Partners LLC lifted its holdings in Uber Technologies by 65.0% during the 4th quarter. Revolve Wealth Partners LLC now owns 15,563 shares of the ride-sharing company’s stock worth $939,000 after buying an additional 6,129 shares during the period. Bison Wealth LLC lifted its holdings in Uber Technologies by 20.3% during the 4th quarter. Bison Wealth LLC now owns 3,792 shares of the ride-sharing company’s stock worth $229,000 after buying an additional 641 shares during the period. Mutual Advisors LLC lifted its holdings in Uber Technologies by 29.4% during the 1st quarter. Mutual Advisors LLC now owns 7,677 shares of the ride-sharing company’s stock worth $597,000 after buying an additional 1,745 shares during the period. Finally, Silver Oak Securities Incorporated lifted its holdings in Uber Technologies by 15.8% during the 1st quarter. Silver Oak Securities Incorporated now owns 10,636 shares of the ride-sharing company’s stock worth $774,000 after buying an additional 1,448 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.