Uber Technologies (NYSE:UBER) Shares Up 0.1% – Still a Buy?

Uber Technologies, Inc. (NYSE:UBER)’s share price rose 0.1% during mid-day trading on Wednesday . The company traded as high as $76.47 and last traded at $75.32. Approximately 2,545,854 shares were traded during trading, a decline of 87% from the average daily volume of 19,417,709 shares. The stock had previously closed at $75.26.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on UBER shares. Needham & Company LLC reissued a “buy” rating and issued a $90.00 price target on shares of Uber Technologies in a research report on Wednesday, February 5th. Loop Capital lifted their target price on shares of Uber Technologies from $84.00 to $86.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. Wolfe Research boosted their target price on shares of Uber Technologies from $90.00 to $92.00 and gave the stock an “outperform” rating in a research report on Friday, January 3rd. Citizens Jmp downgraded Uber Technologies from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 2nd. Finally, Benchmark reissued a “hold” rating on shares of Uber Technologies in a research report on Friday, January 31st. Eight research analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $90.81.

Uber Technologies Stock Performance

The firm has a fifty day simple moving average of $70.05 and a 200-day simple moving average of $71.57. The stock has a market cap of $157.74 billion, a price-to-earnings ratio of 16.54, a P/E/G ratio of 0.89 and a beta of 1.39. The company has a current ratio of 1.07, a quick ratio of 1.41 and a debt-to-equity ratio of 0.37.

Uber Technologies (NYSE:UBER) last posted its quarterly earnings results on Wednesday, February 5th. The ride-sharing company reported $3.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $2.71. Uber Technologies had a return on equity of 62.60% and a net margin of 22.41%. Analysts forecast that Uber Technologies, Inc. will post 2.54 EPS for the current fiscal year.

Insider Transactions at Uber Technologies

In other news, insider Jill Hazelbaker sold 31,000 shares of the stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $81.02, for a total value of $2,511,620.00. Following the transaction, the insider now owns 86,973 shares of the company’s stock, valued at $7,046,552.46. This represents a 26.28 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 3.84% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Uber Technologies

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Fourth Dimension Wealth LLC acquired a new position in shares of Uber Technologies during the 4th quarter worth about $27,000. Avion Wealth grew its holdings in Uber Technologies by 96.0% during the fourth quarter. Avion Wealth now owns 445 shares of the ride-sharing company’s stock valued at $26,000 after purchasing an additional 218 shares during the period. Transce3nd LLC acquired a new position in Uber Technologies during the fourth quarter valued at approximately $27,000. Runnymede Capital Advisors Inc. bought a new stake in Uber Technologies in the fourth quarter valued at approximately $28,000. Finally, GHP Investment Advisors Inc. raised its holdings in Uber Technologies by 85.1% in the fourth quarter. GHP Investment Advisors Inc. now owns 485 shares of the ride-sharing company’s stock worth $29,000 after purchasing an additional 223 shares during the period. 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.