Uber Technologies (NYSE:UBER) Shares Up 1.8%

Uber Technologies, Inc. (NYSE:UBER) shot up 1.8% during trading on Wednesday . The stock traded as high as $72.14 and last traded at $71.94. 3,492,594 shares were traded during mid-day trading, a decline of 82% from the average session volume of 19,249,355 shares. The stock had previously closed at $70.67.

Analyst Ratings Changes

UBER has been the topic of a number of research reports. Wedbush restated an “outperform” rating and set a $85.00 price objective on shares of Uber Technologies in a research report on Wednesday, May 8th. Wells Fargo & Company boosted their price objective on Uber Technologies from $89.00 to $91.00 and gave the company an “overweight” rating in a research report on Friday, June 28th. Oppenheimer restated an “outperform” rating and set a $90.00 price objective on shares of Uber Technologies in a research report on Wednesday, June 5th. Truist Financial boosted their price target on Uber Technologies from $90.00 to $94.00 and gave the company a “buy” rating in a research note on Wednesday, March 27th. Finally, Tigress Financial boosted their price target on Uber Technologies from $72.00 to $96.00 and gave the company a “buy” rating in a research note on Friday, April 19th. Two equities research analysts have rated the stock with a hold rating and thirty have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $84.41.

Uber Technologies Stock Up 1.5 %

The business has a fifty day moving average of $67.94 and a 200 day moving average of $69.95. The firm has a market cap of $149.92 billion, a P/E ratio of 116.03, a P/E/G ratio of 1.59 and a beta of 1.36. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.80.

Uber Technologies (NYSE:UBER) last announced its quarterly earnings results on Wednesday, May 8th. The ride-sharing company reported ($0.32) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by ($0.53). Uber Technologies had a return on equity of 12.81% and a net margin of 3.60%. The business had revenue of $10.13 billion during the quarter, compared to the consensus estimate of $10.09 billion. During the same quarter last year, the company earned ($0.08) earnings per share. The firm’s revenue was up 14.8% compared to the same quarter last year. On average, equities research analysts predict that Uber Technologies, Inc. will post 0.85 EPS for the current year.

Insiders Place Their Bets

In other Uber Technologies news, CEO Dara Khosrowshahi sold 500,000 shares of the stock in a transaction dated Friday, May 17th. The stock was sold at an average price of $65.93, for a total value of $32,965,000.00. Following the completion of the sale, the chief executive officer now directly owns 1,656,996 shares in the company, valued at $109,245,746.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, insider Tony West sold 89,234 shares of the company’s stock in a transaction dated Thursday, June 6th. The stock was sold at an average price of $68.18, for a total transaction of $6,083,974.12. Following the completion of the transaction, the insider now directly owns 124,945 shares of the company’s stock, valued at $8,518,750.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Dara Khosrowshahi sold 500,000 shares of the stock in a transaction that occurred on Friday, May 17th. The shares were sold at an average price of $65.93, for a total value of $32,965,000.00. Following the transaction, the chief executive officer now directly owns 1,656,996 shares of the company’s stock, valued at $109,245,746.28. The disclosure for this sale can be found here. Insiders sold 635,984 shares of company stock worth $42,258,297 over the last ninety days. 3.80% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Modus Advisors LLC boosted its position in Uber Technologies by 3.9% during the second quarter. Modus Advisors LLC now owns 56,084 shares of the ride-sharing company’s stock valued at $4,076,000 after purchasing an additional 2,108 shares during the last quarter. Massmutual Trust Co. FSB ADV lifted its position in shares of Uber Technologies by 313.0% in the second quarter. Massmutual Trust Co. FSB ADV now owns 27,120 shares of the ride-sharing company’s stock valued at $1,971,000 after buying an additional 20,553 shares during the last quarter. GAMMA Investing LLC lifted its position in shares of Uber Technologies by 32.3% in the second quarter. GAMMA Investing LLC now owns 8,926 shares of the ride-sharing company’s stock valued at $649,000 after buying an additional 2,178 shares during the last quarter. Transcend Capital Advisors LLC lifted its position in shares of Uber Technologies by 34.8% in the second quarter. Transcend Capital Advisors LLC now owns 51,037 shares of the ride-sharing company’s stock valued at $3,709,000 after buying an additional 13,180 shares during the last quarter. Finally, EverSource Wealth Advisors LLC lifted its position in shares of Uber Technologies by 2.7% in the first quarter. EverSource Wealth Advisors LLC now owns 7,354 shares of the ride-sharing company’s stock valued at $566,000 after buying an additional 190 shares during the last quarter. 80.24% of the stock is owned by institutional investors and hedge funds.

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.