Uber Technologies (NYSE:UBER) Shares Up 0.9%

Uber Technologies, Inc. (NYSE:UBER) shot up 0.9% on Thursday . The stock traded as high as $72.14 and last traded at $71.30. 7,869,781 shares traded hands during mid-day trading, a decline of 48% from the average session volume of 15,031,445 shares. The stock had previously closed at $70.67.

Analysts Set New Price Targets

Several research firms have weighed in on UBER. Citigroup increased their price objective on Uber Technologies from $93.00 to $96.00 and gave the stock a “buy” rating in a report on Wednesday, June 12th. TD Cowen lowered their target price on Uber Technologies from $90.00 to $88.00 and set a “buy” rating for the company in a research note on Thursday, May 9th. Jefferies Financial Group lowered their target price on Uber Technologies from $103.00 to $100.00 and set a “buy” rating for the company in a research note on Thursday, May 9th. Royal Bank of Canada restated an “outperform” rating and issued a $80.00 target price on shares of Uber Technologies in a research note on Tuesday, May 28th. Finally, Wedbush restated an “outperform” rating and issued a $85.00 target price on shares of Uber Technologies in a research note on Wednesday, May 8th. Two analysts have rated the stock with a hold rating and thirty have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $84.41.

Uber Technologies Stock Up 0.9 %

The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.80. The company has a market cap of $148.98 billion, a P/E ratio of 115.00, a price-to-earnings-growth ratio of 1.54 and a beta of 1.36. The company has a fifty day moving average of $67.98 and a 200 day moving average of $69.96.

Uber Technologies (NYSE:UBER) last issued its quarterly earnings data on Wednesday, May 8th. The ride-sharing company reported ($0.32) 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 firm had revenue of $10.13 billion during the quarter, compared to the consensus estimate of $10.09 billion. During the same period in the previous year, the firm earned ($0.08) EPS. The business’s revenue was up 14.8% on a year-over-year basis. On average, research analysts anticipate that Uber Technologies, Inc. will post 0.85 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider Tony West sold 18,750 shares of Uber Technologies stock in a transaction on Monday, May 13th. The stock was sold at an average price of $65.63, for a total transaction of $1,230,562.50. Following the transaction, the insider now directly owns 206,338 shares in the company, valued at $13,541,962.94. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, insider Tony West sold 18,750 shares of Uber Technologies stock in a transaction on Monday, May 13th. The stock was sold at an average price of $65.63, for a total transaction of $1,230,562.50. Following the transaction, the insider now directly owns 206,338 shares in the company, valued at $13,541,962.94. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Dara Khosrowshahi sold 500,000 shares of the business’s 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 owns 1,656,996 shares in the company, valued at $109,245,746.28. The disclosure for this sale can be found here. Insiders sold 635,984 shares of company stock valued at $42,258,297 over the last 90 days. Company insiders own 3.80% of the company’s stock.

Institutional Investors Weigh In On Uber Technologies

Hedge funds have recently made changes to their positions in the company. Financial Management Professionals Inc. lifted its position in shares of Uber Technologies by 111.6% in the first quarter. Financial Management Professionals Inc. now owns 383 shares of the ride-sharing company’s stock worth $29,000 after buying an additional 202 shares in the last quarter. J.Safra Asset Management Corp purchased a new stake in shares of Uber Technologies in the first quarter worth about $32,000. YHB Investment Advisors Inc. bought a new stake in Uber Technologies during the first quarter worth approximately $37,000. CVA Family Office LLC bought a new stake in Uber Technologies during the fourth quarter worth approximately $30,000. Finally, Highlander Capital Management LLC increased its stake in Uber Technologies by 100.0% during the fourth quarter. Highlander Capital Management LLC now owns 500 shares of the ride-sharing company’s stock worth $31,000 after acquiring an additional 250 shares during the last quarter. 80.24% of the stock is currently owned by hedge funds and other institutional investors.

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.