Uber Technologies (NYSE:UBER) Shares Up 0.7%

Uber Technologies, Inc. (NYSE:UBER) shot up 0.7% during mid-day trading on Monday . The company traded as high as $69.11 and last traded at $69.04. 2,578,745 shares changed hands during mid-day trading, a decline of 87% from the average session volume of 19,168,553 shares. The stock had previously closed at $68.54.

Analyst Ratings Changes

UBER has been the topic of a number of research analyst reports. Melius Research began coverage on shares of Uber Technologies in a research report on Monday, July 22nd. They set a “hold” rating and a $77.00 price objective on the stock. Needham & Company LLC reiterated a “buy” rating and set a $90.00 price objective on shares of Uber Technologies in a report on Wednesday, August 7th. Piper Sandler boosted their target price on Uber Technologies from $86.00 to $88.00 and gave the company an “overweight” rating in a research note on Tuesday, June 25th. Morgan Stanley increased their price objective on Uber Technologies from $90.00 to $95.00 and gave the stock an “overweight” rating in a report on Tuesday, July 23rd. Finally, JMP Securities lifted their target price on shares of Uber Technologies from $75.00 to $80.00 and gave the company a “market outperform” rating in a research note on Wednesday, August 7th. Four analysts have rated the stock with a hold rating and thirty have issued a buy rating to the company. Based on data from MarketBeat.com, Uber Technologies has a consensus rating of “Moderate Buy” and an average price target of $87.47.

Uber Technologies Price Performance

The company has a 50-day moving average price of $68.47 and a 200-day moving average price of $71.05. The firm has a market capitalization of $144.72 billion, a P/E ratio of 111.35, a price-to-earnings-growth ratio of 1.45 and a beta of 1.36. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.21 and a current ratio of 1.21.

Uber Technologies (NYSE:UBER) last posted its earnings results on Tuesday, August 6th. The ride-sharing company reported $0.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.31 by $0.16. The company had revenue of $10.70 billion during the quarter, compared to analyst estimates of $10.57 billion. Uber Technologies had a return on equity of 17.06% and a net margin of 5.02%. The company’s revenue for the quarter was up 15.9% compared to the same quarter last year. During the same period in the previous year, the company earned $0.18 EPS. On average, sell-side analysts predict that Uber Technologies, Inc. will post 0.84 earnings per share for the current year.

Insider Activity at Uber Technologies

In other news, CEO Dara Khosrowshahi sold 500,000 shares of the firm’s stock in a transaction dated Friday, May 17th. The stock was sold at an average price of $65.93, for a total transaction of $32,965,000.00. Following the sale, the chief executive officer now owns 1,656,996 shares of the company’s stock, valued at $109,245,746.28. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, CEO Dara Khosrowshahi sold 500,000 shares of the business’s stock in a transaction 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 sale, the chief executive officer now directly owns 1,656,996 shares of the company’s stock, valued at approximately $109,245,746.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Tony West sold 28,000 shares of the stock in a transaction dated Thursday, June 13th. The stock was sold at an average price of $70.67, for a total value of $1,978,760.00. Following the transaction, the insider now owns 96,945 shares of the company’s stock, valued at approximately $6,851,103.15. The disclosure for this sale can be found here. Insiders sold a total of 1,117,234 shares of company stock worth $76,982,734 in the last quarter. Corporate insiders own 3.84% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in UBER. GHP Investment Advisors Inc. increased its position in shares of Uber Technologies by 222.7% during the 2nd quarter. GHP Investment Advisors Inc. now owns 355 shares of the ride-sharing company’s stock worth $26,000 after purchasing an additional 245 shares during the last quarter. Financial Management Professionals Inc. boosted its stake in shares of Uber Technologies by 111.6% during the 1st quarter. Financial Management Professionals Inc. now owns 383 shares of the ride-sharing company’s stock worth $29,000 after acquiring an additional 202 shares during the period. WR Wealth Planners LLC increased its holdings in shares of Uber Technologies by 563.9% during the 2nd quarter. WR Wealth Planners LLC now owns 405 shares of the ride-sharing company’s stock worth $29,000 after acquiring an additional 344 shares during the last quarter. Bfsg LLC bought a new stake in Uber Technologies in the 4th quarter valued at $31,000. Finally, J.Safra Asset Management Corp acquired a new stake in Uber Technologies during the 1st quarter valued at $32,000. 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.