Uber Technologies (NYSE:UBER) Trading Up 1.5% on Analyst Upgrade

Uber Technologies, Inc. (NYSE:UBERGet Free Report)’s share price was up 1.5% on Monday after Truist Financial raised their price target on the stock from $88.00 to $99.00. Truist Financial currently has a buy rating on the stock. Uber Technologies traded as high as $75.71 and last traded at $75.42. Approximately 3,049,929 shares were traded during mid-day trading, a decline of 83% from the average daily volume of 17,834,072 shares. The stock had previously closed at $74.28.

UBER has been the subject of a number of other research reports. Morgan Stanley increased their target price on shares of Uber Technologies from $90.00 to $95.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 23rd. Citigroup lifted their target price on Uber Technologies from $96.00 to $98.00 and gave the company a “buy” rating in a research note on Wednesday, August 7th. Wolfe Research began coverage on Uber Technologies in a research note on Tuesday, July 16th. They set an “outperform” rating and a $90.00 price target on the stock. Evercore ISI upped their target price on shares of Uber Technologies from $80.00 to $90.00 and gave the company an “outperform” rating in a research report on Wednesday, August 7th. Finally, Loop Capital upped their target price on shares of Uber Technologies from $83.00 to $84.00 and gave the company a “buy” rating in a research report on Tuesday, September 3rd. Four investment analysts have rated the stock with a hold rating, thirty-one have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $88.11.

Check Out Our Latest Analysis on UBER

Insider Transactions at Uber Technologies

In related news, insider Jill Hazelbaker sold 40,000 shares of Uber Technologies stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $72.00, for a total value of $2,880,000.00. Following the completion of the transaction, the insider now directly owns 127,352 shares in the company, valued at approximately $9,169,344. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CEO Dara Khosrowshahi sold 500,000 shares of the company’s stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $71.91, for a total value of $35,955,000.00. Following the completion of the transaction, the chief executive officer now directly owns 1,266,114 shares in the company, valued at approximately $91,046,257.74. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Jill Hazelbaker sold 40,000 shares of the business’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $72.00, for a total transaction of $2,880,000.00. Following the completion of the sale, the insider now directly owns 127,352 shares of the company’s stock, valued at $9,169,344. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 3.84% of the company’s stock.

Institutional Trading of Uber Technologies

Large investors have recently modified their holdings of the business. Gunderson Capital Management Inc. boosted its position in shares of Uber Technologies by 9.1% during the third quarter. Gunderson Capital Management Inc. now owns 114,456 shares of the ride-sharing company’s stock valued at $8,603,000 after purchasing an additional 9,505 shares in the last quarter. Daymark Wealth Partners LLC grew its holdings in Uber Technologies by 14.8% in the third quarter. Daymark Wealth Partners LLC now owns 7,287 shares of the ride-sharing company’s stock worth $548,000 after purchasing an additional 940 shares during the period. Peddock Capital Advisors LLC increased its stake in shares of Uber Technologies by 51.8% during the third quarter. Peddock Capital Advisors LLC now owns 4,842 shares of the ride-sharing company’s stock valued at $364,000 after purchasing an additional 1,653 shares in the last quarter. Objectivity Squared LLC lifted its holdings in shares of Uber Technologies by 288.8% during the third quarter. Objectivity Squared LLC now owns 59,782 shares of the ride-sharing company’s stock valued at $4,459,000 after purchasing an additional 44,405 shares during the last quarter. Finally, Future Financial Wealth Managment LLC raised its stake in Uber Technologies by 11.1% during the third quarter. Future Financial Wealth Managment LLC now owns 5,000 shares of the ride-sharing company’s stock valued at $376,000 after buying an additional 500 shares during the last quarter. 80.24% of the stock is owned by institutional investors.

Uber Technologies Stock Performance

The business has a 50 day moving average price of $71.50 and a 200 day moving average price of $70.41. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.21 and a quick ratio of 1.21. The stock has a market capitalization of $160.03 billion, a PE ratio of 122.85, a PEG ratio of 1.34 and a beta of 1.33.

Uber Technologies (NYSE:UBERGet Free Report) last posted its earnings results on Tuesday, August 6th. The ride-sharing company reported $0.47 EPS for the quarter, topping analysts’ consensus estimates of $0.31 by $0.16. Uber Technologies had a return on equity of 17.06% and a net margin of 5.02%. The business had revenue of $10.70 billion during the quarter, compared to analyst estimates of $10.57 billion. During the same quarter last year, the company earned $0.18 EPS. The company’s quarterly revenue was up 15.9% compared to the same quarter last year. As a group, equities research analysts expect that Uber Technologies, Inc. will post 1.04 earnings per share for the current year.

Uber Technologies Company Profile

(Get Free Report)

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.

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