Uber Technologies, Inc. (NYSE:UBER – Get Free Report) traded up 5.7% on Friday . The company traded as high as $74.56 and last traded at $73.98. 22,280,421 shares traded hands during mid-day trading, a decline of 21% from the average session volume of 28,263,443 shares. The stock had previously closed at $69.99.
Wall Street Analysts Forecast Growth
Several equities analysts recently issued reports on UBER shares. Citizens Jmp cut Uber Technologies from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 2nd. KeyCorp dropped their target price on shares of Uber Technologies from $90.00 to $85.00 and set an “overweight” rating for the company in a report on Friday, November 1st. Truist Financial dropped their price objective on Uber Technologies from $99.00 to $95.00 and set a “buy” rating for the company in a research report on Friday, November 1st. Wolfe Research lifted their price objective on Uber Technologies from $90.00 to $92.00 and gave the company an “outperform” rating in a research report on Friday, January 3rd. Finally, Citigroup dropped their price objective on shares of Uber Technologies from $98.00 to $92.00 and set a “buy” rating for the company in a research report on Thursday. Seven research analysts have rated the stock with a hold rating, thirty-one have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Uber Technologies has a consensus rating of “Moderate Buy” and a consensus price target of $90.19.
View Our Latest Analysis on Uber Technologies
Uber Technologies Stock Up 6.8 %
Uber Technologies (NYSE:UBER – Get Free Report) last announced its quarterly earnings data on Wednesday, February 5th. The ride-sharing company reported $3.21 earnings per share for the quarter, beating the consensus estimate of $0.50 by $2.71. Uber Technologies had a return on equity of 33.46% and a net margin of 10.49%. On average, equities analysts predict that Uber Technologies, Inc. will post 1.89 earnings per share for the current year.
Insider Activity
In other news, insider Jill Hazelbaker sold 27,780 shares of the business’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $72.90, for a total transaction of $2,025,162.00. Following the completion of the sale, the insider now directly owns 107,289 shares of the company’s stock, valued at approximately $7,821,368.10. The trade was a 20.57 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 3.80% of the stock is owned by corporate insiders.
Hedge Funds Weigh In On Uber Technologies
A number of large investors have recently added to or reduced their stakes in UBER. Ascent Wealth Partners LLC purchased a new stake in shares of Uber Technologies in the third quarter valued at about $2,087,000. Teachers Retirement System of The State of Kentucky raised its position in Uber Technologies by 4.4% in the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 321,726 shares of the ride-sharing company’s stock valued at $24,180,000 after purchasing an additional 13,433 shares during the last quarter. Aviso Wealth Management purchased a new stake in shares of Uber Technologies during the third quarter worth approximately $2,302,000. Polianta Ltd acquired a new position in Uber Technologies during the 4th quarter worth approximately $1,206,000. Finally, Brophy Wealth Management LLC acquired a new stake in shares of Uber Technologies in the 3rd quarter worth approximately $1,041,000. 80.24% of the stock is currently owned by institutional investors.
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.
Read More
- Five stocks we like better than Uber Technologies
- 3 Monster Growth Stocks to Buy Now
- IBM’s AI Bet Pays Off—What’s Next for Investors?
- The 3 Best Retail Stocks to Shop for in August
- 3 Reasons to Treat AMD’s Drop as an Entry Opportunity
- The Significance of Brokerage Rankings in Stock Selection
- Qualcomm’s Post-Earnings Dip: A Prime Buying Opportunity?
Receive News & Ratings for Uber Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Uber Technologies and related companies with MarketBeat.com's FREE daily email newsletter.