Uber Technologies (NYSE:UBER) Stock Price Up 0.5% – What’s Next?

Uber Technologies, Inc. (NYSE:UBER) shares were up 0.5% during mid-day trading on Wednesday . The stock traded as high as $72.26 and last traded at $71.89. Approximately 3,678,330 shares were traded during mid-day trading, a decline of 81% from the average daily volume of 19,490,755 shares. The stock had previously closed at $71.55.

Analysts Set New Price Targets

Several research analysts have commented on the stock. Wolfe Research lifted their price target on shares of Uber Technologies from $90.00 to $92.00 and gave the stock an “outperform” rating in a research note on Friday, January 3rd. Piper Sandler reiterated an “overweight” rating and issued a $87.00 target price (up previously from $80.00) on shares of Uber Technologies in a research report on Tuesday, February 18th. Truist Financial upped their price target on shares of Uber Technologies from $90.00 to $92.00 and gave the company a “buy” rating in a research report on Thursday, March 6th. Evercore ISI decreased their price objective on Uber Technologies from $120.00 to $115.00 and set an “outperform” rating on the stock in a report on Thursday, February 6th. Finally, UBS Group reissued a “buy” rating on shares of Uber Technologies in a research note on Friday, February 21st. Ten equities research analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Uber Technologies currently has an average rating of “Moderate Buy” and a consensus target price of $90.31.

Uber Technologies Stock Down 1.9 %

The company has a debt-to-equity ratio of 0.37, a current ratio of 1.07 and a quick ratio of 1.41. The stock has a 50 day simple moving average of $72.44 and a 200-day simple moving average of $71.57. The firm has a market cap of $152.34 billion, a PE ratio of 16.12, a PEG ratio of 0.89 and a beta of 1.39.

Uber Technologies (NYSE:UBER) last issued its quarterly earnings results 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 62.60% and a net margin of 22.41%. Sell-side analysts predict that Uber Technologies, Inc. will post 2.54 EPS for the current fiscal year.

Insider Activity at Uber Technologies

In related news, SVP Nikki Krishnamurthy sold 20,000 shares of the stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $71.57, for a total transaction of $1,431,400.00. Following the transaction, the senior vice president now owns 361,908 shares in the company, valued at $25,901,755.56. This represents a 5.24 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jill Hazelbaker sold 31,000 shares of Uber Technologies stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $81.02, for a total transaction of $2,511,620.00. Following the completion of the sale, the insider now directly owns 86,973 shares of the company’s stock, valued at approximately $7,046,552.46. This trade represents a 26.28 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 74,404 shares of company stock valued at $5,587,619. 3.84% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Uber Technologies

A number of large investors have recently made changes to their positions in UBER. Fourth Dimension Wealth LLC purchased a new stake in Uber Technologies during the fourth quarter valued at approximately $27,000. Avion Wealth raised its holdings in Uber Technologies by 96.0% in the 4th quarter. Avion Wealth now owns 445 shares of the ride-sharing company’s stock worth $26,000 after purchasing an additional 218 shares during the period. Transce3nd LLC purchased a new position in Uber Technologies during the fourth quarter valued at $27,000. Runnymede Capital Advisors Inc. bought a new stake in Uber Technologies during the fourth quarter valued at about $28,000. Finally, GHP Investment Advisors Inc. increased its position in Uber Technologies by 85.1% in the fourth quarter. GHP Investment Advisors Inc. now owns 485 shares of the ride-sharing company’s stock worth $29,000 after buying an additional 223 shares in the last quarter. 80.24% of the stock is currently owned by 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.