Uber Technologies (NYSE:UBER) Stock Price Up 0.7% – What’s Next?

Uber Technologies, Inc. (NYSE:UBER) traded up 0.7% during mid-day trading on Friday . The stock traded as high as $74.75 and last traded at $74.88. 4,361,639 shares were traded during trading, a decline of 78% from the average session volume of 19,516,237 shares. The stock had previously closed at $74.35.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the stock. Needham & Company LLC reissued a “buy” rating and set a $90.00 price objective on shares of Uber Technologies in a research note on Wednesday, February 5th. Truist Financial lifted their target price on shares of Uber Technologies from $90.00 to $92.00 and gave the company a “buy” rating in a report on Thursday, March 6th. DA Davidson reduced their target price on shares of Uber Technologies from $84.00 to $80.00 and set a “buy” rating on the stock in a report on Thursday, February 6th. The Goldman Sachs Group restated a “buy” rating and set a $96.00 target price on shares of Uber Technologies in a report on Thursday, January 2nd. Finally, Arete Research upgraded shares of Uber Technologies to a “hold” rating in a report on Tuesday, February 18th. Ten analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $90.31.

Uber Technologies Price Performance

The company has a current ratio of 1.07, a quick ratio of 1.41 and a debt-to-equity ratio of 0.37. The company’s 50-day moving average price is $72.44 and its two-hundred day moving average price is $71.57. The company has a market cap of $157.96 billion, a P/E ratio of 16.60, a P/E/G ratio of 0.89 and a beta of 1.39.

Uber Technologies (NYSE:UBER) last announced its quarterly earnings data on Wednesday, February 5th. The ride-sharing company reported $3.21 earnings per share for the quarter, beating analysts’ consensus estimates of $0.50 by $2.71. Uber Technologies had a net margin of 22.41% and a return on equity of 62.60%. As a group, sell-side analysts expect that Uber Technologies, Inc. will post 2.54 earnings per share for the current year.

Insider Activity at Uber Technologies

In other Uber Technologies news, SVP Nikki Krishnamurthy sold 20,000 shares of the company’s stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $71.57, for a total value of $1,431,400.00. Following the completion of the transaction, the senior vice president now owns 361,908 shares in the company, valued at approximately $25,901,755.56. This represents a 5.24 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Jill Hazelbaker sold 31,000 shares of the company’s stock in a transaction dated 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 transaction, the insider now 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. Insiders sold a total of 74,404 shares of company stock valued at $5,587,619 in the last quarter. Insiders own 3.84% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of UBER. PNC Financial Services Group Inc. lifted its stake in shares of Uber Technologies by 26.7% in the 3rd quarter. PNC Financial Services Group Inc. now owns 326,829 shares of the ride-sharing company’s stock worth $24,564,000 after acquiring an additional 68,833 shares during the period. Advisors Asset Management Inc. lifted its stake in shares of Uber Technologies by 32.3% in the 3rd quarter. Advisors Asset Management Inc. now owns 128,929 shares of the ride-sharing company’s stock worth $9,690,000 after acquiring an additional 31,484 shares during the period. First Horizon Advisors Inc. lifted its stake in shares of Uber Technologies by 11.5% in the 3rd quarter. First Horizon Advisors Inc. now owns 6,290 shares of the ride-sharing company’s stock worth $473,000 after acquiring an additional 649 shares during the period. Ontario Teachers Pension Plan Board acquired a new stake in shares of Uber Technologies in the 3rd quarter worth approximately $327,000. Finally, Moran Wealth Management LLC lifted its stake in shares of Uber Technologies by 3.2% in the 3rd quarter. Moran Wealth Management LLC now owns 27,970 shares of the ride-sharing company’s stock worth $2,102,000 after acquiring an additional 871 shares during the period. 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.