Uber Technologies (NYSE:UBER) Trading 0.1% Higher

Uber Technologies, Inc. (NYSE:UBER) rose 0.1% on Monday . The company traded as high as $75.27 and last traded at $74.01. Approximately 2,367,265 shares traded hands during trading, a decline of 87% from the average daily volume of 18,176,924 shares. The stock had previously closed at $73.94.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on UBER. Evercore ISI raised their price target 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. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $90.00 target price on shares of Uber Technologies in a research report on Monday. Citigroup increased their target price on shares of Uber Technologies from $96.00 to $98.00 and gave the stock a “buy” rating in a report on Wednesday, August 7th. Melius assumed coverage on Uber Technologies in a report on Monday, July 22nd. They issued a “hold” rating and a $77.00 price target for the company. Finally, Oppenheimer reissued an “outperform” rating and issued a $90.00 price objective on shares of Uber Technologies in a research note on Wednesday, June 5th. Four investment analysts have rated the stock with a hold rating and thirty-one have issued a buy rating to the company. Based on data from MarketBeat, Uber Technologies has a consensus rating of “Moderate Buy” and a consensus target price of $87.60.

Uber Technologies Price Performance

The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.72. The business’s 50 day moving average is $69.60 and its two-hundred day moving average is $70.66. The firm has a market cap of $156.51 billion, a P/E ratio of 120.00, a P/E/G ratio of 1.27 and a beta of 1.33.

Uber Technologies (NYSE:UBER) last announced its quarterly earnings results on Tuesday, August 6th. The ride-sharing company reported $0.47 earnings per share for the quarter, beating the consensus estimate of $0.31 by $0.16. Uber Technologies had a net margin of 5.02% and a return on equity of 17.06%. The business had revenue of $10.70 billion for the quarter, compared to analysts’ expectations of $10.57 billion. During the same quarter last year, the firm earned $0.18 EPS. The firm’s revenue for the quarter was up 15.9% compared to the same quarter last year. As a group, analysts anticipate that Uber Technologies, Inc. will post 1.06 earnings per share for the current year.

Insiders Place Their Bets

In related news, CEO Dara Khosrowshahi sold 500,000 shares of the company’s stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $71.91, for a total transaction of $35,955,000.00. Following the sale, the chief executive officer now owns 1,266,114 shares of the company’s stock, valued at approximately $91,046,257.74. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, insider Jill Hazelbaker sold 40,000 shares of the firm’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 transaction, the insider now directly owns 127,352 shares in the company, valued at $9,169,344. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Dara Khosrowshahi sold 500,000 shares of the business’s stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $71.91, for a total transaction of $35,955,000.00. Following the transaction, the chief executive officer now directly owns 1,266,114 shares of the company’s stock, valued at $91,046,257.74. The disclosure for this sale can be found here. Company insiders own 3.84% of the company’s stock.

Institutional Investors Weigh In On Uber Technologies

A number of institutional investors 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 second quarter. GHP Investment Advisors Inc. now owns 355 shares of the ride-sharing company’s stock worth $26,000 after acquiring an additional 245 shares during the period. Financial Management Professionals Inc. lifted its position 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 valued at $29,000 after buying an additional 202 shares in the last quarter. WR Wealth Planners LLC boosted its holdings in Uber Technologies by 563.9% in the 2nd quarter. WR Wealth Planners LLC now owns 405 shares of the ride-sharing company’s stock worth $29,000 after buying an additional 344 shares during the last quarter. J.Safra Asset Management Corp purchased a new position in shares of Uber Technologies in the first quarter worth about $32,000. Finally, MCF Advisors LLC raised its holdings in shares of Uber Technologies by 1,038.5% during the 2nd quarter. MCF Advisors LLC now owns 444 shares of the ride-sharing company’s stock worth $32,000 after acquiring an additional 405 shares during the period. 80.24% of the stock is owned by hedge funds and other 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.