Uber Technologies (NYSE:UBER) Stock Price Up 1.3% – Here’s What Happened

Shares of Uber Technologies, Inc. (NYSE:UBER) rose 1.3% on Friday . The company traded as high as $67.87 and last traded at $67.48. Approximately 5,879,679 shares were traded during trading, a decline of 76% from the average daily volume of 24,395,145 shares. The stock had previously closed at $66.59.

Analyst Upgrades and Downgrades

UBER has been the subject of several analyst reports. Truist Financial decreased their price target on shares of 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 raised their target price on shares of Uber Technologies from $90.00 to $92.00 and gave the company an “outperform” rating in a research note on Friday, January 3rd. Needham & Company LLC reaffirmed a “buy” rating and set a $90.00 price target on shares of Uber Technologies in a research report on Monday. JMP Securities reissued a “market perform” rating on shares of Uber Technologies in a research report on Friday. Finally, Benchmark reaffirmed a “hold” rating on shares of Uber Technologies in a report on Friday. Seven investment analysts have rated the stock with a hold rating, thirty-one have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $91.08.

Uber Technologies Stock Up 0.6 %

The firm has a market cap of $141.03 billion, a PE ratio of 33.38, a PEG ratio of 0.77 and a beta of 1.36. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.70. The firm has a 50 day moving average price of $65.71 and a 200-day moving average price of $70.14.

Uber Technologies (NYSE:UBER) last announced its quarterly earnings results on Thursday, October 31st. The ride-sharing company reported $1.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.41 by $0.79. Uber Technologies had a return on equity of 33.46% and a net margin of 10.49%. The firm had revenue of $11.19 billion during the quarter, compared to the consensus estimate of $10.99 billion. During the same period in the prior year, the company posted $0.10 earnings per share. The firm’s quarterly revenue was up 20.4% compared to the same quarter last year. Research analysts forecast that Uber Technologies, Inc. will post 1.85 EPS for the current fiscal year.

Insider Transactions at Uber Technologies

In related news, insider Jill Hazelbaker sold 27,780 shares of the stock in a transaction on Monday, November 25th. The stock was 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 $7,821,368.10. This trade represents a 20.57 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 3.84% of the company’s stock.

Hedge Funds Weigh In On Uber Technologies

A number of large investors have recently bought and sold shares of the company. Truist Financial Corp boosted its holdings in Uber Technologies by 4.4% in the 2nd quarter. Truist Financial Corp now owns 490,554 shares of the ride-sharing company’s stock valued at $35,653,000 after purchasing an additional 20,815 shares in the last quarter. Sanctuary Advisors LLC purchased a new stake in shares of Uber Technologies in the second quarter valued at approximately $13,836,000. Anchor Investment Management LLC grew its holdings in Uber Technologies by 2.5% during the second quarter. Anchor Investment Management LLC now owns 30,963 shares of the ride-sharing company’s stock worth $2,250,000 after acquiring an additional 748 shares during the period. Centaurus Financial Inc. raised its position in Uber Technologies by 59.2% in the second quarter. Centaurus Financial Inc. now owns 14,266 shares of the ride-sharing company’s stock worth $1,037,000 after acquiring an additional 5,307 shares in the last quarter. Finally, Massmutual Trust Co. FSB ADV lifted its holdings in Uber Technologies by 11.3% in the third quarter. Massmutual Trust Co. FSB ADV now owns 30,195 shares of the ride-sharing company’s stock valued at $2,269,000 after acquiring an additional 3,075 shares during the period. Hedge funds and other 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.