Uber Technologies (NYSE:UBER) Trading Up 0.7% – Here’s What Happened

Uber Technologies, Inc. (NYSE:UBER) was up 0.7% during mid-day trading on Wednesday . The company traded as high as $68.43 and last traded at $68.21. Approximately 5,125,070 shares were traded during mid-day trading, a decline of 80% from the average daily volume of 25,578,174 shares. The stock had previously closed at $67.74.

Analysts Set New Price Targets

A number of brokerages have recently commented on UBER. Wells Fargo & Company cut their price target on shares of Uber Technologies from $97.00 to $90.00 and set an “overweight” rating on the stock in a report on Friday, November 1st. Raymond James began coverage on Uber Technologies in a research report on Tuesday, September 24th. They issued a “strong-buy” rating and a $90.00 price target on the stock. The Goldman Sachs Group restated a “buy” rating and set a $96.00 price objective on shares of Uber Technologies in a research report on Thursday, January 2nd. Benchmark reiterated a “hold” rating on shares of Uber Technologies in a report on Friday, November 1st. Finally, DA Davidson raised their price target on shares of Uber Technologies from $82.00 to $84.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. Seven analysts have rated the stock with a hold rating, thirty-one have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $91.53.

Uber Technologies Trading Up 0.8 %

The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.41 and a current ratio of 1.41. The stock has a 50-day moving average price of $66.16 and a 200-day moving average price of $70.33. The stock has a market cap of $143.81 billion, a P/E ratio of 33.98, a P/E/G ratio of 0.72 and a beta of 1.36.

Uber Technologies (NYSE:UBER) last issued its earnings results on Thursday, October 31st. The ride-sharing company reported $1.20 EPS for the quarter, topping analysts’ consensus estimates of $0.41 by $0.79. Uber Technologies had a net margin of 10.49% and a return on equity of 33.46%. The company had revenue of $11.19 billion for the quarter, compared to analysts’ expectations of $10.99 billion. During the same quarter last year, the company earned $0.10 EPS. The firm’s revenue was up 20.4% compared to the same quarter last year. On average, equities research analysts expect that Uber Technologies, Inc. will post 1.91 EPS for the current year.

Insider Buying and Selling at Uber Technologies

In related news, insider Jill Hazelbaker sold 27,780 shares of Uber Technologies stock in a transaction on Monday, November 25th. The shares were sold at an average price of $72.90, for a total value of $2,025,162.00. Following the sale, the insider now owns 107,289 shares in the company, valued at $7,821,368.10. The trade was a 20.57 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 3.80% of the stock is currently owned by corporate insiders.

Institutional Trading of Uber Technologies

Hedge funds and other institutional investors have recently modified their holdings of the business. CENTRAL TRUST Co lifted its stake in shares of Uber Technologies by 12.3% in the 3rd quarter. CENTRAL TRUST Co now owns 1,160 shares of the ride-sharing company’s stock worth $87,000 after purchasing an additional 127 shares during the period. Procyon Advisors LLC increased its holdings in shares of Uber Technologies by 2.1% in the third quarter. Procyon Advisors LLC now owns 6,326 shares of the ride-sharing company’s stock worth $476,000 after purchasing an additional 131 shares during the last quarter. DT Investment Partners LLC increased its position in Uber Technologies by 21.4% in the third quarter. DT Investment Partners LLC now owns 821 shares of the ride-sharing company’s stock worth $62,000 after purchasing an additional 145 shares during the last quarter. Jmac Enterprises LLC raised its position in shares of Uber Technologies by 2.1% during the 3rd quarter. Jmac Enterprises LLC now owns 7,340 shares of the ride-sharing company’s stock valued at $552,000 after buying an additional 150 shares in the last quarter. Finally, Canopy Partners LLC increased its position in shares of Uber Technologies by 2.2% during the 3rd quarter. Canopy Partners LLC now owns 6,958 shares of the ride-sharing company’s stock valued at $523,000 after purchasing an additional 151 shares during the last quarter. 80.24% of the stock is owned by hedge funds and other 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.