Uber Technologies (NYSE:UBER) Trading Up 1.1%

Shares of Uber Technologies, Inc. (NYSE:UBER) rose 1.1% on Thursday . The stock traded as high as $72.62 and last traded at $72.32. Approximately 1,707,534 shares traded hands during mid-day trading, a decline of 91% from the average daily volume of 18,373,252 shares. The stock had previously closed at $71.56.

Analyst Ratings Changes

A number of research analysts have recently commented on UBER shares. Piper Sandler increased their target price on Uber Technologies from $86.00 to $88.00 and gave the company an “overweight” rating in a research report on Tuesday, June 25th. Bank of America restated a “buy” rating and issued a $88.00 price target on shares of Uber Technologies in a research report on Friday, August 23rd. Melius Research began coverage on shares of Uber Technologies in a report on Monday, July 22nd. They set a “hold” rating and a $77.00 target price on the stock. Roth Mkm boosted their price target on shares of Uber Technologies from $89.00 to $90.00 and gave the company a “buy” rating in a report on Wednesday, August 7th. Finally, DA Davidson boosted their price target on shares of Uber Technologies from $81.00 to $82.00 and gave the company a “buy” rating in a report on Wednesday, August 7th. Four investment analysts have rated the stock with a hold rating and thirty-one have given a buy rating to the stock. Based on data from MarketBeat, Uber Technologies has a consensus rating of “Moderate Buy” and a consensus price target 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 stock’s 50-day simple moving average is $69.53 and its two-hundred day simple moving average is $71.26. The company has a market capitalization of $146.18 billion, a price-to-earnings ratio of 112.26, a PEG ratio of 1.28 and a beta of 1.33.

Uber Technologies (NYSE:UBER) last released its earnings results on Tuesday, August 6th. The ride-sharing company reported $0.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $10.57 billion. During the same quarter in the prior year, the firm earned $0.18 earnings per share. The company’s revenue for the quarter was up 15.9% compared to the same quarter last year. Equities research analysts predict that Uber Technologies, Inc. will post 1.05 earnings per share for the current year.

Insider Transactions at Uber Technologies

In related news, CEO Dara Khosrowshahi sold 500,000 shares of the company’s stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $71.91, for a total value of $35,955,000.00. Following the completion of the sale, the chief executive officer now owns 1,266,114 shares of the company’s stock, valued at $91,046,257.74. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Uber Technologies news, insider Tony West sold 28,000 shares of the stock in a transaction dated Thursday, June 13th. The shares were sold at an average price of $70.67, for a total transaction of $1,978,760.00. Following the completion of the transaction, the insider now owns 96,945 shares of the company’s stock, valued at $6,851,103.15. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Dara Khosrowshahi sold 500,000 shares of the stock in a transaction dated Monday, July 15th. The stock was 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 approximately $91,046,257.74. The disclosure for this sale can be found here. Insiders own 3.84% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of UBER. Sanctuary Advisors LLC acquired a new stake in shares of Uber Technologies during the second quarter worth about $13,836,000. Souders Financial Advisors lifted its position in shares of Uber Technologies by 60.1% during the second quarter. Souders Financial Advisors now owns 17,030 shares of the ride-sharing company’s stock worth $1,238,000 after purchasing an additional 6,396 shares in the last quarter. Clearbridge Investments LLC lifted its position in shares of Uber Technologies by 9.6% during the second quarter. Clearbridge Investments LLC now owns 12,244,856 shares of the ride-sharing company’s stock worth $889,956,000 after purchasing an additional 1,076,876 shares in the last quarter. Dana Investment Advisors Inc. lifted its position in shares of Uber Technologies by 140.0% during the second quarter. Dana Investment Advisors Inc. now owns 364,634 shares of the ride-sharing company’s stock worth $26,502,000 after purchasing an additional 212,703 shares in the last quarter. Finally, Ariadne Wealth Management LP acquired a new stake in shares of Uber Technologies during the second quarter worth about $228,000. Hedge funds and other institutional investors own 80.24% of the company’s stock.

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.