Uber Technologies (NYSE:UBER) Stock Price Up 0% – What’s Next?

Uber Technologies, Inc. (NYSE:UBER) traded up 0% during mid-day trading on Tuesday . The stock traded as high as $68.15 and last traded at $67.36. 6,956,407 shares traded hands during mid-day trading, a decline of 73% from the average session volume of 26,000,922 shares. The stock had previously closed at $67.34.

Analyst Upgrades and Downgrades

UBER has been the subject of a number of recent research reports. Loop Capital upped their price objective on Uber Technologies from $84.00 to $86.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. BMO Capital Markets restated an “outperform” rating and set a $92.00 price target on shares of Uber Technologies in a research report on Friday, October 11th. Needham & Company LLC reaffirmed a “buy” rating and issued a $90.00 price objective on shares of Uber Technologies in a report on Thursday, October 31st. Tigress Financial boosted their target price on shares of Uber Technologies from $96.00 to $103.00 and gave the company a “buy” rating in a research note on Monday, November 25th. Finally, Wolfe Research raised their price target 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. Seven investment analysts have rated the stock with a hold rating, thirty-one have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Uber Technologies has an average rating of “Moderate Buy” and a consensus target price of $91.53.

Uber Technologies Trading Up 0.7 %

The stock has a market capitalization of $143.77 billion, a price-to-earnings ratio of 33.97, a price-to-earnings-growth ratio of 0.73 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 company has a fifty day moving average of $66.02 and a two-hundred day moving average of $70.29.

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

Insider Activity

In related news, insider Jill Hazelbaker sold 27,780 shares of Uber Technologies stock in a transaction dated 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 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 3.84% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of UBER. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its position in Uber Technologies by 61.7% in the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 358,834 shares of the ride-sharing company’s stock worth $26,080,000 after purchasing an additional 136,966 shares in the last quarter. ELCO Management Co. LLC lifted its position in shares of Uber Technologies by 8.8% during the 2nd quarter. ELCO Management Co. LLC now owns 6,160 shares of the ride-sharing company’s stock worth $448,000 after buying an additional 500 shares during the period. Caxton Associates LP boosted its stake in Uber Technologies by 65.8% in the 2nd quarter. Caxton Associates LP now owns 22,355 shares of the ride-sharing company’s stock valued at $1,625,000 after buying an additional 8,872 shares in the last quarter. Alden Global Capital LLC bought a new stake in Uber Technologies in the second quarter valued at $8,624,000. Finally, Armistice Capital LLC raised its stake in Uber Technologies by 37.0% during the second quarter. Armistice Capital LLC now owns 264,894 shares of the ride-sharing company’s stock worth $19,252,000 after acquiring an additional 71,598 shares in the last quarter. 80.24% of the stock is owned by 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.