Uber Technologies (NYSE:UBER) Shares Up 3% – Should You Buy?

Uber Technologies, Inc. (NYSE:UBER) shares shot up 3% on Tuesday . The company traded as high as $69.54 and last traded at $69.33. 7,667,450 shares traded hands during trading, a decline of 69% from the average session volume of 24,342,605 shares. The stock had previously closed at $67.29.

Analysts Set New Price Targets

A number of research firms recently weighed in on UBER. UBS Group lowered their target price on shares of Uber Technologies from $114.00 to $107.00 and set a “buy” rating on the stock in a research note on Monday. Jefferies Financial Group lifted their price target on shares of Uber Technologies from $100.00 to $105.00 and gave the company a “buy” rating in a report on Tuesday, October 22nd. DA Davidson lifted their price target on shares of Uber Technologies from $82.00 to $84.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. The Goldman Sachs Group reiterated a “buy” rating and issued a $96.00 price target on shares of Uber Technologies in a report on Thursday, January 2nd. Finally, KeyCorp reduced their price target on shares of Uber Technologies from $90.00 to $85.00 and set an “overweight” rating on the stock in a report on Friday, November 1st. Seven analysts have rated the stock with a hold rating, thirty-one have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $90.89.

Uber Technologies Trading Up 4.0 %

The company has a market capitalization of $147.30 billion, a price-to-earnings ratio of 34.80, a P/E/G ratio of 0.77 and a beta of 1.39. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.70. The company’s 50 day simple moving average is $65.61 and its two-hundred day simple moving average is $70.09.

Insiders Place Their Bets

In other Uber Technologies 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 completion of the transaction, the insider now owns 107,289 shares of the company’s stock, valued at approximately $7,821,368.10. The trade was a 20.57 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 3.80% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Ascent Wealth Partners LLC acquired a new stake in shares of Uber Technologies in the third quarter valued at about $2,087,000. Teachers Retirement System of The State of Kentucky boosted its position in Uber Technologies by 4.4% during the third quarter. Teachers Retirement System of The State of Kentucky now owns 321,726 shares of the ride-sharing company’s stock worth $24,180,000 after acquiring an additional 13,433 shares during the last quarter. Aviso Wealth Management acquired a new position in Uber Technologies during the third quarter worth about $2,302,000. Polianta Ltd acquired a new position in Uber Technologies during the fourth quarter worth about $1,206,000. Finally, Brophy Wealth Management LLC acquired a new position in Uber Technologies during the third quarter worth about $1,041,000. 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.