Uber Technologies (NYSE:UBER) Shares Up 0.6% – What’s Next?

Uber Technologies, Inc. (NYSE:UBER)’s stock price was up 0.6% on Tuesday . The stock traded as high as $68.84 and last traded at $66.68. Approximately 14,080,500 shares were traded during mid-day trading, a decline of 43% from the average daily volume of 24,785,389 shares. The stock had previously closed at $66.31.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. Wolfe Research lifted their price objective on shares of Uber Technologies from $90.00 to $92.00 and gave the stock an “outperform” rating in a research report on Friday, January 3rd. Tigress Financial boosted their price objective on shares of Uber Technologies from $96.00 to $103.00 and gave the stock a “buy” rating in a research report on Monday, November 25th. Wells Fargo & Company dropped their target price on shares of Uber Technologies from $97.00 to $90.00 and set an “overweight” rating on the stock in a research report on Friday, November 1st. The Goldman Sachs Group reissued a “buy” rating and issued a $96.00 price target on shares of Uber Technologies in a research report on Thursday, January 2nd. Finally, Daiwa America lowered Uber Technologies from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 17th. 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. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $91.53.

Uber Technologies Price Performance

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 market cap of $136.79 billion, a price-to-earnings ratio of 32.32, a P/E/G ratio of 0.75 and a beta of 1.36. The business has a 50-day moving average price of $67.20 and a 200 day moving average price of $70.59.

Uber Technologies (NYSE:UBER) last released its quarterly earnings results on Thursday, October 31st. The ride-sharing company reported $1.20 earnings per share for the quarter, beating analysts’ consensus estimates of $0.41 by $0.79. The business had revenue of $11.19 billion during the quarter, compared to analyst estimates of $10.99 billion. Uber Technologies had a return on equity of 33.46% and a net margin of 10.49%. Uber Technologies’s revenue for the quarter was up 20.4% on a year-over-year basis. During the same quarter last year, the company posted $0.10 EPS. As a group, research analysts expect that Uber Technologies, Inc. will post 1.89 earnings per share for the current fiscal year.

Insider Activity

In other 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 completion of the sale, the insider now directly owns 107,289 shares in the company, valued at $7,821,368.10. The trade was a 20.57 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 3.84% of the company’s stock.

Institutional Trading of Uber Technologies

A number of institutional investors have recently added to or reduced their stakes in the business. Farmers Trust Co. raised its holdings in Uber Technologies by 1.8% in the 4th quarter. Farmers Trust Co. now owns 45,323 shares of the ride-sharing company’s stock worth $2,734,000 after acquiring an additional 799 shares during the period. Fulton Bank N.A. lifted its position in shares of Uber Technologies by 86.5% in the 4th quarter. Fulton Bank N.A. now owns 22,337 shares of the ride-sharing company’s stock worth $1,347,000 after acquiring an additional 10,357 shares during the period. Diversified Trust Co boosted its stake in Uber Technologies by 3.7% during the fourth quarter. Diversified Trust Co now owns 15,667 shares of the ride-sharing company’s stock worth $945,000 after buying an additional 557 shares in the last quarter. Bangor Savings Bank acquired a new position in Uber Technologies in the fourth quarter worth about $572,000. Finally, APEIRON CAPITAL Ltd bought a new position in shares of Uber Technologies during the 4th quarter worth approximately $6,714,000. 80.24% of the stock is currently owned by institutional investors and hedge funds.

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.