Uber Technologies (NYSE:UBER) Trades 0.6% Higher

Shares of Uber Technologies, Inc. (NYSE:UBER – Get Your Free Report ) was up 0.6% during mid-day trading on Thursday. The stock traded as high as $74.12 and last traded at $73.91. 1,477,090 shares changed hands during trading, down 92% from the session’s average volume of 18,815,482 shares. Shares previously closed at $73.48.

Analyst upgrades and downgrades

A number of research analysts recently weighed in on UBER shares. Oppenheimer reissued an “outperform” rating and issued a $90.00 target price on shares of Uber Technologies in a report on Wednesday, June 5th. Citigroup lifted their price objective on shares of Uber Technologies from $96.00 to $98.00 and gave the stock a “buy” rating in a research note on Wednesday, August 7th. JMP Securities upped their target price on shares of Uber Technologies from $75.00 to $80.00 and gave the company a “market outperform” rating in a research report on Wednesday, August 7th. Wells Fargo & Company raised their target price on Uber Technologies from $91.00 to $97.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 7th. Finally, Evercore ISI boosted their price objective on Uber Technologies from $80.00 to $90.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 7th. Four investment analysts have rated the stock with a hold rating and thirty have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Moderate Buy” and a consensus price target of $87.50, based on data from MarketBeat.com.

See the latest stock analysis on UBER

Uber Technologies stock rose 1.3%

The firm has a market cap of $155.19 billion, a price-to-earnings ratio of 119.79, a PEG ratio of 1.30 and a beta of 1.36. 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 firm has a fifty day moving average price of $69.28 and a 200 day moving average price of $71.39.

Uber Technologies (NYSE:UBER – Get Your Free Report ) last posted its quarterly earnings results on Tuesday, August 6th. The ride-sharing company reported $0.47 EPS for the quarter, topping the consensus estimate of $0.31 by $0.16. Uber Technologies had a net margin of 5.02% and a return on equity of 17.06%. The firm had revenue of $10.70 billion during the quarter, compared to analyst estimates of $10.57 billion. In the same quarter last year, the company posted earnings of $0.18 per share. Uber Technologies’ revenue for the quarter was up 15.9% compared to the same quarter last year. As a group, sell-side analysts forecast that Uber Technologies, Inc. will post 1.04 EPS for the current year.

Insider work at Uber Technologies

In related news, CEO Dara Khosrowshahi sold 500,000 shares of the business’s stock in a transaction that occurred on Monday, July 15th. The shares were 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible via this hyperlink. In other news, CEO Dara Khosrowshahi sold 500,000 shares of Uber Technologies stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $71.91, for a total transaction of $35,955,000.00. Following the sale, the chief executive officer now directly owns 1,266,114 shares of the company’s stock, valued at $91,046,257.74. The sale was disclosed in a filing with the SEC, which can be accessed via this hyperlink. Also, insider Tony West sold 89,234 shares of Uber Technologies stock in a transaction dated Thursday, June 6th. The shares were sold at an average price of $68.18, for a total transaction of $6,083,974.12. Following the completion of the sale, the insider now owns 124,945 shares of the company’s stock, valued at approximately $8,518,750.10. The disclosure for this sale can be found here. Over the last three months, insiders have sold 617,234 shares of company stock worth $44,017,734. Corporate insiders own 3.84% of the company’s shares.

Institutional investors are stepping in on Uber Technologies

Institutional investors and hedge funds have recently bought and sold shares of the company. US Bancorp DE grew its holdings in Uber Technologies by 2.5% in the 4th quarter. US Bancorp DE now owns 995,783 shares of the ride-sharing company’s stock worth $61,310,000 after purchasing an additional 24,059 shares in the last quarter. Brookstone Capital Management raised its stake in shares of Uber Technologies by 19.0% in the second quarter. Brookstone Capital Management now owns 161,494 shares of the ride-sharing company’s stock worth $11,082,000 after purchasing an additional 25,814 shares in the last quarter. US Capital Wealth Advisors LLC boosted its holdings in shares of Uber Technologies by 26.4% during the second quarter. US Capital Wealth Advisors LLC now owns 41,254 shares of the transit company’s stock valued at $2,998,000 after acquiring an additional 8,614 shares during the period. CIBC Private Wealth Group LLC boosted its stake in shares of Uber Technologies by 70.3% during the fourth quarter. CIBC Private Wealth Group LLC now owns 15,568 shares of the transit company’s stock valued at $959,000 after purchasing an additional 6,426 shares in the last quarter. Finally, Meyer Handelman Co. acquired a new stake in Uber Technologies in the 1st quarter valued at about $1,170,000. Institutional investors and hedge funds own 80.24% of the company’s shares.

About Uber Technologies

(Get a free report)

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 wide range of transportation modes, such as ridesharing, carsharing, micromobility, rentals, public transportation, taxis, and other modes; and offers travelers in a variety of vehicle types, as well as financial partnership products and advertising services.

Further reading

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