Uber Technologies (NYSE:UBER) Stock Price Up 1.7% – Here’s What Happened

Uber Technologies, Inc. (NYSE:UBER)’s stock price traded up 1.7% during mid-day trading on Thursday . The company traded as high as $77.16 and last traded at $77.13. 3,280,574 shares were traded during mid-day trading, a decline of 88% from the average session volume of 27,309,697 shares. The stock had previously closed at $75.87.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. Truist Financial lowered their target price on Uber Technologies from $99.00 to $95.00 and set a “buy” rating for the company in a research note on Friday, November 1st. KeyCorp lowered their price target on shares of Uber Technologies from $90.00 to $85.00 and set an “overweight” rating for the company in a report on Friday, November 1st. Cantor Fitzgerald restated an “overweight” rating and set a $80.00 price objective on shares of Uber Technologies in a research report on Thursday, February 6th. Citigroup dropped their target price on Uber Technologies from $98.00 to $92.00 and set a “buy” rating for the company in a research report on Thursday, February 6th. Finally, UBS Group restated a “buy” rating on shares of Uber Technologies in a report on Friday, February 21st. Eight investment analysts have rated the stock with a hold rating, twenty-seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Uber Technologies presently has an average rating of “Moderate Buy” and an average target price of $90.94.

Uber Technologies Stock Performance

The firm has a market capitalization of $155.00 billion, a PE ratio of 16.27, a P/E/G ratio of 0.89 and a beta of 1.39. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.07 and a quick ratio of 1.41. The company’s fifty day simple moving average is $68.94 and its 200 day simple moving average is $71.47.

Uber Technologies (NYSE:UBER) last released its quarterly earnings data on Wednesday, February 5th. The ride-sharing company reported $3.21 EPS for the quarter, topping the consensus estimate of $0.50 by $2.71. Uber Technologies had a net margin of 22.41% and a return on equity of 62.60%. As a group, equities research analysts expect that Uber Technologies, Inc. will post 2.54 EPS for the current fiscal year.

Insider Activity

In other Uber Technologies news, insider Jill Hazelbaker sold 31,000 shares of the stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $81.02, for a total value of $2,511,620.00. Following the sale, the insider now directly owns 86,973 shares in the company, valued at $7,046,552.46. This represents a 26.28 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 3.80% of the stock is owned by company insiders.

Hedge Funds Weigh In On Uber Technologies

Several hedge funds and other institutional investors have recently added to or reduced their stakes in UBER. Avion Wealth boosted its position in shares of Uber Technologies by 96.0% during the 4th quarter. Avion Wealth now owns 445 shares of the ride-sharing company’s stock valued at $26,000 after acquiring an additional 218 shares during the last quarter. Transce3nd LLC bought a new stake in Uber Technologies during the fourth quarter valued at approximately $27,000. Fourth Dimension Wealth LLC purchased a new position in Uber Technologies in the 4th quarter worth approximately $27,000. Runnymede Capital Advisors Inc. bought a new position in shares of Uber Technologies in the 4th quarter worth $28,000. Finally, GHP Investment Advisors Inc. raised its position in shares of Uber Technologies by 85.1% during the 4th quarter. GHP Investment Advisors Inc. now owns 485 shares of the ride-sharing company’s stock valued at $29,000 after buying an additional 223 shares in the last quarter. 80.24% of the stock is currently owned by hedge funds and other 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.