Uber Technologies (NYSE:UBER) Stock Price Up 0.5% – Still a Buy?

Uber Technologies, Inc. (NYSE:UBER)’s share price rose 0.5% during mid-day trading on Tuesday . The company traded as high as $72.68 and last traded at $72.01. Approximately 4,917,607 shares traded hands during trading, a decline of 73% from the average daily volume of 18,101,535 shares. The stock had previously closed at $71.65.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the company. Benchmark reiterated a “hold” rating on shares of Uber Technologies in a research report on Friday, November 1st. Jefferies Financial Group boosted 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. Evercore ISI lifted their price objective on shares of Uber Technologies from $90.00 to $120.00 and gave the stock an “outperform” rating in a research report on Thursday, October 31st. Loop Capital increased their target price on Uber Technologies from $84.00 to $86.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. Finally, Cantor Fitzgerald reiterated an “overweight” rating and set a $90.00 price target on shares of Uber Technologies in a report on Monday, October 7th. Six research analysts have rated the stock with a hold rating, thirty-two have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $90.32.

Uber Technologies Stock Up 0.4 %

The company’s 50 day simple moving average is $75.40 and its 200-day simple moving average is $71.00. The firm has a market capitalization of $150.43 billion, a PE ratio of 36.11, a PEG ratio of 0.71 and a beta of 1.34. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.41 and a current ratio of 1.41.

Uber Technologies (NYSE:UBER) last announced its earnings results 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. Uber Technologies had a return on equity of 33.46% and a net margin of 10.49%. The business had revenue of $11.19 billion for the quarter, compared to analyst estimates of $10.99 billion. During the same period in the prior year, the company earned $0.10 EPS. The company’s quarterly revenue was up 20.4% compared to the same quarter last year. On average, analysts forecast that Uber Technologies, Inc. will post 1.83 EPS for the current fiscal year.

Insider Buying and Selling at Uber Technologies

In related news, insider Jill Hazelbaker sold 40,000 shares of the business’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $72.00, for a total transaction of $2,880,000.00. Following the transaction, the insider now owns 127,352 shares in the company, valued at $9,169,344. The trade was a 23.90 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 3.84% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Avantax Advisory Services Inc. boosted its holdings in Uber Technologies by 24.2% in the first quarter. Avantax Advisory Services Inc. now owns 25,169 shares of the ride-sharing company’s stock worth $1,938,000 after acquiring an additional 4,898 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its holdings in Uber Technologies by 54.9% in the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 309,091 shares of the ride-sharing company’s stock worth $23,797,000 after buying an additional 109,532 shares in the last quarter. Kingsview Wealth Management LLC lifted its stake in Uber Technologies by 5.6% during the 1st quarter. Kingsview Wealth Management LLC now owns 12,784 shares of the ride-sharing company’s stock valued at $984,000 after acquiring an additional 680 shares during the period. Orion Portfolio Solutions LLC raised its holdings in shares of Uber Technologies by 19.0% during the first quarter. Orion Portfolio Solutions LLC now owns 25,216 shares of the ride-sharing company’s stock valued at $1,941,000 after purchasing an additional 4,024 shares during the last quarter. Finally, ProVise Management Group LLC boosted its stake in shares of Uber Technologies by 14.3% in the 1st quarter. ProVise Management Group LLC now owns 4,005 shares of the ride-sharing company’s stock worth $308,000 after buying an additional 500 shares during the last quarter. Hedge funds and other institutional investors own 80.24% of the company’s stock.

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.