Uber Technologies (NYSE:UBER) Stock Price Up 0.6% – Time to Buy?

Uber Technologies, Inc. (NYSE:UBER)’s share price rose 0.6% during trading on Tuesday . The stock traded as high as $68.84 and last traded at $66.68. Approximately 14,080,500 shares were traded during 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

UBER has been the subject of a number of research reports. Cantor Fitzgerald reiterated an “overweight” rating and set a $90.00 target price on shares of Uber Technologies in a research note on Wednesday, December 18th. Tigress Financial increased their target price on Uber Technologies from $96.00 to $103.00 and gave the company a “buy” rating in a report on Monday, November 25th. Wells Fargo & Company cut their price target on Uber Technologies from $97.00 to $90.00 and set an “overweight” rating for the company in a research note on Friday, November 1st. Wolfe Research increased their price objective on shares of Uber Technologies from $90.00 to $92.00 and gave the stock an “outperform” rating in a research note on Friday, January 3rd. Finally, Raymond James assumed coverage on shares of Uber Technologies in a research report on Tuesday, September 24th. They set a “strong-buy” rating and a $90.00 target price for the company. 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’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $91.53.

Uber Technologies Stock Down 1.8 %

The business’s 50 day moving average is $67.20 and its 200 day moving average is $70.59. 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 has a market cap of $136.79 billion, a P/E ratio of 32.32, a P/E/G ratio of 0.75 and a beta of 1.36.

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

Insider Buying and Selling at Uber Technologies

In related news, insider Jill Hazelbaker sold 27,780 shares of the firm’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $72.90, for a total transaction 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 $7,821,368.10. This trade represents a 20.57 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 3.84% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Uber Technologies

A number of institutional investors have recently modified their holdings of the business. LGT Fund Management Co Ltd. acquired a new stake in shares of Uber Technologies in the 2nd quarter worth $567,000. Royal London Asset Management Ltd. increased its position in shares of Uber Technologies by 3.0% during the second quarter. Royal London Asset Management Ltd. now owns 814,543 shares of the ride-sharing company’s stock valued at $59,201,000 after acquiring an additional 23,450 shares during the last quarter. Van Hulzen Asset Management LLC raised its position in Uber Technologies by 3.4% in the second quarter. Van Hulzen Asset Management LLC now owns 7,603 shares of the ride-sharing company’s stock valued at $553,000 after purchasing an additional 248 shares during the period. Coldstream Capital Management Inc. raised its holdings in shares of Uber Technologies by 8.2% in the 2nd quarter. Coldstream Capital Management Inc. now owns 16,229 shares of the ride-sharing company’s stock valued at $1,180,000 after buying an additional 1,235 shares during the period. Finally, Angeles Wealth Management LLC lifted its stake in Uber Technologies by 4.6% during the 2nd quarter. Angeles Wealth Management LLC now owns 6,306 shares of the ride-sharing company’s stock worth $458,000 after acquiring an additional 275 shares in the last quarter. 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.