Uber Technologies, Inc. (NYSE:UBER) Short Interest Update

Uber Technologies, Inc. (NYSE:UBER) was the target of a significant decrease in short interest in December. As of December 31st, there was short interest totalling 52,340,000 shares, a decrease of 15.7% from the December 15th total of 62,100,000 shares. Based on an average trading volume of 24,050,000 shares, the short-interest ratio is currently 2.2 days.

Analyst Upgrades and Downgrades

UBER has been the topic of a number of analyst reports. Gordon Haskett upgraded shares of Uber Technologies from a “hold” rating to a “buy” rating and set a $85.00 target price on the stock in a report on Thursday, October 31st. Daiwa America downgraded Uber Technologies from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 17th. Daiwa Capital Markets cut Uber Technologies from an “outperform” rating to a “neutral” rating and set a $84.00 target price on the stock. in a research report on Thursday, October 17th. 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, Loop Capital lifted their price objective on shares of Uber Technologies from $84.00 to $86.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. Seven investment analysts have rated the stock with a hold rating, thirty-one have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $91.53.

Uber Technologies Price Performance

Shares of UBER stock traded down $1.28 during trading hours on Friday, hitting $67.30. 27,057,083 shares of the company’s stock were exchanged, compared to its average volume of 22,576,684. The company has a market capitalization of $141.71 billion, a PE ratio of 33.48, a PEG ratio of 0.71 and a beta of 1.36. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.70. Uber Technologies has a 12-month low of $54.84 and a 12-month high of $87.00. The business’s 50 day simple moving average is $66.24 and its 200-day simple moving average is $70.36.

Uber Technologies (NYSE:UBER) last issued its earnings results on Thursday, October 31st. The ride-sharing company reported $1.20 EPS for the quarter, topping analysts’ consensus estimates of $0.41 by $0.79. Uber Technologies had a net margin of 10.49% and a return on equity of 33.46%. The company had revenue of $11.19 billion for the quarter, compared to analysts’ expectations of $10.99 billion. During the same quarter last year, the company earned $0.10 EPS. The firm’s revenue was up 20.4% compared to the same quarter last year. On average, equities research analysts anticipate that Uber Technologies will post 1.9 earnings per share for the current year.

Insiders Place Their Bets

In other Uber Technologies news, insider Jill Hazelbaker sold 27,780 shares of the company’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 transaction, the insider now owns 107,289 shares in the company, valued at approximately $7,821,368.10. This represents a 20.57 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 3.80% of the company’s stock.

Institutional Investors Weigh In On Uber Technologies

Several institutional investors have recently added to or reduced their stakes in the company. Secure Asset Management LLC bought a new stake in Uber Technologies in the fourth quarter valued at $288,000. Galvin Gaustad & Stein LLC boosted its stake in shares of Uber Technologies by 34.6% during the 4th quarter. Galvin Gaustad & Stein LLC now owns 297,545 shares of the ride-sharing company’s stock valued at $17,948,000 after purchasing an additional 76,437 shares in the last quarter. Avior Wealth Management LLC increased its position in shares of Uber Technologies by 3,154.4% during the fourth quarter. Avior Wealth Management LLC now owns 22,032 shares of the ride-sharing company’s stock valued at $1,329,000 after buying an additional 21,355 shares during the period. Teamwork Financial Advisors LLC raised its stake in Uber Technologies by 1,907.1% in the fourth quarter. Teamwork Financial Advisors LLC now owns 140,032 shares of the ride-sharing company’s stock worth $8,447,000 after buying an additional 133,055 shares in the last quarter. Finally, Raleigh Capital Management Inc. boosted its position in Uber Technologies by 116.8% during the 4th quarter. Raleigh Capital Management Inc. now owns 6,791 shares of the ride-sharing company’s stock valued at $410,000 after acquiring an additional 3,658 shares in 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.