Uber Technologies (NYSE:UBER) Trading 2.7% Higher – What’s Next?

Uber Technologies, Inc. (NYSE:UBER)’s share price traded up 2.7% on Friday . The company traded as high as $97.07 and last traded at $96.76. 4,634,367 shares changed hands during mid-day trading, a decline of 79% from the average session volume of 21,917,646 shares. The stock had previously closed at $94.23.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Loop Capital reiterated a “buy” rating and issued a $105.00 price objective (up previously from $89.00) on shares of Uber Technologies in a research report on Wednesday, May 21st. Susquehanna upped their price objective on shares of Uber Technologies from $100.00 to $105.00 and gave the stock a “positive” rating in a research report on Thursday, August 7th. Bank of America upped their price objective on shares of Uber Technologies from $97.00 to $115.00 and gave the stock a “buy” rating in a research report on Tuesday, July 8th. Sanford C. Bernstein upped their price objective on shares of Uber Technologies from $95.00 to $110.00 and gave the stock an “outperform” rating in a research report on Monday, July 21st. Finally, Wall Street Zen downgraded shares of Uber Technologies from a “buy” rating to a “hold” rating in a research report on Saturday, August 9th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and ten have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $102.82.

Uber Technologies Stock Up 2.6%

The firm has a market cap of $201.66 billion, a PE ratio of 16.47, a PEG ratio of 1.11 and a beta of 1.43. The business’s 50 day moving average price is $91.08 and its 200 day moving average price is $82.93. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.11 and a quick ratio of 1.11.

Uber Technologies (NYSE:UBER) last released its earnings results on Wednesday, August 6th. The ride-sharing company reported $0.63 EPS for the quarter, topping analysts’ consensus estimates of $0.61 by $0.02. Uber Technologies had a net margin of 26.68% and a return on equity of 59.96%. The business had revenue of $12.65 billion during the quarter, compared to analysts’ expectations of $12.45 billion. During the same quarter in the previous year, the company earned $0.47 earnings per share. The company’s quarterly revenue was up 18.2% on a year-over-year basis. On average, equities research analysts expect that Uber Technologies, Inc. will post 2.54 earnings per share for the current year.

Insider Activity

In related news, SVP Nikki Krishnamurthy sold 11,571 shares of the company’s stock in a transaction dated Friday, August 15th. The shares were sold at an average price of $91.74, for a total transaction of $1,061,523.54. Following the completion of the sale, the senior vice president owned 416,222 shares of the company’s stock, valued at approximately $38,184,206.28. This represents a 2.70% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the company’s stock in a transaction dated Monday, July 7th. The shares were sold at an average price of $95.00, for a total transaction of $261,250.00. Following the sale, the chief financial officer directly owned 21,975 shares of the company’s stock, valued at approximately $2,087,625. This represents a 11.12% decrease in their position. The disclosure for this sale can be found here. 3.84% of the stock is currently owned by corporate insiders.

Institutional Trading of Uber Technologies

Several large investors have recently bought and sold shares of UBER. Brighton Jones LLC grew its stake in Uber Technologies by 3.4% during the 4th quarter. Brighton Jones LLC now owns 74,460 shares of the ride-sharing company’s stock valued at $4,491,000 after acquiring an additional 2,474 shares in the last quarter. Revolve Wealth Partners LLC grew its stake in shares of Uber Technologies by 65.0% in the 4th quarter. Revolve Wealth Partners LLC now owns 15,563 shares of the ride-sharing company’s stock valued at $939,000 after buying an additional 6,129 shares during the period. Bank Pictet & Cie Europe AG purchased a new stake in shares of Uber Technologies in the 4th quarter valued at approximately $395,000. Coppell Advisory Solutions LLC grew its stake in shares of Uber Technologies by 114.2% in the 4th quarter. Coppell Advisory Solutions LLC now owns 1,596 shares of the ride-sharing company’s stock valued at $97,000 after buying an additional 851 shares during the period. Finally, Integrated Wealth Concepts LLC grew its stake in shares of Uber Technologies by 33.5% in the 4th quarter. Integrated Wealth Concepts LLC now owns 48,516 shares of the ride-sharing company’s stock valued at $2,927,000 after buying an additional 12,163 shares during the period. 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.