Uber Technologies (NYSE:UBER) Stock Price Up 2.4% – Should You Buy?

Uber Technologies, Inc. (NYSE:UBERGet Free Report)’s stock price traded up 2.4% during trading on Monday . The stock traded as high as $82.25 and last traded at $81.2420. 19,694,861 shares were traded during mid-day trading, a decline of 5% from the average session volume of 20,768,619 shares. The stock had previously closed at $79.31.

Uber Technologies News Roundup

Here are the key news stories impacting Uber Technologies this week:

Analyst Upgrades and Downgrades

UBER has been the subject of a number of recent research reports. Royal Bank Of Canada set a $110.00 target price on Uber Technologies in a research note on Wednesday, November 5th. UBS Group set a $122.00 price objective on shares of Uber Technologies and gave the stock a “buy” rating in a research report on Wednesday, November 5th. Morgan Stanley decreased their target price on shares of Uber Technologies from $115.00 to $110.00 and set an “overweight” rating on the stock in a report on Monday, December 8th. Needham & Company LLC restated a “buy” rating and set a $109.00 price target on shares of Uber Technologies in a report on Tuesday, November 4th. Finally, Benchmark reiterated a “hold” rating on shares of Uber Technologies in a report on Tuesday, October 28th. Two analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating and nine have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Uber Technologies presently has a consensus rating of “Moderate Buy” and an average target price of $108.43.

Read Our Latest Report on Uber Technologies

Uber Technologies Trading Up 0.2%

The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.37. The business has a 50-day simple moving average of $89.27 and a 200-day simple moving average of $91.55. The company has a market cap of $168.60 billion, a PE ratio of 10.43 and a beta of 1.19.

Uber Technologies (NYSE:UBERGet Free Report) last issued its quarterly earnings data on Tuesday, November 4th. The ride-sharing company reported $3.11 earnings per share for the quarter, beating analysts’ consensus estimates of $0.67 by $2.44. Uber Technologies had a return on equity of 68.17% and a net margin of 33.54%.The business had revenue of $13.47 billion during the quarter, compared to analysts’ expectations of $13.25 billion. During the same period in the previous year, the firm posted $1.20 earnings per share. The company’s revenue was up 20.4% on a year-over-year basis. On average, analysts predict that Uber Technologies, Inc. will post 2.54 EPS for the current fiscal year.

Insider Activity

In other Uber Technologies news, CFO Prashanth Mahendra-Rajah sold 5,500 shares of the stock in a transaction that occurred on Wednesday, November 12th. The shares were sold at an average price of $94.41, for a total transaction of $519,255.00. Following the sale, the chief financial officer directly owned 20,330 shares in the company, valued at $1,919,355.30. This represents a 21.29% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Tony West sold 3,125 shares of the business’s stock in a transaction on Thursday, December 18th. The stock was sold at an average price of $80.36, for a total transaction of $251,125.00. Following the completion of the transaction, the insider owned 175,423 shares of the company’s stock, valued at approximately $14,096,992.28. This trade represents a 1.75% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 14,875 shares of company stock worth $1,348,818 in the last three months. Corporate insiders own 3.84% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Brighton Jones LLC grew its position in shares of Uber Technologies by 3.4% during the fourth quarter. Brighton Jones LLC now owns 74,460 shares of the ride-sharing company’s stock worth $4,491,000 after buying an additional 2,474 shares in the last quarter. Revolve Wealth Partners LLC grew its holdings in Uber Technologies by 65.0% during the 4th quarter. Revolve Wealth Partners LLC now owns 15,563 shares of the ride-sharing company’s stock worth $939,000 after acquiring an additional 6,129 shares in the last quarter. Bison Wealth LLC increased its position in shares of Uber Technologies by 20.3% in the 4th quarter. Bison Wealth LLC now owns 3,792 shares of the ride-sharing company’s stock valued at $229,000 after purchasing an additional 641 shares during the last quarter. WCG Wealth Advisors LLC increased its position in shares of Uber Technologies by 3.4% in the 1st quarter. WCG Wealth Advisors LLC now owns 20,440 shares of the ride-sharing company’s stock valued at $1,489,000 after purchasing an additional 680 shares during the last quarter. Finally, Samalin Investment Counsel LLC acquired a new stake in shares of Uber Technologies in the 1st quarter valued at $222,000. 80.24% of the stock is currently owned by hedge funds and other institutional investors.

Uber Technologies Company Profile

(Get Free Report)

Uber Technologies, Inc is a technology company that operates a global platform connecting riders, drivers, couriers, restaurants and shippers. Founded in 2009 by Garrett Camp and Travis Kalanick and headquartered in San Francisco, Uber developed one of the first large-scale ride-hailing marketplaces and has since expanded into a broader set of mobility and logistics services. The company completed its initial public offering in 2019 and continues to position its app-based network as a multi-modal transportation and delivery platform.

Uber’s principal businesses include mobility services (ride-hailing and shared rides), delivery through Uber Eats, and freight logistics via Uber Freight.

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