Amanda Ginsberg Purchases 543 Shares of Uber Technologies, Inc. (NYSE:UBER) Stock

Uber Technologies, Inc. (NYSE:UBER) Director Amanda Ginsberg acquired 543 shares of the stock in a transaction dated Thursday, April 28th. The shares were bought at an average cost of $31.27 per share, with a total value of $16,979.61. Following the completion of the purchase, the director now directly owns 15,997 shares in the company, valued at approximately $500,226.19. This trade represents a 3.51 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Uber Technologies Stock Up 0.9 %

NYSE:UBER opened at $60.73 on Friday. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.41 and a current ratio of 1.41. The company has a market capitalization of $127.88 billion, a price-to-earnings ratio of 30.21, a price-to-earnings-growth ratio of 0.75 and a beta of 1.33. Uber Technologies, Inc. has a one year low of $54.84 and a one year high of $87.00. The stock has a 50-day simple moving average of $71.75 and a 200 day simple moving average of $71.20.

Uber Technologies (NYSE:UBER) last released 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 return on equity of 33.46% and a net margin of 10.49%. The company had revenue of $11.19 billion for the quarter, compared to the consensus estimate of $10.99 billion. During the same quarter last year, the business posted $0.10 EPS. Uber Technologies’s quarterly revenue was up 20.4% compared to the same quarter last year. Sell-side analysts predict that Uber Technologies, Inc. will post 1.89 EPS for the current fiscal year.

Hedge Funds Weigh In On Uber Technologies

A number of hedge funds have recently added to or reduced their stakes in UBER. Ascent Wealth Partners LLC bought a new position in shares of Uber Technologies during the third quarter valued at approximately $2,087,000. Teachers Retirement System of The State of Kentucky boosted its position in Uber Technologies by 4.4% during the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 321,726 shares of the ride-sharing company’s stock valued at $24,180,000 after purchasing an additional 13,433 shares during the period. Aviso Wealth Management bought a new position in Uber Technologies during the 3rd quarter worth $2,302,000. Brophy Wealth Management LLC acquired a new stake in Uber Technologies in the third quarter worth $1,041,000. Finally, Sumitomo Mitsui Trust Group Inc. lifted its stake in Uber Technologies by 9.8% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 5,752,471 shares of the ride-sharing company’s stock valued at $432,356,000 after buying an additional 512,591 shares during the last quarter. Institutional investors and hedge funds own 80.24% of the company’s stock.

Analysts Set New Price Targets

UBER has been the subject of a number of research reports. Daiwa Capital Markets downgraded Uber Technologies from an “outperform” rating to a “neutral” rating and set a $84.00 price target for the company. in a research report on Thursday, October 17th. Jefferies Financial Group boosted their target price on Uber Technologies from $100.00 to $105.00 and gave the stock a “buy” rating in a report on Tuesday, October 22nd. Daiwa America downgraded shares of Uber Technologies from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 17th. Needham & Company LLC reaffirmed a “buy” rating and set a $90.00 price target on shares of Uber Technologies in a research report on Thursday, October 31st. Finally, Cantor Fitzgerald reissued an “overweight” rating and issued a $90.00 price objective on shares of Uber Technologies in a research report on Wednesday. Six analysts have rated the stock with a hold rating, thirty-two have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Uber Technologies has an average rating of “Moderate Buy” and an average price target of $90.51.

Uber Technologies Company Profile

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.