Uber Technologies, Inc. (NYSE:UBER) Sees Significant Decrease in Short Interest

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

Uber Technologies Trading Down 1.9 %

NYSE UBER traded down $1.28 on Friday, hitting $67.30. The company’s stock had a trading volume of 27,057,083 shares, compared to its average volume of 22,576,684. The firm has a market cap of $141.71 billion, a PE ratio of 33.48, a PEG ratio of 0.71 and a beta of 1.36. Uber Technologies has a 1-year low of $54.84 and a 1-year high of $87.00. The company’s 50-day moving average is $66.24 and its 200 day moving average is $70.36. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.70.

Uber Technologies (NYSE:UBER) last issued its quarterly earnings results on Thursday, October 31st. The ride-sharing company reported $1.20 earnings per share for the quarter, beating the consensus estimate 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 during the quarter, compared to analysts’ expectations of $10.99 billion. During the same quarter in the prior year, the firm posted $0.10 earnings per share. The business’s quarterly revenue was up 20.4% on a year-over-year basis. As a group, analysts predict that Uber Technologies will post 1.9 earnings per share for the current fiscal year.

Insider Transactions at Uber Technologies

In related news, insider Jill Hazelbaker sold 27,780 shares of the business’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $72.90, for a total value of $2,025,162.00. Following the sale, the insider now directly owns 107,289 shares of the company’s stock, valued at approximately $7,821,368.10. The trade was a 20.57 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 3.80% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Uber Technologies

Large investors have recently modified their holdings of the company. Secure Asset Management LLC acquired a new stake in Uber Technologies during the fourth quarter worth approximately $288,000. Galvin Gaustad & Stein LLC grew its position 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 worth $17,948,000 after buying an additional 76,437 shares during the period. Avior Wealth Management LLC increased its stake in shares of Uber Technologies by 3,154.4% in the 4th quarter. Avior Wealth Management LLC now owns 22,032 shares of the ride-sharing company’s stock valued at $1,329,000 after acquiring an additional 21,355 shares in the last quarter. Teamwork Financial Advisors LLC lifted its position in shares of Uber Technologies by 1,907.1% during the 4th quarter. Teamwork Financial Advisors LLC now owns 140,032 shares of the ride-sharing company’s stock valued at $8,447,000 after acquiring an additional 133,055 shares during the period. Finally, Raleigh Capital Management Inc. boosted its stake in Uber Technologies by 116.8% during the fourth quarter. Raleigh Capital Management Inc. now owns 6,791 shares of the ride-sharing company’s stock worth $410,000 after acquiring an additional 3,658 shares in the last quarter. 80.24% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

UBER has been the subject of a number of research reports. The Goldman Sachs Group reiterated a “buy” rating and set a $96.00 price objective on shares of Uber Technologies in a report on Thursday, January 2nd. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $90.00 price target on shares of Uber Technologies in a research note on Wednesday, December 18th. Evercore ISI boosted their price objective on shares of Uber Technologies from $90.00 to $120.00 and gave the stock an “outperform” rating in a research report on Thursday, October 31st. Jefferies Financial Group raised their target price on shares of Uber Technologies from $100.00 to $105.00 and gave the company a “buy” rating in a research report on Tuesday, October 22nd. Finally, UBS Group lifted their price target on shares of Uber Technologies from $102.00 to $114.00 and gave the company a “buy” rating in a research note on Friday, October 18th. Seven equities research 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, Uber Technologies currently has an average rating of “Moderate Buy” and a consensus price target of $91.53.

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.