Uber Technologies (NYSE:UBER) Trading 1.2% Higher – Time to Buy?

Uber Technologies, Inc. (NYSE:UBER) shares shot up 1.2% on Wednesday . The stock traded as high as $74.45 and last traded at $73.89. 3,969,747 shares traded hands during mid-day trading, a decline of 80% from the average session volume of 20,037,439 shares. The stock had previously closed at $72.99.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on UBER. Fox Advisors lowered shares of Uber Technologies from an “overweight” rating to an “equal weight” rating in a report on Tuesday, March 11th. DA Davidson reduced their price target on Uber Technologies from $84.00 to $80.00 and set a “buy” rating for the company in a research report on Thursday, February 6th. Evercore ISI dropped their price objective on Uber Technologies from $120.00 to $115.00 and set an “outperform” rating on the stock in a research report on Thursday, February 6th. Citigroup reduced their target price on shares of Uber Technologies from $98.00 to $92.00 and set a “buy” rating for the company in a report on Thursday, February 6th. Finally, KGI Securities restated a “neutral” rating and issued a $78.00 price target on shares of Uber Technologies in a report on Tuesday, March 11th. Ten investment analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Uber Technologies currently has an average rating of “Moderate Buy” and an average price target of $90.31.

Uber Technologies Trading Up 3.0 %

The firm has a market capitalization of $157.20 billion, a price-to-earnings ratio of 16.48, a P/E/G ratio of 0.89 and a beta of 1.39. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.41 and a current ratio of 1.07. The company has a 50 day moving average price of $73.66 and a two-hundred day moving average price of $71.80.

Uber Technologies (NYSE:UBER) last posted its quarterly earnings data on Wednesday, February 5th. The ride-sharing company reported $3.21 earnings per share for the quarter, topping analysts’ consensus estimates of $0.50 by $2.71. Uber Technologies had a net margin of 22.41% and a return on equity of 62.60%. On average, research analysts forecast that Uber Technologies, Inc. will post 2.54 EPS for the current year.

Insider Activity at Uber Technologies

In other Uber Technologies news, insider Jill Hazelbaker sold 31,000 shares of the firm’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $81.02, for a total value of $2,511,620.00. Following the transaction, the insider now owns 86,973 shares in the company, valued at approximately $7,046,552.46. This trade represents a 26.28 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Nikki Krishnamurthy sold 20,000 shares of the company’s stock in a transaction on Friday, March 14th. The stock was sold at an average price of $71.57, for a total transaction of $1,431,400.00. Following the sale, the senior vice president now directly owns 361,908 shares of the company’s stock, valued at $25,901,755.56. The trade was a 5.24 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 77,154 shares of company stock valued at $5,793,869. 3.84% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in UBER. Teachers Retirement System of The State of Kentucky lifted its position in Uber Technologies by 4.4% during the third quarter. Teachers Retirement System of The State of Kentucky now owns 321,726 shares of the ride-sharing company’s stock worth $24,180,000 after buying an additional 13,433 shares in the last quarter. Polianta Ltd purchased a new position in shares of Uber Technologies during the 4th quarter worth $1,206,000. Allworth Financial LP boosted its position in shares of Uber Technologies by 8.9% during the 4th quarter. Allworth Financial LP now owns 20,381 shares of the ride-sharing company’s stock valued at $1,229,000 after acquiring an additional 1,663 shares during the last quarter. Brophy Wealth Management LLC purchased a new stake in shares of Uber Technologies in the third quarter valued at about $1,041,000. Finally, Lecap Asset Management Ltd. acquired a new stake in Uber Technologies during the fourth quarter worth about $3,188,000. 80.24% of the stock is currently owned by institutional investors and hedge funds.

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.