Uber Technologies (NYSE:UBER) Trading 1.9% Higher on Analyst Upgrade

Uber Technologies, Inc. (NYSE:UBER)’s share price shot up 1.9% on Monday after Tigress Financial raised their price target on the stock from $96.00 to $103.00. Tigress Financial currently has a buy rating on the stock. Uber Technologies traded as high as $73.04 and last traded at $72.88. 4,093,991 shares were traded during trading, a decline of 78% from the average session volume of 18,264,330 shares. The stock had previously closed at $71.51.

Other research analysts have also issued research reports about the stock. DA Davidson upped their price target on shares of Uber Technologies from $82.00 to $84.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. Oppenheimer increased their target price on shares of Uber Technologies from $90.00 to $95.00 and gave the stock an “outperform” rating in a research report on Friday, September 27th. Citigroup increased their target price on shares of Uber Technologies from $96.00 to $98.00 and gave the stock a “buy” rating in a research report on Wednesday, August 7th. UBS Group increased their target price on shares of Uber Technologies from $102.00 to $114.00 and gave the stock a “buy” rating in a research report on Friday, October 18th. Finally, Daiwa Capital Markets lowered shares of Uber Technologies from an “outperform” rating to a “neutral” rating and set a $84.00 target price on the stock. in a research report on Thursday, October 17th. Six analysts have rated the stock with a hold rating, thirty-two have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $90.51.

Insider Activity at Uber Technologies

In related news, insider Jill Hazelbaker sold 40,000 shares of the firm’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $72.00, for a total value of $2,880,000.00. Following the completion of the sale, the insider now directly owns 127,352 shares in the company, valued at $9,169,344. This trade represents a 23.90 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 3.80% of the stock is currently owned by insiders.

Institutional Trading of Uber Technologies

Several institutional investors and hedge funds have recently made changes to their positions in the business. Ascent Wealth Partners LLC bought a new stake in shares of Uber Technologies in the third quarter valued at about $2,087,000. Aviso Wealth Management bought a new stake in shares of Uber Technologies in the third quarter valued at about $2,302,000. Sumitomo Mitsui Trust Group Inc. raised its holdings in shares of 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 acquiring an additional 512,591 shares in the last quarter. Aptus Capital Advisors LLC grew its stake in Uber Technologies by 17.1% in the second quarter. Aptus Capital Advisors LLC now owns 9,468 shares of the ride-sharing company’s stock valued at $688,000 after purchasing an additional 1,383 shares during the last quarter. Finally, Lederer & Associates Investment Counsel CA purchased a new position in Uber Technologies in the third quarter valued at about $799,000. 80.24% of the stock is currently owned by institutional investors.

Uber Technologies Price Performance

The firm has a 50 day simple moving average of $75.51 and a 200-day simple moving average of $71.16. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.70. The company has a market cap of $154.62 billion, a PE ratio of 36.53, a price-to-earnings-growth ratio of 0.92 and a beta of 1.34.

Uber Technologies (NYSE:UBER) last posted its earnings results on Thursday, October 31st. The ride-sharing company reported $1.20 earnings per share (EPS) 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 for the quarter, compared to analyst estimates of $10.99 billion. During the same quarter in the previous year, the firm earned $0.10 earnings per share. The firm’s quarterly revenue was up 20.4% compared to the same quarter last year. As a group, research analysts predict that Uber Technologies, Inc. will post 1.83 earnings per share for the current fiscal year.

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.