Uber Technologies (NYSE:UBER) Stock Price Up 2.1% Following Analyst Upgrade

Uber Technologies, Inc. (NYSE:UBER) shares rose 2.1% during trading on Friday after Wolfe Research raised their price target on the stock from $90.00 to $92.00. Wolfe Research currently has an outperform rating on the stock. Uber Technologies traded as high as $64.54 and last traded at $64.47. Approximately 8,957,901 shares traded hands during mid-day trading, a decline of 47% from the average daily volume of 16,863,773 shares. The stock had previously closed at $63.17.

A number of other research firms also recently weighed in on UBER. DA Davidson upped their price target on shares of Uber Technologies from $82.00 to $84.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. Royal Bank of Canada raised their price target on Uber Technologies from $80.00 to $82.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Jefferies Financial Group increased their price objective on Uber Technologies from $100.00 to $105.00 and gave the stock a “buy” rating in a report on Tuesday, October 22nd. Benchmark reiterated a “hold” rating on shares of Uber Technologies in a research note on Friday, November 1st. Finally, Truist Financial cut their price target on shares of Uber Technologies from $99.00 to $95.00 and set a “buy” rating on the stock in a report on Friday, November 1st. Six research analysts have rated the stock with a hold rating, thirty-one have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Uber Technologies currently has an average rating of “Moderate Buy” and an average price target of $91.53.

Insider Buying and Selling at Uber Technologies

In other Uber Technologies 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 transaction of $2,025,162.00. Following the sale, the insider now 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 3.84% of the company’s stock.

Institutional Investors Weigh In On Uber Technologies

A number of hedge funds and other institutional investors have recently bought and sold shares of UBER. Modus Advisors LLC grew its holdings in shares of Uber Technologies by 5.2% during the fourth quarter. Modus Advisors LLC now owns 63,841 shares of the ride-sharing company’s stock worth $3,851,000 after purchasing an additional 3,178 shares during the last quarter. Versant Capital Management Inc grew its holdings in Uber Technologies by 39.4% during the 4th quarter. Versant Capital Management Inc now owns 1,252 shares of the ride-sharing company’s stock worth $76,000 after acquiring an additional 354 shares during the last quarter. Principal Financial Group Inc. grew its holdings in Uber Technologies by 7.1% during the 3rd quarter. Principal Financial Group Inc. now owns 2,460,332 shares of the ride-sharing company’s stock worth $184,919,000 after acquiring an additional 162,528 shares during the last quarter. SMART Wealth LLC bought a new position in shares of Uber Technologies during the third quarter valued at $236,000. Finally, Inspire Trust Co. N.A. lifted its holdings in shares of Uber Technologies by 30.5% during the third quarter. Inspire Trust Co. N.A. now owns 32,105 shares of the ride-sharing company’s stock worth $2,413,000 after purchasing an additional 7,500 shares during the period. Institutional investors own 80.24% of the company’s stock.

Uber Technologies Trading Up 2.2 %

The company has a market cap of $136.01 billion, a P/E ratio of 32.13, a PEG ratio of 0.75 and a beta of 1.33. The firm’s 50 day moving average is $67.98 and its two-hundred day moving average is $70.69. 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. The company had revenue of $11.19 billion during the quarter, compared to analysts’ expectations of $10.99 billion. Uber Technologies had a return on equity of 33.46% and a net margin of 10.49%. The business’s quarterly revenue was up 20.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.10 earnings per share. As a group, equities research analysts anticipate that Uber Technologies, Inc. will post 1.89 EPS for the current 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.