Uber Technologies (NYSE:UBER) Trading Up 0.6% on Analyst Upgrade

Uber Technologies, Inc. (NYSE:UBER)’s share price traded up 0.6% on Friday after Truist Financial raised their price target on the stock from $90.00 to $92.00. Truist Financial currently has a buy rating on the stock. Uber Technologies traded as high as $76.70 and last traded at $75.39. 4,829,639 shares traded hands during mid-day trading, a decline of 75% from the average session volume of 19,409,664 shares. The stock had previously closed at $74.96.

UBER has been the topic of several other research reports. Arete Research upgraded shares of Uber Technologies to a “hold” rating in a report on Tuesday, February 18th. JPMorgan Chase & Co. reduced their target price on shares of Uber Technologies from $95.00 to $90.00 and set an “overweight” rating for the company in a research report on Thursday, February 6th. Tigress Financial increased their target price on shares of Uber Technologies from $96.00 to $103.00 and gave the stock a “buy” rating in a research note on Monday, November 25th. Evercore ISI lowered their price objective on shares of Uber Technologies from $120.00 to $115.00 and set an “outperform” rating on the stock in a research report on Thursday, February 6th. Finally, Citigroup reduced their target price on shares of Uber Technologies from $98.00 to $92.00 and set a “buy” rating on the stock in a report on Thursday, February 6th. Eight equities research analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $90.71.

Insider Activity at Uber Technologies

In other news, insider Jill Hazelbaker sold 31,000 shares of the stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $81.02, for a total value of $2,511,620.00. Following the sale, the insider now owns 86,973 shares of the company’s stock, valued at approximately $7,046,552.46. This represents a 26.28 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 3.84% of the stock is owned by insiders.

Institutional Investors Weigh In On Uber Technologies

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Avion Wealth grew its holdings in Uber Technologies by 96.0% during the 4th quarter. Avion Wealth now owns 445 shares of the ride-sharing company’s stock worth $26,000 after acquiring an additional 218 shares in the last quarter. Transce3nd LLC purchased a new position in Uber Technologies during the 4th quarter worth approximately $27,000. Fourth Dimension Wealth LLC purchased a new position in Uber Technologies during the 4th quarter worth approximately $27,000. Runnymede Capital Advisors Inc. acquired a new stake in shares of Uber Technologies during the 4th quarter worth approximately $28,000. Finally, GHP Investment Advisors Inc. grew its stake in shares of Uber Technologies by 85.1% during the 4th quarter. GHP Investment Advisors Inc. now owns 485 shares of the ride-sharing company’s stock worth $29,000 after purchasing an additional 223 shares during the period. Hedge funds and other institutional investors own 80.24% of the company’s stock.

Uber Technologies Stock Up 1.9 %

The business’s 50 day moving average price is $70.92 and its 200 day moving average price is $71.64. The firm has a market cap of $159.55 billion, a price-to-earnings ratio of 16.75, a PEG 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.

Uber Technologies (NYSE:UBER) last announced its earnings results on Wednesday, February 5th. The ride-sharing company reported $3.21 earnings per share (EPS) for the quarter, topping the consensus estimate 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, equities analysts forecast that Uber Technologies, Inc. will post 2.54 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.