Uber Technologies (NYSE:UBER) Shares Up 1.3% – Still a Buy?

Uber Technologies, Inc. (NYSE:UBER) traded up 1.3% during trading on Friday . The company traded as high as $66.21 and last traded at $65.78. 10,741,521 shares were traded during trading, a decline of 59% from the average session volume of 25,969,965 shares. The stock had previously closed at $64.91.

Analysts Set New Price Targets

A number of research firms have weighed in on UBER. Wolfe Research upped their price target on shares of Uber Technologies from $90.00 to $92.00 and gave the stock an “outperform” rating in a research report on Friday, January 3rd. Gordon Haskett raised shares of Uber Technologies from a “hold” rating to a “buy” rating and set a $85.00 target price for the company in a report on Thursday, October 31st. KeyCorp lowered their price objective on Uber Technologies from $90.00 to $85.00 and set an “overweight” rating on the stock in a research report on Friday, November 1st. Bank of America upped their price objective on Uber Technologies from $88.00 to $96.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. Finally, BMO Capital Markets reissued an “outperform” rating and issued a $92.00 price target on shares of Uber Technologies in a report on Friday, October 11th. Seven equities research analysts have rated the stock with a hold rating, thirty-one have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Uber Technologies presently has an average rating of “Moderate Buy” and a consensus target price of $91.53.

Uber Technologies Stock Performance

The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.70. The company has a market capitalization of $139.33 billion, a PE ratio of 32.92, a PEG ratio of 0.75 and a beta of 1.36. The firm’s 50-day simple moving average is $67.06 and its 200-day simple moving average is $70.56.

Uber Technologies (NYSE:UBER) last announced its quarterly earnings data on Thursday, October 31st. The ride-sharing company reported $1.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.41 by $0.79. The company had revenue of $11.19 billion for 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%. Uber Technologies’s revenue was up 20.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.10 earnings per share. On average, research analysts predict that Uber Technologies, Inc. will post 1.89 earnings per share for the current year.

Insider Activity

In related news, insider Jill Hazelbaker sold 27,780 shares of the company’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $72.90, for a total transaction of $2,025,162.00. Following the completion of the sale, the insider now directly owns 107,289 shares in the company, valued at $7,821,368.10. This represents a 20.57 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Insiders own 3.84% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of UBER. Coldstream Capital Management Inc. raised its position in shares of Uber Technologies by 8.2% in the 2nd quarter. Coldstream Capital Management Inc. now owns 16,229 shares of the ride-sharing company’s stock valued at $1,180,000 after purchasing an additional 1,235 shares during the last quarter. LPL Financial LLC raised its holdings in shares of Uber Technologies by 14.8% in the second quarter. LPL Financial LLC now owns 1,564,380 shares of the ride-sharing company’s stock worth $113,699,000 after buying an additional 201,331 shares during the last quarter. Hazlett Burt & Watson Inc. lifted its stake in shares of Uber Technologies by 27.8% during the second quarter. Hazlett Burt & Watson Inc. now owns 2,851 shares of the ride-sharing company’s stock worth $208,000 after buying an additional 620 shares during the period. Vanguard Capital Wealth Advisors increased its position in shares of Uber Technologies by 16.1% in the 2nd quarter. Vanguard Capital Wealth Advisors now owns 11,200 shares of the ride-sharing company’s stock valued at $814,000 after acquiring an additional 1,550 shares during the period. Finally, Horizon Family Wealth Inc. raised its stake in Uber Technologies by 2.4% in the 2nd quarter. Horizon Family Wealth Inc. now owns 7,484 shares of the ride-sharing company’s stock worth $544,000 after acquiring an additional 175 shares during the last quarter. Hedge funds and other institutional investors own 80.24% of the company’s stock.

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.