Uber Technologies (NYSE:UBER) Shares Up 0.5% – Still a Buy?

Uber Technologies, Inc. (NYSE:UBER) shares were up 0.5% during trading on Monday . The company traded as high as $73.00 and last traded at $72.40. Approximately 3,322,818 shares were traded during trading, a decline of 82% from the average daily volume of 18,076,199 shares. The stock had previously closed at $72.04.

Analyst Upgrades and Downgrades

Several research firms have commented on UBER. Jefferies Financial Group upped their price objective on Uber Technologies from $100.00 to $105.00 and gave the company a “buy” rating in a research note on Tuesday, October 22nd. Cantor Fitzgerald restated an “overweight” rating and set a $90.00 price objective on shares of Uber Technologies in a research report on Monday, October 7th. Truist Financial lowered their target price 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. Benchmark reissued a “hold” rating on shares of Uber Technologies in a report on Friday, November 1st. Finally, TD Cowen lifted their price objective on Uber Technologies from $88.00 to $90.00 and gave the company a “buy” rating in a report on Tuesday, July 23rd. Six investment analysts have rated the stock with a hold rating, thirty-two have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $90.32.

Uber Technologies Price Performance

The company has a debt-to-equity ratio of 0.70, a current ratio of 1.41 and a quick ratio of 1.41. The stock has a market capitalization of $149.84 billion, a price-to-earnings ratio of 35.38, a price-to-earnings-growth ratio of 0.71 and a beta of 1.34. The company has a 50-day simple moving average of $75.41 and a two-hundred day simple moving average of $71.00.

Uber Technologies (NYSE:UBER) last released its quarterly earnings results on Thursday, October 31st. The ride-sharing company reported $1.20 earnings per share for the quarter, beating analysts’ consensus estimates 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%. The business’s revenue for the quarter was up 20.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.10 earnings per share. On average, equities research analysts predict that Uber Technologies, Inc. will post 1.83 earnings per share for the current year.

Insider Transactions at Uber Technologies

In other Uber Technologies news, insider Jill Hazelbaker sold 40,000 shares of the business’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $72.00, for a total transaction of $2,880,000.00. Following the sale, the insider now owns 127,352 shares in the company, valued at approximately $9,169,344. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 3.84% of the company’s stock.

Institutional Investors Weigh In On Uber Technologies

Hedge funds and other institutional investors have recently modified their holdings of the stock. Lazard Freres Gestion S.A.S. acquired a new position in Uber Technologies in the 3rd quarter valued at approximately $4,058,000. Quantbot Technologies LP increased its position in shares of Uber Technologies by 503.8% during the third quarter. Quantbot Technologies LP now owns 62,236 shares of the ride-sharing company’s stock valued at $4,678,000 after purchasing an additional 51,929 shares during the period. The Manufacturers Life Insurance Company raised its stake in shares of Uber Technologies by 0.9% in the third quarter. The Manufacturers Life Insurance Company now owns 1,306,068 shares of the ride-sharing company’s stock valued at $98,168,000 after purchasing an additional 11,190 shares in the last quarter. Qsemble Capital Management LP bought a new position in Uber Technologies in the third quarter worth $749,000. Finally, Brown Brothers Harriman & Co. boosted its stake in Uber Technologies by 178.1% during the third quarter. Brown Brothers Harriman & Co. now owns 3,613 shares of the ride-sharing company’s stock worth $272,000 after buying an additional 2,314 shares in the last quarter. Institutional investors and hedge funds 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.