Uber Technologies (NYSE:UBER) Trading 0% Higher – Time to Buy?

Uber Technologies, Inc. (NYSE:UBER)’s share price rose 0% during mid-day trading on Tuesday . The stock traded as high as $68.15 and last traded at $67.36. Approximately 6,956,407 shares traded hands during trading, a decline of 73% from the average daily volume of 26,000,922 shares. The stock had previously closed at $67.34.

Analysts Set New Price Targets

A number of analysts have issued reports on UBER shares. Cantor Fitzgerald reissued an “overweight” rating and issued a $90.00 price objective on shares of Uber Technologies in a report on Wednesday, December 18th. Daiwa Capital Markets downgraded Uber Technologies from an “outperform” rating to a “neutral” rating and set a $84.00 target price for the company. in a research report on Thursday, October 17th. Wells Fargo & Company decreased their price target on Uber Technologies from $97.00 to $90.00 and set an “overweight” rating on the stock in a research report on Friday, November 1st. Wolfe Research upped their price objective 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. Finally, Bank of America raised their target price on shares of Uber Technologies from $88.00 to $96.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. Seven equities research analysts have rated the stock with a hold rating, thirty-one have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $91.53.

Uber Technologies Stock Performance

The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.41 and a current ratio of 1.41. The company’s 50 day moving average price is $66.02 and its 200-day moving average price is $70.29. The company has a market cap of $143.77 billion, a PE ratio of 33.97, a price-to-earnings-growth ratio of 0.73 and a beta of 1.36.

Uber Technologies (NYSE:UBER) last issued 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 firm had revenue of $11.19 billion for the quarter, compared to analyst estimates of $10.99 billion. During the same period in the previous year, the company posted $0.10 earnings per share. The business’s revenue was up 20.4% on a year-over-year basis. Equities research analysts anticipate that Uber Technologies, Inc. will post 1.91 earnings per share for the current fiscal year.

Insider Buying and Selling at Uber Technologies

In other news, insider Jill Hazelbaker sold 27,780 shares of the firm’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $72.90, for a total value of $2,025,162.00. Following the completion of the transaction, the insider now directly owns 107,289 shares of the company’s stock, valued at $7,821,368.10. This trade represents a 20.57 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 3.84% of the company’s stock.

Institutional Trading of Uber Technologies

A number of institutional investors have recently added to or reduced their stakes in UBER. Ascent Wealth Partners LLC bought a new stake in Uber Technologies during the third quarter valued at $2,087,000. Teachers Retirement System of The State of Kentucky raised its holdings in shares of Uber Technologies by 4.4% in the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 321,726 shares of the ride-sharing company’s stock valued at $24,180,000 after acquiring an additional 13,433 shares in the last quarter. Aviso Wealth Management bought a new stake in shares of Uber Technologies during the 3rd quarter valued at about $2,302,000. Polianta Ltd purchased a new position in shares of Uber Technologies during the fourth quarter worth about $1,206,000. Finally, Brophy Wealth Management LLC bought a new position in shares of Uber Technologies in the third quarter worth approximately $1,041,000. Hedge funds and other institutional investors own 80.24% of the company’s stock.

About Uber Technologies

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.