Uber Technologies (NYSE:UBER) Stock Price Up 0.2% – Still a Buy?

Uber Technologies, Inc. (NYSE:UBER) was up 0.2% during trading on Thursday . The stock traded as high as $68.07 and last traded at $67.93. Approximately 4,026,615 shares changed hands during mid-day trading, a decline of 84% from the average daily volume of 24,975,119 shares. The stock had previously closed at $67.82.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on UBER. Truist Financial reduced 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. JMP Securities lowered Uber Technologies from an “outperform” rating to a “market perform” rating and set a $95.00 target price for the company. in a report on Thursday, January 2nd. Loop Capital increased their price target on Uber Technologies from $84.00 to $86.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th. The Goldman Sachs Group reissued a “buy” rating and set a $96.00 price objective on shares of Uber Technologies in a research report on Thursday, January 2nd. 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 analysts have rated the stock with a hold rating, thirty-one have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $91.53.

Uber Technologies Price Performance

The stock has a fifty day moving average of $65.86 and a two-hundred day moving average of $70.26. The stock has a market cap of $144.42 billion, a price-to-earnings ratio of 34.12, a price-to-earnings-growth ratio of 0.77 and a beta of 1.36. 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 posted its quarterly earnings results on Thursday, October 31st. The ride-sharing company reported $1.20 earnings per share for the quarter, topping analysts’ consensus estimates of $0.41 by $0.79. Uber Technologies had a net margin of 10.49% and a return on equity of 33.46%. The business had revenue of $11.19 billion for the quarter, compared to analysts’ expectations of $10.99 billion. During the same period in the prior year, the company posted $0.10 EPS. The business’s revenue for the quarter was up 20.4% on a year-over-year basis. On average, equities research analysts anticipate that Uber Technologies, Inc. will post 1.86 earnings per share for the current year.

Insider Activity

In other Uber Technologies news, insider Jill Hazelbaker sold 27,780 shares of the firm’s stock in a transaction dated 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 completion of the transaction, the insider now directly owns 107,289 shares in the company, valued at approximately $7,821,368.10. This trade represents a 20.57 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 3.84% of the company’s stock.

Institutional Trading of Uber Technologies

Several large investors have recently modified their holdings of the business. Tempus Wealth Planning LLC purchased a new position in Uber Technologies during the fourth quarter worth $311,000. Trust Point Inc. increased its position in Uber Technologies by 11.0% during the 4th quarter. Trust Point Inc. now owns 4,676 shares of the ride-sharing company’s stock worth $282,000 after purchasing an additional 464 shares in the last quarter. Childress Capital Advisors LLC raised its stake in Uber Technologies by 153.3% in the 4th quarter. Childress Capital Advisors LLC now owns 11,665 shares of the ride-sharing company’s stock valued at $704,000 after purchasing an additional 7,059 shares during the last quarter. Baltimore Washington Financial Advisors Inc. lifted its holdings in Uber Technologies by 3.6% in the 4th quarter. Baltimore Washington Financial Advisors Inc. now owns 341,576 shares of the ride-sharing company’s stock valued at $20,604,000 after purchasing an additional 12,003 shares in the last quarter. Finally, Fourpath Capital Management LLC boosted its stake in shares of Uber Technologies by 64.5% during the 4th quarter. Fourpath Capital Management LLC now owns 26,701 shares of the ride-sharing company’s stock worth $1,611,000 after purchasing an additional 10,466 shares during the last quarter. 80.24% of the stock is currently owned by institutional investors and hedge funds.

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.