Uber Technologies (NYSE:UBER) Trading Up 1.5% – Should You Buy?

Uber Technologies, Inc. (NYSE:UBER)’s share price shot up 1.5% on Friday . The stock traded as high as $75.60 and last traded at $75.29. 4,536,917 shares changed hands during mid-day trading, a decline of 83% from the average session volume of 27,223,818 shares. The stock had previously closed at $74.21.

Analyst Ratings Changes

UBER has been the topic of a number of research analyst reports. Royal Bank of Canada reissued an “outperform” rating and issued a $82.00 target price on shares of Uber Technologies in a research report on Thursday, February 6th. Citigroup decreased their target price on Uber Technologies from $98.00 to $92.00 and set a “buy” rating on the stock in a research note on Thursday, February 6th. JPMorgan Chase & Co. lowered their target price on Uber Technologies from $95.00 to $90.00 and set an “overweight” rating for the company in a report on Thursday, February 6th. Citizens Jmp lowered shares of Uber Technologies from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 2nd. Finally, DA Davidson reduced their price target on shares of Uber Technologies from $84.00 to $80.00 and set a “buy” rating on the stock in a research report on Thursday, February 6th. Eight equities research analysts have rated the stock with a hold rating, twenty-seven have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Uber Technologies currently has an average rating of “Moderate Buy” and an average target price of $90.94.

Uber Technologies Stock Performance

The company has a current ratio of 1.07, a quick ratio of 1.41 and a debt-to-equity ratio of 0.37. The firm’s fifty day moving average price is $69.53 and its 200-day moving average price is $71.54. The firm has a market cap of $158.90 billion, a price-to-earnings ratio of 16.68, a PEG ratio of 0.89 and a beta of 1.39.

Uber Technologies (NYSE:UBER) last announced its quarterly earnings results on Wednesday, February 5th. The ride-sharing company reported $3.21 earnings per share for the quarter, beating analysts’ consensus estimates of $0.50 by $2.71. Uber Technologies had a net margin of 22.41% and a return on equity of 62.60%. Analysts expect that Uber Technologies, Inc. will post 2.54 earnings per share for the current year.

Insider Activity at Uber Technologies

In related 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 transaction of $2,511,620.00. Following the completion of the sale, the insider now owns 86,973 shares in the company, valued at $7,046,552.46. This represents a 26.28 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 3.84% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. grew its holdings in shares of Uber Technologies by 1.3% during the fourth quarter. Vanguard Group Inc. now owns 180,766,683 shares of the ride-sharing company’s stock worth $10,903,846,000 after buying an additional 2,364,525 shares during the last quarter. Capital Research Global Investors lifted its position in Uber Technologies by 79.0% during the 4th quarter. Capital Research Global Investors now owns 118,131,681 shares of the ride-sharing company’s stock worth $7,125,728,000 after acquiring an additional 52,125,476 shares during the period. Geode Capital Management LLC grew its stake in shares of Uber Technologies by 2.5% in the 4th quarter. Geode Capital Management LLC now owns 43,561,447 shares of the ride-sharing company’s stock valued at $2,621,929,000 after purchasing an additional 1,061,088 shares during the last quarter. Capital World Investors increased its holdings in shares of Uber Technologies by 10.1% in the fourth quarter. Capital World Investors now owns 30,355,075 shares of the ride-sharing company’s stock valued at $1,831,021,000 after purchasing an additional 2,792,039 shares during the period. Finally, Edgewood Management LLC increased its holdings in shares of Uber Technologies by 10.5% in the third quarter. Edgewood Management LLC now owns 27,552,060 shares of the ride-sharing company’s stock valued at $2,070,813,000 after purchasing an additional 2,627,768 shares during the period. 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.