Uber Technologies (NYSE:UBER) Reaches New 12-Month High – What’s Next?

Uber Technologies, Inc. (NYSE:UBER) shares reached a new 52-week high on Monday . The stock traded as high as $101.30 and last traded at $100.61, with a volume of 2421893 shares traded. The stock had previously closed at $98.51.

Wall Street Analyst Weigh In

Several research analysts have weighed in on UBER shares. Stifel Nicolaus increased their price target on shares of Uber Technologies from $110.00 to $117.00 and gave the stock a “buy” rating in a research report on Tuesday, July 29th. KeyCorp increased their price target on shares of Uber Technologies from $90.00 to $110.00 and gave the stock an “overweight” rating in a research report on Monday, July 14th. Piper Sandler increased their price objective on shares of Uber Technologies from $95.00 to $103.00 and gave the stock an “overweight” rating in a research note on Thursday, July 24th. Royal Bank Of Canada increased their price objective on shares of Uber Technologies from $94.00 to $100.00 and gave the stock an “outperform” rating in a research note on Thursday, August 7th. Finally, Cantor Fitzgerald reissued an “overweight” rating and issued a $106.00 price objective (up from $96.00) on shares of Uber Technologies in a research note on Wednesday, June 25th. One analyst has rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and ten have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $103.06.

Uber Technologies Stock Down 1.6%

The company’s fifty day moving average price is $92.85 and its 200-day moving average price is $85.70. The stock has a market cap of $203.90 billion, a P/E ratio of 16.66 and a beta of 1.43. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.11 and a current ratio of 1.11.

Uber Technologies (NYSE:UBER) last announced its quarterly earnings data on Wednesday, August 6th. The ride-sharing company reported $0.63 earnings per share for the quarter, beating analysts’ consensus estimates of $0.61 by $0.02. The company had revenue of $12.65 billion during the quarter, compared to analyst estimates of $12.45 billion. Uber Technologies had a net margin of 26.68% and a return on equity of 59.96%. The firm’s revenue for the quarter was up 18.2% on a year-over-year basis. During the same quarter last year, the business posted $0.47 EPS. Equities analysts forecast that Uber Technologies, Inc. will post 2.54 EPS for the current year.

Insider Buying and Selling at Uber Technologies

In other Uber Technologies news, insider Jill Hazelbaker sold 31,250 shares of the firm’s stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $96.42, for a total transaction of $3,013,125.00. Following the transaction, the insider owned 86,531 shares of the company’s stock, valued at approximately $8,343,319.02. This trade represents a 26.53% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Tony West sold 3,125 shares of Uber Technologies stock in a transaction that occurred on Tuesday, August 26th. The stock was sold at an average price of $95.00, for a total transaction of $296,875.00. Following the completion of the transaction, the insider directly owned 170,269 shares in the company, valued at approximately $16,175,555. The trade was a 1.80% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 354,571 shares of company stock worth $33,810,741. 3.70% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Uber Technologies

Large investors have recently modified their holdings of the business. Silicon Valley Capital Partners grew its holdings in shares of Uber Technologies by 2.5% in the second quarter. Silicon Valley Capital Partners now owns 16,999 shares of the ride-sharing company’s stock valued at $1,586,000 after purchasing an additional 407 shares during the period. Reynders McVeigh Capital Management LLC grew its holdings in shares of Uber Technologies by 2.8% in the second quarter. Reynders McVeigh Capital Management LLC now owns 222,302 shares of the ride-sharing company’s stock valued at $20,741,000 after purchasing an additional 6,130 shares during the period. American Trust purchased a new stake in shares of Uber Technologies in the second quarter valued at about $231,000. Total Investment Management Inc. purchased a new stake in shares of Uber Technologies in the second quarter valued at about $32,000. Finally, Orion Porfolio Solutions LLC grew its holdings in shares of Uber Technologies by 21.0% in the second quarter. Orion Porfolio Solutions LLC now owns 74,222 shares of the ride-sharing company’s stock valued at $6,925,000 after purchasing an additional 12,887 shares during the period. 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.