Uber Technologies (NYSE:UBER) Trading 0.4% Higher – Time to Buy?

Shares of Uber Technologies, Inc. (NYSE:UBER) traded up 0.4% on Monday . The company traded as high as $77.58 and last traded at $76.14. 4,919,217 shares changed hands during mid-day trading, a decline of 75% from the average session volume of 19,602,194 shares. The stock had previously closed at $75.84.

Analysts Set New Price Targets

UBER has been the subject of a number of recent analyst reports. KGI Securities reaffirmed a “neutral” rating and set a $78.00 target price on shares of Uber Technologies in a research report on Tuesday, March 11th. Piper Sandler restated an “overweight” rating and issued a $87.00 price objective (up previously from $80.00) on shares of Uber Technologies in a research note on Tuesday, February 18th. Benchmark restated a “hold” rating on shares of Uber Technologies in a research report on Friday, January 31st. Arete Research raised shares of Uber Technologies to a “hold” rating in a report on Tuesday, February 18th. Finally, JMP Securities restated a “market perform” rating on shares of Uber Technologies in a research report on Thursday, February 6th. Ten research analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $90.31.

Uber Technologies Trading Up 0.4 %

The company has a quick ratio of 1.41, a current ratio of 1.07 and a debt-to-equity ratio of 0.37. The firm has a market cap of $159.12 billion, a P/E ratio of 16.70, a PEG ratio of 0.89 and a beta of 1.39. The firm’s fifty day moving average is $72.64 and its two-hundred day moving average is $71.59.

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

Insider Buying and Selling

In other news, SVP Nikki Krishnamurthy sold 20,000 shares of the stock in a transaction on Friday, March 14th. The shares were sold at an average price of $71.57, for a total value of $1,431,400.00. Following the completion of the sale, the senior vice president now directly owns 361,908 shares of the company’s stock, valued at $25,901,755.56. This represents a 5.24 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Jill Hazelbaker sold 31,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $81.02, for a total value of $2,511,620.00. Following the completion of the transaction, the insider now directly owns 86,973 shares in the company, valued at approximately $7,046,552.46. This represents a 26.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 74,404 shares of company stock valued at $5,587,619 over the last 90 days. Company insiders own 3.84% of the company’s stock.

Institutional Investors Weigh In On Uber Technologies

Large investors have recently added to or reduced their stakes in the stock. Teachers Retirement System of The State of Kentucky boosted its stake in Uber Technologies by 4.4% during the third quarter. Teachers Retirement System of The State of Kentucky now owns 321,726 shares of the ride-sharing company’s stock worth $24,180,000 after buying an additional 13,433 shares during the period. Polianta Ltd bought a new position in shares of Uber Technologies during the 4th quarter worth approximately $1,206,000. Allworth Financial LP boosted its holdings in Uber Technologies by 8.9% in the fourth quarter. Allworth Financial LP now owns 20,381 shares of the ride-sharing company’s stock worth $1,229,000 after acquiring an additional 1,663 shares in the last quarter. Brophy Wealth Management LLC purchased a new stake in Uber Technologies during the 3rd quarter valued at about $1,041,000. Finally, Lecap Asset Management Ltd. acquired a new stake in shares of Uber Technologies in the fourth quarter worth $3,188,000. 80.24% of the stock is owned by institutional investors.

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.