Uber Technologies (NYSE:UBER) Trading Up 1.2% – Still a Buy?

Uber Technologies, Inc. (NYSE:UBER) shares were up 1.2% during trading on Tuesday . The company traded as high as $88.44 and last traded at $87.6430. Approximately 18,890,329 shares were traded during mid-day trading, a decline of 8% from the average daily volume of 20,626,150 shares. The stock had previously closed at $86.57.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on UBER. Mizuho initiated coverage on Uber Technologies in a report on Monday, September 29th. They issued an “outperform” rating and a $130.00 price objective for the company. Royal Bank Of Canada set a $110.00 target price on shares of Uber Technologies in a research report on Wednesday, November 5th. Sanford C. Bernstein lifted their target price on shares of Uber Technologies from $110.00 to $115.00 and gave the company an “outperform” rating in a report on Wednesday, November 5th. Susquehanna reissued a “positive” rating and set a $110.00 price objective on shares of Uber Technologies in a research report on Wednesday, November 5th. Finally, Cantor Fitzgerald boosted their price target on Uber Technologies from $107.00 to $108.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 5th. Two equities research analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat.com, Uber Technologies currently has an average rating of “Moderate Buy” and an average target price of $108.26.

Uber Technologies Trading Up 1.2%

The firm has a market capitalization of $182.11 billion, a P/E ratio of 11.27 and a beta of 1.19. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 0.37. The stock has a 50 day simple moving average of $93.42 and a 200-day simple moving average of $91.87.

Uber Technologies (NYSE:UBER) last posted its quarterly earnings data on Tuesday, November 4th. The ride-sharing company reported $3.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.67 by $2.44. The company had revenue of $13.47 billion for the quarter, compared to the consensus estimate of $13.25 billion. Uber Technologies had a net margin of 33.54% and a return on equity of 68.17%. The firm’s revenue was up 20.4% compared to the same quarter last year. During the same quarter last year, the firm posted $1.20 earnings per share. On average, equities research analysts forecast that Uber Technologies, Inc. will post 2.54 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CEO Dara Khosrowshahi sold 300,000 shares of Uber Technologies stock in a transaction on Friday, September 12th. The stock was sold at an average price of $95.37, for a total transaction of $28,611,000.00. Following the transaction, the chief executive officer directly owned 1,132,544 shares in the company, valued at approximately $108,010,721.28. The trade was a 20.94% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Prashanth Mahendra-Rajah sold 5,500 shares of the firm’s stock in a transaction dated Wednesday, November 12th. The stock was sold at an average price of $94.41, for a total value of $519,255.00. Following the completion of the transaction, the chief financial officer directly owned 20,330 shares in the company, valued at $1,919,355.30. This trade represents a 21.29% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 567,625 shares of company stock valued at $55,385,660. 3.70% of the stock is owned by company insiders.

Institutional Trading of Uber Technologies

Hedge funds and other institutional investors have recently modified their holdings of the company. Measured Wealth Private Client Group LLC bought a new stake in Uber Technologies during the third quarter valued at about $25,000. Kilter Group LLC purchased a new stake in shares of Uber Technologies during the second quarter worth about $26,000. Vision Financial Markets LLC purchased a new stake in shares of Uber Technologies during the first quarter worth about $27,000. Westend Capital Management LLC purchased a new stake in Uber Technologies during the 3rd quarter valued at approximately $27,000. Finally, West Oak Capital LLC purchased a new position in shares of Uber Technologies in the second quarter worth $28,000. 80.24% of the stock is owned by hedge funds and other institutional investors.

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.