Uber Technologies (NYSE:UBER) Stock Price Up 1.7% – Should You Buy?

Uber Technologies, Inc. (NYSE:UBER) rose 1.7% on Thursday . The company traded as high as $77.16 and last traded at $77.13. Approximately 3,280,574 shares traded hands during trading, a decline of 88% from the average daily volume of 27,309,697 shares. The stock had previously closed at $75.87.

Analysts Set New Price Targets

Several analysts have issued reports on the company. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $82.00 target price on shares of Uber Technologies in a research note on Thursday, February 6th. Piper Sandler reaffirmed 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. Citigroup decreased their target price on shares of Uber Technologies from $98.00 to $92.00 and set a “buy” rating on the stock in a research report on Thursday, February 6th. DA Davidson lowered their price target on shares of Uber Technologies from $84.00 to $80.00 and set a “buy” rating for the company in a research note on Thursday, February 6th. Finally, JMP Securities reaffirmed a “market perform” rating on shares of Uber Technologies in a research note on Thursday, February 6th. Eight equities research analysts have rated the stock with a hold rating, twenty-seven have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $90.94.

Uber Technologies Price Performance

The firm has a market cap of $155.00 billion, a P/E ratio of 16.27, a price-to-earnings-growth ratio of 0.89 and a beta of 1.39. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.07 and a quick ratio of 1.41. The firm’s 50 day moving average is $68.94 and its 200 day moving average is $71.47.

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

Insider Transactions at Uber Technologies

In related news, insider Jill Hazelbaker sold 31,000 shares of the firm’s stock in a transaction that occurred 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 of the company’s stock, valued at $7,046,552.46. This trade represents a 26.28 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 3.80% of the stock is owned by insiders.

Institutional Trading of Uber Technologies

Several institutional investors have recently added to or reduced their stakes in the business. Azzad Asset Management Inc. ADV boosted its position in shares of Uber Technologies by 2.4% during the fourth quarter. Azzad Asset Management Inc. ADV now owns 34,770 shares of the ride-sharing company’s stock valued at $2,097,000 after buying an additional 804 shares during the last quarter. ABLE Financial Group LLC lifted its stake in Uber Technologies by 36.5% during the 4th quarter. ABLE Financial Group LLC now owns 12,643 shares of the ride-sharing company’s stock valued at $763,000 after acquiring an additional 3,382 shares during the period. Tiptree Advisors LLC purchased a new stake in shares of Uber Technologies during the 4th quarter valued at about $4,563,000. Bernard Wealth Management Corp. bought a new stake in shares of Uber Technologies in the fourth quarter worth approximately $1,050,000. Finally, Brick & Kyle Associates purchased a new position in shares of Uber Technologies during the fourth quarter valued at approximately $3,181,000. 80.24% of the stock is currently 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.