Uber Technologies (NYSE:UBER) Trading Up 7.4%

Uber Technologies Inc (NYSE:UBER)’s share price was up 7.4% during mid-day trading on Wednesday . The stock traded as high as $26.84 and last traded at $28.33, approximately 28,788,187 shares were traded during mid-day trading. A decline of 44% from the average daily volume of 51,725,812 shares. The stock had previously closed at $26.39.

Several equities research analysts have recently issued reports on UBER shares. MKM Partners raised shares of Uber Technologies from a “neutral” rating to a “buy” rating and set a $45.00 price objective for the company in a research report on Friday, February 7th. Canaccord Genuity reissued a “buy” rating and issued a $55.00 price objective (up previously from $50.00) on shares of Uber Technologies in a research report on Friday, February 7th. They noted that the move was a valuation call. Oppenheimer dropped their price objective on shares of Uber Technologies from to in a research report on Monday, March 16th. Royal Bank of Canada dropped their price objective on shares of Uber Technologies from $64.00 to $59.00 and set an “outperform” rating for the company in a research report on Friday, February 7th. Finally, Wells Fargo & Co raised shares of Uber Technologies from an “equal weight” rating to an “overweight” rating and dropped their price objective for the stock from $45.00 to $41.00 in a research report on Friday, March 20th. Eight research analysts have rated the stock with a hold rating and thirty-nine have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $45.14.

The company has a current ratio of 2.47, a quick ratio of 2.47 and a debt-to-equity ratio of 0.49. The stock has a market capitalization of $45.15 billion and a P/E ratio of -3.39. The stock’s 50 day simple moving average is $32.38 and its 200 day simple moving average is $31.62.

Uber Technologies (NYSE:UBER) last posted its quarterly earnings data on Thursday, February 6th. The ride-sharing company reported ($0.64) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.68) by $0.04. Uber Technologies had a negative net margin of 60.13% and a negative return on equity of 89.29%. The firm had revenue of $4.07 billion for the quarter, compared to the consensus estimate of $4.06 billion. The firm’s revenue for the quarter was up 36.8% compared to the same quarter last year. On average, sell-side analysts expect that Uber Technologies Inc will post -2.14 EPS for the current fiscal year.

In other Uber Technologies news, CTO Thuan Pham sold 40,000 shares of the stock in a transaction on Friday, February 7th. The shares were sold at an average price of $40.01, for a total transaction of $1,600,400.00. Following the transaction, the chief technology officer now directly owns 4,539,729 shares in the company, valued at approximately $181,634,557.29. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Garrett Camp sold 170,000 shares of the stock in a transaction on Tuesday, January 7th. The shares were sold at an average price of $32.32, for a total transaction of $5,494,400.00. The disclosure for this sale can be found here. Insiders have sold a total of 2,140,000 shares of company stock worth $71,908,000 over the last quarter.

A number of hedge funds and other institutional investors have recently bought and sold shares of UBER. Keebeck Wealth Management LLC bought a new position in Uber Technologies during the 4th quarter valued at $29,000. Atticus Wealth Management LLC bought a new position in shares of Uber Technologies in the 4th quarter worth about $30,000. Simon Quick Advisors LLC bought a new position in shares of Uber Technologies in the 4th quarter worth about $31,000. Evoke Wealth LLC bought a new position in shares of Uber Technologies in the 3rd quarter worth about $32,000. Finally, Chevy Chase Trust Holdings Inc. bought a new position in shares of Uber Technologies in the 4th quarter worth about $37,000. Hedge funds and other institutional investors own 58.78% of the company’s stock.

Uber Technologies Company Profile (NYSE:UBER)

Uber Technologies, Inc develops and supports proprietary technology applications that enable independent providers of ridesharing, and meal preparation and delivery services to transact with end-users worldwide. The company operates in two segments, Core Platform and Other Bets. Its driver partners provide ridesharing services through a range of vehicles, such as cars, auto rickshaws, motorbikes, minibuses, or taxis, as well as based on the number of riders under the UberBLACK, UberX, UberPOOL, Express POOL, and Uber Bus names; and restaurant and delivery partners provide meal preparation and delivery services under the Uber Eats name.

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