Uber Technologies (NYSE:UBER) Stock Jumps 2% – Time to Buy?

by · The Markets Daily

Shares of Uber Technologies, Inc. (NYSE:UBER – Get Free Report) traded up 2% during mid-day trading on Monday. The company traded as high as $70.01 and last traded at $69.4440. 16,829,208 shares changed hands during trading, a decline of 12% from the average session volume of 19,179,449 shares. The stock had previously closed at $68.11.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. Needham & Company LLC restated a “buy” rating and set a $109.00 price objective on shares of Uber Technologies in a report on Thursday, August 6th. Wells Fargo & Company lifted their target price on Uber Technologies from $89.00 to $92.00 and gave the stock an “overweight” rating in a research report on Monday. Sanford C. Bernstein reissued an “outperform” rating on shares of Uber Technologies in a research note on Wednesday, September 30th. UBS Group restated a “buy” rating on shares of Uber Technologies in a report on Tuesday, September 8th. Finally, DA Davidson cut their price target on shares of Uber Technologies from $107.00 to $100.00 and set a “buy” rating on the stock in a report on Thursday, August 6th. Two equities research analysts have rated the stock with a Strong Buy rating, thirty-four have assigned a Buy rating, four have issued a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, Uber Technologies currently has an average rating of “Moderate Buy” and an average price target of $103.11.

View Our Latest Stock Analysis on UBER

Uber Technologies Stock Up 2.0%

The firm has a market capitalization of $141.84 billion, a PE ratio of 15.26, a PEG ratio of 5.55 and a beta of 1.27. The company has a fifty day simple moving average of $73.22 and a two-hundred day simple moving average of $73.14. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.84 and a current ratio of 0.84.

Uber Technologies (NYSE:UBER – Get Free Report) last announced its quarterly earnings results on Wednesday, August 5th. The ride-sharing company reported $0.81 EPS for the quarter, beating the consensus estimate of $0.80 by $0.01. The firm had revenue of $14.19 billion for the quarter, compared to analyst estimates of $14.24 billion. Uber Technologies had a return on equity of 43.36% and a net margin of 17.34%.The business’s revenue for the quarter was up 12.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.60 earnings per share. Uber Technologies has set its Q3 2026 guidance at 0.840-0.880 EPS. Analysts forecast that Uber Technologies, Inc. will post 3.35 EPS for the current fiscal year.

Insider Buying and Selling at Uber Technologies

In other news, insider Jill Hazelbaker sold 28,170 shares of the stock in a transaction that occurred on Friday, September 11th. The shares were sold at an average price of $71.31, for a total transaction of $2,008,802.70. Following the transaction, the insider directly owned 149,525 shares in the company, valued at approximately $10,662,627.75. This trade represents a 15.85% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Andrew Macdonald acquired 70,000 shares of the business’s stock in a transaction that occurred on Friday, September 4th. The shares were acquired at an average cost of $75.83 per share, for a total transaction of $5,308,100.00. Following the completion of the acquisition, the insider owned 426,320 shares of the company’s stock, valued at $32,327,845.60. This trade represents a 19.65% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders own 3.81% of the company’s stock.

Institutional Trading of Uber Technologies

Several hedge funds and other institutional investors have recently bought and sold shares of UBER. Capital Research Global Investors grew its stake in Uber Technologies by 2.6% in the fourth quarter. Capital Research Global Investors now owns 113,456,376 shares of the ride-sharing company’s stock valued at $9,270,561,000 after purchasing an additional 2,903,021 shares during the last quarter. Public Investment Fund bought a new stake in shares of Uber Technologies in the 2nd quarter valued at about $5,256,173,439. Capital World Investors grew its position in shares of Uber Technologies by 1.5% in the 4th quarter. Capital World Investors now owns 17,278,031 shares of the ride-sharing company’s stock worth $1,411,793,000 after buying an additional 261,564 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Uber Technologies by 2.0% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 13,078,612 shares of the ride-sharing company’s stock worth $1,068,653,000 after buying an additional 258,448 shares during the last quarter. Finally, Legal & General Group Plc bought a new position in shares of Uber Technologies during the 2nd quarter worth approximately $943,167,000. Institutional investors own 80.24% of the company’s stock.

About Uber Technologies

(Get Free Report)

Uber Technologies, Inc (NYSE: UBER) is a technology company that operates a global platform connecting consumers with independent drivers, delivery couriers, merchants and other service providers. Founded in 2009 and headquartered in San Francisco, Uber originally focused on app-based ride-hailing and has expanded into a broader range of mobility and delivery services.

Its Mobility segment offers rides through products such as UberX, Uber Black and other locally available options, as well as services including taxis, car rentals, scooters and bikes in select markets.

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