Uber Technologies (NYSE:UBER) Trading 2.4% Higher – Time to Buy?

Uber Technologies, Inc. (NYSE:UBER)’s share price traded up 2.4% during trading on Thursday . The stock traded as high as $74.51 and last traded at $74.3880. Approximately 13,729,154 shares traded hands during mid-day trading, a decline of 31% from the average daily volume of 19,826,051 shares. The stock had previously closed at $72.66.

Analysts Set New Price Targets

A number of brokerages have recently commented on UBER. Guggenheim reaffirmed a “buy” rating on shares of Uber Technologies in a research note on Tuesday, June 9th. DA Davidson reiterated a “buy” rating and issued a $107.00 target price on shares of Uber Technologies in a research note on Tuesday, May 26th. Piper Sandler increased their price target on shares of Uber Technologies from $100.00 to $105.00 and gave the stock an “overweight” rating in a report on Thursday, May 7th. BNP Paribas Exane lowered shares of Uber Technologies to an “underweight” rating in a research report on Monday, May 11th. Finally, Citizens Jmp reaffirmed a “market outperform” rating and issued a $100.00 price objective on shares of Uber Technologies in a report on Tuesday, April 28th. One investment analyst has rated the stock with a Strong Buy rating, thirty have given a Buy rating, six have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $104.54.

Uber Technologies Price Performance

The stock has a market capitalization of $151.42 billion, a PE ratio of 18.55, a price-to-earnings-growth ratio of 6.32 and a beta of 1.12. The stock’s 50 day moving average is $73.09 and its two-hundred day moving average is $75.64. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.07 and a current ratio of 1.07.

Uber Technologies (NYSE:UBER) last posted its quarterly earnings data on Wednesday, May 6th. The ride-sharing company reported $0.72 EPS for the quarter, topping the consensus estimate of $0.69 by $0.03. Uber Technologies had a return on equity of 41.40% and a net margin of 15.91%.The company had revenue of $13.20 billion during the quarter, compared to analyst estimates of $13.28 billion. During the same period in the previous year, the business earned $0.83 EPS. Uber Technologies’s quarterly revenue was up 14.5% on a year-over-year basis. Uber Technologies has set its Q2 2026 guidance at 0.780-0.820 EPS. On average, equities analysts anticipate that Uber Technologies, Inc. will post 2.95 EPS for the current fiscal year.

Institutional Trading of Uber Technologies

Several large investors have recently made changes to their positions in the company. Stelac Advisory Services LLC grew its holdings in shares of Uber Technologies by 10.4% during the third quarter. Stelac Advisory Services LLC now owns 1,238 shares of the ride-sharing company’s stock worth $121,000 after buying an additional 117 shares in the last quarter. Cadence Bank lifted its stake in shares of Uber Technologies by 1.7% in the third quarter. Cadence Bank now owns 7,366 shares of the ride-sharing company’s stock worth $722,000 after buying an additional 122 shares in the last quarter. Salvus Wealth Management LLC lifted its stake in shares of Uber Technologies by 4.9% in the fourth quarter. Salvus Wealth Management LLC now owns 2,644 shares of the ride-sharing company’s stock worth $216,000 after buying an additional 123 shares in the last quarter. Avion Wealth boosted its position in Uber Technologies by 17.5% during the fourth quarter. Avion Wealth now owns 839 shares of the ride-sharing company’s stock worth $68,000 after acquiring an additional 125 shares during the last quarter. Finally, Crewe Advisors LLC boosted its position in Uber Technologies by 6.6% during the fourth quarter. Crewe Advisors LLC now owns 2,079 shares of the ride-sharing company’s stock worth $170,000 after acquiring an additional 129 shares during the last quarter. 80.24% of the stock is currently owned by hedge funds and other institutional investors.

About Uber Technologies

Uber Technologies, Inc is a technology company that operates a global platform connecting riders, drivers, couriers, restaurants and shippers. Founded in 2009 by Garrett Camp and Travis Kalanick and headquartered in San Francisco, Uber developed one of the first large-scale ride-hailing marketplaces and has since expanded into a broader set of mobility and logistics services. The company completed its initial public offering in 2019 and continues to position its app-based network as a multi-modal transportation and delivery platform.

Uber’s principal businesses include mobility services (ride-hailing and shared rides), delivery through Uber Eats, and freight logistics via Uber Freight.