Uber Technologies (NYSE:UBER) Trading Up 2% on Insider Buying Activity

Uber Technologies, Inc. (NYSE:UBERGet Free Report) shares were up 2% on Wednesday following insider buying activity. The company traded as high as $73.16 and last traded at $72.8030. Approximately 19,619,400 shares changed hands during trading, a decline of 11% from the average daily volume of 22,056,871 shares. The stock had previously closed at $71.38.

Specifically, CFO Balaji (A) Krishnamurthy purchased 22,453 shares of the stock in a transaction on Tuesday, February 24th. The stock was acquired at an average price of $71.25 per share, with a total value of $1,599,776.25. Following the completion of the acquisition, the chief financial officer owned 28,742 shares in the company, valued at $2,047,867.50. The trade was a 357.02% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on UBER. Citigroup cut their price objective on shares of Uber Technologies from $120.00 to $110.00 and set a “buy” rating on the stock in a report on Friday, February 6th. Royal Bank Of Canada restated an “outperform” rating and set a $105.00 price target on shares of Uber Technologies in a research note on Thursday, February 5th. BTIG Research reaffirmed a “buy” rating and issued a $100.00 price target on shares of Uber Technologies in a report on Wednesday, February 4th. Piper Sandler set a $107.00 price objective on shares of Uber Technologies in a report on Wednesday, November 5th. Finally, UBS Group set a $111.00 target price on Uber Technologies in a research report on Monday, February 2nd. One research analyst has rated the stock with a Strong Buy rating, thirty-three have given a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $104.53.

View Our Latest Stock Analysis on Uber Technologies

Key Stories Impacting Uber Technologies

Here are the key news stories impacting Uber Technologies this week:

Uber Technologies Price Performance

The firm has a market cap of $149.84 billion, a PE ratio of 15.46, a price-to-earnings-growth ratio of 6.54 and a beta of 1.21. The stock has a 50 day simple moving average of $79.25 and a two-hundred day simple moving average of $88.11. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.14 and a current ratio of 1.14.

Uber Technologies (NYSE:UBERGet Free Report) last posted its earnings results on Wednesday, February 4th. The ride-sharing company reported $0.71 EPS for the quarter, missing the consensus estimate of $0.79 by ($0.08). Uber Technologies had a return on equity of 43.63% and a net margin of 19.33%.The company had revenue of $14.37 billion for the quarter, compared to analyst estimates of $14.32 billion. During the same period last year, the business earned $3.21 earnings per share. The firm’s revenue was up 20.1% on a year-over-year basis. Uber Technologies has set its Q1 2026 guidance at 0.650-0.720 EPS. Sell-side analysts expect that Uber Technologies, Inc. will post 2.54 earnings per share for the current year.

Institutional Trading of Uber Technologies

Several hedge funds and other institutional investors have recently added to or reduced their stakes in UBER. Measured Wealth Private Client Group LLC acquired a new position in Uber Technologies in the 3rd quarter worth about $25,000. Kilter Group LLC acquired a new position in shares of Uber Technologies during the 2nd quarter worth approximately $26,000. Westend Capital Management LLC purchased a new position in shares of Uber Technologies during the 3rd quarter valued at approximately $27,000. Lloyd Advisory Services LLC. purchased a new position in shares of Uber Technologies during the 4th quarter valued at approximately $27,000. Finally, Ares Financial Consulting LLC acquired a new stake in Uber Technologies in the 4th quarter valued at $28,000. Institutional investors and hedge funds own 80.24% of the company’s stock.

About Uber Technologies

(Get Free Report)

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.

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