Uber Technologies (NYSE:UBER) Hits New 12-Month High at $54.94

Uber Technologies, Inc. (NYSE:UBER) shares reached a new 52-week high during mid-day trading on Monday . The company traded as high as $54.94 and last traded at $54.84, with a volume of 5666626 shares changing hands. The stock had previously closed at $54.44.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on UBER shares. The Goldman Sachs Group increased their price objective on Uber Technologies from $48.00 to $57.00 and gave the company a “buy” rating in a research report on Wednesday, August 2nd. KeyCorp upgraded Uber Technologies from a “sector weight” rating to an “overweight” rating and set a $60.00 price target on the stock in a research note on Friday, November 3rd. Roth Mkm raised their price objective on Uber Technologies from $61.00 to $62.00 and gave the stock a “buy” rating in a research report on Wednesday, November 8th. JMP Securities boosted their price objective on Uber Technologies from $57.00 to $62.00 and gave the company a “market outperform” rating in a research report on Monday, November 13th. Finally, BTIG Research boosted their price target on shares of Uber Technologies from $55.00 to $60.00 and gave the company a “buy” rating in a report on Tuesday, August 1st. Thirty equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, Uber Technologies presently has a consensus rating of “Buy” and a consensus price target of $56.44.

Uber Technologies Trading Up 0.6 %

The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.91. The company has a market cap of $112.75 billion, a P/E ratio of 111.10 and a beta of 1.23. The business has a 50-day moving average price of $46.44 and a two-hundred day moving average price of $44.24.

Insider Buying and Selling

In related news, insider Tony West sold 18,750 shares of the business’s stock in a transaction that occurred on Friday, November 10th. The shares were sold at an average price of $51.40, for a total transaction of $963,750.00. Following the completion of the sale, the insider now directly owns 181,339 shares of the company’s stock, valued at $9,320,824.60. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other Uber Technologies news, insider Jill Hazelbaker sold 18,850 shares of the stock in a transaction dated Tuesday, November 14th. The stock was sold at an average price of $53.01, for a total value of $999,238.50. Following the transaction, the insider now owns 109,009 shares of the company’s stock, valued at $5,778,567.09. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Tony West sold 18,750 shares of the firm’s stock in a transaction dated Friday, November 10th. The stock was sold at an average price of $51.40, for a total value of $963,750.00. Following the transaction, the insider now owns 181,339 shares in the company, valued at approximately $9,320,824.60. The disclosure for this sale can be found here. Insiders sold a total of 187,616 shares of company stock worth $9,747,789 over the last three months. 3.84% of the stock is currently owned by company insiders.

Institutional Trading of Uber Technologies

Hedge funds have recently modified their holdings of the company. Montag A & Associates Inc. increased its holdings in shares of Uber Technologies by 5.1% in the third quarter. Montag A & Associates Inc. now owns 4,202 shares of the ride-sharing company’s stock worth $193,000 after acquiring an additional 203 shares in the last quarter. Choreo LLC grew its position in shares of Uber Technologies by 2.3% in the 3rd quarter. Choreo LLC now owns 9,761 shares of the ride-sharing company’s stock valued at $449,000 after purchasing an additional 216 shares during the period. Horizon Investments LLC increased its stake in Uber Technologies by 2.3% during the 2nd quarter. Horizon Investments LLC now owns 10,529 shares of the ride-sharing company’s stock worth $455,000 after purchasing an additional 240 shares in the last quarter. Onyx Bridge Wealth Group LLC raised its holdings in Uber Technologies by 2.9% during the 3rd quarter. Onyx Bridge Wealth Group LLC now owns 8,689 shares of the ride-sharing company’s stock worth $400,000 after buying an additional 245 shares during the period. Finally, Ellevest Inc. lifted its stake in Uber Technologies by 1.5% in the second quarter. Ellevest Inc. now owns 16,832 shares of the ride-sharing company’s stock valued at $727,000 after buying an additional 250 shares in the last quarter. 74.07% of the stock is currently owned by institutional investors and hedge funds.

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.