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Uber Technologies Inc (UBER) Looks Ready for Growth Despite 24.09% Change This Year

Uber Technologies Inc (NYSE: UBER) is 24.09% higher on its value in year-to-date trading and has touched a low of $29.22 and a high of $82.14 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The UBER stock was last observed hovering at around $76.99 in the last trading session, with the day’s loss setting it -0.59%.

Currently trading at $76.40, the stock is -2.69% and 2.92% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 12.2 million and changing -0.77% at the moment leaves the stock 37.52% off its SMA200. UBER registered 147.49% gain for a year compared to 6-month gain of 65.58%. The firm has a 50-day simple moving average (SMA 50) of $4.42 and a 200-day simple moving average (SMA200) of $43.64.

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The stock witnessed a -3.90% loss in the last 1 month and extending the period to 3 months gives it a 21.00%, and is -4.77% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.36% over the week and 2.76% over the month.

Uber Technologies Inc (UBER) has around 30400 employees, a market worth around $158.64B and $37.28B in sales. Current P/E ratio is 87.10 and Fwd P/E is 38.41. Profit margin for the company is 5.06%. Distance from 52-week low is 161.46% and -6.99% from its 52-week high. The company has generated returns on investments over the last 12 months (8.36%).

Uber Technologies Inc quarterly earnings per share for the current quarter are estimated at $0.24 with sales reaching $10.08B over the same period.The EPS is expected to grow by 43.17% this year, but quarterly earnings will post 16.10% year-over-year. Quarterly sales are estimated to grow 14.20% in year-over-year returns.

Uber Technologies Inc (UBER) Top Institutional Holders

2,005 institutions hold shares in Uber Technologies Inc (UBER), with institutional investors hold 83.80% of the company’s shares. The shares outstanding are 2.07B, and float is at 1.99B with Short Float at 2.90%. Institutions hold 83.66% of the Float.

The top institutional shareholder in the company is Morgan Stanley with over 155.05 million shares valued at $6.69 billion. The investor’s holdings represent 7.59% of the UBER Shares outstanding. As of Jun 29, 2023, the second largest holder is FMR, LLC with 144.14 million shares valued at $6.22 billion to account for 7.05% of the shares outstanding. The other top investors are Vanguard Group Inc which holds 122.29 million shares representing 5.98% and valued at over $5.28 billion, while Blackrock Inc. holds 4.99% of the shares totaling 101.93 million with a market value of $4.4 billion.

Uber Technologies Inc (UBER) Insider Activity

The most recent transaction is an insider sale by Hazelbaker Jill. SEC filings show that Hazelbaker Jill sold 20,000 shares of the company’s common stock on Feb 14 ’24 at a price of $77.83 per share for a total of $1.56 million. Following the sale, the insider now owns 0.11 million shares.

Uber Technologies Inc disclosed in a document filed with the SEC on Feb 12 ’24 that West Tonysold a total of 18,750 shares of the company’s common stock. The trade occurred on Feb 12 ’24 and was made at $70.08 per share for $1.31 million. Following the transaction, the insider now directly holds 0.19 million shares of the UBER stock.

Still, SEC filings show that on Nov 14 ’23, KHOSROWSHAHI DARA (Chief Executive Officer) disposed off 100,000 shares at an average price of $52.84 for $5.28 million. The insider now directly holds 1,016,243 shares of Uber Technologies Inc (UBER).

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