Uber Technologies Inc (NYSE: UBER) is 25.78% higher on its value in year-to-date trading and has touched a low of $40.09 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 $74.71 in the last trading session, with the day’s gains setting it 2.73%.
Currently trading at $77.44, the stock is 7.71% and 11.21% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 15.49 million and changing 3.65% at the moment leaves the stock 11.16% off its SMA200. UBER registered 74.38% gain for a year compared to 6-month loss of -2.48%. The firm has a 50-day simple moving average (SMA 50) of $69.734 and a 200-day simple moving average (SMA200) of $69.75145.
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The stock witnessed a 4.23% gain in the last 1 month and extending the period to 3 months gives it a 8.49%, and is 6.40% up 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 2.46% over the week and 2.77% over the month.
Uber Technologies Inc (UBER) has around 30400 employees, a market worth around $162.70B and $40.06B in sales. Current P/E ratio is 83.31 and Fwd P/E is 34.00. Profit margin for the company is 5.02%. Distance from 52-week low is 93.17% and -5.72% from its 52-week high. The company has generated returns on investments over the last 12 months (8.63%).
with sales reaching $10.97B over the same period.The EPS is expected to grow by 24.13% this year, but quarterly earnings will post 24.50% year-over-year. Quarterly sales are estimated to grow 18.10% in year-over-year returns.
Uber Technologies Inc (UBER) Top Institutional Holders
2322.0 institutions hold shares in Uber Technologies Inc (UBER), with institutional investors hold 83.69% of the company’s shares. The shares outstanding are 2.07B, and float is at 2.02B with Short Float at 2.57%. Institutions hold 83.55% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 176.19 million shares valued at $12.81 billion. The investor’s holdings represent 8.4771% of the UBER Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 147.47 million shares valued at $10.72 billion to account for 7.0951 of the shares outstanding. The other top investors are FMR LLC which holds 104.3 million shares representing 5.0182% and valued at over $7.58 billion, while MORGAN STANLEY holds 4.7072 of the shares totaling 97.84 million with a market value of $7.11 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 40,000 shares of the company’s common stock on Sep 16 ’24 at a price of $72.00 per share for a total of $2.88 million. Following the sale, the insider now owns 0.13 million shares.
Still, SEC filings show that on Jul 15 ’24, KHOSROWSHAHI DARA (Chief Executive Officer) disposed off 500,000 shares at an average price of $71.91 for $35.96 million. The insider now directly holds 1,266,114 shares of Uber Technologies Inc (UBER).
