Is Uber Technologies Inc (NYSE: UBER) Worth What Its Shareholders Think It Is?

During the last session, Uber Technologies Inc (NYSE:UBER)’s traded shares were 19.87 million, with the beta value of the company hitting 1.36. At the end of the trading day, the stock’s price was $76.81, reflecting an intraday loss of -0.22% or -$0.17. The 52-week high for the UBER share is $82.14, that puts it down -6.94 from that peak though still a striking 61.96% gain since the share price plummeted to a 52-week low of $29.22. The company’s market capitalization is $159.50B, and the average intraday trading volume over the past 10 days was 13.37 million shares, and the average trade volume was 19.74 million shares over the past three months.

Uber Technologies Inc (NYSE:UBER) trade information

Uber Technologies Inc (UBER) registered a -0.22% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -0.22% in intraday trading to $76.81, hitting a weekly high. The stock’s 5-day price performance is -1.41%, and it has moved by -5.52% in 30 days. Based on these gigs, the overall price performance for the year is 142.30%. The short interest in Uber Technologies Inc (NYSE:UBER) is 57.82 million shares and it means that shorts have 3.28 day(s) to cover.

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Uber Technologies Inc (UBER) estimates and forecasts

Statistics show that Uber Technologies Inc has outperformed its competitors in share price, compared to the industry in which it operates. Uber Technologies Inc (UBER) shares have gone up 68.15% during the last six months, with a year-to-date growth rate more than the industry average at 36.78% against 17.70. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to grow 400.00% this quarter and then jump 66.70% in the quarter after that. In the rating firms’ projections, revenue will increase 16.10% compared to the previous financial year.

Revenue for the current quarter is expected to be $10.08 billion as predicted by 38 analyst(s). Meanwhile, a consensus of 36 analyst(s) estimates revenue growth to $10.62 billion by the end of Jun 2024. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled $8.82 billion and $9.23 billion respectively. In this case, analysts expect current quarter sales to grow by 14.20% and then jump by 15.10% in the coming quarter.

While earnings are projected to return 43.17% in 2024, the next five years will return 47.00% per annum.

UBER Dividends

Uber Technologies Inc is due to release its next quarterly earnings between April 30 and May 06. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.

Uber Technologies Inc (NYSE:UBER)’s Major holders

Uber Technologies Inc insiders own 0.17% of total outstanding shares while institutional holders control 83.66%, with the float percentage being 83.80%. Morgan Stanley is the largest shareholder of the company, while 2,005 institutions own stock in it. As of Jun 29, 2023, the company held over 155.05 million shares (or 7.59% of all shares), a total value of $6.69 billion in shares.

The next largest institutional holding, with 144.14 million shares, is of FMR, LLC’s that is approximately 7.05% of outstanding shares. At the market price on Jun 29, 2023, these shares were valued at $6.22 billion.

Also, the Mutual Funds coming in first place with the largest holdings of Uber Technologies Inc (UBER) shares are Vanguard Total Stock Market Index Fund and Vanguard Extended Market Index Fund. Data provided on Jun 29, 2023 indicates that Vanguard Total Stock Market Index Fund owns about 59.98 million shares. This amounts to just over 2.93 percent of the company’s overall shares, with a $2.59 billion market value. The same data shows that the other fund manager holds slightly less at 28.13 million, or about 1.38% of the stock, which is worth about $1.21 billion.