In the latest trading session, 2.5 million Uber Technologies Inc (NYSE:UBER) shares changed hands as the company’s beta touched 1.32. With the company’s most recent per share price at $73.73 changing hands around $0.42 or 0.57% at last look, the market valuation stands at $154.90B. UBER’s current price is a discount, trading about -11.41% off its 52-week high of $82.14. The share price had its 52-week low at $40.09, which suggests the last value was 45.63% up since then. When we look at Uber Technologies Inc’s average trading volume, we note the 10-day average is 15.4 million shares, with the 3-month average coming to 16.75 million.
Analysts gave the Uber Technologies Inc (UBER) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.33. If we narrow down to specifics, the data shows that 1 out of 32 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 1 recommended UBER as a Hold, 30 felt it is a Buy and 0 rated the stock as Underweight.
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Uber Technologies Inc (NYSE:UBER) trade information
Instantly UBER is in green as seen in intraday trades today. With action 2.50%, the performance over the past five days has been green. The company’s shares are showing year-to-date upside of 19.75%, with the 5-day performance at 2.50% in the green. However, in the 30-day time frame, Uber Technologies Inc (NYSE:UBER) is 9.20% up. Looking at the short shares, we see there were 43.8 million shares sold at short interest cover period of 2.85 days.
The consensus price target for the stock as assigned by Wall Street analysts is 67, meaning bulls need a downside of -10.04% from its recent market value. According to analyst projections, UBER’s forecast low is 38 with 100 as the target high. To hit the forecast high, the stock’s price needs a -35.63% plunge from its current level, while the stock would need to tank 48.46% for it to hit the projected low.
Uber Technologies Inc (UBER) estimates and forecasts
Data shows that the Uber Technologies Inc share is performing relatively much not better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -3.55% over the past 6 months, a 19.54% in annual growth rate that is considerably lower than the industry average of 19.70%.
The 2024 estimates are for Uber Technologies Inc earnings to increase by 22.14%, but the outlook for the next 5-year period is at 47.00% per year.
UBER Dividends
Uber Technologies Inc is expected to release its next quarterly earnings report in September.
Uber Technologies Inc (NYSE:UBER)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 0.18% of Uber Technologies Inc shares while 83.75% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 83.91%. There are 83.75% institutions holding the Uber Technologies Inc stock share, with VANGUARD GROUP INC the top institutional holder. As of 2024-06-30, the company held 8.4771% of the shares, roughly 176.19 million UBER shares worth $12.81 billion.
BLACKROCK INC. holds the second largest percentage of outstanding shares, with 7.0951% or 147.47 million shares worth $10.72 billion as of 2024-06-30.
Among Mutual Funds, the top two as of Mar 31, 2024 were Vanguard Total Stock Market Index Fund and Vanguard 500 Index Fund. With 62.01 shares estimated at $4.58 billion under it, the former controlled 2.95% of total outstanding shares. On the other hand, Vanguard 500 Index Fund held about 2.47% of the shares, roughly 51.86 shares worth around $3.83 billion.
