Uber Technologies, Inc. (NYSE:UBER) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of Uber Technologies, Inc. (NYSE:UBER) have earned an average rating of “Moderate Buy” from the thirty-nine analysts that are currently covering the stock, MarketBeat reports. Six research analysts have rated the stock with a hold recommendation, thirty-two have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $90.32.

Several brokerages have recently issued reports on UBER. Oppenheimer boosted their price target on shares of Uber Technologies from $90.00 to $95.00 and gave the company an “outperform” rating in a report on Friday, September 27th. TD Cowen increased their price target on Uber Technologies from $88.00 to $90.00 and gave the stock a “buy” rating in a report on Tuesday, July 23rd. Gordon Haskett raised Uber Technologies from a “hold” rating to a “buy” rating and set a $85.00 price target on the stock in a research report on Thursday, October 31st. Melius Research assumed coverage on Uber Technologies in a research report on Monday, July 22nd. They issued a “hold” rating and a $77.00 price objective for the company. Finally, Loop Capital raised their target price on shares of Uber Technologies from $84.00 to $86.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th.

Insider Transactions at Uber Technologies

In other news, insider Jill Hazelbaker sold 40,000 shares of the stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $72.00, for a total transaction of $2,880,000.00. Following the transaction, the insider now owns 127,352 shares in the company, valued at approximately $9,169,344. This trade represents a 23.90 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 3.84% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. GHP Investment Advisors Inc. increased its position in Uber Technologies by 222.7% during the second quarter. GHP Investment Advisors Inc. now owns 355 shares of the ride-sharing company’s stock worth $26,000 after acquiring an additional 245 shares during the period. WR Wealth Planners LLC grew its holdings in shares of Uber Technologies by 563.9% during the 2nd quarter. WR Wealth Planners LLC now owns 405 shares of the ride-sharing company’s stock worth $29,000 after purchasing an additional 344 shares in the last quarter. J.Safra Asset Management Corp bought a new position in shares of Uber Technologies in the first quarter worth $32,000. MCF Advisors LLC lifted its position in Uber Technologies by 1,038.5% during the second quarter. MCF Advisors LLC now owns 444 shares of the ride-sharing company’s stock worth $32,000 after purchasing an additional 405 shares during the period. Finally, Founders Capital Management acquired a new stake in Uber Technologies during the second quarter worth about $33,000. 80.24% of the stock is owned by institutional investors and hedge funds.

Uber Technologies Price Performance

Shares of UBER opened at $73.25 on Tuesday. The stock has a market cap of $154.24 billion, a P/E ratio of 36.44, a price-to-earnings-growth ratio of 0.71 and a beta of 1.34. Uber Technologies has a 1 year low of $53.15 and a 1 year high of $87.00. The stock’s 50-day moving average price is $75.48 and its two-hundred day moving average price is $71.05. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.70.

Uber Technologies (NYSE:UBER) last released its quarterly earnings data on Thursday, October 31st. The ride-sharing company reported $1.20 earnings per share for the quarter, topping the consensus estimate of $0.41 by $0.79. Uber Technologies had a net margin of 10.49% and a return on equity of 33.46%. The business had revenue of $11.19 billion for the quarter, compared to analyst estimates of $10.99 billion. During the same quarter last year, the firm earned $0.10 EPS. Uber Technologies’s quarterly revenue was up 20.4% compared to the same quarter last year. On average, equities analysts predict that Uber Technologies will post 1.83 earnings per share for the current year.

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.