Uber Technologies, Inc. (NYSE:UBER) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Uber Technologies, Inc. (NYSE:UBER) has been given an average rating of “Moderate Buy” by the thirty-nine analysts that are covering the stock, Marketbeat reports. Seven analysts have rated the stock with a hold rating, thirty-one have assigned a buy rating and one has given a strong buy rating to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $91.08.

A number of analysts have recently issued reports on the stock. Piper Sandler cut their target price on shares of Uber Technologies from $98.00 to $82.00 and set an “overweight” rating for the company in a research note on Tuesday. The Goldman Sachs Group restated a “buy” rating and set a $96.00 price objective on shares of Uber Technologies in a report on Thursday, January 2nd. DA Davidson increased their target price on Uber Technologies from $82.00 to $84.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. BMO Capital Markets restated an “outperform” rating and issued a $92.00 price target on shares of Uber Technologies in a research note on Friday, October 11th. Finally, Wolfe Research increased their price objective on Uber Technologies from $90.00 to $92.00 and gave the stock an “outperform” rating in a research report on Friday, January 3rd.

Uber Technologies Price Performance

NYSE:UBER opened at $66.59 on Friday. Uber Technologies has a 12-month low of $54.84 and a 12-month high of $87.00. The firm has a market capitalization of $140.21 billion, a price-to-earnings ratio of 33.13, a P/E/G ratio of 0.77 and a beta of 1.36. The stock’s 50 day moving average price is $65.77 and its two-hundred day moving average price is $70.17. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.70.

Uber Technologies (NYSE:UBER) last announced its quarterly earnings results on Thursday, October 31st. The ride-sharing company reported $1.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.41 by $0.79. Uber Technologies had a return on equity of 33.46% and a net margin of 10.49%. The business had revenue of $11.19 billion during the quarter, compared to the consensus estimate of $10.99 billion. During the same quarter last year, the firm posted $0.10 EPS. The company’s quarterly revenue was up 20.4% on a year-over-year basis. On average, analysts anticipate that Uber Technologies will post 1.86 earnings per share for the current year.

Insider Transactions at Uber Technologies

In other news, insider Jill Hazelbaker sold 27,780 shares of the firm’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $72.90, for a total transaction of $2,025,162.00. Following the completion of the transaction, the insider now owns 107,289 shares of the company’s stock, valued at approximately $7,821,368.10. This trade represents a 20.57 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 3.84% of the company’s stock.

Institutional Trading of Uber Technologies

Institutional investors and hedge funds have recently bought and sold shares of the stock. Daymark Wealth Partners LLC raised its position in shares of Uber Technologies by 15.3% during the second quarter. Daymark Wealth Partners LLC now owns 6,347 shares of the ride-sharing company’s stock worth $461,000 after acquiring an additional 844 shares during the last quarter. The Manufacturers Life Insurance Company raised its holdings in Uber Technologies by 3.2% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,294,878 shares of the ride-sharing company’s stock worth $94,098,000 after purchasing an additional 39,791 shares during the last quarter. SkyView Investment Advisors LLC lifted its position in shares of Uber Technologies by 6.6% in the 2nd quarter. SkyView Investment Advisors LLC now owns 29,405 shares of the ride-sharing company’s stock worth $2,137,000 after purchasing an additional 1,810 shares during the period. Ascent Group LLC increased its position in shares of Uber Technologies by 8.1% during the second quarter. Ascent Group LLC now owns 20,654 shares of the ride-sharing company’s stock worth $1,501,000 after buying an additional 1,546 shares during the period. Finally, Creative Planning raised its stake in Uber Technologies by 3.3% during the second quarter. Creative Planning now owns 145,672 shares of the ride-sharing company’s stock worth $10,587,000 after buying an additional 4,600 shares during the last quarter. 80.24% of the stock is currently owned by institutional investors and hedge funds.

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.