Uber Technologies (NYSE:UBER) Cut to “Hold” at Citizens Jmp

Citizens Jmp lowered shares of Uber Technologies (NYSE:UBER) from a strong-buy rating to a hold rating in a report issued on Thursday,Zacks.com reports.

Other analysts have also recently issued research reports about the company. Bank of America upped their price objective on Uber Technologies from $88.00 to $96.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. Wells Fargo & Company decreased their price objective on shares of Uber Technologies from $97.00 to $90.00 and set an “overweight” rating for the company in a report on Friday, November 1st. JMP Securities cut shares of Uber Technologies from an “outperform” rating to a “market perform” rating and set a $95.00 target price on the stock. in a report on Thursday. Raymond James initiated coverage on shares of Uber Technologies in a report on Tuesday, September 24th. They issued a “strong-buy” rating and a $90.00 price target for the company. Finally, BMO Capital Markets reiterated an “outperform” rating and set a $92.00 price objective on shares of Uber Technologies in a research note on Friday, October 11th. Seven research 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. According to data from MarketBeat.com, Uber Technologies currently has an average rating of “Moderate Buy” and an average price target of $91.53.

Uber Technologies Stock Up 2.2 %

Shares of Uber Technologies stock opened at $64.59 on Thursday. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.41 and a quick ratio of 1.41. Uber Technologies has a 1-year low of $54.84 and a 1-year high of $87.00. The business has a 50-day moving average of $67.98 and a 200-day moving average of $70.69. The company has a market capitalization of $136.01 billion, a PE ratio of 32.13, a P/E/G ratio of 0.75 and a beta of 1.33.

Uber Technologies (NYSE:UBER) last released its earnings results on Thursday, October 31st. The ride-sharing company reported $1.20 EPS for the quarter, beating the consensus estimate of $0.41 by $0.79. The company had revenue of $11.19 billion during the quarter, compared to analysts’ expectations of $10.99 billion. Uber Technologies had a return on equity of 33.46% and a net margin of 10.49%. During the same period in the prior year, the business posted $0.10 EPS. The business’s revenue was up 20.4% on a year-over-year basis. As a group, equities analysts forecast that Uber Technologies will post 1.89 EPS for the current fiscal year.

Insider Activity at Uber Technologies

In related news, insider Jill Hazelbaker sold 27,780 shares of Uber Technologies stock in a transaction that occurred 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 transaction, the insider now owns 107,289 shares of the company’s stock, valued at $7,821,368.10. This trade represents a 20.57 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 3.84% of the stock is owned by company insiders.

Institutional Trading of Uber Technologies

Several hedge funds have recently bought and sold shares of UBER. Foundations Investment Advisors LLC grew its position in shares of Uber Technologies by 12.8% in the 2nd quarter. Foundations Investment Advisors LLC now owns 6,262 shares of the ride-sharing company’s stock valued at $455,000 after acquiring an additional 713 shares during the period. Larson Financial Group LLC increased its holdings in shares of Uber Technologies by 53.6% in the second quarter. Larson Financial Group LLC now owns 2,378 shares of the ride-sharing company’s stock valued at $173,000 after purchasing an additional 830 shares during the last quarter. MCF Advisors LLC raised its position in shares of Uber Technologies by 1,038.5% in the second quarter. MCF Advisors LLC now owns 444 shares of the ride-sharing company’s stock valued at $32,000 after purchasing an additional 405 shares during the period. Parkside Financial Bank & Trust increased its stake in shares of Uber Technologies by 18.4% during the second quarter. Parkside Financial Bank & Trust now owns 4,342 shares of the ride-sharing company’s stock worth $316,000 after purchasing an additional 676 shares during the period. Finally, New York Life Investment Management LLC increased its position in Uber Technologies by 2.0% during the second quarter. New York Life Investment Management LLC now owns 288,461 shares of the ride-sharing company’s stock worth $20,965,000 after acquiring an additional 5,726 shares during the period. 80.24% of the stock is currently owned by institutional investors and hedge funds.

About Uber Technologies

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.