Uber Technologies (NYSE:UBER) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Uber Technologies (NYSE:UBER) from a hold rating to a buy rating in a research note published on Saturday morning.

Several other analysts have also recently weighed in on UBER. Wells Fargo & Company dropped their price target on shares of Uber Technologies from $125.00 to $120.00 and set an “overweight” rating for the company in a research note on Wednesday, November 5th. Benchmark reaffirmed a “hold” rating on shares of Uber Technologies in a research report on Tuesday, October 28th. UBS Group set a $122.00 price objective on shares of Uber Technologies and gave the stock a “buy” rating in a research report on Wednesday, November 5th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $108.00 target price on shares of Uber Technologies in a report on Wednesday, October 29th. Finally, The Goldman Sachs Group restated a “buy” rating on shares of Uber Technologies in a research note on Wednesday, November 5th. Two equities research analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $108.26.

Uber Technologies Stock Performance

Uber Technologies stock opened at $94.17 on Friday. The company’s 50-day moving average price is $95.47 and its 200-day moving average price is $91.44. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.37. The company has a market cap of $195.67 billion, a PE ratio of 12.10 and a beta of 1.46. Uber Technologies has a twelve month low of $59.33 and a twelve month high of $101.99.

Uber Technologies (NYSE:UBER) last released its earnings results on Tuesday, November 4th. The ride-sharing company reported $3.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.67 by $2.44. Uber Technologies had a net margin of 33.54% and a return on equity of 68.17%. The firm had revenue of $13.47 billion during the quarter, compared to analyst estimates of $13.25 billion. During the same quarter last year, the business earned $1.20 EPS. The business’s revenue was up 20.4% on a year-over-year basis. On average, equities research analysts forecast that Uber Technologies will post 2.54 EPS for the current fiscal year.

Insider Activity

In related news, insider Jill Hazelbaker sold 31,250 shares of the company’s stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $96.42, for a total value of $3,013,125.00. Following the transaction, the insider owned 86,531 shares in the company, valued at approximately $8,343,319.02. This represents a 26.53% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Dara Khosrowshahi sold 150,000 shares of the stock in a transaction that occurred on Monday, September 22nd. The stock was sold at an average price of $100.48, for a total value of $15,072,000.00. Following the transaction, the chief executive officer owned 982,544 shares in the company, valued at approximately $98,726,021.12. This trade represents a 13.24% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 604,946 shares of company stock valued at $58,950,116. 3.70% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Uber Technologies

Hedge funds and other institutional investors have recently modified their holdings of the business. Vanguard Group Inc. lifted its stake in Uber Technologies by 0.7% in the 3rd quarter. Vanguard Group Inc. now owns 190,828,841 shares of the ride-sharing company’s stock worth $18,695,502,000 after purchasing an additional 1,277,322 shares in the last quarter. Geode Capital Management LLC increased its stake in Uber Technologies by 2.6% in the 2nd quarter. Geode Capital Management LLC now owns 45,859,136 shares of the ride-sharing company’s stock worth $4,258,756,000 after purchasing an additional 1,168,288 shares during the period. Pershing Square Capital Management L.P. bought a new stake in Uber Technologies during the 1st quarter valued at $2,207,743,000. Norges Bank bought a new stake in shares of Uber Technologies in the second quarter worth about $2,348,319,000. Finally, Kingstone Capital Partners Texas LLC lifted its holdings in Uber Technologies by 334,075.7% in the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 19,973,682 shares of the ride-sharing company’s stock worth $1,863,545,000 after buying an additional 19,967,705 shares during the period. Institutional investors own 80.24% of the company’s stock.

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.