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

Wall Street Zen upgraded shares of Uber Technologies (NYSE:UBER) from a hold rating to a buy rating in a report published on Sunday.

A number of other research firms have also weighed in on UBER. JMP Securities reiterated a “market perform” rating on shares of Uber Technologies in a research note on Thursday, May 15th. Truist Financial increased their target price on Uber Technologies from $90.00 to $92.00 and gave the stock a “buy” rating in a research note on Thursday, March 6th. Wedbush lowered Uber Technologies from an “outperform” rating to a “neutral” rating and increased their target price for the stock from $80.00 to $85.00 in a research note on Thursday, May 8th. Raymond James Financial increased their target price on Uber Technologies from $95.00 to $100.00 and gave the stock a “strong-buy” rating in a research note on Thursday, May 8th. Finally, The Goldman Sachs Group raised their price target on Uber Technologies from $96.00 to $110.00 and gave the company a “buy” rating in a research note on Thursday, May 8th. Eleven equities research analysts have rated the stock with a hold rating, twenty-seven have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $94.39.

Uber Technologies Stock Down 0.5%

Shares of UBER opened at $84.71 on Friday. The company has a market cap of $177.14 billion, a PE ratio of 14.84, a P/E/G ratio of 1.08 and a beta of 1.38. The business has a fifty day moving average of $82.83 and a 200 day moving average of $74.17. Uber Technologies has a 52-week low of $54.84 and a 52-week high of $93.60. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.37.

Uber Technologies (NYSE:UBER) last released its earnings results on Wednesday, May 7th. The ride-sharing company reported $0.83 earnings per share for the quarter, topping analysts’ consensus estimates of $0.50 by $0.33. Uber Technologies had a return on equity of 66.46% and a net margin of 27.07%. The business had revenue of $11.53 billion for the quarter, compared to analyst estimates of $11.61 billion. During the same quarter last year, the firm posted ($0.32) earnings per share. The business’s revenue was up 13.8% compared to the same quarter last year. On average, sell-side analysts expect that Uber Technologies will post 2.54 EPS for the current year.

Insider Buying and Selling

In related news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of Uber Technologies stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $85.00, for a total transaction of $233,750.00. Following the completion of the sale, the chief financial officer now owns 21,063 shares of the company’s stock, valued at $1,790,355. The trade was a 11.55% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Jill Hazelbaker sold 34,884 shares of Uber Technologies stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $86.03, for a total value of $3,001,070.52. Following the sale, the insider now directly owns 102,135 shares of the company’s stock, valued at $8,786,674.05. This trade represents a 25.46% decrease in their position. The disclosure for this sale can be found here. Insiders sold 40,384 shares of company stock valued at $3,441,071 over the last quarter. 3.70% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. Birchbrook Inc. raised its position in Uber Technologies by 9.6% during the first quarter. Birchbrook Inc. now owns 12,940 shares of the ride-sharing company’s stock valued at $943,000 after acquiring an additional 1,133 shares in the last quarter. 1248 Management LLC raised its position in Uber Technologies by 5.9% during the first quarter. 1248 Management LLC now owns 95,832 shares of the ride-sharing company’s stock valued at $6,982,000 after acquiring an additional 5,308 shares in the last quarter. Militia Capital Partners LP raised its position in Uber Technologies by 300.0% during the first quarter. Militia Capital Partners LP now owns 8,000 shares of the ride-sharing company’s stock valued at $583,000 after acquiring an additional 6,000 shares in the last quarter. CBIZ Investment Advisory Services LLC raised its position in Uber Technologies by 42.1% during the first quarter. CBIZ Investment Advisory Services LLC now owns 466 shares of the ride-sharing company’s stock valued at $34,000 after acquiring an additional 138 shares in the last quarter. Finally, Modern Wealth Management LLC purchased a new position in Uber Technologies during the first quarter valued at approximately $1,575,000. 80.24% of the stock is currently owned by hedge funds and other institutional investors.

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.