Uber Technologies’ (UBER) “Buy” Rating Reiterated at BTIG Research

BTIG Research reissued their buy rating on shares of Uber Technologies (NYSE:UBER) in a research report report published on Thursday,Benzinga reports. The firm currently has a $100.00 price target on the ride-sharing company’s stock.

Other equities research analysts have also issued research reports about the company. Erste Group Bank lowered Uber Technologies from a “buy” rating to a “hold” rating in a report on Friday, December 5th. Arete Research set a $125.00 target price on shares of Uber Technologies and gave the stock a “buy” rating in a research report on Wednesday, December 3rd. TD Cowen boosted their price target on shares of Uber Technologies from $108.00 to $114.00 and gave the company a “buy” rating in a research report on Wednesday, November 5th. Royal Bank Of Canada set a $110.00 price target on shares of Uber Technologies in a research note on Wednesday, November 5th. Finally, Sanford C. Bernstein reiterated an “outperform” rating on shares of Uber Technologies in a research note on Thursday, December 18th. Three research analysts have rated the stock with a Strong Buy rating, thirty-two have issued a Buy rating, eight have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $107.18.

Uber Technologies Trading Up 0.6%

NYSE:UBER opened at $84.90 on Thursday. Uber Technologies has a 12 month low of $60.63 and a 12 month high of $101.99. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 0.37. The firm’s 50 day moving average is $85.59 and its 200 day moving average is $91.09. The stock has a market capitalization of $176.41 billion, a PE ratio of 10.91 and a beta of 1.20.

Uber Technologies (NYSE:UBER) last announced its quarterly earnings data on Tuesday, November 4th. The ride-sharing company reported $3.11 earnings per share for the quarter, beating the consensus estimate of $0.67 by $2.44. The business had revenue of $13.47 billion during the quarter, compared to analyst estimates of $13.25 billion. Uber Technologies had a return on equity of 68.17% and a net margin of 33.54%.Uber Technologies’s revenue was up 20.4% compared to the same quarter last year. During the same period in the prior year, the company earned $1.20 earnings per share. Sell-side analysts expect that Uber Technologies will post 2.54 earnings per share for the current year.

Insider Buying and Selling at Uber Technologies

In other Uber Technologies news, insider Tony West sold 3,125 shares of the company’s stock in a transaction dated Thursday, December 18th. The stock was sold at an average price of $80.36, for a total value of $251,125.00. Following the transaction, the insider directly owned 175,423 shares in the company, valued at $14,096,992.28. This represents a 1.75% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Prashanth Mahendra-Rajah sold 5,500 shares of the firm’s stock in a transaction dated Wednesday, November 12th. The shares were sold at an average price of $94.41, for a total value of $519,255.00. Following the completion of the sale, the chief financial officer directly owned 20,330 shares in the company, valued at approximately $1,919,355.30. The trade was a 21.29% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 14,875 shares of company stock worth $1,348,818. Insiders own 3.84% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of UBER. Measured Wealth Private Client Group LLC purchased a new stake in shares of Uber Technologies during the 3rd quarter valued at $25,000. Kilter Group LLC bought a new position in Uber Technologies in the second quarter valued at $26,000. Westend Capital Management LLC bought a new position in Uber Technologies in the third quarter valued at $27,000. West Oak Capital LLC purchased a new stake in Uber Technologies during the second quarter valued at about $28,000. Finally, Trust Co. of Toledo NA OH bought a new stake in Uber Technologies during the second quarter worth about $30,000. 80.24% of the stock is currently owned by institutional investors.

Key Uber Technologies News

Here are the key news stories impacting Uber Technologies this week:

• Positive Sentiment: BNP Paribas/Exane initiated coverage and upgraded Uber to a strong?buy / began coverage — institutional attention and a bullish research view can drive demand and support the stock. TickerReport Coverage
• Positive Sentiment: Kroger partnership: nearly 2,700 Kroger stores are now available on Uber Eats, Uber and Postmates — expands grocery delivery footprint, ups take rates and order density for delivery economics. PR Newswire: Kroger Launch
• Positive Sentiment: Analyst support continues: BTIG reaffirmed a Buy with a $100 price target and other firms (Mizuho, others) remain bullish — helps near?term sentiment and can sustain buying interest. Benzinga Analyst Note
• Neutral Sentiment: Coverage pieces and bullish writeups (Zacks, Motley Fool, Seeking Alpha) pitch Uber as a growth/value opportunity given recent selloffs and emerging tech tailwinds — these amplify the bull case but don’t add new operational data. Zacks Growth Score
• Neutral Sentiment: Strategic wins abroad: reporting on Uber’s Japan push (NYT feature) highlights long?term TAM expansion but benefits will accrue gradually and depend on local execution. NYT: Japan Strategy
• Negative Sentiment: Labor/reputation/legal pressure: NYC alleges DoorDash/Uber shorted drivers on ~$550M in tips — potential for fines, tighter regulation and PR damage that can increase operating costs and complicate driver relations. Bloomberg Law: Tip Allegation
• Negative Sentiment: Criticism of ballot initiative: LA Times op?ed accuses Uber of pushing a consumer?facing ballot measure that mainly protects company economics — could complicate public perception and local regulatory fights. LA Times Opinion

Uber Technologies Company Profile

Uber Technologies, Inc is a technology company that operates a global platform connecting riders, drivers, couriers, restaurants and shippers. Founded in 2009 by Garrett Camp and Travis Kalanick and headquartered in San Francisco, Uber developed one of the first large-scale ride-hailing marketplaces and has since expanded into a broader set of mobility and logistics services. The company completed its initial public offering in 2019 and continues to position its app-based network as a multi-modal transportation and delivery platform.

Uber’s principal businesses include mobility services (ride-hailing and shared rides), delivery through Uber Eats, and freight logistics via Uber Freight.