Uber Technologies (NYSE:UBER) Rating Lowered to Neutral at Daiwa Capital Markets

Daiwa Capital Markets lowered shares of Uber Technologies (NYSE:UBER) from an outperform rating to a neutral rating in a research note released on Thursday morning, Marketbeat Ratings reports. The firm currently has $84.00 target price on the ride-sharing company’s stock.

Other research analysts also recently issued research reports about the stock. Cantor Fitzgerald restated an “overweight” rating and set a $90.00 price objective on shares of Uber Technologies in a research report on Monday, October 7th. Royal Bank of Canada restated an “outperform” rating and set a $80.00 price objective on shares of Uber Technologies in a research report on Wednesday, August 7th. Truist Financial increased their price target on shares of Uber Technologies from $88.00 to $99.00 and gave the stock a “buy” rating in a research report on Monday, October 7th. The Goldman Sachs Group increased their price target on shares of Uber Technologies from $85.00 to $90.00 and gave the stock a “buy” rating in a research report on Wednesday, August 7th. Finally, DA Davidson increased their price target on shares of Uber Technologies from $81.00 to $82.00 and gave the stock a “buy” rating in a research report on Wednesday, August 7th. Six analysts have rated the stock with a hold rating, thirty-one have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $88.51.

Uber Technologies Trading Down 0.9 %

NYSE:UBER opened at $79.16 on Thursday. The company’s 50 day moving average price is $74.30 and its 200-day moving average price is $70.63. Uber Technologies has a 52 week low of $40.09 and a 52 week high of $87.00. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.72. The stock has a market cap of $166.31 billion, a price-to-earnings ratio of 86.99, a PEG ratio of 1.37 and a beta of 1.33.

Uber Technologies (NYSE:UBER) last issued its quarterly earnings data on Tuesday, August 6th. The ride-sharing company reported $0.47 earnings per share for the quarter, beating analysts’ consensus estimates of $0.31 by $0.16. The company had revenue of $10.70 billion for the quarter, compared to the consensus estimate of $10.57 billion. Uber Technologies had a net margin of 5.02% and a return on equity of 17.06%. The firm’s revenue for the quarter was up 15.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.18 earnings per share. On average, equities research analysts forecast that Uber Technologies will post 1.08 earnings per share for the current fiscal year.

Insider Transactions at Uber Technologies

In other news, insider Jill Hazelbaker sold 40,000 shares of the firm’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $72.00, for a total value of $2,880,000.00. Following the completion of the sale, the insider now owns 127,352 shares in the company, valued at approximately $9,169,344. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 3.84% of the company’s stock.

Institutional Investors Weigh In On Uber Technologies

Several large investors have recently modified their holdings of UBER. Procyon Advisors LLC grew its position in shares of Uber Technologies by 2.1% in the 3rd quarter. Procyon Advisors LLC now owns 6,326 shares of the ride-sharing company’s stock worth $476,000 after buying an additional 131 shares during the last quarter. Wealthspire Advisors LLC raised its position in Uber Technologies by 0.6% during the second quarter. Wealthspire Advisors LLC now owns 24,893 shares of the ride-sharing company’s stock worth $1,809,000 after acquiring an additional 151 shares during the period. Sivia Capital Partners LLC raised its position in Uber Technologies by 3.3% during the first quarter. Sivia Capital Partners LLC now owns 4,882 shares of the ride-sharing company’s stock worth $376,000 after acquiring an additional 157 shares during the period. Wellington Shields Capital Management LLC raised its position in Uber Technologies by 6.1% during the first quarter. Wellington Shields Capital Management LLC now owns 2,756 shares of the ride-sharing company’s stock worth $212,000 after acquiring an additional 159 shares during the period. Finally, Industrial Alliance Investment Management Inc. raised its position in Uber Technologies by 3.2% during the first quarter. Industrial Alliance Investment Management Inc. now owns 5,170 shares of the ride-sharing company’s stock worth $398,000 after acquiring an additional 160 shares during the period. Institutional investors own 80.24% of the company’s stock.

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.