Uber Technologies, Inc. (NYSE:UBER) Given Average Rating of “Moderate Buy” by Brokerages

Uber Technologies, Inc. (NYSE:UBER) has earned a consensus recommendation of “Moderate Buy” from the thirty-six research firms that are currently covering the firm, Marketbeat Ratings reports. Seven equities research analysts have rated the stock with a hold rating, twenty-eight have assigned a buy rating and one has given a strong buy rating to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $90.91.

Several research firms recently weighed in on UBER. Citigroup dropped their price objective on shares of Uber Technologies from $98.00 to $92.00 and set a “buy” rating on the stock in a research note on Thursday, February 6th. KeyCorp dropped their price target on Uber Technologies from $90.00 to $85.00 and set an “overweight” rating on the stock in a research report on Friday, November 1st. Piper Sandler reissued an “overweight” rating and issued a $87.00 price target (up previously from $80.00) on shares of Uber Technologies in a report on Tuesday. Wells Fargo & Company lowered their price objective on Uber Technologies from $90.00 to $87.00 and set an “overweight” rating for the company in a research note on Thursday, February 6th. Finally, JMP Securities reaffirmed a “market perform” rating on shares of Uber Technologies in a research report on Thursday, February 6th.

Insider Buying and Selling

In other 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 value of $2,025,162.00. Following the transaction, the insider now directly owns 107,289 shares of the company’s stock, valued at $7,821,368.10. This trade represents a 20.57 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 3.80% of the company’s stock.

Hedge Funds Weigh In On Uber Technologies

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in UBER. AMF Tjanstepension AB acquired a new stake in Uber Technologies during the 3rd quarter worth about $163,468,000. Stratos Wealth Advisors LLC lifted its position in shares of Uber Technologies by 3.9% in the third quarter. Stratos Wealth Advisors LLC now owns 5,327 shares of the ride-sharing company’s stock worth $400,000 after purchasing an additional 202 shares in the last quarter. Whittier Trust Co. of Nevada Inc. boosted its holdings in shares of Uber Technologies by 25.1% during the third quarter. Whittier Trust Co. of Nevada Inc. now owns 3,161 shares of the ride-sharing company’s stock worth $238,000 after purchasing an additional 635 shares during the period. Raleigh Capital Management Inc. grew its position in Uber Technologies by 95.8% during the third quarter. Raleigh Capital Management Inc. now owns 3,133 shares of the ride-sharing company’s stock valued at $235,000 after purchasing an additional 1,533 shares in the last quarter. Finally, Foundations Investment Advisors LLC increased its stake in Uber Technologies by 34.0% in the 3rd quarter. Foundations Investment Advisors LLC now owns 8,392 shares of the ride-sharing company’s stock valued at $631,000 after buying an additional 2,130 shares during the period. Institutional investors and hedge funds own 80.24% of the company’s stock.

Uber Technologies Price Performance

Shares of NYSE UBER opened at $81.17 on Thursday. The company has a current ratio of 1.07, a quick ratio of 1.41 and a debt-to-equity ratio of 0.37. The company has a market capitalization of $170.93 billion, a price-to-earnings ratio of 17.80, a price-to-earnings-growth ratio of 0.87 and a beta of 1.39. Uber Technologies has a twelve month low of $54.84 and a twelve month high of $87.00. The business has a 50 day simple moving average of $67.27 and a 200-day simple moving average of $71.04.

Uber Technologies (NYSE:UBER) last released its earnings results on Wednesday, February 5th. The ride-sharing company reported $3.21 earnings per share for the quarter, beating the consensus estimate of $0.50 by $2.71. Uber Technologies had a net margin of 22.41% and a return on equity of 62.60%. As a group, equities research analysts expect that Uber Technologies will post 2.52 earnings per share for the current year.

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.