Uber Technologies (NYSE:UBER) Given “Buy” Rating at Moffett Nathanson

Uber Technologies (NYSE:UBER)‘s stock had its “buy” rating restated by Moffett Nathanson in a research report issued to clients and investors on Thursday, Benzinga reports. They presently have a $92.00 price target on the ride-sharing company’s stock. Moffett Nathanson’s target price points to a potential upside of 22.21% from the company’s current price.

Other analysts have also recently issued reports about the company. Jefferies Financial Group increased their target price on Uber Technologies from $95.00 to $100.00 and gave the stock a “buy” rating in a research note on Friday, April 5th. Bank of America raised their price target on shares of Uber Technologies from $68.00 to $73.00 and gave the stock a “buy” rating in a research note on Tuesday, January 30th. The Goldman Sachs Group raised their price target on shares of Uber Technologies from $59.00 to $78.00 and gave the stock a “buy” rating in a research note on Thursday, January 11th. KeyCorp raised their price target on shares of Uber Technologies from $79.00 to $90.00 and gave the stock an “overweight” rating in a research note on Thursday, February 15th. Finally, Piper Sandler raised their price target on shares of Uber Technologies from $78.00 to $92.00 and gave the stock an “overweight” rating in a research note on Friday, March 15th. Two investment analysts have rated the stock with a hold rating and twenty-nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Uber Technologies presently has a consensus rating of “Moderate Buy” and an average target price of $78.21.

Uber Technologies Price Performance

NYSE UBER opened at $75.28 on Thursday. The business has a 50 day simple moving average of $76.74 and a 200 day simple moving average of $62.58. Uber Technologies has a 52-week low of $29.22 and a 52-week high of $82.14. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.19 and a current ratio of 1.19. The stock has a market cap of $156.69 billion, a price-to-earnings ratio of 87.53, a PEG ratio of 1.20 and a beta of 1.36.

Uber Technologies (NYSE:UBER) last posted its earnings results on Wednesday, February 7th. The ride-sharing company reported $0.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.16 by $0.50. Uber Technologies had a return on equity of 18.95% and a net margin of 5.06%. The business had revenue of $9.94 billion during the quarter, compared to analysts’ expectations of $9.76 billion. During the same period in the prior year, the business earned $0.29 EPS. Uber Technologies’s revenue for the quarter was up 15.4% compared to the same quarter last year. Analysts anticipate that Uber Technologies will post 1.2 earnings per share for the current fiscal year.

Insider Transactions at Uber Technologies

In other news, insider Jill Hazelbaker sold 20,000 shares of Uber Technologies stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $77.83, for a total transaction of $1,556,600.00. Following the completion of the sale, the insider now owns 107,290 shares of the company’s stock, valued at $8,350,380.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, insider Tony West sold 18,750 shares of Uber Technologies stock in a transaction on Monday, February 12th. The stock was sold at an average price of $70.08, for a total transaction of $1,314,000.00. Following the completion of the sale, the insider now owns 185,566 shares of the company’s stock, valued at $13,004,465.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Jill Hazelbaker sold 20,000 shares of the firm’s stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $77.83, for a total value of $1,556,600.00. Following the completion of the transaction, the insider now owns 107,290 shares in the company, valued at approximately $8,350,380.70. The disclosure for this sale can be found here. Insiders own 3.84% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of UBER. Vanguard Group Inc. increased its position in shares of Uber Technologies by 34.8% in the fourth quarter. Vanguard Group Inc. now owns 167,629,367 shares of the ride-sharing company’s stock worth $10,320,940,000 after purchasing an additional 43,275,830 shares during the period. Norges Bank bought a new position in shares of Uber Technologies in the fourth quarter worth $580,568,000. Altimeter Capital Management LP increased its position in shares of Uber Technologies by 167.5% in the first quarter. Altimeter Capital Management LP now owns 30,760,000 shares of the ride-sharing company’s stock worth $1,193,422,000 after purchasing an additional 19,260,000 shares during the period. Price T Rowe Associates Inc. MD increased its position in shares of Uber Technologies by 147.9% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 26,429,473 shares of the ride-sharing company’s stock worth $1,627,264,000 after purchasing an additional 15,766,355 shares during the period. Finally, Brown Advisory Inc. increased its position in shares of Uber Technologies by 1,108.6% in the third quarter. Brown Advisory Inc. now owns 15,683,867 shares of the ride-sharing company’s stock worth $721,301,000 after purchasing an additional 14,386,205 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.