DA Davidson Reiterates Buy Rating for Uber Technologies (NYSE:UBER)

Uber Technologies (NYSE:UBER)‘s stock had its “buy” rating reissued by investment analysts at DA Davidson in a report issued on Wednesday, Benzinga reports. They presently have a $81.00 price objective on the ride-sharing company’s stock. DA Davidson’s price target would suggest a potential upside of 19.24% from the stock’s current price.

A number of other equities analysts have also recently commented on the stock. Moffett Nathanson reissued a “buy” rating and issued a $92.00 price target on shares of Uber Technologies in a research note on Thursday, April 11th. JPMorgan Chase & Co. boosted their price objective on shares of Uber Technologies from $84.00 to $95.00 and gave the stock an “overweight” rating in a report on Thursday, February 15th. The Goldman Sachs Group boosted their price objective on shares of Uber Technologies from $59.00 to $78.00 and gave the stock a “buy” rating in a report on Thursday, January 11th. Jefferies Financial Group boosted their price objective on shares of Uber Technologies from $95.00 to $100.00 and gave the stock a “buy” rating in a report on Friday, April 5th. Finally, Barclays boosted their price objective on shares of Uber Technologies from $63.00 to $86.00 and gave the stock an “overweight” rating in a report on Thursday, February 8th. Two research analysts have rated the stock with a hold rating and thirty have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $83.44.

Uber Technologies Price Performance

Shares of NYSE:UBER opened at $67.93 on Wednesday. The company has a 50 day moving average of $74.57 and a 200 day moving average of $65.85. The stock has a market cap of $141.39 billion, a P/E ratio of 78.99, a P/E/G ratio of 1.09 and a beta of 1.39. Uber Technologies has a 12 month low of $37.07 and a 12 month high of $82.14. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.79.

Uber Technologies (NYSE:UBER) last issued its quarterly earnings data on Wednesday, May 8th. The ride-sharing company reported ($0.32) EPS for the quarter, missing the consensus estimate of $0.21 by ($0.53). The firm had revenue of $10.13 billion for the quarter, compared to analysts’ expectations of $10.09 billion. Uber Technologies had a net margin of 5.06% and a return on equity of 18.95%. Uber Technologies’s revenue was up 14.8% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.08) EPS. As a group, sell-side analysts forecast that Uber Technologies will post 1.23 EPS for the current fiscal year.

Insiders Place Their Bets

In other Uber Technologies news, insider Jill Hazelbaker sold 20,000 shares of the 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 sale, the insider now owns 107,290 shares in the company, valued at $8,350,380.70. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, insider Tony West sold 18,750 shares of the firm’s 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 transaction, the insider now owns 185,566 shares in the company, valued at $13,004,465.28. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Jill Hazelbaker sold 20,000 shares of the firm’s stock in a transaction on Wednesday, February 14th. The shares were sold at an average price of $77.83, for a total value of $1,556,600.00. Following 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 3.80% of the company’s stock.

Institutional Investors Weigh In On Uber Technologies

A number of institutional investors have recently added to or reduced their stakes in UBER. Vanguard Group Inc. boosted its position in Uber Technologies by 34.8% during the fourth quarter. Vanguard Group Inc. now owns 167,629,367 shares of the ride-sharing company’s stock valued at $10,320,940,000 after purchasing an additional 43,275,830 shares in the last quarter. Norges Bank acquired a new stake in Uber Technologies in the fourth quarter worth about $1,415,778,000. Edgewood Management LLC acquired a new stake in Uber Technologies in the fourth quarter worth about $783,401,000. Capital Research Global Investors boosted its holdings in Uber Technologies by 28.4% in the fourth quarter. Capital Research Global Investors now owns 36,928,116 shares of the ride-sharing company’s stock worth $2,273,669,000 after acquiring an additional 8,164,816 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA acquired a new stake in Uber Technologies in the third quarter worth about $272,625,000. Institutional investors own 80.24% of the company’s stock.

About Uber Technologies

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.