Uber Technologies’ (UBER) Outperform Rating Reaffirmed at Wedbush

Uber Technologies (NYSE:UBER)‘s stock had its “outperform” rating reiterated by investment analysts at Wedbush in a research note issued on Wednesday, MarketBeat reports. They presently have a $85.00 price objective on the ride-sharing company’s stock. Wedbush’s target price indicates a potential upside of 25.13% from the stock’s current price.

Other equities analysts have also issued research reports about the company. Jefferies Financial Group lifted their price target on Uber Technologies from $95.00 to $100.00 and gave the company a “buy” rating in a research note on Friday, April 5th. Argus upped their target price on Uber Technologies from $69.00 to $95.00 and gave the stock a “buy” rating in a research note on Monday, March 4th. Tigress Financial lifted their price target on shares of Uber Technologies from $72.00 to $96.00 and gave the company a “buy” rating in a research note on Friday, April 19th. KeyCorp upped their price objective on shares of Uber Technologies from $79.00 to $90.00 and gave the stock an “overweight” rating in a research report on Thursday, February 15th. Finally, Citigroup lifted their target price on shares of Uber Technologies from $83.00 to $91.00 and gave the company a “buy” rating in a research report on Friday, February 16th. Two equities research analysts have rated the stock with a hold rating and thirty have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $83.44.

Uber Technologies Trading Up 2.3 %

Uber Technologies stock opened at $67.93 on Wednesday. The firm has a market cap of $141.39 billion, a PE 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 stock’s 50 day simple moving average is $74.57 and its two-hundred day simple moving average is $65.85. 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 announced its quarterly earnings results on Wednesday, May 8th. The ride-sharing company reported ($0.32) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.53). Uber Technologies had a return on equity of 18.95% and a net margin of 5.06%. The firm had revenue of $10.13 billion for the quarter, compared to analysts’ expectations of $10.09 billion. During the same period last year, the company posted ($0.08) earnings per share. The business’s quarterly revenue was up 14.8% on a year-over-year basis. Analysts anticipate that Uber Technologies will post 1.23 earnings per share for the current year.

Insider Transactions at Uber Technologies

In related news, insider Tony West sold 18,750 shares of Uber Technologies stock in a transaction on Monday, February 12th. The shares were sold at an average price of $70.08, for a total value of $1,314,000.00. Following the transaction, the insider now directly owns 185,566 shares in the company, valued at approximately $13,004,465.28. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, insider Jill Hazelbaker sold 20,000 shares of Uber Technologies 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 directly owns 107,290 shares in the company, valued at approximately $8,350,380.70. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Tony West sold 18,750 shares of Uber Technologies stock in a transaction on Monday, February 12th. The shares were sold at an average price of $70.08, for a total transaction of $1,314,000.00. Following the completion of the transaction, the insider now owns 185,566 shares in the company, valued at $13,004,465.28. The disclosure for this sale can be found here. Company insiders own 3.80% of the company’s stock.

Institutional Investors Weigh In On Uber Technologies

Several institutional investors have recently made changes to their positions in UBER. Vanguard Group Inc. boosted its position in shares of Uber Technologies by 34.8% during the 4th 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 in the last quarter. Norges Bank purchased a new stake in shares of Uber Technologies during the 4th quarter worth $1,415,778,000. Edgewood Management LLC purchased a new stake in shares of Uber Technologies in the 4th quarter worth about $783,401,000. Capital Research Global Investors boosted its position in shares of Uber Technologies by 28.4% in the 4th quarter. Capital Research Global Investors now owns 36,928,116 shares of the ride-sharing company’s stock worth $2,273,669,000 after buying an additional 8,164,816 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA purchased a new stake in shares of Uber Technologies in the 3rd quarter worth about $272,625,000. 80.24% of the stock is currently owned by hedge funds and other institutional investors.

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.