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

Uber Technologies, Inc. (NYSE:UBER) has been assigned an average recommendation of “Moderate Buy” from the thirty-eight analysts that are covering the stock, Marketbeat Ratings reports. Five investment analysts have rated the stock with a hold recommendation, thirty-two have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $91.31.

A number of research analysts have weighed in on UBER shares. UBS Group raised their price objective on Uber Technologies from $102.00 to $114.00 and gave the company a “buy” rating in a report on Friday, October 18th. Daiwa America lowered shares of Uber Technologies from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 17th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $90.00 price objective on shares of Uber Technologies in a report on Wednesday, December 18th. Wells Fargo & Company decreased their target price on shares of Uber Technologies from $97.00 to $90.00 and set an “overweight” rating on the stock in a research note on Friday, November 1st. Finally, BMO Capital Markets restated an “outperform” rating and issued a $92.00 price target on shares of Uber Technologies in a research report on Friday, October 11th.

Uber Technologies Price Performance

Uber Technologies stock opened at $60.32 on Wednesday. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.41 and a current ratio of 1.41. The company’s fifty day moving average price is $68.93 and its 200 day moving average price is $70.85. The stock has a market capitalization of $127.02 billion, a P/E ratio of 30.01, a P/E/G ratio of 0.75 and a beta of 1.33. Uber Technologies has a 1 year low of $54.84 and a 1 year high of $87.00.

Uber Technologies (NYSE:UBER) last released its earnings results on Thursday, October 31st. The ride-sharing company reported $1.20 EPS for the quarter, topping analysts’ consensus estimates of $0.41 by $0.79. The business had revenue of $11.19 billion during the quarter, compared to analysts’ expectations of $10.99 billion. Uber Technologies had a net margin of 10.49% and a return on equity of 33.46%. The company’s quarterly revenue was up 20.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.10 earnings per share. As a group, equities research analysts anticipate that Uber Technologies will post 1.89 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Uber Technologies news, insider Jill Hazelbaker sold 27,780 shares of the firm’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $72.90, for a total value of $2,025,162.00. Following the sale, the insider now directly owns 107,289 shares in the company, 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 filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 3.84% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. CENTRAL TRUST Co lifted its position in Uber Technologies by 12.3% in the third quarter. CENTRAL TRUST Co now owns 1,160 shares of the ride-sharing company’s stock valued at $87,000 after acquiring an additional 127 shares during the last quarter. Procyon Advisors LLC boosted 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 valued at $476,000 after purchasing an additional 131 shares during the period. DT Investment Partners LLC increased its position in Uber Technologies by 21.4% during the third quarter. DT Investment Partners LLC now owns 821 shares of the ride-sharing company’s stock worth $62,000 after buying an additional 145 shares during the period. Jmac Enterprises LLC lifted its stake in Uber Technologies by 2.1% in the third quarter. Jmac Enterprises LLC now owns 7,340 shares of the ride-sharing company’s stock valued at $552,000 after buying an additional 150 shares during the last quarter. Finally, Wealthspire Advisors LLC boosted its holdings in shares of Uber Technologies by 0.6% in the second quarter. Wealthspire Advisors LLC now owns 24,893 shares of the ride-sharing company’s stock valued at $1,809,000 after acquiring an additional 151 shares during the period. Institutional investors and hedge funds 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.