Uber Technologies, Inc. (NYSE:UBER) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of Uber Technologies, Inc. (NYSE:UBER) have been assigned a consensus rating of “Moderate Buy” from the thirty-nine brokerages that are presently covering the firm, MarketBeat.com reports. Twelve investment analysts have rated the stock with a hold recommendation and twenty-seven have issued a buy recommendation on the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $97.63.

A number of analysts recently issued reports on the company. Royal Bank Of Canada reissued an “outperform” rating and set a $82.00 price objective on shares of Uber Technologies in a research report on Monday, May 5th. The Goldman Sachs Group raised their price objective on Uber Technologies from $96.00 to $110.00 and gave the stock a “buy” rating in a research report on Thursday, May 8th. TD Cowen dropped their target price on Uber Technologies from $90.00 to $88.00 and set a “buy” rating for the company in a research report on Tuesday, April 8th. Citigroup lifted their target price on Uber Technologies from $92.00 to $102.00 and gave the company a “buy” rating in a research report on Thursday, May 8th. Finally, Needham & Company LLC set a $109.00 price objective on Uber Technologies and gave the stock a “buy” rating in a research report on Monday, July 14th.

Insiders Place Their Bets

In other news, insider Jill Hazelbaker sold 34,884 shares of Uber Technologies stock in a transaction on Monday, May 12th. The stock was sold at an average price of $86.03, for a total transaction of $3,001,070.52. Following the transaction, the insider owned 102,135 shares in the company, valued at approximately $8,786,674.05. The trade was a 25.46% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the company’s stock in a transaction dated Monday, July 7th. The stock was sold at an average price of $95.00, for a total value of $261,250.00. Following the sale, the chief financial officer owned 21,975 shares of the company’s stock, valued at approximately $2,087,625. This trade represents a 11.12% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 40,384 shares of company stock worth $3,496,071 over the last ninety days. 3.84% of the stock is owned by insiders.

Hedge Funds Weigh In On Uber Technologies

Large investors have recently added to or reduced their stakes in the company. Clark Capital Management Group Inc. increased its holdings in Uber Technologies by 11,354.8% during the 4th quarter. Clark Capital Management Group Inc. now owns 402,522 shares of the ride-sharing company’s stock valued at $24,280,000 after purchasing an additional 399,008 shares in the last quarter. UMB Bank n.a. increased its holdings in Uber Technologies by 33.6% during the 1st quarter. UMB Bank n.a. now owns 12,210 shares of the ride-sharing company’s stock valued at $890,000 after purchasing an additional 3,073 shares in the last quarter. Revolve Wealth Partners LLC increased its holdings in Uber Technologies by 65.0% during the 4th quarter. Revolve Wealth Partners LLC now owns 15,563 shares of the ride-sharing company’s stock valued at $939,000 after purchasing an additional 6,129 shares in the last quarter. Mufg Securities Americas Inc. acquired a new stake in Uber Technologies during the 4th quarter valued at $1,875,000. Finally, APG Asset Management N.V. acquired a new stake in Uber Technologies during the 4th quarter valued at $84,687,000. Institutional investors and hedge funds own 80.24% of the company’s stock.

Uber Technologies Stock Performance

Shares of Uber Technologies stock opened at $90.57 on Friday. The firm has a market capitalization of $189.40 billion, a P/E ratio of 15.86, a PEG ratio of 1.15 and a beta of 1.40. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.37. The company has a 50 day moving average price of $89.22 and a 200 day moving average price of $78.71. Uber Technologies has a 52 week low of $54.84 and a 52 week high of $97.72.

Uber Technologies (NYSE:UBER) last announced its earnings results on Wednesday, May 7th. The ride-sharing company reported $0.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.50 by $0.33. The firm had revenue of $11.53 billion for the quarter, compared to analyst estimates of $11.61 billion. Uber Technologies had a return on equity of 66.46% and a net margin of 27.07%. The business’s revenue was up 13.8% on a year-over-year basis. During the same quarter last year, the firm posted ($0.32) EPS. Sell-side analysts expect that Uber Technologies will post 2.54 EPS 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.