Uber Technologies (NYSE:UBER) Upgraded at Mizuho

Mizuho upgraded shares of Uber Technologies (NYSE:UBER) to a strong-buy rating in a research note published on Monday morning,Zacks.com reports.

A number of other equities analysts have also recently issued reports on UBER. Cantor Fitzgerald restated an “overweight” rating and set a $106.00 target price (up previously from $96.00) on shares of Uber Technologies in a report on Wednesday, June 25th. Wells Fargo & Company raised their target price on Uber Technologies from $119.00 to $127.00 and gave the stock an “overweight” rating in a report on Friday, September 5th. Needham & Company LLC raised their target price on Uber Technologies from $100.00 to $109.00 and gave the stock a “buy” rating in a report on Monday, July 14th. Roth Capital raised their target price on Uber Technologies from $93.00 to $110.00 and gave the stock a “buy” rating in a report on Monday, July 14th. Finally, Morgan Stanley reiterated an “overweight” rating and set a $115.00 price objective (up previously from $95.00) on shares of Uber Technologies in a report on Monday, July 21st. Two analysts have rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating and ten have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $104.09.

Uber Technologies Price Performance

Shares of UBER opened at $96.75 on Monday. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.41. Uber Technologies has a 1 year low of $59.33 and a 1 year high of $101.99. The stock has a market cap of $201.76 billion, a P/E ratio of 16.48 and a beta of 1.48. The stock’s 50-day moving average price is $93.72 and its two-hundred day moving average price is $86.71.

Uber Technologies (NYSE:UBER) last issued its earnings results on Wednesday, August 6th. The ride-sharing company reported $0.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.61 by $0.02. Uber Technologies had a return on equity of 59.96% and a net margin of 26.68%.The firm had revenue of $12.65 billion for the quarter, compared to analysts’ expectations of $12.45 billion. During the same quarter last year, the business earned $0.47 earnings per share. The company’s revenue was up 18.2% compared to the same quarter last year. On average, equities analysts predict that Uber Technologies will post 2.54 earnings per share for the current year.

Insider Buying and Selling at Uber Technologies

In other Uber Technologies news, insider Tony West sold 100,000 shares of the company’s stock in a transaction on Monday, September 22nd. The stock was sold at an average price of $100.38, for a total value of $10,038,000.00. Following the transaction, the insider directly owned 171,558 shares of the company’s stock, valued at $17,220,992.04. This represents a 36.82% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, SVP Nikki Krishnamurthy sold 11,571 shares of the company’s stock in a transaction on Friday, August 15th. The shares were sold at an average price of $91.74, for a total value of $1,061,523.54. Following the completion of the transaction, the senior vice president directly owned 416,222 shares in the company, valued at approximately $38,184,206.28. This represents a 2.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 604,571 shares of company stock worth $58,920,741 in the last three months. 3.84% of the stock is owned by insiders.

Institutional Trading of Uber Technologies

Large investors have recently modified their holdings of the stock. Kilter Group LLC acquired a new stake in shares of Uber Technologies during the 2nd quarter worth $26,000. West Oak Capital LLC acquired a new stake in shares of Uber Technologies during the 2nd quarter worth $28,000. Trust Co. of Toledo NA OH acquired a new stake in shares of Uber Technologies during the 2nd quarter worth $30,000. Total Investment Management Inc. bought a new stake in shares of Uber Technologies during the 2nd quarter worth $32,000. Finally, Noble Wealth Management PBC bought a new stake in shares of Uber Technologies during the 1st quarter worth $27,000. 80.24% of the stock is owned by institutional investors and hedge funds.

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.