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

Shares of Uber Technologies, Inc. (NYSE:UBER) have earned an average rating of “Moderate Buy” from the forty ratings firms that are presently covering the firm, Marketbeat.com reports. Eight research analysts have rated the stock with a hold recommendation, thirty have issued a buy recommendation and two have given a strong buy recommendation to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $108.2647.

A number of equities research analysts have recently commented on UBER shares. Guggenheim lowered their price target on shares of Uber Technologies from $140.00 to $135.00 and set a “buy” rating for the company in a report on Wednesday, November 5th. Royal Bank Of Canada set a $110.00 price target on Uber Technologies in a report on Wednesday, November 5th. BTIG Research restated a “buy” rating and set a $100.00 price objective on shares of Uber Technologies in a report on Tuesday, November 4th. BMO Capital Markets lowered their price objective on Uber Technologies from $113.00 to $106.00 and set an “outperform” rating for the company in a research report on Wednesday, November 5th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $108.00 target price on shares of Uber Technologies in a research report on Wednesday, October 29th.

Insider Transactions at Uber Technologies

In other Uber Technologies news, insider Tony West sold 100,000 shares of the stock in a transaction that occurred on Monday, September 22nd. The shares were sold at an average price of $100.38, for a total transaction of $10,038,000.00. Following the transaction, the insider owned 171,558 shares of the company’s stock, valued at $17,220,992.04. This trade represents a 36.82% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Dara Khosrowshahi sold 300,000 shares of Uber Technologies stock in a transaction on Friday, September 12th. The shares were sold at an average price of $95.37, for a total transaction of $28,611,000.00. Following the completion of the transaction, the chief executive officer owned 1,132,544 shares in the company, valued at approximately $108,010,721.28. This trade represents a 20.94% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 570,750 shares of company stock worth $55,682,535 in the last three months. Company insiders own 3.84% of the company’s stock.

Institutional Investors Weigh In On Uber Technologies

Several institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. boosted its position in Uber Technologies by 0.7% during the 3rd quarter. Vanguard Group Inc. now owns 190,828,841 shares of the ride-sharing company’s stock worth $18,695,502,000 after purchasing an additional 1,277,322 shares during the period. Geode Capital Management LLC lifted its stake in shares of Uber Technologies by 2.6% during the second quarter. Geode Capital Management LLC now owns 45,859,136 shares of the ride-sharing company’s stock worth $4,258,756,000 after purchasing an additional 1,168,288 shares in the last quarter. Pershing Square Capital Management L.P. acquired a new position in shares of Uber Technologies during the first quarter worth about $2,207,743,000. Norges Bank purchased a new stake in shares of Uber Technologies in the second quarter worth about $2,348,319,000. Finally, Kingstone Capital Partners Texas LLC grew its stake in shares of Uber Technologies by 334,075.7% in the second quarter. Kingstone Capital Partners Texas LLC now owns 19,973,682 shares of the ride-sharing company’s stock valued at $1,863,545,000 after buying an additional 19,967,705 shares in the last quarter. 80.24% of the stock is currently owned by hedge funds and other institutional investors.

Uber Technologies Stock Performance

NYSE UBER opened at $83.81 on Friday. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.37. Uber Technologies has a fifty-two week low of $59.33 and a fifty-two week high of $101.99. The business has a fifty day moving average of $94.81 and a 200-day moving average of $91.85. The stock has a market cap of $174.14 billion, a price-to-earnings ratio of 10.77 and a beta of 1.46.

Uber Technologies (NYSE:UBER) last posted its quarterly earnings data on Tuesday, November 4th. The ride-sharing company reported $3.11 EPS for the quarter, topping analysts’ consensus estimates of $0.67 by $2.44. Uber Technologies had a return on equity of 68.17% and a net margin of 33.54%.The firm had revenue of $13.47 billion during the quarter, compared to analysts’ expectations of $13.25 billion. During the same quarter last year, the business posted $1.20 EPS. The firm’s quarterly revenue was up 20.4% compared to the same quarter last year. As a group, analysts predict that Uber Technologies will post 2.54 earnings per share for the current fiscal year.

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.