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

Shares of Uber Technologies, Inc. (NYSE:UBER) have earned an average recommendation of “Moderate Buy” from the thirty-nine ratings firms that are currently covering the firm, MarketBeat reports. Seven investment analysts have rated the stock with a hold recommendation, thirty-one have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $91.53.

A number of equities analysts recently issued reports on UBER shares. The Goldman Sachs Group restated a “buy” rating and set a $96.00 price objective on shares of Uber Technologies in a report on Thursday, January 2nd. Evercore ISI increased their price objective on shares of Uber Technologies from $90.00 to $120.00 and gave the company an “outperform” rating in a research note on Thursday, October 31st. UBS Group increased their target price on Uber Technologies from $102.00 to $114.00 and gave the company a “buy” rating in a research report on Friday, October 18th. Cantor Fitzgerald reissued an “overweight” rating and issued a $90.00 price target on shares of Uber Technologies in a research report on Wednesday, December 18th. Finally, KeyCorp dropped their price objective on Uber Technologies from $90.00 to $85.00 and set an “overweight” rating on the stock in a research report on Friday, November 1st.

Uber Technologies Price Performance

Shares of Uber Technologies stock opened at $66.17 on Wednesday. The stock has a market cap of $139.33 billion, a price-to-earnings ratio of 32.92, a price-to-earnings-growth ratio of 0.75 and a beta of 1.36. 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 stock has a 50 day moving average price of $67.49 and a 200-day moving average price of $70.63. Uber Technologies has a one year low of $54.84 and a one year high of $87.00.

Uber Technologies (NYSE:UBER) last posted its quarterly earnings data on Thursday, October 31st. The ride-sharing company reported $1.20 earnings per share for the quarter, beating analysts’ consensus estimates of $0.41 by $0.79. The business had revenue of $11.19 billion for 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 business’s revenue was up 20.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.10 earnings per share. Equities analysts expect that Uber Technologies will post 1.89 EPS for the current year.

Insider Buying and Selling at Uber Technologies

In other Uber Technologies news, insider Jill Hazelbaker sold 27,780 shares of the firm’s stock in a transaction that occurred 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 of the company’s stock, valued at approximately $7,821,368.10. This trade represents a 20.57 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 3.84% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Uber Technologies

Institutional investors have recently added to or reduced their stakes in the stock. Diversified Trust Co lifted its holdings in Uber Technologies by 3.7% during the fourth quarter. Diversified Trust Co now owns 15,667 shares of the ride-sharing company’s stock valued at $945,000 after purchasing an additional 557 shares in the last quarter. Bangor Savings Bank acquired a new stake in Uber Technologies in the 4th quarter worth about $572,000. APEIRON CAPITAL Ltd purchased a new stake in Uber Technologies during the 4th quarter worth approximately $6,714,000. Fortem Financial Group LLC raised its holdings in shares of Uber Technologies by 21.3% during the fourth quarter. Fortem Financial Group LLC now owns 6,105 shares of the ride-sharing company’s stock valued at $368,000 after acquiring an additional 1,071 shares during the last quarter. Finally, Doliver Advisors LP lifted its position in shares of Uber Technologies by 2.1% in the fourth quarter. Doliver Advisors LP now owns 12,029 shares of the ride-sharing company’s stock valued at $726,000 after acquiring an additional 250 shares in the last quarter. Institutional investors and hedge funds own 80.24% of the company’s stock.

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.