Uber Technologies (NYSE:UBER) Given Buy Rating at Needham & Company LLC

Needham & Company LLC reissued their buy rating on shares of Uber Technologies (NYSE:UBER) in a research report report published on Wednesday,Benzinga reports. The firm currently has a $90.00 price target on the ride-sharing company’s stock.

Other research analysts also recently issued reports about the company. TD Cowen cut their price objective on Uber Technologies from $90.00 to $88.00 and set a “buy” rating for the company in a research note on Tuesday. Arete Research raised Uber Technologies to a “hold” rating in a research note on Tuesday, February 18th. DA Davidson dropped their price target on shares of Uber Technologies from $84.00 to $80.00 and set a “buy” rating for the company in a research note on Thursday, February 6th. Evercore ISI reduced their target price on Uber Technologies from $120.00 to $115.00 and set an “outperform” rating on the stock in a research note on Thursday, February 6th. Finally, Cantor Fitzgerald reiterated an “overweight” rating and issued a $80.00 price target on shares of Uber Technologies in a report on Thursday, February 6th. Ten investment analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $90.03.

Uber Technologies Stock Down 3.8 %

Shares of NYSE UBER traded down $2.79 during mid-day trading on Wednesday, hitting $69.90. 11,993,796 shares of the stock traded hands, compared to its average volume of 20,264,544. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.41 and a current ratio of 1.07. The company has a market cap of $146.21 billion, a price-to-earnings ratio of 15.33, a PEG ratio of 0.89 and a beta of 1.37. The stock has a fifty day moving average price of $73.82 and a 200-day moving average price of $71.55. Uber Technologies has a 52 week low of $54.84 and a 52 week high of $87.00.

Uber Technologies (NYSE:UBER) last released its quarterly earnings data on Wednesday, February 5th. The ride-sharing company reported $3.21 EPS for the quarter, topping the consensus estimate of $0.50 by $2.71. Uber Technologies had a return on equity of 62.60% and a net margin of 22.41%. Research analysts anticipate that Uber Technologies will post 2.54 EPS for the current year.

Insider Transactions at Uber Technologies

In related news, insider Jill Hazelbaker sold 31,000 shares of the firm’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $81.02, for a total value of $2,511,620.00. Following the transaction, the insider now directly owns 86,973 shares in the company, valued at approximately $7,046,552.46. This trade represents a 26.28 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the firm’s stock in a transaction that occurred on Thursday, March 20th. The shares were sold at an average price of $75.00, for a total value of $206,250.00. Following the completion of the sale, the chief financial officer now directly owns 22,162 shares in the company, valued at $1,662,150. This trade represents a 11.04 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 77,154 shares of company stock valued at $5,793,869 over the last ninety days. Corporate insiders own 3.84% of the company’s stock.

Hedge Funds Weigh In On Uber Technologies

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Orion Portfolio Solutions LLC increased its holdings in shares of Uber Technologies by 11.2% in the third quarter. Orion Portfolio Solutions LLC now owns 39,635 shares of the ride-sharing company’s stock worth $2,979,000 after acquiring an additional 3,981 shares in the last quarter. M&T Bank Corp grew its holdings in Uber Technologies by 4.8% in the 3rd quarter. M&T Bank Corp now owns 175,104 shares of the ride-sharing company’s stock valued at $13,161,000 after buying an additional 7,968 shares in the last quarter. Coldstream Capital Management Inc. increased its holdings in shares of Uber Technologies by 50.3% during the third quarter. Coldstream Capital Management Inc. now owns 24,397 shares of the ride-sharing company’s stock worth $1,805,000 after purchasing an additional 8,168 shares during the period. Wilson & Boucher Capital Management LLC bought a new stake in Uber Technologies during the third quarter worth about $237,000. Finally, Chiron Investment Management LLC increased its stake in shares of Uber Technologies by 21.4% in the 3rd quarter. Chiron Investment Management LLC now owns 101,420 shares of the ride-sharing company’s stock valued at $7,623,000 after purchasing an additional 17,881 shares during 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.