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

Shares of Uber Technologies, Inc. (NYSE:UBER) have earned an average rating of “Moderate Buy” from the thirty-six analysts that are presently covering the company, MarketBeat.com reports. Ten investment analysts have rated the stock with a hold recommendation, twenty-five have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $89.81.

UBER has been the subject of several research reports. Royal Bank of Canada restated an “outperform” rating and set a $82.00 price objective on shares of Uber Technologies in a research report on Thursday, February 6th. JPMorgan Chase & Co. dropped their price target on Uber Technologies from $90.00 to $80.00 and set an “overweight” rating on the stock in a report on Tuesday, April 8th. Citizens Jmp cut Uber Technologies from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 2nd. Needham & Company LLC reaffirmed a “buy” rating and set a $90.00 target price on shares of Uber Technologies in a report on Wednesday, April 9th. Finally, Citigroup dropped their price target on Uber Technologies from $98.00 to $92.00 and set a “buy” rating on the stock in a research note on Thursday, February 6th.

Uber Technologies Stock Performance

Shares of NYSE UBER opened at $75.28 on Friday. Uber Technologies has a 1 year low of $54.84 and a 1 year high of $87.00. The firm has a market cap of $157.47 billion, a P/E ratio of 16.51, a PEG ratio of 0.89 and a beta of 1.37. The stock has a fifty day moving average price of $74.09 and a two-hundred day moving average price of $71.45. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.41 and a current ratio of 1.07.

Uber Technologies (NYSE:UBER) last announced its earnings results on Wednesday, February 5th. The ride-sharing company reported $3.21 earnings per share for the quarter, beating 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 forecast that Uber Technologies will post 2.54 EPS for the current fiscal year.

Insider Buying and Selling at Uber Technologies

In related news, insider Jill Hazelbaker sold 31,000 shares of the company’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $81.02, for a total transaction of $2,511,620.00. Following the completion of the sale, the insider now directly owns 86,973 shares of the company’s stock, valued at approximately $7,046,552.46. This represents a 26.28 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Tony West sold 23,404 shares of Uber Technologies stock in a transaction on Thursday, March 13th. The stock was sold at an average price of $70.27, for a total transaction of $1,644,599.08. Following the completion of the transaction, the insider now owns 114,241 shares in the company, valued at $8,027,715.07. This trade represents a 17.00 % 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 worth $5,793,869 over the last 90 days. Insiders own 3.84% of the company’s stock.

Hedge Funds Weigh In On Uber Technologies

Large investors have recently made changes to their positions in the business. Coldstream Capital Management Inc. boosted its holdings in Uber Technologies by 50.3% in the 3rd quarter. Coldstream Capital Management Inc. now owns 24,397 shares of the ride-sharing company’s stock valued at $1,805,000 after purchasing an additional 8,168 shares during the period. TD Private Client Wealth LLC raised its holdings in Uber Technologies by 5.9% in the 3rd quarter. TD Private Client Wealth LLC now owns 64,960 shares of the ride-sharing company’s stock valued at $4,882,000 after acquiring an additional 3,615 shares in the last quarter. Rehmann Capital Advisory Group lifted its position in shares of Uber Technologies by 117.4% in the 3rd quarter. Rehmann Capital Advisory Group now owns 9,893 shares of the ride-sharing company’s stock worth $746,000 after acquiring an additional 5,342 shares during the period. Soltis Investment Advisors LLC grew its holdings in shares of Uber Technologies by 11.7% during the 3rd quarter. Soltis Investment Advisors LLC now owns 3,912 shares of the ride-sharing company’s stock worth $294,000 after purchasing an additional 410 shares in the last quarter. Finally, M&T Bank Corp increased its position in shares of Uber Technologies by 4.8% during the third quarter. M&T Bank Corp now owns 175,104 shares of the ride-sharing company’s stock valued at $13,161,000 after purchasing an additional 7,968 shares during the period. 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.