KGI Securities Reiterates Neutral Rating for Uber Technologies (NYSE:UBER)

Uber Technologies (NYSE:UBER)‘s stock had its “neutral” rating reaffirmed by investment analysts at KGI Securities in a research note issued to investors on Tuesday,Benzinga reports. They presently have a $78.00 target price on the ride-sharing company’s stock. KGI Securities’ target price suggests a potential upside of 11.10% from the stock’s previous close.

A number of other equities analysts have also commented on UBER. Needham & Company LLC reissued a “buy” rating and set a $90.00 price target on shares of Uber Technologies in a research note on Wednesday, February 5th. Wolfe Research increased their price objective on shares of Uber Technologies from $90.00 to $92.00 and gave the company an “outperform” rating in a research report on Friday, January 3rd. Fox Advisors downgraded shares of Uber Technologies from an “overweight” rating to an “equal weight” rating in a report on Tuesday. DA Davidson lowered their price target on shares of Uber Technologies from $84.00 to $80.00 and set a “buy” rating for the company in a report on Thursday, February 6th. Finally, The Goldman Sachs Group restated a “buy” rating and set a $96.00 price objective on shares of Uber Technologies in a research report on Thursday, January 2nd. Ten analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $90.31.

Uber Technologies Price Performance

Shares of NYSE UBER traded down $2.85 during midday trading on Tuesday, reaching $70.21. The stock had a trading volume of 13,275,828 shares, compared to its average volume of 19,481,721. 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 has a 12-month low of $54.84 and a 12-month high of $87.00. The stock has a 50-day moving average of $71.16 and a 200-day moving average of $71.61. The company has a market capitalization of $146.66 billion, a price-to-earnings ratio of 15.41, a price-to-earnings-growth ratio of 0.89 and a beta of 1.39.

Uber Technologies (NYSE:UBER) last released its earnings results on Wednesday, February 5th. The ride-sharing company reported $3.21 earnings per share (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%. As a group, research analysts anticipate that Uber Technologies will post 2.54 EPS for the current fiscal year.

Insider Activity

In other Uber Technologies news, insider Jill Hazelbaker sold 31,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $81.02, for a total value of $2,511,620.00. Following the sale, the insider now owns 86,973 shares in the company, valued at approximately $7,046,552.46. This represents a 26.28 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 3.84% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in UBER. CWA Asset Management Group LLC purchased a new stake in shares of Uber Technologies in the third quarter valued at approximately $586,000. Axxcess Wealth Management LLC increased its stake in shares of Uber Technologies by 10.8% during the third quarter. Axxcess Wealth Management LLC now owns 20,441 shares of the ride-sharing company’s stock worth $1,536,000 after purchasing an additional 1,992 shares in the last quarter. Ashton Thomas Securities LLC acquired a new stake in Uber Technologies in the 3rd quarter worth about $127,000. Venturi Wealth Management LLC raised its holdings in shares of Uber Technologies by 40.3% during the third quarter. Venturi Wealth Management LLC now owns 2,035 shares of the ride-sharing company’s stock valued at $153,000 after acquiring an additional 585 shares during the last quarter. Finally, Versor Investments LP purchased a new position in shares of Uber Technologies in the third quarter valued at approximately $676,000. Hedge funds and other institutional investors own 80.24% of the company’s stock.

Uber Technologies Company Profile

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.