Cantor Fitzgerald Reaffirms Overweight Rating for Uber Technologies (NYSE:UBER)

Cantor Fitzgerald reaffirmed their overweight rating on shares of Uber Technologies (NYSE:UBER) in a research report sent to investors on Monday morning, Benzinga reports. The brokerage currently has a $90.00 target price on the ride-sharing company’s stock.

Other equities analysts also recently issued reports about the company. Truist Financial restated a buy rating and set a $88.00 price target on shares of Uber Technologies in a report on Friday, September 6th. Melius Research started coverage on shares of Uber Technologies in a report on Monday, July 22nd. They issued a hold rating and a $77.00 target price for the company. BMO Capital Markets reiterated an outperform rating and set a $92.00 price target on shares of Uber Technologies in a report on Tuesday, July 30th. Royal Bank of Canada reaffirmed an outperform rating and issued a $80.00 price objective on shares of Uber Technologies in a research report on Wednesday, August 7th. Finally, Oppenheimer reaffirmed an outperform rating and set a $90.00 price target on shares of Uber Technologies in a report on Wednesday, June 5th. Four analysts have rated the stock with a hold rating, thirty-one have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of Moderate Buy and a consensus target price of $87.67.

Uber Technologies Trading Down 0.6 %

Shares of NYSE UBER opened at $76.69 on Monday. Uber Technologies has a 1 year low of $40.09 and a 1 year high of $82.14. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.21 and a quick ratio of 1.21. The firm has a 50-day moving average of $69.88 and a 200 day moving average of $70.66. The stock has a market cap of $161.11 billion, a P/E ratio of 123.69, a price-to-earnings-growth ratio of 1.38 and a beta of 1.33.

Uber Technologies (NYSE:UBER) last issued its quarterly earnings results on Tuesday, August 6th. The ride-sharing company reported $0.47 EPS for the quarter, topping analysts’ consensus estimates of $0.31 by $0.16. Uber Technologies had a return on equity of 17.06% and a net margin of 5.02%. The firm had revenue of $10.70 billion for the quarter, compared to analysts’ expectations of $10.57 billion. During the same period in the previous year, the firm posted $0.18 EPS. The business’s revenue for the quarter was up 15.9% compared to the same quarter last year. As a group, sell-side analysts expect that Uber Technologies will post 1.06 EPS for the current fiscal year.

Insider Activity at Uber Technologies

In other Uber Technologies news, CEO Dara Khosrowshahi sold 500,000 shares of the company’s stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $71.91, for a total value of $35,955,000.00. Following the completion of the transaction, the chief executive officer now directly owns 1,266,114 shares in the company, valued at approximately $91,046,257.74. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Uber Technologies news, CEO Dara Khosrowshahi sold 500,000 shares of the stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $71.91, for a total transaction of $35,955,000.00. Following the completion of the transaction, the chief executive officer now owns 1,266,114 shares of the company’s stock, valued at approximately $91,046,257.74. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jill Hazelbaker sold 40,000 shares of the firm’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $72.00, for a total value of $2,880,000.00. Following the transaction, the insider now owns 127,352 shares of the company’s stock, valued at approximately $9,169,344. The disclosure for this sale can be found here. 3.84% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of UBER. Vanguard Group Inc. lifted its position in Uber Technologies by 34.8% during the fourth quarter. Vanguard Group Inc. now owns 167,629,367 shares of the ride-sharing company’s stock valued at $10,320,940,000 after purchasing an additional 43,275,830 shares during the last quarter. Edgewood Management LLC purchased a new stake in shares of Uber Technologies during the 4th quarter valued at about $783,401,000. Price T Rowe Associates Inc. MD lifted its holdings in shares of Uber Technologies by 37.8% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 36,425,981 shares of the ride-sharing company’s stock valued at $2,804,437,000 after acquiring an additional 9,996,508 shares during the last quarter. GQG Partners LLC grew its position in Uber Technologies by 74.1% in the first quarter. GQG Partners LLC now owns 22,423,451 shares of the ride-sharing company’s stock worth $1,726,381,000 after acquiring an additional 9,541,366 shares in the last quarter. Finally, Capital Research Global Investors increased its stake in Uber Technologies by 28.4% during the fourth quarter. Capital Research Global Investors now owns 36,928,116 shares of the ride-sharing company’s stock worth $2,273,669,000 after acquiring an additional 8,164,816 shares during the last quarter. 80.24% of the stock is owned by hedge funds and other institutional investors.

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.