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

Uber Technologies, Inc. (NYSE:UBER) has earned a consensus rating of “Moderate Buy” from the thirty-nine analysts that are currently covering the firm, Marketbeat reports. Seven investment 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. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $91.08.

A number of analysts have commented on the stock. Truist Financial decreased their price target on shares of Uber Technologies from $99.00 to $95.00 and set a “buy” rating for the company in a research note on Friday, November 1st. UBS Group raised their target price on Uber Technologies from $102.00 to $114.00 and gave the company a “buy” rating in a report on Friday, October 18th. JMP Securities cut Uber Technologies from an “outperform” rating to a “market perform” rating and set a $95.00 price objective on the stock. in a research note on Thursday, January 2nd. Piper Sandler lowered their target price on shares of Uber Technologies from $98.00 to $82.00 and set an “overweight” rating for the company in a report on Tuesday. Finally, Needham & Company LLC restated a “buy” rating and issued a $90.00 target price on shares of Uber Technologies in a research note on Monday.

Uber Technologies Stock Performance

Shares of Uber Technologies stock opened at $66.59 on Friday. The business has a 50-day simple moving average of $65.77 and a 200 day simple moving average of $70.17. Uber Technologies has a one year low of $54.84 and a one year high of $87.00. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.41 and a quick ratio of 1.41. The firm has a market capitalization of $140.21 billion, a price-to-earnings ratio of 33.13, a PEG ratio of 0.77 and a beta of 1.36.

Uber Technologies (NYSE:UBER) last released its quarterly earnings data on Thursday, October 31st. The ride-sharing company reported $1.20 EPS for the quarter, beating the consensus estimate of $0.41 by $0.79. Uber Technologies had a return on equity of 33.46% and a net margin of 10.49%. The firm had revenue of $11.19 billion during the quarter, compared to the consensus estimate of $10.99 billion. During the same quarter in the previous year, the company posted $0.10 earnings per share. The company’s quarterly revenue was up 20.4% on a year-over-year basis. On average, research analysts anticipate that Uber Technologies will post 1.86 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider Jill Hazelbaker sold 27,780 shares of the firm’s stock in a transaction that occurred on Monday, November 25th. The shares were 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 $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 SEC, which is available through the SEC website. 3.84% of the stock is currently owned by company insiders.

Institutional Trading of Uber Technologies

Institutional investors and hedge funds have recently made changes to their positions in the stock. Jennison Associates LLC increased its stake in Uber Technologies by 36.9% in the fourth quarter. Jennison Associates LLC now owns 26,460,312 shares of the ride-sharing company’s stock valued at $1,596,086,000 after acquiring an additional 7,137,512 shares during the last quarter. Assenagon Asset Management S.A. increased its position in shares of Uber Technologies by 670.6% during the 4th quarter. Assenagon Asset Management S.A. now owns 6,611,557 shares of the ride-sharing company’s stock valued at $398,809,000 after purchasing an additional 5,753,637 shares during the last quarter. Montrusco Bolton Investments Inc. purchased a new position in shares of Uber Technologies during the 4th quarter valued at about $166,072,000. Edgewood Management LLC lifted its position in Uber Technologies by 10.5% in the 3rd quarter. Edgewood Management LLC now owns 27,552,060 shares of the ride-sharing company’s stock worth $2,070,813,000 after buying an additional 2,627,768 shares during the last quarter. Finally, AMF Tjanstepension AB purchased a new stake in Uber Technologies in the third quarter worth approximately $163,468,000. 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.