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

Uber Technologies, Inc. (NYSE:UBER) has been assigned an average recommendation of “Moderate Buy” from the thirty-five brokerages that are currently covering the stock, Marketbeat reports. Four research analysts have rated the stock with a hold rating and thirty-one have issued a buy rating on the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $87.60.

A number of brokerages have weighed in on UBER. BMO Capital Markets reissued an “outperform” rating and issued a $92.00 target price on shares of Uber Technologies in a research report on Tuesday, July 30th. Oppenheimer restated an “outperform” rating and set a $90.00 target price on shares of Uber Technologies in a research note on Wednesday, June 5th. Evercore ISI upped their target price on shares of Uber Technologies from $80.00 to $90.00 and gave the company an “outperform” rating in a research note on Wednesday, August 7th. Morgan Stanley upped their target price on shares of Uber Technologies from $90.00 to $95.00 and gave the company an “overweight” rating in a research note on Tuesday, July 23rd. Finally, Melius assumed coverage on shares of Uber Technologies in a research note on Monday, July 22nd. They set a “hold” rating and a $77.00 target price on the stock.

Insiders Place Their Bets

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. Anchor Investment Management LLC grew its holdings in shares of Uber Technologies by 2.5% in the second quarter. Anchor Investment Management LLC now owns 30,963 shares of the ride-sharing company’s stock valued at $2,250,000 after purchasing an additional 748 shares in the last quarter. University of Texas Texas AM Investment Management Co. grew its holdings in shares of Uber Technologies by 31.8% in the second quarter. University of Texas Texas AM Investment Management Co. now owns 30,634 shares of the ride-sharing company’s stock valued at $2,226,000 after purchasing an additional 7,399 shares in the last quarter. Newbridge Financial Services Group Inc. grew its holdings in shares of Uber Technologies by 2.8% in the second quarter. Newbridge Financial Services Group Inc. now owns 21,582 shares of the ride-sharing company’s stock valued at $1,569,000 after purchasing an additional 578 shares in the last quarter. Lazari Capital Management Inc. grew its holdings in shares of Uber Technologies by 0.5% in the second quarter. Lazari Capital Management Inc. now owns 200,515 shares of the ride-sharing company’s stock valued at $14,573,000 after purchasing an additional 915 shares in the last quarter. Finally, Sanctuary Advisors LLC purchased a new position in shares of Uber Technologies in the second quarter valued at $13,836,000. 80.24% of the stock is owned by hedge funds and other institutional investors.

Uber Technologies Price Performance

UBER opened at $73.94 on Monday. The stock has a 50-day moving average price of $69.60 and a 200-day moving average price of $70.66. 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 market cap of $154.50 billion, a PE ratio of 119.26, a P/E/G ratio of 1.27 and a beta of 1.33. Uber Technologies has a 1 year low of $40.09 and a 1 year high of $82.14.

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

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.