Uber Technologies (NYSE:UBER) Now Covered by Melius Research

Melius Research started coverage on shares of Uber Technologies (NYSE:UBER) in a research note published on Monday, Marketbeat reports. The brokerage issued a hold rating and a $77.00 price target on the ride-sharing company’s stock.

A number of other research firms have also recently weighed in on UBER. Piper Sandler lifted their price objective on shares of Uber Technologies from $86.00 to $88.00 and gave the company an overweight rating in a report on Tuesday, June 25th. Jefferies Financial Group cut their target price on shares of Uber Technologies from $103.00 to $100.00 and set a buy rating for the company in a research note on Thursday, May 9th. Loop Capital cut their target price on shares of Uber Technologies from $88.00 to $83.00 and set a buy rating for the company in a research note on Thursday, May 16th. TD Cowen cut their target price on shares of Uber Technologies from $90.00 to $88.00 and set a buy rating for the company in a research note on Thursday, May 9th. Finally, Wolfe Research initiated coverage on shares of Uber Technologies in a research note on Tuesday, July 16th. They set an outperform rating and a $90.00 target price for the company. Four analysts have rated the stock with a hold rating and thirty have given a buy rating to the company. Based on data from MarketBeat.com, Uber Technologies currently has a consensus rating of Moderate Buy and an average price target of $85.97.

Uber Technologies Stock Down 0.6 %

UBER opened at $65.74 on Monday. Uber Technologies has a fifty-two week low of $40.09 and a fifty-two week high of $82.14. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.21 and a current ratio of 1.21. The company has a fifty day moving average of $68.60 and a two-hundred day moving average of $70.89. The stock has a market capitalization of $137.37 billion, a price-to-earnings ratio of 106.03, a PEG ratio of 1.44 and a beta of 1.36.

Uber Technologies (NYSE:UBER) last released its quarterly earnings data on Wednesday, May 8th. The ride-sharing company reported ($0.32) earnings per share for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.53). Uber Technologies had a net margin of 3.60% and a return on equity of 12.81%. The firm had revenue of $10.13 billion during the quarter, compared to analysts’ expectations of $10.09 billion. During the same period in the previous year, the firm posted ($0.08) EPS. The firm’s quarterly revenue was up 14.8% on a year-over-year basis. On average, research analysts expect that Uber Technologies will post 0.85 earnings per share for the current year.

Insiders Place Their Bets

In other Uber Technologies news, 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 in the company, valued at approximately $91,046,257.74. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other Uber Technologies news, 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 in the company, valued at approximately $91,046,257.74. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider Tony West sold 28,000 shares of the firm’s stock in a transaction on Thursday, June 13th. The shares were sold at an average price of $70.67, for a total transaction of $1,978,760.00. Following the completion of the sale, the insider now owns 96,945 shares in the company, valued at $6,851,103.15. The disclosure for this sale can be found here. Insiders have sold a total of 1,135,984 shares of company stock worth $78,213,297 in the last ninety days. 3.84% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Uber Technologies

Hedge funds and other institutional investors have recently modified their holdings of the company. Financial Management Professionals Inc. raised its holdings in shares of Uber Technologies by 111.6% in the 1st quarter. Financial Management Professionals Inc. now owns 383 shares of the ride-sharing company’s stock valued at $29,000 after purchasing an additional 202 shares in the last quarter. J.Safra Asset Management Corp acquired a new stake in shares of Uber Technologies in the 1st quarter valued at $32,000. Founders Capital Management acquired a new stake in Uber Technologies during the 2nd quarter worth $33,000. YHB Investment Advisors Inc. acquired a new stake in Uber Technologies during the 1st quarter worth $37,000. Finally, CVA Family Office LLC acquired a new stake in Uber Technologies during the 4th quarter worth $30,000. 80.24% of the stock is currently owned by institutional investors and hedge funds.

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.