Benchmark Reiterates “Hold” Rating for Uber Technologies (NYSE:UBER)

Benchmark restated their hold rating on shares of Uber Technologies (NYSE:UBER) in a research report sent to investors on Friday,Benzinga reports.

UBER has been the subject of several other research reports. Truist Financial lowered their price objective on Uber Technologies from $99.00 to $95.00 and set a “buy” rating for the company in a research note on Friday, November 1st. Jefferies Financial Group upped their target price on Uber Technologies from $100.00 to $105.00 and gave the company a “buy” rating in a research report on Tuesday, October 22nd. Wells Fargo & Company reduced their price target on shares of Uber Technologies from $97.00 to $90.00 and set an “overweight” rating for the company in a report on Friday, November 1st. JMP Securities downgraded Uber Technologies from an “outperform” rating to a “market perform” rating and set a $95.00 price target on the stock. in a research note on Thursday, January 2nd. Finally, Wolfe Research raised their price objective on shares of Uber Technologies from $90.00 to $92.00 and gave the company an “outperform” rating in a research note on Friday, January 3rd. Seven equities research analysts have rated the stock with a hold rating, thirty-one have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Uber Technologies presently has a consensus rating of “Moderate Buy” and a consensus price target of $91.08.

Uber Technologies Trading Up 0.4 %

UBER stock opened at $66.86 on Friday. Uber Technologies has a 52 week low of $54.84 and a 52 week high of $87.00. The company’s 50-day simple moving average is $65.71 and its 200 day simple moving average is $70.14. The company has a market capitalization of $140.79 billion, a PE ratio of 33.26, a price-to-earnings-growth ratio of 0.77 and a beta of 1.36. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.41 and a current ratio of 1.41.

Uber Technologies (NYSE:UBER) last issued its earnings results on Thursday, October 31st. The ride-sharing company reported $1.20 earnings per share for the quarter, beating analysts’ consensus estimates of $0.41 by $0.79. The firm had revenue of $11.19 billion for the quarter, compared to the consensus estimate of $10.99 billion. Uber Technologies had a return on equity of 33.46% and a net margin of 10.49%. The company’s revenue was up 20.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.10 EPS. As a group, sell-side analysts anticipate that Uber Technologies will post 1.85 earnings per share for the current year.

Insider Activity at Uber Technologies

In other news, insider Jill Hazelbaker sold 27,780 shares of the company’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $72.90, for a total transaction of $2,025,162.00. Following the completion of the transaction, the insider now directly owns 107,289 shares of the company’s stock, valued at $7,821,368.10. This represents a 20.57 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. 3.84% of the stock is owned by insiders.

Institutional Trading of Uber Technologies

Several large investors have recently made changes to their positions in the company. Avion Wealth grew its stake in shares of Uber Technologies by 96.0% in the 4th quarter. Avion Wealth now owns 445 shares of the ride-sharing company’s stock valued at $26,000 after buying an additional 218 shares during the period. GHP Investment Advisors Inc. grew its stake in shares of Uber Technologies by 85.1% in the fourth quarter. GHP Investment Advisors Inc. now owns 485 shares of the ride-sharing company’s stock valued at $29,000 after buying an additional 223 shares in the last quarter. Kieckhefer Group LLC purchased a new stake in Uber Technologies during the fourth quarter worth about $33,000. Retirement Wealth Solutions LLC purchased a new stake in Uber Technologies during the 4th quarter worth approximately $35,000. Finally, Financial Management Professionals Inc. raised its stake in shares of Uber Technologies by 104.1% in the third quarter. Financial Management Professionals Inc. now owns 494 shares of the ride-sharing company’s stock valued at $37,000 after acquiring an additional 252 shares in the last quarter. 80.24% of the stock is currently owned by hedge funds and other institutional investors.

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.