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

Shares of Uber Technologies, Inc. (NYSE:UBER) have received an average recommendation of “Moderate Buy” from the thirty-six ratings firms that are presently covering the firm, MarketBeat.com reports. Eight investment analysts have rated the stock with a hold rating, twenty-seven have assigned a buy rating and one has issued a strong buy rating on the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $90.94.

UBER has been the topic of several analyst reports. Arete Research raised shares of Uber Technologies to a “hold” rating in a research note on Tuesday, February 18th. Wells Fargo & Company decreased their target price on shares of Uber Technologies from $90.00 to $87.00 and set an “overweight” rating on the stock in a research report on Thursday, February 6th. DA Davidson cut their price target on Uber Technologies from $84.00 to $80.00 and set a “buy” rating for the company in a report on Thursday, February 6th. Citigroup lowered their price objective on Uber Technologies from $98.00 to $92.00 and set a “buy” rating for the company in a research report on Thursday, February 6th. Finally, Benchmark reiterated a “hold” rating on shares of Uber Technologies in a research report on Friday, January 31st.

Insider Activity

In other news, insider Jill Hazelbaker sold 31,000 shares of the stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $81.02, for a total transaction of $2,511,620.00. Following the completion of the transaction, the insider now directly owns 86,973 shares in the company, valued at approximately $7,046,552.46. This represents a 26.28 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 3.80% of the company’s stock.

Institutional Trading of Uber Technologies

Several institutional investors have recently added to or reduced their stakes in UBER. Avion Wealth raised 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 purchasing an additional 218 shares in the last quarter. Transce3nd LLC bought a new stake in Uber Technologies in the fourth quarter valued at about $27,000. Fourth Dimension Wealth LLC acquired a new stake in Uber Technologies during the fourth quarter valued at approximately $27,000. Runnymede Capital Advisors Inc. bought a new position in Uber Technologies during the 4th quarter worth approximately $28,000. Finally, GHP Investment Advisors Inc. grew its position in shares of Uber Technologies by 85.1% in the 4th quarter. GHP Investment Advisors Inc. now owns 485 shares of the ride-sharing company’s stock worth $29,000 after acquiring an additional 223 shares in the last quarter. 80.24% of the stock is owned by institutional investors and hedge funds.

Uber Technologies Price Performance

UBER stock opened at $75.85 on Thursday. The stock’s 50 day moving average price is $68.94 and its 200 day moving average price is $71.47. The firm has a market cap of $158.46 billion, a P/E ratio of 16.63, a PEG ratio of 0.89 and a beta of 1.39. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.41 and a current ratio of 1.07. Uber Technologies has a 1 year low of $54.84 and a 1 year high of $87.00.

Uber Technologies (NYSE:UBER) last issued its quarterly earnings data on Wednesday, February 5th. The ride-sharing company reported $3.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $2.71. Uber Technologies had a return on equity of 62.60% and a net margin of 22.41%. On average, sell-side analysts expect that Uber Technologies will post 2.54 earnings per share for the current fiscal year.

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.