Uber Technologies (NYSE:UBER) Given "Hold" Rating at Canaccord Genuity Group

Uber Technologies (NYSE:UBER - Get Free Report)'s stock had its "hold" rating reiterated by analysts at Canaccord Genuity Group in a report released on Friday, Marketbeat reports. They currently have a $84.00 price target on the ride-sharing company's stock, down from their prior price target of $90.00. Canaccord Genuity Group's price target would suggest a potential downside of 9.77% from the stock's current price.

Several other brokerages also recently issued reports on UBER. Tigress Financial set a $110.00 price objective on shares of Uber Technologies and gave the company a "buy" rating in a research report on Friday, May 23rd. Citigroup raised their price target on shares of Uber Technologies from $92.00 to $102.00 and gave the company a "buy" rating in a report on Thursday, May 8th. Barclays lifted their price target on shares of Uber Technologies from $86.00 to $97.00 and gave the stock an "overweight" rating in a research note on Thursday, May 8th. DA Davidson upped their price objective on shares of Uber Technologies from $80.00 to $98.00 and gave the company a "buy" rating in a research report on Thursday, May 8th. Finally, Bank of America lifted their target price on Uber Technologies from $96.00 to $97.00 and gave the stock a "buy" rating in a research report on Thursday, May 8th. Twelve equities research analysts have rated the stock with a hold rating and twenty-seven have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $94.85.

Uber Technologies Stock Up 2.4%

Shares of NYSE UBER opened at $93.09 on Friday. The stock has a fifty day moving average price of $84.83 and a 200 day moving average price of $75.02. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.37. Uber Technologies has a 12-month low of $54.84 and a 12-month high of $94.38. The company has a market cap of $194.67 billion, a P/E ratio of 16.30, a P/E/G ratio of 1.15 and a beta of 1.38.

Uber Technologies (NYSE:UBER - Get Free Report) last issued its earnings results on Wednesday, May 7th. The ride-sharing company reported $0.83 earnings per share for the quarter, topping the consensus estimate of $0.50 by $0.33. Uber Technologies had a return on equity of 66.46% and a net margin of 27.07%. The company had revenue of $11.53 billion during the quarter, compared to the consensus estimate of $11.61 billion. During the same quarter in the prior year, the business earned ($0.32) earnings per share. The company's revenue was up 13.8% compared to the same quarter last year. Research analysts anticipate that Uber Technologies will post 2.54 EPS for the current fiscal year.

Insider Buying and Selling

In other Uber Technologies news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the firm's stock in a transaction on Monday, May 5th. The stock was sold at an average price of $85.00, for a total value of $233,750.00. Following the sale, the chief financial officer now directly owns 21,063 shares in the company, valued at approximately $1,790,355. This trade represents a 11.55% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Jill Hazelbaker sold 34,884 shares of the business's stock in a transaction on Monday, May 12th. The shares were sold at an average price of $86.03, for a total transaction of $3,001,070.52. Following the transaction, the insider now directly owns 102,135 shares of the company's stock, valued at approximately $8,786,674.05. This trade represents a 25.46% decrease in their position. The disclosure for this sale can be found here. 3.84% of the stock is owned by company insiders.

Institutional Trading of Uber Technologies

A number of large investors have recently modified their holdings of UBER. Clark Capital Management Group Inc. grew its position in Uber Technologies by 11,354.8% in the 4th quarter. Clark Capital Management Group Inc. now owns 402,522 shares of the ride-sharing company's stock worth $24,280,000 after purchasing an additional 399,008 shares during the last quarter. UMB Bank n.a. boosted its position in shares of Uber Technologies by 33.6% during the first quarter. UMB Bank n.a. now owns 12,210 shares of the ride-sharing company's stock worth $890,000 after buying an additional 3,073 shares during the period. Revolve Wealth Partners LLC grew its holdings in Uber Technologies by 65.0% in the 4th quarter. Revolve Wealth Partners LLC now owns 15,563 shares of the ride-sharing company's stock worth $939,000 after buying an additional 6,129 shares in the last quarter. Mufg Securities Americas Inc. bought a new position in Uber Technologies in the 4th quarter worth approximately $1,875,000. Finally, APG Asset Management N.V. acquired a new stake in Uber Technologies in the 4th quarter valued at approximately $84,687,000. Institutional investors and hedge funds own 80.24% of the company's stock.

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.