Cantor Fitzgerald Brokers Boost Earnings Estimates for UBER

Uber Technologies, Inc. (NYSE:UBER - Free Report) - Investment analysts at Cantor Fitzgerald raised their FY2025 EPS estimates for Uber Technologies in a research note issued on Wednesday, June 25th. Cantor Fitzgerald analyst D. Mathivanan now forecasts that the ride-sharing company will earn $2.69 per share for the year, up from their previous forecast of $2.66. Cantor Fitzgerald has a "Overweight" rating and a $106.00 price target on the stock. The consensus estimate for Uber Technologies' current full-year earnings is $2.54 per share. Cantor Fitzgerald also issued estimates for Uber Technologies' FY2026 earnings at $3.21 EPS.

UBER has been the subject of several other reports. Wall Street Zen raised shares of Uber Technologies from a "hold" rating to a "buy" rating in a report on Sunday, June 15th. KGI Securities reiterated a "neutral" rating and issued a $78.00 target price on shares of Uber Technologies in a research note on Tuesday, March 11th. UBS Group increased their price target on Uber Technologies from $103.00 to $107.00 and gave the stock a "buy" rating in a research report on Thursday, May 8th. Raymond James Financial lowered Uber Technologies from a "strong-buy" rating to a "moderate buy" rating in a research note on Wednesday, June 18th. Finally, JPMorgan Chase & Co. lifted their price target on Uber Technologies from $92.00 to $105.00 and gave the company an "overweight" rating in a report on Tuesday, May 20th. Eleven equities research analysts have rated the stock with a hold rating and twenty-seven have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $95.18.

Uber Technologies Price Performance

Shares of NYSE:UBER traded up $2.19 on Thursday, hitting $93.09. The stock had a trading volume of 23,563,190 shares, compared to its average volume of 20,993,421. The firm's 50 day moving average price is $84.48 and its 200-day moving average price is $74.83. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.02 and a current ratio of 1.02. Uber Technologies has a twelve month low of $54.84 and a twelve month high of $94.24. The company has a market capitalization of $194.67 billion, a price-to-earnings ratio of 16.30, a price-to-earnings-growth ratio of 1.17 and a beta of 1.38.

Uber Technologies (NYSE:UBER - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The ride-sharing company reported $0.83 EPS for the quarter, beating 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 business had revenue of $11.53 billion for the quarter, compared to analyst estimates of $11.61 billion. During the same quarter in the previous year, the firm earned ($0.32) EPS. Uber Technologies's quarterly revenue was up 13.8% on a year-over-year basis.

Insider Transactions at Uber Technologies

In other news, 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 value of $3,001,070.52. Following the completion of the transaction, the insider now owns 102,135 shares of the company's stock, valued at $8,786,674.05. The trade was a 25.46% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the company's stock in a transaction on Monday, May 5th. The shares were sold at an average price of $85.00, for a total transaction of $233,750.00. Following the completion of the sale, the chief financial officer now owns 21,063 shares of the company's stock, valued at approximately $1,790,355. This represents a 11.55% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 3.84% of the company's stock.

Hedge Funds Weigh In On Uber Technologies

Several institutional investors have recently modified their holdings of the business. Vanguard Group Inc. lifted its stake in Uber Technologies by 3.2% in the first quarter. Vanguard Group Inc. now owns 186,526,036 shares of the ride-sharing company's stock valued at $13,590,287,000 after buying an additional 5,759,353 shares in the last quarter. Capital Research Global Investors lifted its position in Uber Technologies by 79.0% in the 4th quarter. Capital Research Global Investors now owns 118,131,681 shares of the ride-sharing company's stock valued at $7,125,728,000 after acquiring an additional 52,125,476 shares in the last quarter. Geode Capital Management LLC boosted its stake in Uber Technologies by 2.5% in the 4th quarter. Geode Capital Management LLC now owns 43,561,447 shares of the ride-sharing company's stock worth $2,621,929,000 after purchasing an additional 1,061,088 shares during the period. Capital World Investors boosted its stake in Uber Technologies by 10.1% in the 4th quarter. Capital World Investors now owns 30,355,075 shares of the ride-sharing company's stock worth $1,831,021,000 after purchasing an additional 2,792,039 shares during the period. Finally, Pershing Square Capital Management L.P. bought a new position in Uber Technologies during the 1st quarter worth about $2,207,743,000. Institutional investors 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.