Uber Technologies' (UBER) "Outperform" Rating Reiterated at Wedbush

Uber Technologies (NYSE:UBER - Get Free Report)'s stock had its "outperform" rating reiterated by research analysts at Wedbush in a research note issued on Wednesday, RTT News reports. They presently have a $85.00 price objective on the ride-sharing company's stock. Wedbush's price target suggests a potential upside of 28.01% from the company's current price.

UBER has been the topic of a number of other reports. BMO Capital Markets boosted their target price on shares of Uber Technologies from $82.00 to $92.00 and gave the stock an "outperform" rating in a report on Thursday, February 15th. BTIG Research raised their price objective on Uber Technologies from $80.00 to $90.00 and gave the stock a "buy" rating in a research note on Thursday, February 22nd. UBS Group boosted their target price on Uber Technologies from $94.00 to $96.00 and gave the stock a "buy" rating in a research report on Thursday, February 15th. Gordon Haskett lowered Uber Technologies from a "buy" rating to a "hold" rating and set a $66.00 price target for the company. in a research report on Wednesday, January 24th. Finally, Royal Bank of Canada restated an "outperform" rating and set a $85.00 price objective on shares of Uber Technologies in a report on Thursday, February 15th. Two analysts have rated the stock with a hold rating and twenty-nine have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $82.55.

Uber Technologies Stock Performance

Shares of NYSE:UBER traded down $4.03 on Wednesday, reaching $66.40. 83,858,520 shares of the company's stock were exchanged, compared to its average volume of 20,549,502. The business's 50-day moving average is $75.03 and its two-hundred day moving average is $65.83. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.79. Uber Technologies has a fifty-two week low of $37.07 and a fifty-two week high of $82.14. The firm has a market capitalization of $138.20 billion, a price-to-earnings ratio of 77.21, a PEG ratio of 1.09 and a beta of 1.39.

Uber Technologies (NYSE:UBER - Get Free Report) last released its quarterly earnings results on Wednesday, February 7th. The ride-sharing company reported $0.66 earnings per share for the quarter, beating analysts' consensus estimates of $0.16 by $0.50. The company had revenue of $9.94 billion for the quarter, compared to analysts' expectations of $9.76 billion. Uber Technologies had a return on equity of 18.95% and a net margin of 5.06%. The business's revenue for the quarter was up 15.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.29 earnings per share. As a group, equities research analysts forecast that Uber Technologies will post 1.23 EPS for the current year.

Insider Activity

In related news, insider Jill Hazelbaker sold 20,000 shares of Uber Technologies stock in a transaction that occurred on Wednesday, February 14th. The stock was sold at an average price of $77.83, for a total transaction of $1,556,600.00. Following the sale, the insider now directly owns 107,290 shares in the company, valued at $8,350,380.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, insider Jill Hazelbaker sold 20,000 shares of the stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $77.83, for a total transaction of $1,556,600.00. Following the sale, the insider now directly owns 107,290 shares of the company's stock, valued at $8,350,380.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Tony West sold 18,750 shares of the stock in a transaction on Monday, February 12th. The shares were sold at an average price of $70.08, for a total value of $1,314,000.00. Following the transaction, the insider now directly owns 185,566 shares in the company, valued at $13,004,465.28. The disclosure for this sale can be found here. Insiders own 3.80% of the company's stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Financial Management Professionals Inc. boosted its position in shares of Uber Technologies by 111.6% during the first quarter. Financial Management Professionals Inc. now owns 383 shares of the ride-sharing company's stock valued at $29,000 after buying an additional 202 shares during the period. YHB Investment Advisors Inc. bought a new stake in shares of Uber Technologies in the 1st quarter valued at about $37,000. CVA Family Office LLC acquired a new position in shares of Uber Technologies during the fourth quarter worth $30,000. Highlander Capital Management LLC raised its position in shares of Uber Technologies by 100.0% in the 4th quarter. Highlander Capital Management LLC now owns 500 shares of the ride-sharing company's stock valued at $31,000 after purchasing an additional 250 shares during the last quarter. Finally, Bfsg LLC acquired a new stake in shares of Uber Technologies during the fourth quarter worth $31,000. 80.24% of the stock is 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.

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