Uber Technologies (NYSE:UBER) Receives "Buy" Rating from DA Davidson

DA Davidson restated their buy rating on shares of Uber Technologies (NYSE:UBER - Free Report) in a research note published on Wednesday, Benzinga reports. They currently have a $81.00 price objective on the ride-sharing company's stock.

A number of other equities analysts have also issued reports on UBER. KeyCorp raised their target price on Uber Technologies from $79.00 to $90.00 and gave the stock an overweight rating in a research note on Thursday, February 15th. Citigroup boosted their price target on Uber Technologies from $83.00 to $91.00 and gave the company a buy rating in a report on Friday, February 16th. Argus lifted their price target on Uber Technologies from $69.00 to $95.00 and gave the company a buy rating in a research note on Monday, March 4th. TheStreet upgraded Uber Technologies from a c rating to a b- rating in a research report on Wednesday, February 7th. Finally, JPMorgan Chase & Co. increased their target price on Uber Technologies from $84.00 to $95.00 and gave the company an overweight rating in a research report on Thursday, February 15th. Two investment analysts have rated the stock with a hold rating and thirty have given a buy rating to the company. According to data from MarketBeat, Uber Technologies presently has an average rating of Moderate Buy and a consensus price target of $83.44.

Uber Technologies Stock Up 2.3 %

Shares of NYSE UBER traded up $1.53 during midday trading on Wednesday, hitting $67.93. The stock had a trading volume of 27,956,039 shares, compared to its average volume of 20,634,590. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.79. The business's 50 day moving average is $74.80 and its 200-day moving average is $65.83. Uber Technologies has a 52 week low of $37.07 and a 52 week high of $82.14. The company has a market cap of $141.39 billion, a P/E ratio of 78.98, a PEG ratio of 1.09 and a beta of 1.39.

Uber Technologies (NYSE:UBER - Get Free Report) last released its quarterly earnings data on Wednesday, May 8th. The ride-sharing company reported ($0.32) earnings per share for the quarter, missing the consensus estimate of $0.21 by ($0.53). Uber Technologies had a net margin of 5.06% and a return on equity of 18.95%. The company had revenue of $10.13 billion for the quarter, compared to analysts' expectations of $10.09 billion. During the same period in the previous year, the firm earned ($0.08) earnings per share. The firm's revenue for the quarter was up 14.8% on a year-over-year basis. As a group, analysts predict that Uber Technologies will post 1.23 EPS for the current year.

Insider Transactions at Uber Technologies

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

Hedge Funds Weigh In On Uber Technologies

Institutional investors and hedge funds have recently bought and sold shares of the stock. Highlander Capital Management LLC boosted its holdings in Uber Technologies by 100.0% in the fourth 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. PFG Investments LLC grew its position in shares of Uber Technologies by 374.6% during the first quarter. PFG Investments LLC now owns 63,450 shares of the ride-sharing company's stock worth $4,885,000 after buying an additional 50,080 shares in the last quarter. Treasurer of the State of North Carolina increased its stake in shares of Uber Technologies by 0.4% in the third quarter. Treasurer of the State of North Carolina now owns 877,589 shares of the ride-sharing company's stock worth $40,360,000 after buying an additional 3,530 shares during the last quarter. Compagnie Lombard Odier SCmA boosted its stake in Uber Technologies by 73.0% during the 4th quarter. Compagnie Lombard Odier SCmA now owns 33,535 shares of the ride-sharing company's stock valued at $2,065,000 after acquiring an additional 14,153 shares during the last quarter. Finally, Financial Enhancement Group LLC bought a new stake in shares of Uber Technologies in the 4th quarter worth about $1,112,000. Hedge funds and other 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.