Uber Technologies, Inc. (NYSE:UBER) Given Average Recommendation of "Moderate Buy" by Analysts

Key Points

• Uber Technologies, Inc. has received an average recommendation of "Moderate Buy" from 40 analysts, with a one-year price target averaging $104.09.
• The company reported $0.63 earnings per share for the last quarter, surpassing expectations and showing an 18.2% increase in revenue year-over-year.
• Insider trading activity includes senior executives selling a combined total of nearly 604,571 shares in the past three months, indicating potential shifts in ownership dynamics within the company.

Shares of Uber Technologies, Inc. (NYSE:UBER - Get Free Report) have been given an average recommendation of "Moderate Buy" by the forty analysts that are currently covering the stock, Marketbeat.com reports. Ten equities research analysts have rated the stock with a hold recommendation, twenty-eight have given a buy recommendation and two have issued a strong buy recommendation on the company. The average 1-year price target among brokers that have covered the stock in the last year is $104.0882.

A number of research analysts have recently weighed in on UBER shares. Cowen reaffirmed a "buy" rating on shares of Uber Technologies in a research report on Thursday, August 7th. Wedbush lowered their price objective on Uber Technologies from $85.00 to $84.00 and set a "neutral" rating on the stock in a research report on Thursday, August 7th. Wall Street Zen cut Uber Technologies from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th. Cantor Fitzgerald reissued an "overweight" rating and set a $106.00 target price (up previously from $96.00) on shares of Uber Technologies in a research note on Wednesday, June 25th. Finally, Roth Capital lifted their target price on Uber Technologies from $93.00 to $110.00 and gave the company a "buy" rating in a research note on Monday, July 14th.

Uber Technologies Stock Down 0.1%

UBER stock opened at $96.51 on Friday. Uber Technologies has a twelve month low of $59.33 and a twelve month high of $101.99. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.41. The stock has a market cap of $201.27 billion, a P/E ratio of 16.44 and a beta of 1.48. The business's 50-day moving average price is $93.83 and its 200-day moving average price is $86.87.

Uber Technologies (NYSE:UBER - Get Free Report) last posted its quarterly earnings data on Wednesday, August 6th. The ride-sharing company reported $0.63 earnings per share for the quarter, beating analysts' consensus estimates of $0.61 by $0.02. Uber Technologies had a return on equity of 59.96% and a net margin of 26.68%.The firm had revenue of $12.65 billion for the quarter, compared to analysts' expectations of $12.45 billion. During the same period in the previous year, the firm earned $0.47 EPS. The business's quarterly revenue was up 18.2% on a year-over-year basis. On average, equities research analysts forecast that Uber Technologies will post 2.54 EPS for the current year.

Insider Activity at Uber Technologies

In related news, SVP Nikki Krishnamurthy sold 11,571 shares of Uber Technologies stock in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of $91.74, for a total transaction of $1,061,523.54. Following the sale, the senior vice president owned 416,222 shares of the company's stock, valued at approximately $38,184,206.28. This trade represents a 2.70% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of Uber Technologies stock in a transaction that occurred on Tuesday, September 16th. The shares were sold at an average price of $99.42, for a total value of $273,405.00. Following the sale, the chief financial officer directly owned 22,528 shares in the company, valued at $2,239,733.76. This trade represents a 10.88% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 604,571 shares of company stock worth $58,920,741 in the last three months. Corporate insiders own 3.84% of the company's stock.

Institutional Trading of Uber Technologies

A number of large investors have recently added to or reduced their stakes in UBER. Brighton Jones LLC increased its stake in Uber Technologies by 3.4% in the 4th quarter. Brighton Jones LLC now owns 74,460 shares of the ride-sharing company's stock worth $4,491,000 after acquiring an additional 2,474 shares during the last quarter. Revolve Wealth Partners LLC increased its stake 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 acquiring an additional 6,129 shares during the last quarter. Bison Wealth LLC increased its stake in Uber Technologies by 20.3% in the 4th quarter. Bison Wealth LLC now owns 3,792 shares of the ride-sharing company's stock worth $229,000 after acquiring an additional 641 shares during the last quarter. Merit Financial Group LLC increased its position in shares of Uber Technologies by 12.7% during the 1st quarter. Merit Financial Group LLC now owns 64,417 shares of the ride-sharing company's stock valued at $4,693,000 after purchasing an additional 7,279 shares during the last quarter. Finally, HBW Advisory Services LLC bought a new position in shares of Uber Technologies during the 1st quarter valued at approximately $334,000. 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.

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