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

Shares of Uber Technologies, Inc. (NYSE:UBER - Get Free Report) have earned an average rating of "Moderate Buy" from the thirty-seven research firms that are covering the firm, Marketbeat reports. Eleven equities research analysts have rated the stock with a hold rating and twenty-six have assigned a buy rating to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $94.39.

Several brokerages have commented on UBER. Raymond James Financial downgraded Uber Technologies from a "strong-buy" rating to a "moderate buy" rating in a research note on Wednesday, June 18th. Needham & Company LLC restated a "buy" rating and issued a $90.00 price objective on shares of Uber Technologies in a research report on Wednesday, May 7th. Wall Street Zen raised shares of Uber Technologies from a "hold" rating to a "buy" rating in a research note on Sunday, June 15th. Barclays increased their target price 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. Finally, Bank of America boosted their price target on shares of Uber Technologies from $96.00 to $97.00 and gave the company a "buy" rating in a research report on Thursday, May 8th.

Uber Technologies Stock Performance

Shares of UBER stock opened at $91.59 on Wednesday. The firm's 50 day moving average is $84.12 and its 200 day moving average is $74.72. The stock has a market capitalization of $191.53 billion, a P/E ratio of 16.04, a PEG ratio of 1.08 and a beta of 1.38. Uber Technologies has a 12 month low of $54.84 and a 12 month high of $93.60. 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 (NYSE:UBER - Get Free Report) last posted its earnings results on Wednesday, May 7th. The ride-sharing company reported $0.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.50 by $0.33. The firm had revenue of $11.53 billion for the quarter, compared to the consensus estimate of $11.61 billion. Uber Technologies had a return on equity of 66.46% and a net margin of 27.07%. The business's quarterly revenue was up 13.8% on a year-over-year basis. During the same quarter in the prior year, the business posted ($0.32) earnings per share. On average, sell-side analysts anticipate that Uber Technologies will post 2.54 earnings per share for the current year.

Insider Activity at Uber Technologies

In related news, insider Jill Hazelbaker sold 34,884 shares of the firm's stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $86.03, for a total value of $3,001,070.52. Following the sale, the insider now directly owns 102,135 shares of the company's stock, valued at $8,786,674.05. This trade represents a 25.46% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the company's stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $85.00, for a total value of $233,750.00. Following the transaction, the chief financial officer now directly owns 21,063 shares of the company's stock, valued at $1,790,355. The trade was a 11.55% decrease in their position. The disclosure for this sale can be found here. 3.70% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in UBER. Capital Research Global Investors boosted its position in shares of Uber Technologies by 79.0% during the fourth 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 purchasing an additional 52,125,476 shares in the last quarter. Pershing Square Capital Management L.P. bought a new position in Uber Technologies in the first quarter worth $2,207,743,000. Norges Bank purchased a new position in Uber Technologies during the fourth quarter valued at $1,467,754,000. Boston Partners purchased a new position in Uber Technologies during the fourth quarter valued at $381,057,000. Finally, Pacer Advisors Inc. boosted its holdings in shares of Uber Technologies by 2,571.2% during the 1st quarter. Pacer Advisors Inc. now owns 6,498,167 shares of the ride-sharing company's stock valued at $473,456,000 after buying an additional 6,254,898 shares in the last quarter. 80.24% of the stock is currently owned by institutional investors.

Uber Technologies Company Profile

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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