Uber Technologies, Inc. (NYSE:UBER) Receives Consensus Rating of "Moderate Buy" from Brokerages

Key Points

• Uber Technologies has been assigned a consensus rating of “Moderate Buy” by 40 research firms, with an average price target of approximately $103.
• Recent insider transactions include CFO Prashanth Mahendra-Rajah and another insider selling a total of 5,875 shares, indicating a decrease in their stock positions.
• Uber reported earnings of $0.63 per share for the last quarter, surpassing estimates and showing 18.2% revenue growth year-over-year.

Shares of Uber Technologies, Inc. (NYSE:UBER - Get Free Report) have been assigned a consensus rating of "Moderate Buy" from the forty research firms that are covering the firm, Marketbeat reports. Ten equities research analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and one has issued a strong buy rating on the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $103.0588.

Several equities research analysts have recently issued reports on the stock. KeyCorp increased their price objective on shares of Uber Technologies from $90.00 to $110.00 and gave the stock an "overweight" rating in a research report on Monday, July 14th. Needham & Company LLC raised their target price on shares of Uber Technologies from $100.00 to $109.00 and gave the company a "buy" rating in a research report on Monday, July 14th. Wall Street Zen downgraded shares of Uber Technologies from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th. Tigress Financial set a $110.00 target price on shares of Uber Technologies and gave the company a "buy" rating in a research report on Friday, May 23rd. Finally, Canaccord Genuity Group reissued a "hold" rating and issued a $84.00 price objective (down previously from $90.00) on shares of Uber Technologies in a research report on Friday, June 27th.

Insider Activity

In related news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of Uber Technologies stock in a transaction dated Monday, July 7th. The shares were sold at an average price of $95.00, for a total transaction of $261,250.00. Following the completion of the sale, the chief financial officer owned 21,975 shares of the company's stock, valued at approximately $2,087,625. The trade was a 11.12% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Tony West sold 3,125 shares of Uber Technologies stock in a transaction dated Tuesday, August 26th. The stock was sold at an average price of $95.00, for a total transaction of $296,875.00. Following the sale, the insider directly owned 170,269 shares of the company's stock, valued at $16,175,555. The trade was a 1.80% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 48,696 shares of company stock worth $4,632,774. Insiders own 3.70% of the company's stock.

Institutional Trading of Uber Technologies

Hedge funds and other institutional investors have recently modified their holdings of the stock. Brighton Jones LLC raised 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 purchasing an additional 2,474 shares in the last quarter. Revolve Wealth Partners LLC raised 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 purchasing an additional 6,129 shares in the last quarter. Bank Pictet & Cie Europe AG acquired a new stake in Uber Technologies in the 4th quarter worth about $395,000. Bison Wealth LLC raised 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 purchasing an additional 641 shares in the last quarter. Finally, Fiduciary Trust Co raised its stake in Uber Technologies by 15.5% in the 4th quarter. Fiduciary Trust Co now owns 5,462 shares of the ride-sharing company's stock worth $329,000 after purchasing an additional 732 shares in the last quarter. Institutional investors own 80.24% of the company's stock.

Uber Technologies Stock Down 1.2%

Shares of UBER stock opened at $90.89 on Monday. The firm has a fifty day moving average of $92.42 and a 200-day moving average of $84.05. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.41. Uber Technologies has a 12-month low of $59.33 and a 12-month high of $97.71. The company has a market capitalization of $189.54 billion, a price-to-earnings ratio of 15.48, a P/E/G ratio of 1.04 and a beta of 1.43.

Uber Technologies (NYSE:UBER - Get Free Report) last issued its quarterly earnings data on Wednesday, August 6th. The ride-sharing company reported $0.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.61 by $0.02. Uber Technologies had a net margin of 26.68% and a return on equity of 59.96%. The company had revenue of $12.65 billion during the quarter, compared to the consensus estimate of $12.45 billion. During the same quarter in the prior year, the firm earned $0.47 earnings per share. The firm's revenue was up 18.2% compared to the same quarter last year. As a group, equities research analysts predict that Uber Technologies will post 2.54 earnings per share for the current fiscal year.

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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