Uber Technologies (NYSE:UBER) Now Covered by Analysts at Stifel Nicolaus

Investment analysts at Stifel Nicolaus began coverage on shares of Uber Technologies (NYSE:UBER - Get Free Report) in a note issued to investors on Wednesday, Marketbeat reports. The firm set a "buy" rating and a $110.00 price target on the ride-sharing company's stock. Stifel Nicolaus' price target points to a potential upside of 28.34% from the company's previous close.

Other research analysts have also recently issued reports about the stock. Loop Capital reissued a "buy" rating and issued a $105.00 price target (up from $89.00) on shares of Uber Technologies in a report on Wednesday, May 21st. Royal Bank of Canada reiterated an "outperform" rating and set a $82.00 target price on shares of Uber Technologies in a research note on Monday, May 5th. DA Davidson upped their price objective on Uber Technologies from $80.00 to $98.00 and gave the company a "buy" rating in a report on Thursday, May 8th. UBS Group upped their price target on shares of Uber Technologies from $103.00 to $107.00 and gave the company a "buy" rating in a research note on Thursday, May 8th. Finally, Citigroup lifted their price objective on shares of Uber Technologies from $92.00 to $102.00 and gave the stock a "buy" rating in a research note on Thursday, May 8th. Twelve equities research analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $94.39.

Uber Technologies Stock Performance

UBER traded down $0.87 during trading hours on Wednesday, reaching $85.71. The company's stock had a trading volume of 8,643,701 shares, compared to its average volume of 20,733,579. The company's 50-day moving average is $81.40 and its 200-day moving average is $73.80. Uber Technologies has a 52 week low of $54.84 and a 52 week high of $93.60. The firm has a market cap of $179.23 billion, a PE ratio of 18.80, a price-to-earnings-growth ratio of 0.89 and a beta of 1.38. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.41 and a current ratio of 1.07.

Uber Technologies (NYSE:UBER - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The ride-sharing company reported $0.83 EPS for the quarter, beating 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 net margin of 22.41% and a return on equity of 62.60%. The company's quarterly revenue was up 13.8% on a year-over-year basis. During the same period in the previous year, the company earned ($0.32) earnings per share. On average, equities analysts forecast that Uber Technologies will post 2.54 EPS for the current year.

Insiders Place Their Bets

In other Uber Technologies news, SVP Nikki Krishnamurthy sold 20,000 shares of the company's stock in a transaction on Friday, March 14th. The shares were sold at an average price of $71.57, for a total transaction of $1,431,400.00. Following the sale, the senior vice president now owns 361,908 shares of the company's stock, valued at approximately $25,901,755.56. This represents a 5.24% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the stock in a transaction dated Thursday, March 20th. The stock was sold at an average price of $75.00, for a total value of $206,250.00. Following the sale, the chief financial officer now owns 22,162 shares of the company's stock, valued at approximately $1,662,150. The trade was a 11.04% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 60,384 shares of company stock valued at $4,872,471. 3.84% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Uber Technologies

Hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its position in shares of Uber Technologies by 3.2% during the 1st quarter. Vanguard Group Inc. now owns 186,526,036 shares of the ride-sharing company's stock worth $13,590,287,000 after buying an additional 5,759,353 shares during the period. Capital Research Global Investors grew its holdings in Uber Technologies by 79.0% in the fourth quarter. Capital Research Global Investors now owns 118,131,681 shares of the ride-sharing company's stock worth $7,125,728,000 after purchasing an additional 52,125,476 shares during the period. Geode Capital Management LLC increased its stake in Uber Technologies by 2.5% in the fourth quarter. Geode Capital Management LLC now owns 43,561,447 shares of the ride-sharing company's stock valued at $2,621,929,000 after purchasing an additional 1,061,088 shares in the last quarter. Capital World Investors raised its holdings in shares of Uber Technologies by 10.1% during the fourth quarter. Capital World Investors now owns 30,355,075 shares of the ride-sharing company's stock valued at $1,831,021,000 after purchasing an additional 2,792,039 shares during the period. Finally, Pershing Square Capital Management L.P. acquired a new stake in shares of Uber Technologies in the 1st quarter valued at about $2,207,743,000. 80.24% of the stock is currently owned by 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.