Uber Technologies (NYSE:UBER) Downgraded by Wall Street Zen to Hold

Uber Technologies (NYSE:UBER - Get Free Report) was downgraded by equities research analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a research note issued to investors on Saturday.

A number of other equities research analysts have also weighed in on the stock. Loop Capital reissued a "buy" rating and set a $105.00 target price (up from $89.00) on shares of Uber Technologies in a report on Wednesday, May 21st. Bank of America boosted their target price on shares of Uber Technologies from $96.00 to $97.00 and gave the stock a "buy" rating in a report on Thursday, May 8th. Royal Bank Of Canada reissued an "outperform" rating and set a $82.00 target price on shares of Uber Technologies in a report on Monday, May 5th. Tigress Financial set a $110.00 target price on shares of Uber Technologies and gave the stock a "buy" rating in a report on Friday, May 23rd. Finally, Citigroup boosted their target price on shares of Uber Technologies from $92.00 to $102.00 and gave the stock a "buy" rating in a report on Thursday, May 8th. Thirteen investment analysts have rated the stock with a hold rating and twenty-six have given a buy rating to the company. According to MarketBeat, Uber Technologies currently has an average rating of "Moderate Buy" and an average target price of $94.85.

Uber Technologies Price Performance

UBER stock opened at $93.46 on Friday. The company has a 50 day simple moving average of $86.90 and a 200 day simple moving average of $76.31. The stock has a market cap of $195.43 billion, a price-to-earnings ratio of 16.37, a P/E/G ratio of 1.19 and a beta of 1.40. Uber Technologies has a 1 year low of $54.84 and a 1 year high of $94.38. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.02 and a quick ratio of 1.02.

Uber Technologies (NYSE:UBER - Get Free Report) last posted its earnings results 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 during 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 period last year, the company earned ($0.32) earnings per share. Research analysts anticipate that Uber Technologies will post 2.54 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the business's stock in a transaction on Monday, May 5th. The shares were sold at an average price of $85.00, for a total transaction of $233,750.00. Following the transaction, the chief financial officer owned 21,063 shares in the company, valued at $1,790,355. The trade was a 11.55% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jill Hazelbaker sold 34,884 shares of the company's stock in a transaction on Monday, May 12th. The stock was sold at an average price of $86.03, for a total transaction of $3,001,070.52. Following the transaction, the insider owned 102,135 shares in the company, valued at approximately $8,786,674.05. The trade was a 25.46% decrease in their position. The disclosure for this sale can be found here. 3.84% of the stock is owned by insiders.

Institutional Trading of Uber Technologies

Several institutional investors have recently made changes to their positions in the company. Noble Wealth Management PBC bought a new position in Uber Technologies during the first quarter valued at about $27,000. Kozak & Associates Inc. grew its position in Uber Technologies by 155.9% during the first quarter. Kozak & Associates Inc. now owns 366 shares of the ride-sharing company's stock valued at $27,000 after buying an additional 223 shares during the period. Vision Financial Markets LLC bought a new position in Uber Technologies during the first quarter valued at about $27,000. GPS Wealth Strategies Group LLC grew its position in Uber Technologies by 305.1% during the first quarter. GPS Wealth Strategies Group LLC now owns 397 shares of the ride-sharing company's stock valued at $29,000 after buying an additional 299 shares during the period. Finally, Perkins Coie Trust Co grew its position in Uber Technologies by 306.0% during the first quarter. Perkins Coie Trust Co now owns 406 shares of the ride-sharing company's stock valued at $30,000 after buying an additional 306 shares during the period. Institutional investors own 80.24% of the company's stock.

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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