Uber Technologies' (UBER) Outperform Rating Reiterated at Royal Bank of Canada

Uber Technologies (NYSE:UBER - Get Free Report)'s stock had its "outperform" rating reissued by stock analysts at Royal Bank of Canada in a report released on Monday,Benzinga reports. They presently have a $82.00 target price on the ride-sharing company's stock. Royal Bank of Canada's target price suggests a potential downside of 4.18% from the stock's previous close.

A number of other research firms have also issued reports on UBER. KeyCorp reduced their target price on shares of Uber Technologies from $85.00 to $80.00 and set an "overweight" rating on the stock in a report on Tuesday, April 15th. Fox Advisors cut shares of Uber Technologies from an "overweight" rating to an "equal weight" rating in a report on Tuesday, March 11th. Cantor Fitzgerald reissued an "overweight" rating and issued a $80.00 price objective on shares of Uber Technologies in a research report on Wednesday, April 16th. TD Cowen lowered their target price on shares of Uber Technologies from $90.00 to $88.00 and set a "buy" rating for the company in a research note on Tuesday, April 8th. Finally, Arete Research raised Uber Technologies to a "hold" rating in a research report on Tuesday, February 18th. Ten research analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Uber Technologies has a consensus rating of "Moderate Buy" and a consensus price target of $89.81.

Uber Technologies Trading Up 1.5 %

Shares of NYSE:UBER traded up $1.30 during mid-day trading on Monday, reaching $85.58. 10,023,500 shares of the company were exchanged, compared to its average volume of 22,816,596. Uber Technologies has a 1 year low of $54.84 and a 1 year high of $87.00. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.07 and a quick ratio of 1.41. The firm's 50-day simple moving average is $73.83 and its 200 day simple moving average is $71.32. The firm has a market cap of $179.01 billion, a price-to-earnings ratio of 18.78, a P/E/G ratio of 0.89 and a beta of 1.43.

Uber Technologies (NYSE:UBER - Get Free Report) last released its quarterly earnings results on Wednesday, February 5th. The ride-sharing company reported $3.21 EPS for the quarter, topping the consensus estimate of $0.50 by $2.71. Uber Technologies had a return on equity of 62.60% and a net margin of 22.41%. Equities research analysts forecast that Uber Technologies will post 2.54 EPS for the current year.

Insider Buying and Selling at Uber Technologies

In related news, insider Jill Hazelbaker sold 31,000 shares of the business's stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $81.02, for a total value of $2,511,620.00. Following the completion of the sale, the insider now directly owns 86,973 shares in the company, valued at approximately $7,046,552.46. The trade was a 26.28 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the stock in a transaction that occurred on Thursday, March 20th. The stock was sold at an average price of $75.00, for a total transaction of $206,250.00. Following the transaction, the chief financial officer now directly owns 22,162 shares in the company, valued at approximately $1,662,150. This represents a 11.04 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 77,154 shares of company stock worth $5,793,869. Insiders own 3.84% of the company's stock.

Hedge Funds Weigh In On Uber Technologies

Hedge funds and other institutional investors have recently modified their holdings of the company. Avion Wealth boosted its position in Uber Technologies by 96.0% during the 4th quarter. Avion Wealth now owns 445 shares of the ride-sharing company's stock worth $26,000 after purchasing an additional 218 shares during the period. Transce3nd LLC acquired a new stake in Uber Technologies in the fourth quarter valued at approximately $27,000. Fourth Dimension Wealth LLC purchased a new stake in shares of Uber Technologies during the fourth quarter valued at approximately $27,000. Kozak & Associates Inc. boosted its stake in shares of Uber Technologies by 155.9% in the first quarter. Kozak & Associates Inc. now owns 366 shares of the ride-sharing company's stock valued at $27,000 after purchasing an additional 223 shares during the period. Finally, Noble Wealth Management PBC purchased a new stake in Uber Technologies during the 1st quarter worth $27,000. 80.24% of the stock is owned by institutional investors and hedge funds.

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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