Uber Technologies (NYSE:UBER) Research Coverage Started at Cantor Fitzgerald

Cantor Fitzgerald started coverage on shares of Uber Technologies (NYSE:UBER) in a research report sent to investors on Thursday morning, MarketBeat reports. The brokerage issued an overweight rating and a $90.00 price objective on the ride-sharing company’s stock.

Several other equities research analysts have also issued reports on UBER. TD Cowen increased their target price on shares of Uber Technologies from $88.00 to $90.00 and gave the stock a buy rating in a research note on Tuesday, July 23rd. Wedbush restated an outperform rating and set a $85.00 price target on shares of Uber Technologies in a research report on Wednesday, May 8th. Loop Capital upped their price target on shares of Uber Technologies from $83.00 to $84.00 and gave the stock a buy rating in a research report on Tuesday, September 3rd. Bank of America restated a buy rating and set a $88.00 price target on shares of Uber Technologies in a research report on Friday, August 23rd. Finally, Melius Research started coverage on shares of Uber Technologies in a research report on Monday, July 22nd. They set a hold rating and a $77.00 price target for the company. Four equities research analysts have rated the stock with a hold rating and thirty-one have given a buy rating to the stock. Based on data from MarketBeat, Uber Technologies currently has an average rating of Moderate Buy and a consensus price target of $87.60.

Uber Technologies Trading Down 2.3 %

UBER stock opened at $69.58 on Thursday. The company’s 50-day simple moving average is $69.53 and its 200-day simple moving average is $71.22. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.72. Uber Technologies has a 52-week low of $40.09 and a 52-week high of $82.14. The firm has a market cap of $146.18 billion, a P/E ratio of 112.23, a PEG ratio of 1.28 and a beta of 1.33.

Uber Technologies (NYSE:UBER) last posted its earnings results on Tuesday, August 6th. The ride-sharing company reported $0.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.31 by $0.16. Uber Technologies had a net margin of 5.02% and a return on equity of 17.06%. The business had revenue of $10.70 billion for the quarter, compared to analyst estimates of $10.57 billion. During the same period in the prior year, the company posted $0.18 EPS. The company’s revenue for the quarter was up 15.9% on a year-over-year basis. As a group, equities analysts forecast that Uber Technologies will post 1.05 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider Tony West sold 28,000 shares of the stock in a transaction that occurred on Thursday, June 13th. The shares were sold at an average price of $70.67, for a total transaction of $1,978,760.00. Following the completion of the transaction, the insider now owns 96,945 shares of the company’s stock, valued at approximately $6,851,103.15. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Uber Technologies news, CEO Dara Khosrowshahi sold 500,000 shares of the firm’s stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $71.91, for a total value of $35,955,000.00. Following the completion of the transaction, the chief executive officer now owns 1,266,114 shares of the company’s stock, valued at approximately $91,046,257.74. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Tony West sold 28,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 13th. The shares were sold at an average price of $70.67, for a total transaction of $1,978,760.00. Following the completion of the transaction, the insider now directly owns 96,945 shares of the company’s stock, valued at approximately $6,851,103.15. The disclosure for this sale can be found here. 3.84% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Uber Technologies

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. GHP Investment Advisors Inc. boosted its position in Uber Technologies by 222.7% in the 2nd quarter. GHP Investment Advisors Inc. now owns 355 shares of the ride-sharing company’s stock valued at $26,000 after buying an additional 245 shares during the period. Financial Management Professionals Inc. boosted its position in Uber Technologies by 111.6% in the 1st quarter. Financial Management Professionals Inc. now owns 383 shares of the ride-sharing company’s stock valued at $29,000 after buying an additional 202 shares during the period. WR Wealth Planners LLC boosted its position in Uber Technologies by 563.9% in the 2nd quarter. WR Wealth Planners LLC now owns 405 shares of the ride-sharing company’s stock valued at $29,000 after buying an additional 344 shares during the period. J.Safra Asset Management Corp purchased a new stake in shares of Uber Technologies during the 1st quarter worth $32,000. Finally, MCF Advisors LLC lifted its position in shares of Uber Technologies by 1,038.5% during the 2nd quarter. MCF Advisors LLC now owns 444 shares of the ride-sharing company’s stock worth $32,000 after purchasing an additional 405 shares during the last quarter. Hedge funds and other 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.