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

Shares of Uber Technologies, Inc. (NYSE:UBER - Get Free Report) have earned a consensus recommendation of "Moderate Buy" from the thirty-eight analysts that are presently covering the stock, Marketbeat reports. Six equities research analysts have rated the stock with a hold recommendation, thirty-one have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $88.51.

Several research firms have issued reports on UBER. Melius Research began coverage on Uber Technologies in a research note on Monday, July 22nd. They set a "hold" rating and a $77.00 target price for the company. Loop Capital raised their target price on Uber Technologies from $83.00 to $84.00 and gave the stock a "buy" rating in a research note on Tuesday, September 3rd. Piper Sandler raised their target price on Uber Technologies from $86.00 to $88.00 and gave the stock an "overweight" rating in a research note on Tuesday, June 25th. Oppenheimer raised their target price on Uber Technologies from $90.00 to $95.00 and gave the stock an "outperform" rating in a research note on Friday, September 27th. Finally, Wolfe Research started coverage on Uber Technologies in a research note on Tuesday, July 16th. They set an "outperform" rating and a $90.00 target price for the company.

Insider Activity

In other news, insider Jill Hazelbaker sold 40,000 shares of the business's stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $72.00, for a total value of $2,880,000.00. Following the completion of the sale, the insider now directly owns 127,352 shares of the company's stock, valued at approximately $9,169,344. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 3.84% of the company's stock.

Hedge Funds Weigh In On Uber Technologies

Several institutional investors have recently added to or reduced their stakes in the stock. Price T Rowe Associates Inc. MD increased its position in Uber Technologies by 37.8% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 36,425,981 shares of the ride-sharing company's stock worth $2,804,437,000 after purchasing an additional 9,996,508 shares during the period. GQG Partners LLC increased its position in Uber Technologies by 74.1% during the 1st quarter. GQG Partners LLC now owns 22,423,451 shares of the ride-sharing company's stock worth $1,726,381,000 after purchasing an additional 9,541,366 shares during the period. Allen Investment Management LLC increased its position in Uber Technologies by 2,956.5% during the 1st quarter. Allen Investment Management LLC now owns 5,338,291 shares of the ride-sharing company's stock worth $410,995,000 after purchasing an additional 5,163,635 shares during the period. Vanguard Group Inc. increased its position in Uber Technologies by 2.2% during the 1st quarter. Vanguard Group Inc. now owns 171,253,318 shares of the ride-sharing company's stock worth $13,184,793,000 after purchasing an additional 3,623,951 shares during the period. Finally, Ameriprise Financial Inc. increased its position in Uber Technologies by 36.5% during the 2nd quarter. Ameriprise Financial Inc. now owns 11,893,429 shares of the ride-sharing company's stock worth $864,390,000 after purchasing an additional 3,179,308 shares during the period. Institutional investors and hedge funds own 80.24% of the company's stock.

Uber Technologies Trading Down 0.9 %

Uber Technologies stock traded down $0.74 during trading on Friday, reaching $79.16. 14,178,764 shares of the company were exchanged, compared to its average volume of 18,045,445. Uber Technologies has a 52-week low of $40.09 and a 52-week high of $87.00. The company has a market capitalization of $165.41 billion, a P/E ratio of 127.68, a PEG ratio of 1.47 and a beta of 1.33. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.21 and a quick ratio of 1.21. The stock's 50 day simple moving average is $74.30 and its two-hundred day simple moving average is $70.72.

Uber Technologies (NYSE:UBER - Get Free Report) last announced its quarterly earnings data on Tuesday, August 6th. The ride-sharing company reported $0.47 EPS for the quarter, topping analysts' consensus estimates of $0.31 by $0.16. The firm had revenue of $10.70 billion for the quarter, compared to the consensus estimate of $10.57 billion. Uber Technologies had a return on equity of 17.06% and a net margin of 5.02%. The firm's revenue was up 15.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.18 earnings per share. On average, equities research analysts expect that Uber Technologies will post 1.08 earnings per share for the current fiscal year.

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.