Uber Technologies (NYSE:UBER) Downgraded by Daiwa America

Uber Technologies (NYSE:UBER - Get Free Report) was downgraded by analysts at Daiwa America from a "strong-buy" rating to a "hold" rating in a note issued to investors on Thursday, Zacks.com reports.

Several other equities analysts also recently issued reports on UBER. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $90.00 price objective on shares of Uber Technologies in a report on Monday, October 7th. Raymond James assumed coverage on shares of Uber Technologies in a report on Tuesday, September 24th. They set a "strong-buy" rating and a $90.00 price objective on the stock. Wells Fargo & Company reaffirmed an "overweight" rating and set a $97.00 price objective on shares of Uber Technologies in a report on Friday, September 13th. Oppenheimer increased their price objective on shares of Uber Technologies from $90.00 to $95.00 and gave the company an "outperform" rating in a report on Friday, September 27th. Finally, Morgan Stanley increased their price objective on shares of Uber Technologies from $90.00 to $95.00 and gave the company an "overweight" rating in a report on Tuesday, July 23rd. Six analysts have rated the stock with a hold rating, thirty-one have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Uber Technologies presently has an average rating of "Moderate Buy" and a consensus target price of $88.51.

Uber Technologies Stock Performance

NYSE UBER traded down $0.74 during mid-day trading on Thursday, reaching $79.16. 14,178,764 shares of the stock were exchanged, compared to its average volume of 18,045,445. The business's 50 day moving average is $74.09 and its 200-day moving average is $70.70. Uber Technologies has a 1 year low of $40.09 and a 1 year high of $87.00. The company has a market capitalization of $165.41 billion, a P/E ratio of 127.68, a P/E/G ratio of 1.47 and a beta of 1.33. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.21 and a current ratio of 1.21.

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

Insider Activity

In other news, insider Jill Hazelbaker sold 40,000 shares of the firm's stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $72.00, for a total value of $2,880,000.00. Following the completion of the transaction, the insider now owns 127,352 shares of the company's stock, valued at approximately $9,169,344. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 3.84% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in UBER. Commonwealth Equity Services LLC lifted its stake in Uber Technologies by 1.5% in the third quarter. Commonwealth Equity Services LLC now owns 577,915 shares of the ride-sharing company's stock worth $43,436,000 after acquiring an additional 8,704 shares during the last quarter. First Citizens Bank & Trust Co. lifted its stake in Uber Technologies by 16.6% in the third quarter. First Citizens Bank & Trust Co. now owns 10,077 shares of the ride-sharing company's stock worth $757,000 after acquiring an additional 1,438 shares during the last quarter. Blue Trust Inc. lifted its stake in Uber Technologies by 36.0% in the third quarter. Blue Trust Inc. now owns 19,715 shares of the ride-sharing company's stock worth $1,433,000 after acquiring an additional 5,222 shares during the last quarter. Moss Adams Wealth Advisors LLC lifted its stake in Uber Technologies by 9.6% in the third quarter. Moss Adams Wealth Advisors LLC now owns 13,259 shares of the ride-sharing company's stock worth $997,000 after acquiring an additional 1,165 shares during the last quarter. Finally, Generate Investment Management Ltd lifted its stake in Uber Technologies by 170.8% in the third quarter. Generate Investment Management Ltd now owns 267,891 shares of the ride-sharing company's stock worth $20,135,000 after acquiring an additional 168,959 shares during the last quarter. Hedge funds and other institutional investors own 80.24% of the company's stock.

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.