Uber Technologies (NYSE:UBER) Given "Overweight" Rating at Cantor Fitzgerald

Cantor Fitzgerald restated their overweight rating on shares of Uber Technologies (NYSE:UBER - Free Report) in a report published on Monday, Benzinga reports. They currently have a $90.00 target price on the ride-sharing company's stock.

Other analysts have also issued reports about the company. Citigroup boosted their price objective on Uber Technologies from $96.00 to $98.00 and gave the company a buy rating in a report on Wednesday, August 7th. Roth Mkm upped their price target on Uber Technologies from $89.00 to $90.00 and gave the company a buy rating in a research report on Wednesday, August 7th. TD Cowen lifted their price objective on shares of Uber Technologies from $88.00 to $90.00 and gave the stock a buy rating in a report on Tuesday, July 23rd. Wells Fargo & Company reissued an overweight rating and set a $97.00 target price on shares of Uber Technologies in a report on Friday, September 13th. Finally, Raymond James started coverage on shares of Uber Technologies in a report on Tuesday, September 24th. They issued a strong-buy rating and a $90.00 price target for the company. Four equities research analysts have rated the stock with a hold rating, thirty-one have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of Moderate Buy and a consensus target price of $88.11.

Uber Technologies Stock Up 0.4 %

NYSE:UBER traded up $0.31 on Monday, reaching $74.59. The stock had a trading volume of 15,319,603 shares, compared to its average volume of 17,897,643. Uber Technologies has a 12-month low of $40.09 and a 12-month high of $82.14. The stock has a market cap of $155.86 billion, a P/E ratio of 120.31, a price-to-earnings-growth ratio of 1.32 and a beta of 1.33. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.72. The company has a 50-day moving average of $71.23 and a 200 day moving average of $70.44.

Uber Technologies (NYSE:UBER - Get Free Report) last issued its quarterly earnings data on Tuesday, August 6th. The ride-sharing company reported $0.47 earnings per share for the quarter, beating analysts' consensus estimates of $0.31 by $0.16. Uber Technologies had a return on equity of 17.06% and a net margin of 5.02%. The firm had revenue of $10.70 billion during the quarter, compared to analyst estimates of $10.57 billion. During the same quarter last year, the firm earned $0.18 EPS. Uber Technologies's quarterly revenue was up 15.9% on a year-over-year basis. On average, research analysts predict that Uber Technologies will post 1.04 earnings per share for the current year.

Insider Buying and Selling

In other Uber Technologies news, insider Jill Hazelbaker sold 40,000 shares of the company's stock in a transaction dated 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 sale, the insider now directly owns 127,352 shares of the company's stock, valued at approximately $9,169,344. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CEO Dara Khosrowshahi sold 500,000 shares of Uber Technologies stock in a transaction on Monday, July 15th. The stock was sold at an average price of $71.91, for a total value of $35,955,000.00. Following the transaction, the chief executive officer now directly owns 1,266,114 shares in the company, valued at $91,046,257.74. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Jill Hazelbaker sold 40,000 shares of the company's stock in a transaction 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 sale, the insider now directly owns 127,352 shares of the company's stock, valued at approximately $9,169,344. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.84% of the stock is owned by corporate insiders.

Institutional Trading of Uber Technologies

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. increased its position in shares of Uber Technologies by 2.2% in the first quarter. Vanguard Group Inc. now owns 171,253,318 shares of the ride-sharing company's stock worth $13,184,793,000 after acquiring an additional 3,623,951 shares in the last quarter. Capital Research Global Investors grew its position in Uber Technologies by 8.2% during the 1st quarter. Capital Research Global Investors now owns 39,947,547 shares of the ride-sharing company's stock worth $3,075,562,000 after purchasing an additional 3,019,431 shares in the last quarter. Price T Rowe Associates Inc. MD grew 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 in the last quarter. GQG Partners LLC raised its stake 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 valued at $1,726,381,000 after purchasing an additional 9,541,366 shares during the period. Finally, Legal & General Group Plc boosted its position in shares of Uber Technologies by 1.6% in the second quarter. Legal & General Group Plc now owns 15,238,477 shares of the ride-sharing company's stock worth $1,107,529,000 after buying an additional 237,976 shares during the period. Institutional investors and hedge funds 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.