Uber Technologies (NYSE:UBER) Given "Buy" Rating at DA Davidson

Uber Technologies (NYSE:UBER - Get Free Report)'s stock had its "buy" rating reissued by DA Davidson in a research note issued on Thursday, Benzinga reports. They currently have a $82.00 target price on the ride-sharing company's stock. DA Davidson's price objective would indicate a potential upside of 2.63% from the stock's previous close.

Other analysts have also recently issued research reports about the stock. Wells Fargo & Company reiterated an "overweight" rating and set a $97.00 target price on shares of Uber Technologies in a research report on Friday, September 13th. Morgan Stanley upped their price objective on shares of Uber Technologies from $90.00 to $95.00 and gave the company an "overweight" rating in a research report on Tuesday, July 23rd. Loop Capital upped their price objective on shares of Uber Technologies from $83.00 to $84.00 and gave the company a "buy" rating in a research report on Tuesday, September 3rd. Wolfe Research began coverage on shares of Uber Technologies in a research report on Tuesday, July 16th. They issued an "outperform" rating and a $90.00 price objective for the company. Finally, JMP Securities upped their price objective on shares of Uber Technologies from $75.00 to $80.00 and gave the company a "market outperform" rating in a research report on Wednesday, August 7th. Five 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 company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $88.00.

Uber Technologies Trading Down 2.4 %

NYSE:UBER traded down $2.00 during trading hours on Thursday, hitting $79.90. 27,364,207 shares of the stock were exchanged, compared to its average volume of 18,064,568. The company's 50 day moving average is $73.87 and its two-hundred day moving average is $70.63. Uber Technologies has a twelve month low of $40.09 and a twelve month high of $87.00. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.72. The company has a market capitalization of $167.87 billion, a P/E ratio of 87.80, a price-to-earnings-growth ratio of 1.47 and a beta of 1.33.

Uber Technologies (NYSE:UBER - Get Free Report) last posted its quarterly earnings data 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. 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 business's revenue for the quarter was up 15.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.18 EPS. On average, sell-side analysts anticipate that Uber Technologies will post 1.08 earnings per share for the current fiscal year.

Insider Activity at Uber Technologies

In related news, insider Jill Hazelbaker sold 40,000 shares of the firm'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 in the company, valued at approximately $9,169,344. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 3.80% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Procyon Advisors LLC increased its holdings in shares of Uber Technologies by 2.1% during the third quarter. Procyon Advisors LLC now owns 6,326 shares of the ride-sharing company's stock worth $476,000 after purchasing an additional 131 shares during the period. Wealthspire Advisors LLC increased its stake in Uber Technologies by 0.6% in the second quarter. Wealthspire Advisors LLC now owns 24,893 shares of the ride-sharing company's stock valued at $1,809,000 after acquiring an additional 151 shares during the last quarter. Sivia Capital Partners LLC increased its stake in Uber Technologies by 3.3% in the first quarter. Sivia Capital Partners LLC now owns 4,882 shares of the ride-sharing company's stock valued at $376,000 after acquiring an additional 157 shares during the last quarter. Wellington Shields Capital Management LLC boosted its position in Uber Technologies by 6.1% in the first quarter. Wellington Shields Capital Management LLC now owns 2,756 shares of the ride-sharing company's stock valued at $212,000 after buying an additional 159 shares in the last quarter. Finally, Industrial Alliance Investment Management Inc. boosted its position in Uber Technologies by 3.2% in the first quarter. Industrial Alliance Investment Management Inc. now owns 5,170 shares of the ride-sharing company's stock valued at $398,000 after buying an additional 160 shares in the last quarter. 80.24% of the stock is owned by institutional investors.

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.