Uber Technologies, Inc. (NYSE:UBER) Given Consensus Recommendation of "Moderate Buy" by Brokerages

Shares of Uber Technologies, Inc. (NYSE:UBER - Get Free Report) have earned a consensus recommendation of "Moderate Buy" from the thirty-six ratings firms that are presently covering the firm, MarketBeat Ratings reports. Eight research analysts have rated the stock with a hold rating, twenty-seven have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1-year target price among analysts that have covered the stock in the last year is $90.94.

Several analysts have issued reports on UBER shares. Royal Bank of Canada reissued an "outperform" rating and set a $82.00 target price on shares of Uber Technologies in a research note on Thursday, February 6th. Arete Research raised Uber Technologies to a "hold" rating in a research report on Tuesday. Citigroup decreased their price objective on Uber Technologies from $98.00 to $92.00 and set a "buy" rating for the company in a research report on Thursday, February 6th. Loop Capital upped their target price on Uber Technologies from $84.00 to $86.00 and gave the company a "buy" rating in a report on Wednesday, November 6th. Finally, Evercore ISI decreased their price target on shares of Uber Technologies from $120.00 to $115.00 and set an "outperform" rating for the company in a report on Thursday, February 6th.

Uber Technologies Trading Down 2.9 %

UBER traded down $2.38 during trading on Thursday, reaching $78.89. The company had a trading volume of 21,758,503 shares, compared to its average volume of 29,878,736. The firm's 50-day simple moving average is $67.67 and its 200 day simple moving average is $71.11. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.41 and a current ratio of 1.07. The company has a market cap of $164.79 billion, a price-to-earnings ratio of 17.30, a PEG ratio of 0.89 and a beta of 1.39. Uber Technologies has a 12-month low of $54.84 and a 12-month high of $87.00.

Uber Technologies (NYSE:UBER - Get Free Report) last released its earnings results on Wednesday, February 5th. The ride-sharing company reported $3.21 earnings per share for the quarter, topping the consensus estimate of $0.50 by $2.71. Uber Technologies had a net margin of 22.41% and a return on equity of 62.60%. Equities research analysts anticipate that Uber Technologies will post 2.54 earnings per share for the current year.

Insider Activity at Uber Technologies

In related news, insider Jill Hazelbaker sold 27,780 shares of the stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $72.90, for a total value of $2,025,162.00. Following the completion of the sale, the insider now owns 107,289 shares in the company, valued at approximately $7,821,368.10. This trade represents a 20.57 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 3.84% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Uber Technologies

Several institutional investors and hedge funds have recently bought and sold shares of UBER. Fourth Dimension Wealth LLC acquired a new position in Uber Technologies during the fourth quarter worth $27,000. Avion Wealth grew its holdings in shares of Uber Technologies by 96.0% in the 4th quarter. Avion Wealth now owns 445 shares of the ride-sharing company's stock worth $26,000 after purchasing an additional 218 shares during the last quarter. Transce3nd LLC acquired a new stake in shares of Uber Technologies during the 4th quarter worth about $27,000. Runnymede Capital Advisors Inc. bought a new position in Uber Technologies during the 4th quarter valued at about $28,000. Finally, GHP Investment Advisors Inc. boosted its position in Uber Technologies by 85.1% in the fourth quarter. GHP Investment Advisors Inc. now owns 485 shares of the ride-sharing company's stock valued at $29,000 after buying an additional 223 shares in the last quarter. 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.