Cantor Fitzgerald Reaffirms "Overweight" Rating for Uber Technologies (NYSE:UBER)

Uber Technologies (NYSE:UBER - Get Free Report)'s stock had its "overweight" rating restated by research analysts at Cantor Fitzgerald in a research note issued on Wednesday,Benzinga reports. They presently have a $90.00 target price on the ride-sharing company's stock. Cantor Fitzgerald's price objective would suggest a potential upside of 46.99% from the company's previous close.

Other equities research analysts also recently issued research reports about the company. JMP Securities reiterated a "market outperform" rating and issued a $95.00 price objective on shares of Uber Technologies in a report on Wednesday, December 4th. Raymond James started coverage on shares of Uber Technologies in a research note on Tuesday, September 24th. They set a "strong-buy" rating and a $90.00 price objective on the stock. Daiwa America downgraded shares of Uber Technologies from a "strong-buy" rating to a "hold" rating in a research note on Thursday, October 17th. Benchmark reiterated a "hold" rating on shares of Uber Technologies in a report on Friday, November 1st. Finally, KeyCorp decreased their price target on shares of Uber Technologies from $90.00 to $85.00 and set an "overweight" rating for the company in a report on Friday, November 1st. Six investment analysts have rated the stock with a hold rating, thirty-two have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $90.51.

Uber Technologies Price Performance

NYSE UBER traded up $0.20 on Wednesday, hitting $61.23. 46,653,875 shares of the company were exchanged, compared to its average volume of 19,274,344. Uber Technologies has a 1-year low of $54.84 and a 1-year high of $87.00. The firm has a 50 day moving average of $72.95 and a two-hundred day moving average of $71.37. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.70. The company has a market cap of $128.93 billion, a P/E ratio of 30.46, a P/E/G ratio of 0.75 and a beta of 1.33.

Uber Technologies (NYSE:UBER - Get Free Report) last released its quarterly earnings results on Thursday, October 31st. The ride-sharing company reported $1.20 EPS for the quarter, beating the consensus estimate of $0.41 by $0.79. Uber Technologies had a net margin of 10.49% and a return on equity of 33.46%. The business had revenue of $11.19 billion for the quarter, compared to analysts' expectations of $10.99 billion. During the same period in the prior year, the firm earned $0.10 earnings per share. Uber Technologies's revenue was up 20.4% compared to the same quarter last year. On average, equities analysts predict that Uber Technologies will post 1.89 EPS for the current year.

Insider Buying and Selling at Uber Technologies

In other Uber Technologies news, insider Jill Hazelbaker sold 27,780 shares of Uber Technologies stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $72.90, for a total value of $2,025,162.00. Following the transaction, the insider now owns 107,289 shares in the company, valued at $7,821,368.10. The trade was a 20.57 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 3.80% of the company's stock.

Institutional Investors Weigh In On Uber Technologies

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Ameriprise Financial Inc. lifted its holdings in shares of Uber Technologies by 36.5% during the second 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. Edgewood Management LLC increased its stake in shares of Uber Technologies by 10.5% in the third quarter. Edgewood Management LLC now owns 27,552,060 shares of the ride-sharing company's stock valued at $2,070,813,000 after buying an additional 2,627,768 shares during the period. AMF Tjanstepension AB acquired a new stake in shares of Uber Technologies in the third quarter valued at about $163,468,000. Janus Henderson Group PLC lifted its stake in shares of Uber Technologies by 18.3% in the third quarter. Janus Henderson Group PLC now owns 13,286,812 shares of the ride-sharing company's stock worth $998,767,000 after acquiring an additional 2,056,273 shares during the period. Finally, Samlyn Capital LLC bought a new stake in Uber Technologies in the second quarter valued at approximately $134,987,000. 80.24% of the stock is owned by institutional investors.

Uber Technologies Company Profile

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.