Uber Technologies (NYSE:UBER) Upgraded at Arete Research

Arete Research upgraded shares of Uber Technologies (NYSE:UBER - Free Report) to a hold rating in a research report sent to investors on Tuesday morning,Zacks.com reports.

A number of other research firms also recently commented on UBER. Jefferies Financial Group raised their target price on Uber Technologies from $100.00 to $105.00 and gave the company a "buy" rating in a report on Tuesday, October 22nd. Wolfe Research lifted their price objective on Uber Technologies from $90.00 to $92.00 and gave the stock an "outperform" rating in a research report on Friday, January 3rd. JMP Securities reissued a "market perform" rating on shares of Uber Technologies in a research note on Thursday, February 6th. JPMorgan Chase & Co. reduced their price objective on Uber Technologies from $95.00 to $90.00 and set an "overweight" rating on the stock in a research note on Thursday, February 6th. Finally, The Goldman Sachs Group reissued a "buy" rating and set a $96.00 price target on shares of Uber Technologies in a research report on Thursday, January 2nd. Eight investment analysts have rated the stock with a hold rating, twenty-eight have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $90.91.

Uber Technologies Stock Down 2.9 %

Uber Technologies stock traded down $2.38 during mid-day trading on Tuesday, hitting $78.89. The company had a trading volume of 21,541,132 shares, compared to its average volume of 28,699,561. The stock 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 1 year low of $54.84 and a 1 year high of $87.00. The company has a quick ratio of 1.41, a current ratio of 1.07 and a debt-to-equity ratio of 0.37. The business has a fifty day moving average of $67.67 and a 200 day moving average of $71.11.

Uber Technologies (NYSE:UBER - Get Free Report) last posted its quarterly earnings data on Wednesday, February 5th. The ride-sharing company reported $3.21 earnings per share for the quarter, beating the consensus estimate of $0.50 by $2.71. Uber Technologies had a return on equity of 62.60% and a net margin of 22.41%. On average, sell-side analysts expect that Uber Technologies will post 2.54 earnings per share for the current fiscal year.

Insider Transactions at Uber Technologies

In other news, insider Jill Hazelbaker sold 31,000 shares of the company's stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $81.02, for a total transaction of $2,511,620.00. Following the completion of the sale, the insider now owns 86,973 shares in the company, valued at approximately $7,046,552.46. This represents a 26.28 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 3.84% of the stock is currently owned by corporate insiders.

Institutional Trading of Uber Technologies

Several hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its stake in Uber Technologies by 1.3% during the 4th quarter. Vanguard Group Inc. now owns 180,766,683 shares of the ride-sharing company's stock valued at $10,903,846,000 after purchasing an additional 2,364,525 shares during the period. Capital Research Global Investors increased its holdings in Uber Technologies by 79.0% during the 4th quarter. Capital Research Global Investors now owns 118,131,681 shares of the ride-sharing company's stock valued at $7,125,728,000 after purchasing an additional 52,125,476 shares in the last quarter. Geode Capital Management LLC increased its holdings in Uber Technologies by 2.5% during the 4th quarter. Geode Capital Management LLC now owns 43,561,447 shares of the ride-sharing company's stock valued at $2,621,929,000 after purchasing an additional 1,061,088 shares in the last quarter. Capital World Investors increased its holdings in Uber Technologies by 10.1% during the 4th quarter. Capital World Investors now owns 30,355,075 shares of the ride-sharing company's stock valued at $1,831,021,000 after purchasing an additional 2,792,039 shares in the last quarter. Finally, Edgewood Management LLC increased its holdings in Uber Technologies by 10.5% during the 3rd quarter. Edgewood Management LLC now owns 27,552,060 shares of the ride-sharing company's stock valued at $2,070,813,000 after purchasing an additional 2,627,768 shares in the last quarter. Institutional investors own 80.24% of the company's stock.

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.