Uber Technologies (NYSE:UBER) Receives "Overweight" Rating from Cantor Fitzgerald

Uber Technologies (NYSE:UBER - Get Free Report)'s stock had its "overweight" rating reiterated by stock analysts at Cantor Fitzgerald in a report released on Wednesday,Benzinga reports. They presently have a $80.00 target price on the ride-sharing company's stock. Cantor Fitzgerald's price target points to a potential upside of 6.27% from the company's current price. Cantor Fitzgerald also issued estimates for Uber Technologies' FY2025 earnings at $2.25 EPS.

A number of other analysts have also commented on UBER. Benchmark reaffirmed a "hold" rating on shares of Uber Technologies in a research report on Friday, January 31st. The Goldman Sachs Group reaffirmed a "buy" rating and set a $96.00 target price on shares of Uber Technologies in a research report on Thursday, January 2nd. Arete Research upgraded shares of Uber Technologies to a "hold" rating in a research note on Tuesday, February 18th. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $82.00 price objective on shares of Uber Technologies in a research note on Thursday, February 6th. Finally, Fox Advisors lowered shares of Uber Technologies from an "overweight" rating to an "equal weight" rating in a report on Tuesday, March 11th. Ten analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $89.81.

Uber Technologies Trading Up 3.0 %

Shares of NYSE:UBER traded up $2.22 during mid-day trading on Wednesday, reaching $75.28. 21,882,922 shares of the company's stock were exchanged, compared to its average volume of 20,359,563. The firm has a market capitalization of $157.47 billion, a price-to-earnings ratio of 16.51, a PEG ratio of 0.89 and a beta of 1.37. Uber Technologies has a twelve month low of $54.84 and a twelve month high of $87.00. The business's fifty day moving average price is $74.06 and its 200-day moving average price is $71.46. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.41 and a current ratio of 1.07.

Uber Technologies (NYSE:UBER - Get Free Report) last issued its quarterly earnings data on Wednesday, February 5th. The ride-sharing company reported $3.21 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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, research analysts predict that Uber Technologies will post 2.54 EPS for the current fiscal year.

Insider Activity

In related news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of Uber Technologies stock in a transaction on Thursday, March 20th. The shares were sold at an average price of $75.00, for a total value of $206,250.00. Following the transaction, the chief financial officer now owns 22,162 shares in the company, valued at $1,662,150. This trade represents a 11.04 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Jill Hazelbaker sold 31,000 shares of the business's stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $81.02, for a total value of $2,511,620.00. Following the completion of the sale, the insider now directly owns 86,973 shares of the company's stock, valued at approximately $7,046,552.46. This trade represents a 26.28 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 77,154 shares of company stock worth $5,793,869. 3.84% of the stock is currently owned by corporate insiders.

Institutional Trading of Uber Technologies

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Avion Wealth grew its holdings in 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 acquiring an additional 218 shares during the last quarter. Transce3nd LLC purchased a new position in Uber Technologies during the 4th quarter valued at about $27,000. Fourth Dimension Wealth LLC bought a new position in Uber Technologies during the 4th quarter valued at approximately $27,000. Kozak & Associates Inc. raised its position in Uber Technologies by 155.9% during the 1st quarter. Kozak & Associates Inc. now owns 366 shares of the ride-sharing company's stock valued at $27,000 after purchasing an additional 223 shares during the last quarter. Finally, Noble Wealth Management PBC purchased a new stake in Uber Technologies in the 1st quarter worth approximately $27,000. 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.