Uber Technologies’ (UBER) “Outperform” Rating Reiterated at Wedbush

Wedbush reissued their outperform rating on shares of Uber Technologies (NYSE:UBER) in a research report sent to investors on Wednesday morning, Marketbeat Ratings reports. The brokerage currently has a $85.00 price objective on the ride-sharing company’s stock.

Several other research firms also recently weighed in on UBER. Citigroup lifted their price target on shares of Uber Technologies from $83.00 to $91.00 and gave the company a buy rating in a research note on Friday, February 16th. Roth Mkm boosted their price objective on Uber Technologies from $72.00 to $79.00 and gave the stock a buy rating in a research report on Thursday, February 8th. Argus lifted their price objective on Uber Technologies from $69.00 to $95.00 and gave the stock a buy rating in a report on Monday, March 4th. JPMorgan Chase & Co. lifted their price objective on shares of Uber Technologies from $84.00 to $95.00 and gave the company an overweight rating in a research note on Thursday, February 15th. Finally, Jefferies Financial Group lifted their price target on Uber Technologies from $95.00 to $100.00 and gave the company a buy rating in a research report on Friday, April 5th. Two analysts have rated the stock with a hold rating and thirty have issued a buy rating to the company’s stock. According to data from MarketBeat, Uber Technologies presently has a consensus rating of Moderate Buy and a consensus price target of $83.44.

Uber Technologies Trading Up 2.3 %

Shares of NYSE:UBER traded up $1.53 during trading on Wednesday, reaching $67.93. The stock had a trading volume of 27,956,039 shares, compared to its average volume of 20,634,590. Uber Technologies has a 52 week low of $37.07 and a 52 week high of $82.14. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.19 and a current ratio of 1.19. The firm’s fifty day moving average is $74.80 and its 200 day moving average is $65.83. The stock has a market cap of $141.39 billion, a price-to-earnings ratio of 78.98, a P/E/G ratio of 1.09 and a beta of 1.39.

Uber Technologies (NYSE:UBER) last issued its quarterly earnings results on Wednesday, May 8th. The ride-sharing company reported ($0.32) EPS for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.53). Uber Technologies had a net margin of 5.06% and a return on equity of 18.95%. The firm had revenue of $10.13 billion for the quarter, compared to the consensus estimate of $10.09 billion. During the same period last year, the company posted ($0.08) EPS. The business’s revenue was up 14.8% compared to the same quarter last year. As a group, equities analysts forecast that Uber Technologies will post 1.23 EPS for the current fiscal year.

Insider Transactions at Uber Technologies

In other Uber Technologies news, insider Tony West sold 18,750 shares of the stock in a transaction on Monday, February 12th. The shares were sold at an average price of $70.08, for a total transaction of $1,314,000.00. Following the completion of the sale, the insider now owns 185,566 shares of the company’s stock, valued at approximately $13,004,465.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, insider Jill Hazelbaker sold 20,000 shares of the firm’s stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $77.83, for a total value of $1,556,600.00. Following the completion of the sale, the insider now owns 107,290 shares of the company’s stock, valued at $8,350,380.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Tony West sold 18,750 shares of the business’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $70.08, for a total transaction of $1,314,000.00. Following the transaction, the insider now directly owns 185,566 shares in the company, valued at $13,004,465.28. The disclosure for this sale can be found here. Company insiders own 3.80% of the company’s stock.

Institutional Investors Weigh In On Uber Technologies

A number of large investors have recently modified their holdings of UBER. Vanguard Group Inc. raised its holdings in Uber Technologies by 34.8% in the fourth quarter. Vanguard Group Inc. now owns 167,629,367 shares of the ride-sharing company’s stock worth $10,320,940,000 after purchasing an additional 43,275,830 shares in the last quarter. Capital World Investors increased its position in Uber Technologies by 0.7% during the 4th quarter. Capital World Investors now owns 40,610,127 shares of the ride-sharing company’s stock valued at $2,500,366,000 after buying an additional 283,802 shares in the last quarter. Capital Research Global Investors raised its stake in Uber Technologies by 28.4% during the fourth quarter. Capital Research Global Investors now owns 36,928,116 shares of the ride-sharing company’s stock valued at $2,273,669,000 after buying an additional 8,164,816 shares during the last quarter. Norges Bank bought a new stake in Uber Technologies in the fourth quarter worth $1,415,778,000. Finally, Brown Advisory Inc. grew its stake in shares of Uber Technologies by 14.7% in the fourth quarter. Brown Advisory Inc. now owns 17,991,630 shares of the ride-sharing company’s stock worth $1,107,745,000 after acquiring an additional 2,307,763 shares during 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.