Uber Technologies (NYSE:UBER) Lowered to Hold Rating by Citizens Jmp

Citizens Jmp cut shares of Uber Technologies (NYSE:UBER) from a strong-buy rating to a hold rating in a report released on Thursday,Zacks.com reports.

A number of other equities analysts also recently weighed in on UBER. The Goldman Sachs Group reissued a “buy” rating and set a $96.00 target price on shares of Uber Technologies in a research note on Thursday. Wells Fargo & Company dropped their price objective on Uber Technologies from $97.00 to $90.00 and set an “overweight” rating on the stock in a research note on Friday, November 1st. Gordon Haskett raised Uber Technologies from a “hold” rating to a “buy” rating and set a $85.00 target price for the company in a research note on Thursday, October 31st. DA Davidson boosted their price target on Uber Technologies from $82.00 to $84.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. Finally, Raymond James initiated coverage on shares of Uber Technologies in a research report on Tuesday, September 24th. They set a “strong-buy” rating and a $90.00 price objective for the company. Seven equities research analysts have rated the stock with a hold rating, thirty-one have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Uber Technologies has an average rating of “Moderate Buy” and an average price target of $91.53.

Uber Technologies Stock Up 2.2 %

Shares of UBER opened at $64.59 on Thursday. The stock’s 50-day moving average price is $67.98 and its two-hundred day moving average price is $70.69. Uber Technologies has a 12 month low of $54.84 and a 12 month high of $87.00. The company has a market capitalization of $136.01 billion, a PE ratio of 32.13, a PEG ratio of 0.75 and a beta of 1.33. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.70.

Uber Technologies (NYSE:UBER) last posted its quarterly earnings data on Thursday, October 31st. The ride-sharing company reported $1.20 EPS for the quarter, topping analysts’ consensus estimates of $0.41 by $0.79. The company had revenue of $11.19 billion for the quarter, compared to analyst estimates of $10.99 billion. Uber Technologies had a return on equity of 33.46% and a net margin of 10.49%. The firm’s quarterly revenue was up 20.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.10 earnings per share. On average, analysts anticipate that Uber Technologies will post 1.89 EPS for the current year.

Insider Transactions at Uber Technologies

In related news, insider Jill Hazelbaker sold 27,780 shares of the company’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $72.90, for a total transaction of $2,025,162.00. Following the sale, the insider now directly owns 107,289 shares in the company, valued at approximately $7,821,368.10. This represents a 20.57 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 3.84% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Uber Technologies

A number of large investors have recently modified their holdings of the company. GHP Investment Advisors Inc. grew its position in Uber Technologies by 222.7% in the second quarter. GHP Investment Advisors Inc. now owns 355 shares of the ride-sharing company’s stock worth $26,000 after acquiring an additional 245 shares in the last quarter. MCF Advisors LLC boosted its holdings in shares of Uber Technologies by 1,038.5% in the 2nd quarter. MCF Advisors LLC now owns 444 shares of the ride-sharing company’s stock worth $32,000 after purchasing an additional 405 shares in the last quarter. Fairfield Financial Advisors LTD bought a new position in shares of Uber Technologies during the 2nd quarter valued at about $36,000. Financial Management Professionals Inc. raised its holdings in shares of Uber Technologies by 104.1% during the 3rd quarter. Financial Management Professionals Inc. now owns 494 shares of the ride-sharing company’s stock valued at $37,000 after buying an additional 252 shares in the last quarter. Finally, Transcendent Capital Group LLC lifted its position in Uber Technologies by 3,928.6% in the 3rd quarter. Transcendent Capital Group LLC now owns 564 shares of the ride-sharing company’s stock worth $42,000 after buying an additional 550 shares during the last quarter. 80.24% of the stock is currently owned by institutional investors.

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.