Uber Technologies (NYSE:UBER) Upgraded by Arete Research to “Hold” Rating

Arete Research upgraded shares of Uber Technologies (NYSE:UBER) to a hold rating in a report issued on Tuesday morning,Zacks.com reports.

A number of other equities research analysts also recently commented on the company. Truist Financial decreased their target price on Uber Technologies from $99.00 to $95.00 and set a “buy” rating for the company in a report on Friday, November 1st. Citigroup dropped their price objective on shares of Uber Technologies from $98.00 to $92.00 and set a “buy” rating on the stock in a report on Thursday, February 6th. Needham & Company LLC reiterated a “buy” rating and issued a $90.00 price objective on shares of Uber Technologies in a research note on Wednesday, February 5th. Citizens Jmp downgraded shares of Uber Technologies from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 2nd. Finally, DA Davidson cut their price target on Uber Technologies from $84.00 to $80.00 and set a “buy” rating on the stock in a research report on Thursday, February 6th. Eight analysts have rated the stock with a hold rating, twenty-eight have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $90.91.

Uber Technologies Stock Down 0.4 %

Uber Technologies stock opened at $81.17 on Tuesday. Uber Technologies has a 1-year low of $54.84 and a 1-year high of $87.00. The business has a fifty day moving average price of $67.27 and a 200-day moving average price of $71.04. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.07 and a quick ratio of 1.41. The stock has a market capitalization of $169.57 billion, a price-to-earnings ratio of 17.80, a PEG ratio of 0.89 and a beta of 1.39.

Uber Technologies (NYSE:UBER) last announced its quarterly earnings data on Wednesday, February 5th. The ride-sharing company reported $3.21 earnings per share for the quarter, beating analysts’ consensus estimates of $0.50 by $2.71. Uber Technologies had a net margin of 22.41% and a return on equity of 62.60%. Equities research analysts forecast that Uber Technologies will post 2.54 EPS for the current fiscal year.

Insiders Place Their Bets

In other Uber Technologies news, insider Jill Hazelbaker sold 27,780 shares of the firm’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $72.90, for a total transaction of $2,025,162.00. Following the completion of the sale, the insider now owns 107,289 shares of the company’s stock, valued at $7,821,368.10. This trade represents a 20.57 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 3.84% of the stock is owned by insiders.

Institutional Trading of Uber Technologies

Institutional investors and hedge funds have recently bought and sold shares of the stock. Ascent Wealth Partners LLC acquired a new stake in Uber Technologies in the 3rd quarter valued at approximately $2,087,000. Teachers Retirement System of The State of Kentucky boosted its position in shares of Uber Technologies by 4.4% during the third quarter. Teachers Retirement System of The State of Kentucky now owns 321,726 shares of the ride-sharing company’s stock worth $24,180,000 after buying an additional 13,433 shares during the period. Aviso Wealth Management acquired a new stake in shares of Uber Technologies in the third quarter valued at $2,302,000. Polianta Ltd purchased a new stake in shares of Uber Technologies in the 4th quarter valued at $1,206,000. Finally, Brophy Wealth Management LLC acquired a new position in Uber Technologies during the 3rd quarter worth about $1,041,000. 80.24% of the stock is currently owned by hedge funds and other 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.