Uber Technologies (NYSE:UBER) Given Outperform Rating at Wedbush

Wedbush restated their outperform rating on shares of Uber Technologies (NYSE:UBER) in a research note published on Wednesday, MarketBeat Ratings reports. The firm currently has a $85.00 price target on the ride-sharing company’s stock.

A number of other brokerages have also recently weighed in on UBER. Moffett Nathanson reiterated a buy rating and set a $92.00 price target on shares of Uber Technologies in a research report on Thursday, April 11th. BMO Capital Markets raised their price target on Uber Technologies from $82.00 to $92.00 and gave the stock an outperform rating in a research report on Thursday, February 15th. Royal Bank of Canada reiterated an outperform rating and issued a $85.00 price objective on shares of Uber Technologies in a report on Thursday, February 15th. UBS Group increased their target price on Uber Technologies from $94.00 to $96.00 and gave the stock a buy rating in a research note on Thursday, February 15th. Finally, Jefferies Financial Group lifted their target price 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 research analysts have rated the stock with a hold rating and thirty have assigned a buy rating to the company. According to data from MarketBeat, Uber Technologies has a consensus rating of Moderate Buy and an average price target of $83.44.

Uber Technologies Price Performance

Shares of Uber Technologies stock traded up $1.53 during mid-day trading on Wednesday, reaching $67.93. 27,956,039 shares of the stock traded hands, compared to its average volume of 20,634,590. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.79. The business has a 50-day moving average of $74.80 and a 200 day moving average of $65.83. The stock has a market capitalization of $141.39 billion, a PE ratio of 78.98, a PEG ratio of 1.09 and a beta of 1.39. Uber Technologies has a fifty-two week low of $37.07 and a fifty-two week high of $82.14.

Uber Technologies (NYSE:UBER) last released its earnings results on Wednesday, May 8th. The ride-sharing company reported ($0.32) earnings per share for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.53). The business had revenue of $10.13 billion during the quarter, compared to analysts’ expectations of $10.09 billion. Uber Technologies had a return on equity of 18.95% and a net margin of 5.06%. The company’s revenue for the quarter was up 14.8% compared to the same quarter last year. During the same period last year, the business earned ($0.08) earnings per share. On average, analysts predict that Uber Technologies will post 1.23 EPS for the current year.

Insider Transactions at Uber Technologies

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

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. Covenant Asset Management LLC increased its position in Uber Technologies by 0.3% during the first quarter. Covenant Asset Management LLC now owns 52,971 shares of the ride-sharing company’s stock worth $4,078,000 after buying an additional 157 shares in the last quarter. Hilltop Holdings Inc. raised its stake in Uber Technologies by 2.9% in the 4th quarter. Hilltop Holdings Inc. now owns 5,634 shares of the ride-sharing company’s stock valued at $347,000 after purchasing an additional 157 shares during the last quarter. Sivia Capital Partners LLC lifted its holdings in Uber Technologies by 3.3% in the 1st quarter. Sivia Capital Partners LLC now owns 4,882 shares of the ride-sharing company’s stock valued at $376,000 after purchasing an additional 157 shares in the last quarter. Wellington Shields Capital Management LLC boosted its stake in shares of Uber Technologies by 6.1% during the 1st quarter. Wellington Shields Capital Management LLC now owns 2,756 shares of the ride-sharing company’s stock worth $212,000 after purchasing an additional 159 shares during the last quarter. Finally, Drive Wealth Management LLC grew its holdings in shares of Uber Technologies by 3.6% during the fourth quarter. Drive Wealth Management LLC now owns 4,691 shares of the ride-sharing company’s stock worth $289,000 after buying an additional 163 shares in the last quarter. Hedge funds and other 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.