Arete Research Upgrades Uber Technologies (NYSE:UBER) to “Hold”

Uber Technologies (NYSE:UBER) was upgraded by equities research analysts at Arete Research to a “hold” rating in a research note issued to investors on Tuesday,Zacks.com reports.

UBER has been the subject of several other reports. Tigress Financial raised their target price on Uber Technologies from $96.00 to $103.00 and gave the stock a “buy” rating in a research report on Monday, November 25th. Wells Fargo & Company reduced their price objective on shares of Uber Technologies from $90.00 to $87.00 and set an “overweight” rating for the company in a report on Thursday, February 6th. Needham & Company LLC reissued a “buy” rating and issued a $90.00 target price on shares of Uber Technologies in a research note on Wednesday, February 5th. KeyCorp dropped their price target on shares of Uber Technologies from $90.00 to $85.00 and set an “overweight” rating for the company in a research report on Friday, November 1st. Finally, Bank of America lifted their price objective on Uber Technologies from $88.00 to $96.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. Eight equities research analysts have rated the stock with a hold rating, twenty-eight have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $90.91.

Uber Technologies Stock Performance

NYSE:UBER opened at $81.17 on Tuesday. The firm has a market capitalization of $169.57 billion, a PE ratio of 17.80, a PEG ratio of 0.89 and a beta of 1.39. Uber Technologies has a 1 year low of $54.84 and a 1 year high of $87.00. The company has a current ratio of 1.07, a quick ratio of 1.41 and a debt-to-equity ratio of 0.37. The firm’s fifty day simple moving average is $67.27 and its 200 day simple moving average is $71.04.

Uber Technologies (NYSE:UBER) last issued its quarterly earnings results on Wednesday, February 5th. The ride-sharing company reported $3.21 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, sell-side analysts anticipate that Uber Technologies will post 2.54 EPS for the current year.

Insider Buying and Selling

In related news, insider Jill Hazelbaker sold 31,000 shares of Uber Technologies stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $81.02, for a total transaction 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 $7,046,552.46. The trade was a 26.28 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 3.84% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Uber Technologies

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. AMF Tjanstepension AB acquired a new position in Uber Technologies during the third quarter valued at approximately $163,468,000. Whittier Trust Co. of Nevada Inc. increased its position in shares of Uber Technologies by 25.1% in the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 3,161 shares of the ride-sharing company’s stock valued at $238,000 after buying an additional 635 shares in the last quarter. Foundations Investment Advisors LLC raised its stake in Uber Technologies by 34.0% during the 3rd quarter. Foundations Investment Advisors LLC now owns 8,392 shares of the ride-sharing company’s stock worth $631,000 after buying an additional 2,130 shares during the period. BLB&B Advisors LLC acquired a new stake in shares of Uber Technologies during the third quarter worth about $206,000. Finally, Greenleaf Trust increased its stake in Uber Technologies by 9.5% during the 3rd quarter. Greenleaf Trust now owns 19,079 shares of the ride-sharing company’s stock worth $1,434,000 after purchasing an additional 1,659 shares in 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.