Uber Technologies, Inc. (NYSE:UBER) Given Consensus Recommendation of “Moderate Buy” by Analysts

Uber Technologies, Inc. (NYSE:UBER) has earned a consensus recommendation of “Moderate Buy” from the thirty-seven ratings firms that are presently covering the company, Marketbeat reports. Ten equities research analysts have rated the stock with a hold recommendation, twenty-six have given a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $90.31.

A number of equities analysts recently issued reports on UBER shares. DA Davidson dropped their price target on shares of Uber Technologies from $84.00 to $80.00 and set a “buy” rating on the stock in a research note on Thursday, February 6th. The Goldman Sachs Group reiterated a “buy” rating and issued a $96.00 price target on shares of Uber Technologies in a research note on Thursday, January 2nd. UBS Group reiterated a “buy” rating on shares of Uber Technologies in a research note on Friday, February 21st. JMP Securities reissued a “market perform” rating on shares of Uber Technologies in a research report on Thursday, February 6th. Finally, Arete Research raised Uber Technologies to a “hold” rating in a research report on Tuesday, February 18th.

Uber Technologies Stock Performance

Shares of UBER stock opened at $75.94 on Monday. Uber Technologies has a 12 month low of $54.84 and a 12 month high of $87.00. The stock has a market cap of $158.65 billion, a PE ratio of 16.65, a price-to-earnings-growth ratio of 0.89 and a beta of 1.39. 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 company’s fifty day moving average price is $72.64 and its 200-day moving average price is $71.59.

Uber Technologies (NYSE:UBER) last announced its quarterly earnings results on Wednesday, February 5th. The ride-sharing company reported $3.21 earnings per share (EPS) for the quarter, topping 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%. On average, equities analysts expect that Uber Technologies will post 2.54 EPS for the current fiscal year.

Insiders Place Their Bets

In other Uber Technologies news, SVP Nikki Krishnamurthy sold 20,000 shares of the company’s stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $71.57, for a total value of $1,431,400.00. Following the completion of the transaction, the senior vice president now directly owns 361,908 shares in the company, valued at $25,901,755.56. This represents a 5.24 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Tony West sold 23,404 shares of the company’s stock in a transaction that occurred on Thursday, March 13th. The stock was sold at an average price of $70.27, for a total value of $1,644,599.08. Following the completion of the transaction, the insider now owns 114,241 shares of the company’s stock, valued at $8,027,715.07. The trade was a 17.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 74,404 shares of company stock worth $5,587,619 in the last three months. 3.84% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of UBER. GSA Capital Partners LLP bought a new position in shares of Uber Technologies during the 3rd quarter valued at approximately $683,000. Huntington National Bank boosted its position in shares of Uber Technologies by 20.7% during the 3rd quarter. Huntington National Bank now owns 7,737 shares of the ride-sharing company’s stock valued at $582,000 after acquiring an additional 1,326 shares during the last quarter. Empirical Finance LLC boosted its position in shares of Uber Technologies by 102.7% during the 3rd quarter. Empirical Finance LLC now owns 9,160 shares of the ride-sharing company’s stock valued at $688,000 after acquiring an additional 4,640 shares during the last quarter. KCM Investment Advisors LLC bought a new position in shares of Uber Technologies during the 3rd quarter valued at approximately $301,000. Finally, Natixis Advisors LLC boosted its position in shares of Uber Technologies by 7.5% during the 3rd quarter. Natixis Advisors LLC now owns 720,279 shares of the ride-sharing company’s stock valued at $54,136,000 after acquiring an additional 50,077 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.