Uber Technologies (NYSE:UBER) Given “Hold” Rating at Benchmark

Benchmark restated their hold rating on shares of Uber Technologies (NYSE:UBER) in a report released on Friday morning,Benzinga reports.

UBER has been the subject of a number of other reports. UBS Group lifted their target price on shares of Uber Technologies from $102.00 to $114.00 and gave the stock a “buy” rating in a research note on Friday, October 18th. Truist Financial lowered their target price on Uber Technologies from $99.00 to $95.00 and set a “buy” rating on the stock in a research note on Friday, November 1st. Loop Capital raised their price target on shares of Uber Technologies from $84.00 to $86.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th. Daiwa Capital Markets downgraded shares of Uber Technologies from an “outperform” rating to a “neutral” rating and set a $84.00 price objective for the company. in a research report on Thursday, October 17th. Finally, Jefferies Financial Group raised their target price on Uber Technologies from $100.00 to $105.00 and gave the company a “buy” rating in a research report on Tuesday, October 22nd. Seven investment analysts have rated the stock with a hold rating, thirty-one have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $91.08.

Uber Technologies Trading Up 0.4 %

Shares of NYSE UBER opened at $66.86 on Friday. The company has a market cap of $140.79 billion, a price-to-earnings ratio of 33.26, a PEG ratio of 0.77 and a beta of 1.36. Uber Technologies has a fifty-two week low of $54.84 and a fifty-two week high of $87.00. The business’s 50 day moving average price is $65.71 and its 200-day moving average price is $70.14. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.41 and a current ratio of 1.41.

Uber Technologies (NYSE:UBER) last posted its earnings results on Thursday, October 31st. The ride-sharing company reported $1.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.41 by $0.79. Uber Technologies had a return on equity of 33.46% and a net margin of 10.49%. The company had revenue of $11.19 billion for the quarter, compared to analyst estimates of $10.99 billion. During the same quarter in the previous year, the firm earned $0.10 earnings per share. The firm’s quarterly revenue was up 20.4% compared to the same quarter last year. On average, sell-side analysts expect that Uber Technologies will post 1.85 earnings per share for the current year.

Insider Activity at Uber Technologies

In related news, insider Jill Hazelbaker sold 27,780 shares of the firm’s stock in a transaction dated 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 transaction, 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 sale was disclosed in a filing with the SEC, which is available through the SEC website. 3.84% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Uber Technologies

A number of institutional investors have recently bought and sold shares of UBER. Ascent Wealth Partners LLC bought a new position in Uber Technologies during the third quarter valued at approximately $2,087,000. Teachers Retirement System of The State of Kentucky raised 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 valued at $24,180,000 after buying an additional 13,433 shares during the last quarter. Aviso Wealth Management bought a new stake in shares of Uber Technologies during the third quarter valued at approximately $2,302,000. Polianta Ltd acquired a new position in shares of Uber Technologies in the 4th quarter valued at $1,206,000. Finally, Brophy Wealth Management LLC acquired a new stake in Uber Technologies during the third quarter valued at approximately $1,041,000. 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.