Uber Technologies (NYSE:UBER) Rating Lowered to Neutral at Daiwa Capital Markets

Uber Technologies (NYSE:UBER) was downgraded by equities researchers at Daiwa Capital Markets from an “outperform” rating to a “neutral” rating in a research note issued to investors on Thursday, Marketbeat Ratings reports. They currently have a $84.00 target price on the ride-sharing company’s stock. Daiwa Capital Markets’ price target indicates a potential upside of 6.11% from the company’s current price.

UBER has been the subject of a number of other reports. Citigroup upped their target price on shares of Uber Technologies from $96.00 to $98.00 and gave the company a “buy” rating in a report on Wednesday, August 7th. Melius began coverage on Uber Technologies in a research note on Monday, July 22nd. They set a “hold” rating and a $77.00 price objective for the company. JMP Securities lifted their target price on Uber Technologies from $75.00 to $80.00 and gave the company a “market outperform” rating in a research note on Wednesday, August 7th. TD Cowen upped their price target on Uber Technologies from $88.00 to $90.00 and gave the stock a “buy” rating in a research note on Tuesday, July 23rd. Finally, DA Davidson lifted their price objective on shares of Uber Technologies from $81.00 to $82.00 and gave the company a “buy” rating in a research report on Wednesday, August 7th. Six analysts have rated the stock with a hold rating, thirty-one have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $88.51.

Uber Technologies Trading Down 0.9 %

NYSE:UBER opened at $79.16 on Thursday. The company has a market capitalization of $165.41 billion, a PE ratio of 127.68, a P/E/G ratio of 1.47 and a beta of 1.33. Uber Technologies has a 52-week low of $40.09 and a 52-week high of $87.00. The stock’s 50 day moving average price is $74.30 and its 200 day moving average price is $70.72. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.72.

Uber Technologies (NYSE:UBER) last announced its earnings results on Tuesday, August 6th. The ride-sharing company reported $0.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.31 by $0.16. The business had revenue of $10.70 billion for the quarter, compared to analyst estimates of $10.57 billion. Uber Technologies had a net margin of 5.02% and a return on equity of 17.06%. The company’s revenue for the quarter was up 15.9% compared to the same quarter last year. During the same period last year, the firm posted $0.18 earnings per share. On average, research analysts anticipate that Uber Technologies will post 1.08 EPS for the current year.

Insider Activity

In other Uber Technologies news, insider Jill Hazelbaker sold 40,000 shares of the firm’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $72.00, for a total value of $2,880,000.00. Following the sale, the insider now directly owns 127,352 shares of the company’s stock, valued at approximately $9,169,344. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 3.84% of the company’s stock.

Hedge Funds Weigh In On Uber Technologies

A number of large investors have recently bought and sold shares of UBER. Schaper Benz & Wise Investment Counsel Inc. WI increased its stake in Uber Technologies by 1.1% during the third quarter. Schaper Benz & Wise Investment Counsel Inc. WI now owns 175,537 shares of the ride-sharing company’s stock worth $13,193,000 after acquiring an additional 1,906 shares during the last quarter. Means Investment CO. Inc. increased its position in Uber Technologies by 6.2% during the 3rd quarter. Means Investment CO. Inc. now owns 99,446 shares of the ride-sharing company’s stock worth $7,474,000 after purchasing an additional 5,777 shares in the last quarter. Resonant Capital Advisors LLC purchased a new position in Uber Technologies in the third quarter valued at approximately $231,000. Chicago Capital LLC grew its stake in Uber Technologies by 3.6% during the third quarter. Chicago Capital LLC now owns 863,342 shares of the ride-sharing company’s stock worth $64,889,000 after buying an additional 29,723 shares during the period. Finally, Commonwealth Equity Services LLC grew its stake in Uber Technologies by 1.5% during the third quarter. Commonwealth Equity Services LLC now owns 577,915 shares of the ride-sharing company’s stock worth $43,436,000 after buying an additional 8,704 shares during the period. Hedge funds and other 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.