Uber Technologies, Inc. (NYSE:UBER – Get Free Report)’s share price rose 0.3% during mid-day trading on Tuesday after Cantor Fitzgerald raised their price target on the stock from $75.00 to $80.00. Cantor Fitzgerald currently has an overweight rating on the stock. Uber Technologies traded as high as $69.03 and last traded at $68.98. Approximately 5,492,259 shares traded hands during mid-day trading, a decline of 77% from the average daily volume of 23,621,645 shares. The stock had previously closed at $68.77.
UBER has been the topic of a number of other research reports. JMP Securities cut Uber Technologies from an “outperform” rating to a “market perform” rating and set a $95.00 target price on the stock. in a report on Thursday, January 2nd. KeyCorp dropped their price target on Uber Technologies from $90.00 to $85.00 and set an “overweight” rating on the stock in a research report on Friday, November 1st. Citizens Jmp lowered Uber Technologies from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 2nd. Evercore ISI raised their price target on Uber Technologies from $90.00 to $120.00 and gave the stock an “outperform” rating in a research report on Thursday, October 31st. Finally, Loop Capital raised their price target on Uber Technologies from $84.00 to $86.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. Seven research analysts have rated the stock with a hold rating, thirty-one have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $91.08.
Check Out Our Latest Research Report on Uber Technologies
Insider Buying and Selling at Uber Technologies
Hedge Funds Weigh In On Uber Technologies
Institutional investors and hedge funds have recently bought and sold shares of the company. Hemington Wealth Management grew its position in shares of Uber Technologies by 14.8% in the 4th quarter. Hemington Wealth Management now owns 1,740 shares of the ride-sharing company’s stock valued at $104,000 after buying an additional 224 shares during the last quarter. MFG Wealth Management Inc. bought a new stake in shares of Uber Technologies in the 4th quarter valued at about $1,997,000. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new stake in shares of Uber Technologies in the 4th quarter valued at about $114,000. Van ECK Associates Corp grew its position in shares of Uber Technologies by 228.0% in the 4th quarter. Van ECK Associates Corp now owns 14,910 shares of the ride-sharing company’s stock valued at $899,000 after buying an additional 10,364 shares during the last quarter. Finally, Avion Wealth grew its position in shares of Uber Technologies by 96.0% in the 4th quarter. Avion Wealth now owns 445 shares of the ride-sharing company’s stock valued at $26,000 after buying an additional 218 shares during the last quarter. Institutional investors and hedge funds own 80.24% of the company’s stock.
Uber Technologies Price Performance
The business has a 50-day simple moving average of $65.83 and a 200 day simple moving average of $70.19. The stock has a market cap of $140.50 billion, a P/E ratio of 33.20, a price-to-earnings-growth ratio of 0.77 and a beta of 1.36. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.70.
Uber Technologies (NYSE:UBER – Get Free Report) last announced its earnings results on Thursday, October 31st. The ride-sharing company reported $1.20 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 prior year, the company earned $0.10 EPS. The firm’s revenue for the quarter was up 20.4% compared to the same quarter last year. On average, analysts forecast that Uber Technologies, Inc. will post 1.86 earnings per share for the current year.
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.
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