Uber Technologies (NYSE:UBER) Stock Rating Lowered by Fox Advisors

Fox Advisors lowered shares of Uber Technologies (NYSE:UBER) from an overweight rating to an equal weight rating in a research note released on Tuesday, Marketbeat.com reports.

Several other brokerages have also issued reports on UBER. Truist Financial increased their price objective on Uber Technologies from $90.00 to $92.00 and gave the stock a “buy” rating in a report on Thursday, March 6th. Wells Fargo & Company cut their price objective on Uber Technologies from $90.00 to $87.00 and set an “overweight” rating for the company in a report on Thursday, February 6th. Arete Research upgraded Uber Technologies to a “hold” rating in a report on Tuesday, February 18th. Wolfe Research raised their target price on Uber Technologies from $90.00 to $92.00 and gave the company an “outperform” rating in a report on Friday, January 3rd. Finally, Cantor Fitzgerald restated an “overweight” rating and set a $80.00 target price on shares of Uber Technologies in a report on Thursday, February 6th. Ten research analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $90.31.

Uber Technologies Price Performance

Shares of NYSE:UBER opened at $70.52 on Tuesday. The company has a current ratio of 1.07, a quick ratio of 1.41 and a debt-to-equity ratio of 0.37. Uber Technologies has a 1 year low of $54.84 and a 1 year high of $87.00. The business has a fifty day simple moving average of $71.37 and a 200 day simple moving average of $71.59. The firm has a market cap of $147.31 billion, a price-to-earnings ratio of 15.46, a P/E/G ratio of 0.89 and a beta of 1.39.

Uber Technologies (NYSE:UBER) last announced its quarterly earnings data on Wednesday, February 5th. The ride-sharing company reported $3.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.50 by $2.71. Uber Technologies had a return on equity of 62.60% and a net margin of 22.41%. As a group, sell-side analysts predict that Uber Technologies will post 2.54 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider Jill Hazelbaker sold 31,000 shares of Uber Technologies stock in a transaction dated 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 sale, the insider now directly owns 86,973 shares of the company’s stock, valued at $7,046,552.46. This trade represents a 26.28 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 3.84% of the stock is owned by company insiders.

Institutional Investors Weigh In On Uber Technologies

A number of institutional investors have recently added to or reduced their stakes in the company. Castle Rock Wealth Management LLC acquired a new stake in Uber Technologies during the fourth quarter worth about $1,115,000. Probity Advisors Inc. boosted its holdings in Uber Technologies by 118.8% during the fourth quarter. Probity Advisors Inc. now owns 6,786 shares of the ride-sharing company’s stock valued at $409,000 after purchasing an additional 3,685 shares in the last quarter. Audent Global Asset Management LLC acquired a new stake in Uber Technologies during the fourth quarter valued at approximately $470,000. Park Square Financial Group LLC acquired a new stake in Uber Technologies during the fourth quarter valued at approximately $276,000. Finally, Total Wealth Planning & Management Inc. acquired a new stake in Uber Technologies during the fourth quarter valued at approximately $406,000. 80.24% of the stock is owned by institutional investors and hedge funds.

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.