Uber Technologies (NYSE:UBER) Upgraded at Gordon Haskett

Gordon Haskett upgraded shares of Uber Technologies (NYSE:UBER) from a hold rating to a buy rating in a research note issued to investors on Thursday morning, Marketbeat reports. Gordon Haskett currently has $85.00 price objective on the ride-sharing company’s stock.

Several other equities research analysts have also recently commented on the company. Morgan Stanley increased their price target on Uber Technologies from $90.00 to $95.00 and gave the company an “overweight” rating in a report on Tuesday, July 23rd. UBS Group boosted their target price on shares of Uber Technologies from $102.00 to $114.00 and gave the company a “buy” rating in a report on Friday, October 18th. BMO Capital Markets restated an “outperform” rating and set a $92.00 price target on shares of Uber Technologies in a report on Friday, October 11th. Truist Financial increased their price objective on Uber Technologies from $88.00 to $99.00 and gave the stock a “buy” rating in a research report on Monday, October 7th. Finally, Loop Capital upped their price target on Uber Technologies from $83.00 to $84.00 and gave the company a “buy” rating in a research note on Tuesday, September 3rd. Six research analysts have rated the stock with a hold rating, thirty-two have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Uber Technologies has a consensus rating of “Moderate Buy” and an average target price of $90.22.

Uber Technologies Stock Up 1.7 %

NYSE UBER opened at $73.25 on Thursday. The business has a fifty day moving average price of $75.36 and a 200 day moving average price of $70.85. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.21 and a current ratio of 1.41. The company has a market cap of $153.89 billion, a P/E ratio of 36.44, a P/E/G ratio of 1.24 and a beta of 1.34. Uber Technologies has a one year low of $45.25 and a one year high of $87.00.

Uber Technologies (NYSE:UBER) last posted its quarterly earnings results on Thursday, October 31st. The ride-sharing company reported $1.20 earnings per share for the quarter, topping the consensus estimate of $0.41 by $0.79. Uber Technologies had a net margin of 10.49% and a return on equity of 33.46%. The firm had revenue of $11.19 billion for the quarter, compared to the consensus estimate of $10.99 billion. During the same period last year, the firm posted $0.10 earnings per share. The company’s revenue for the quarter was up 20.4% on a year-over-year basis. Research analysts anticipate that Uber Technologies will post 1.1 EPS for the current fiscal year.

Insider Activity

In related news, insider Jill Hazelbaker sold 40,000 shares of the business’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $72.00, for a total value of $2,880,000.00. Following the completion of the sale, the insider now directly owns 127,352 shares of the company’s stock, valued at $9,169,344. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 3.84% of the company’s stock.

Institutional Investors Weigh In On Uber Technologies

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Norden Group LLC purchased a new position in Uber Technologies during the 1st quarter worth $1,651,000. Mission Wealth Management LP acquired a new position in Uber Technologies in the 1st quarter valued at about $2,441,000. BOK Financial Private Wealth Inc. raised its stake in Uber Technologies by 141.6% during the 1st quarter. BOK Financial Private Wealth Inc. now owns 604 shares of the ride-sharing company’s stock valued at $47,000 after acquiring an additional 354 shares during the last quarter. Janney Montgomery Scott LLC lifted its position in Uber Technologies by 0.3% during the 1st quarter. Janney Montgomery Scott LLC now owns 705,858 shares of the ride-sharing company’s stock worth $54,344,000 after acquiring an additional 1,845 shares during the period. Finally, Westwood Wealth Management grew its stake in shares of Uber Technologies by 6.5% in the 1st quarter. Westwood Wealth Management now owns 49,750 shares of the ride-sharing company’s stock valued at $3,830,000 after purchasing an additional 3,050 shares during the last quarter. 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.