Uber Technologies (NYSE:UBER) Given “Buy” Rating at DA Davidson

DA Davidson reaffirmed their buy rating on shares of Uber Technologies (NYSE:UBER) in a research note released on Wednesday, Benzinga reports. They currently have a $81.00 price target on the ride-sharing company’s stock.

Several other research firms have also commented on UBER. BTIG Research upped their price target on shares of Uber Technologies from $80.00 to $90.00 and gave the company a buy rating in a research report on Thursday, February 22nd. TheStreet raised shares of Uber Technologies from a c rating to a b- rating in a research report on Wednesday, February 7th. Roth Mkm upped their price target on shares of Uber Technologies from $72.00 to $79.00 and gave the company a buy rating in a research report on Thursday, February 8th. Needham & Company LLC reaffirmed a buy rating and set a $90.00 price target on shares of Uber Technologies in a research report on Wednesday. Finally, Susquehanna upped their price target on shares of Uber Technologies from $60.00 to $85.00 and gave the company a positive rating in a research report on Thursday, February 8th. Two research analysts have rated the stock with a hold rating and twenty-nine have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of Moderate Buy and an average price target of $83.61.

Uber Technologies Stock Performance

UBER traded up $1.07 during midday trading on Wednesday, hitting $67.47. 3,768,592 shares of the company traded hands, compared to its average volume of 20,354,920. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.79. The firm has a market capitalization of $140.43 billion, a PE ratio of 77.21, a price-to-earnings-growth ratio of 1.09 and a beta of 1.39. The company’s 50-day moving average is $74.80 and its 200 day moving average is $65.83. Uber Technologies has a 52 week low of $37.07 and a 52 week high of $82.14.

Uber Technologies (NYSE:UBER) last posted its earnings results on Wednesday, May 8th. The ride-sharing company reported ($0.32) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by ($0.53). The company had revenue of $10.13 billion for the quarter, compared to the consensus estimate of $10.09 billion. Uber Technologies had a net margin of 5.06% and a return on equity of 18.95%. Uber Technologies’s revenue was up 14.8% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.08) EPS. On average, research analysts expect that Uber Technologies will post 1.23 EPS for the current year.

Insider Activity at Uber Technologies

In other Uber Technologies news, insider Jill Hazelbaker sold 20,000 shares of the business’s stock in a transaction dated Wednesday, February 14th. The shares were sold at an average price of $77.83, for a total value of $1,556,600.00. Following the completion of the transaction, the insider now directly owns 107,290 shares in the company, valued at $8,350,380.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, insider Jill Hazelbaker sold 20,000 shares of the company’s stock in a transaction dated Wednesday, February 14th. The shares were sold at an average price of $77.83, for a total transaction of $1,556,600.00. Following the transaction, the insider now owns 107,290 shares in the company, valued at $8,350,380.70. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Tony West sold 18,750 shares of the company’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $70.08, for a total transaction of $1,314,000.00. Following the transaction, the insider now owns 185,566 shares in the company, valued at approximately $13,004,465.28. The disclosure for this sale can be found here. 3.80% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Uber Technologies

Several hedge funds and other institutional investors have recently bought and sold shares of UBER. Highlander Capital Management LLC boosted its stake in shares of Uber Technologies by 100.0% in the fourth quarter. Highlander Capital Management LLC now owns 500 shares of the ride-sharing company’s stock worth $31,000 after buying an additional 250 shares during the last quarter. PFG Investments LLC increased its holdings in Uber Technologies by 374.6% in the first quarter. PFG Investments LLC now owns 63,450 shares of the ride-sharing company’s stock valued at $4,885,000 after buying an additional 50,080 shares in the last quarter. Treasurer of the State of North Carolina boosted its stake in shares of Uber Technologies by 0.4% during the 3rd quarter. Treasurer of the State of North Carolina now owns 877,589 shares of the ride-sharing company’s stock worth $40,360,000 after acquiring an additional 3,530 shares in the last quarter. Compagnie Lombard Odier SCmA increased its stake in shares of Uber Technologies by 73.0% in the 4th quarter. Compagnie Lombard Odier SCmA now owns 33,535 shares of the ride-sharing company’s stock valued at $2,065,000 after purchasing an additional 14,153 shares in the last quarter. Finally, Financial Enhancement Group LLC purchased a new position in shares of Uber Technologies during the 4th quarter valued at approximately $1,112,000. Institutional investors and hedge funds 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.