Cantor Fitzgerald Reaffirms “Overweight” Rating for Uber Technologies (NYSE:UBER)

Cantor Fitzgerald reiterated their overweight rating on shares of Uber Technologies (NYSE:UBER) in a research report sent to investors on Monday, Benzinga reports. Cantor Fitzgerald currently has a $90.00 price objective on the ride-sharing company’s stock.

Other equities analysts have also recently issued research reports about the company. Wolfe Research began coverage on Uber Technologies in a report on Tuesday, July 16th. They issued an outperform rating and a $90.00 price objective for the company. Wells Fargo & Company restated an overweight rating and issued a $97.00 price target on shares of Uber Technologies in a research note on Friday, September 13th. Roth Mkm upped their price objective on Uber Technologies from $89.00 to $90.00 and gave the stock a buy rating in a research note on Wednesday, August 7th. Melius started coverage on shares of Uber Technologies in a research note on Monday, July 22nd. They issued a hold rating and a $77.00 target price for the company. Finally, Oppenheimer boosted their target price on shares of Uber Technologies from $90.00 to $95.00 and gave the stock an outperform rating in a report on Friday, September 27th. Four analysts have rated the stock with a hold rating, thirty-one have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Uber Technologies currently has a consensus rating of Moderate Buy and a consensus price target of $87.81.

Uber Technologies Trading Down 1.9 %

NYSE:UBER opened at $72.85 on Monday. 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 has a twelve month low of $40.09 and a twelve month high of $82.14. The company has a market cap of $153.05 billion, a P/E ratio of 117.50, a price-to-earnings-growth ratio of 1.32 and a beta of 1.33. The business has a 50 day moving average price of $70.68 and a two-hundred day moving average price of $70.57.

Uber Technologies (NYSE:UBER) last announced its earnings results on Tuesday, August 6th. The ride-sharing company reported $0.47 EPS for the quarter, topping the consensus estimate of $0.31 by $0.16. Uber Technologies had a net margin of 5.02% and a return on equity of 17.06%. The business had revenue of $10.70 billion during the quarter, compared to analysts’ expectations of $10.57 billion. During the same quarter in the prior year, the company posted $0.18 earnings per share. The firm’s revenue was up 15.9% on a year-over-year basis. As a group, analysts expect that Uber Technologies will post 1.04 EPS for the current fiscal year.

Insider Buying and Selling

In other Uber Technologies news, CEO Dara Khosrowshahi sold 500,000 shares of the firm’s stock in a transaction on Monday, July 15th. The stock was sold at an average price of $71.91, for a total transaction of $35,955,000.00. Following the transaction, the chief executive officer now owns 1,266,114 shares in the company, valued at approximately $91,046,257.74. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In other news, CEO Dara Khosrowshahi sold 500,000 shares of the stock in a transaction on Monday, July 15th. The stock was sold at an average price of $71.91, for a total transaction of $35,955,000.00. Following the sale, the chief executive officer now directly owns 1,266,114 shares of the company’s stock, valued at approximately $91,046,257.74. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Jill Hazelbaker sold 40,000 shares of the business’s stock in a transaction dated 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 transaction, the insider now directly owns 127,352 shares of the company’s stock, valued at approximately $9,169,344. The disclosure for this sale can be found here. 3.84% of the stock is currently owned by company insiders.

Institutional Trading of Uber Technologies

Several large investors have recently made changes to their positions in UBER. Vanguard Group Inc. boosted its stake in Uber Technologies by 2.2% in the first quarter. Vanguard Group Inc. now owns 171,253,318 shares of the ride-sharing company’s stock valued at $13,184,793,000 after buying an additional 3,623,951 shares in the last quarter. Capital World Investors lifted its holdings in shares of Uber Technologies by 0.7% in the fourth quarter. Capital World Investors now owns 40,610,127 shares of the ride-sharing company’s stock worth $2,500,366,000 after acquiring an additional 283,802 shares during the last quarter. Capital Research Global Investors boosted its stake in shares of Uber Technologies by 8.2% in the 1st quarter. Capital Research Global Investors now owns 39,947,547 shares of the ride-sharing company’s stock valued at $3,075,562,000 after purchasing an additional 3,019,431 shares in the last quarter. Price T Rowe Associates Inc. MD grew its holdings in shares of Uber Technologies by 37.8% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 36,425,981 shares of the ride-sharing company’s stock valued at $2,804,437,000 after purchasing an additional 9,996,508 shares during the last quarter. Finally, GQG Partners LLC increased its position in Uber Technologies by 74.1% during the 1st quarter. GQG Partners LLC now owns 22,423,451 shares of the ride-sharing company’s stock worth $1,726,381,000 after purchasing an additional 9,541,366 shares in the last quarter. Institutional investors and hedge funds 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.