Uber Technologies (NYSE:UBER) Lowered to “Neutral” at Daiwa Capital Markets

Uber Technologies (NYSE:UBER) was downgraded by research analysts at Daiwa Capital Markets from an “outperform” rating to a “neutral” rating in a research note issued to investors on Thursday, MarketBeat reports. They presently have a $84.00 target price on the ride-sharing company’s stock. Daiwa Capital Markets’ target price points to a potential upside of 6.11% from the stock’s previous close.

Several other research firms have also recently commented on UBER. Loop Capital boosted their price target on Uber Technologies from $83.00 to $84.00 and gave the stock a “buy” rating in a research note on Tuesday, September 3rd. BMO Capital Markets reissued an “outperform” rating and set a $92.00 price target on shares of Uber Technologies in a research report on Friday, October 11th. The Goldman Sachs Group upped their price target on shares of Uber Technologies from $85.00 to $90.00 and gave the company a “buy” rating in a report on Wednesday, August 7th. Truist Financial raised their price objective on shares of Uber Technologies from $88.00 to $99.00 and gave the stock a “buy” rating in a report on Monday, October 7th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $90.00 target price on shares of Uber Technologies in a research report on Wednesday, August 7th. Six analysts have rated the stock with a hold rating, thirty-one have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $88.51.

Uber Technologies Stock Performance

Uber Technologies stock opened at $79.16 on Thursday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.21 and a current ratio of 1.21. Uber Technologies has a one year low of $40.09 and a one year high of $87.00. The stock’s 50 day moving average price is $74.30 and its 200 day moving average price is $70.72. The firm has a market capitalization of $165.41 billion, a PE ratio of 127.68, a price-to-earnings-growth ratio of 1.47 and a beta of 1.33.

Uber Technologies (NYSE:UBER) last announced its earnings results on Tuesday, August 6th. The ride-sharing company reported $0.47 earnings per share for the quarter, beating 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 the consensus estimate of $10.57 billion. During the same period in the prior year, the firm earned $0.18 earnings per share. The business’s quarterly revenue was up 15.9% compared to the same quarter last year. As a group, sell-side analysts expect that Uber Technologies will post 1.08 EPS for the current fiscal year.

Insider Activity at Uber Technologies

In other Uber Technologies news, 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 sale, the insider now directly owns 127,352 shares in the company, valued at approximately $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 can be accessed through this hyperlink. Company insiders own 3.84% of the company’s stock.

Institutional Trading of Uber Technologies

Hedge funds and other institutional investors have recently made changes to their positions in the business. Procyon Advisors LLC lifted its position in shares of Uber Technologies by 2.1% during the 3rd quarter. Procyon Advisors LLC now owns 6,326 shares of the ride-sharing company’s stock valued at $476,000 after acquiring an additional 131 shares during the last quarter. Wealthspire Advisors LLC boosted its position in shares of Uber Technologies by 0.6% in the 2nd quarter. Wealthspire Advisors LLC now owns 24,893 shares of the ride-sharing company’s stock valued at $1,809,000 after purchasing an additional 151 shares during the period. Sivia Capital Partners LLC boosted its position in shares of Uber Technologies by 3.3% in the 1st quarter. Sivia Capital Partners LLC now owns 4,882 shares of the ride-sharing company’s stock valued at $376,000 after purchasing an additional 157 shares during the period. Wellington Shields Capital Management LLC raised its holdings in Uber Technologies by 6.1% during the 1st quarter. Wellington Shields Capital Management LLC now owns 2,756 shares of the ride-sharing company’s stock worth $212,000 after buying an additional 159 shares during the period. Finally, Industrial Alliance Investment Management Inc. lifted its stake in Uber Technologies by 3.2% during the first quarter. Industrial Alliance Investment Management Inc. now owns 5,170 shares of the ride-sharing company’s stock valued at $398,000 after buying an additional 160 shares in the last quarter. 80.24% of the stock is currently owned by institutional investors.

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.