Uber Technologies (NYSE:UBER) Upgraded by Gordon Haskett to “Buy” Rating

Gordon Haskett upgraded shares of Uber Technologies (NYSE:UBER) from a hold rating to a buy rating in a research report released on Thursday morning, MarketBeat.com reports. The brokerage currently has $85.00 price target on the ride-sharing company’s stock.

UBER has been the subject of several other research reports. Roth Mkm raised their target price on shares of Uber Technologies from $89.00 to $90.00 and gave the stock a “buy” rating in a research note on Wednesday, August 7th. BMO Capital Markets reissued an “outperform” rating and issued a $92.00 price target on shares of Uber Technologies in a report on Friday, October 11th. Citigroup raised their target price on Uber Technologies from $96.00 to $98.00 and gave the company a “buy” rating in a report on Wednesday, August 7th. Benchmark assumed coverage on shares of Uber Technologies in a report on Friday, October 25th. They set a “hold” rating on the stock. Finally, Evercore ISI boosted their price target on Uber Technologies from $80.00 to $90.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 7th. Six equities research analysts have rated the stock with a hold rating, thirty-two have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $90.46.

Uber Technologies Stock Up 2.0 %

NYSE:UBER traded up $1.41 during trading hours on Thursday, hitting $73.46. The company’s stock had a trading volume of 9,333,570 shares, compared to its average volume of 17,995,225. The stock has a market capitalization of $154.34 billion, a P/E ratio of 80.73, a price-to-earnings-growth ratio of 1.36 and a beta of 1.33. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.72. The stock has a fifty day moving average of $75.38 and a 200-day moving average of $70.88. Uber Technologies has a 52-week low of $45.25 and a 52-week high of $87.00.

Uber Technologies (NYSE:UBER) last posted its quarterly earnings data on Thursday, October 31st. The ride-sharing company reported $1.20 earnings per share for the quarter, topping analysts’ consensus estimates of $0.41 by $0.79. The company had revenue of $11.19 billion during the quarter, compared to analysts’ expectations of $10.99 billion. Uber Technologies had a return on equity of 17.06% and a net margin of 5.02%. The firm’s revenue for the quarter was up 20.4% on a year-over-year basis. During the same period last year, the firm earned $0.10 EPS. On average, equities analysts forecast that Uber Technologies will post 1.1 earnings per share for the current year.

Insider Activity at Uber Technologies

In other news, insider Jill Hazelbaker sold 40,000 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $72.00, for a total transaction of $2,880,000.00. Following the completion of the sale, the insider now owns 127,352 shares of the company’s stock, valued at approximately $9,169,344. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 3.84% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Uber Technologies

A number of hedge funds have recently added to or reduced their stakes in the stock. GHP Investment Advisors Inc. grew its holdings in Uber Technologies by 222.7% in the 2nd quarter. GHP Investment Advisors Inc. now owns 355 shares of the ride-sharing company’s stock worth $26,000 after buying an additional 245 shares in the last quarter. WR Wealth Planners LLC grew its stake in shares of Uber Technologies by 563.9% in the second quarter. WR Wealth Planners LLC now owns 405 shares of the ride-sharing company’s stock worth $29,000 after purchasing an additional 344 shares in the last quarter. J.Safra Asset Management Corp bought a new stake in shares of Uber Technologies during the first quarter valued at about $32,000. MCF Advisors LLC lifted its holdings in Uber Technologies by 1,038.5% in the second quarter. MCF Advisors LLC now owns 444 shares of the ride-sharing company’s stock worth $32,000 after purchasing an additional 405 shares during the period. Finally, Founders Capital Management bought a new position in Uber Technologies in the 2nd quarter valued at about $33,000. 80.24% of the stock is currently owned by institutional investors.

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.