Royal Bank of Canada Reaffirms Outperform Rating for Uber Technologies (NYSE:UBER)

Uber Technologies (NYSE:UBER)‘s stock had its “outperform” rating reiterated by equities researchers at Royal Bank of Canada in a report issued on Thursday,Benzinga reports. They currently have a $82.00 target price on the ride-sharing company’s stock. Royal Bank of Canada’s price objective would indicate a potential upside of 9.68% from the company’s current price.

A number of other analysts have also commented on UBER. BMO Capital Markets reissued an “outperform” rating and issued a $92.00 target price on shares of Uber Technologies in a report on Friday, October 11th. Needham & Company LLC reiterated a “buy” rating and issued a $90.00 price target on shares of Uber Technologies in a research note on Wednesday. Daiwa America lowered shares of Uber Technologies from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 17th. Daiwa Capital Markets downgraded Uber Technologies from an “outperform” rating to a “neutral” rating and set a $84.00 price target on the stock. in a research note on Thursday, October 17th. Finally, JPMorgan Chase & Co. dropped their target price on Uber Technologies from $95.00 to $90.00 and set an “overweight” rating on the stock in a research report on Thursday. Seven research 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 stock. According to data from MarketBeat, Uber Technologies has an average rating of “Moderate Buy” and an average target price of $90.19.

Uber Technologies Stock Performance

Uber Technologies stock opened at $74.76 on Thursday. Uber Technologies has a twelve month low of $54.84 and a twelve month high of $87.00. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.70. The company has a market capitalization of $157.43 billion, a P/E ratio of 37.20, a PEG ratio of 0.77 and a beta of 1.39. The stock’s 50 day moving average is $65.28 and its 200 day moving average is $70.07.

Uber Technologies (NYSE:UBER) last posted its quarterly earnings results on Wednesday, February 5th. The ride-sharing company reported $3.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.50 by $2.71. Uber Technologies had a return on equity of 33.46% and a net margin of 10.49%. On average, equities research analysts predict that Uber Technologies will post 1.89 earnings per share for the current fiscal year.

Insider Activity at Uber Technologies

In related news, insider Jill Hazelbaker sold 27,780 shares of the stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $72.90, for a total value of $2,025,162.00. Following the completion of the transaction, the insider now owns 107,289 shares of the company’s stock, valued at approximately $7,821,368.10. This trade represents a 20.57 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 3.80% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of UBER. Avion Wealth grew its holdings in Uber Technologies by 96.0% during the 4th quarter. Avion Wealth now owns 445 shares of the ride-sharing company’s stock valued at $26,000 after purchasing an additional 218 shares during the last quarter. GHP Investment Advisors Inc. boosted its position in shares of Uber Technologies by 85.1% during the fourth quarter. GHP Investment Advisors Inc. now owns 485 shares of the ride-sharing company’s stock valued at $29,000 after buying an additional 223 shares during the period. Financial Management Professionals Inc. boosted its position in shares of Uber Technologies by 104.1% during the third quarter. Financial Management Professionals Inc. now owns 494 shares of the ride-sharing company’s stock valued at $37,000 after buying an additional 252 shares during the period. Retirement Wealth Solutions LLC purchased a new stake in shares of Uber Technologies in the fourth quarter worth approximately $35,000. Finally, Kieckhefer Group LLC bought a new stake in shares of Uber Technologies during the 4th quarter worth approximately $33,000. 80.24% of the stock is owned by hedge funds and other 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.