Uber Technologies’ (UBER) Hold Rating Reaffirmed at Benchmark

Uber Technologies (NYSE:UBER)‘s stock had its “hold” rating restated by Benchmark in a research report issued on Friday,Benzinga reports.

UBER has been the topic of several other research reports. BMO Capital Markets reiterated an “outperform” rating and issued a $92.00 price target on shares of Uber Technologies in a report on Friday, October 11th. Loop Capital lifted their price target on shares of Uber Technologies from $84.00 to $86.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. Cantor Fitzgerald raised their price objective on Uber Technologies from $75.00 to $80.00 and gave the company an “overweight” rating in a research report on Tuesday. DA Davidson raised their price objective on Uber Technologies from $82.00 to $84.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th. Finally, Tigress Financial raised their price objective on Uber Technologies from $96.00 to $103.00 and gave the company a “buy” rating in a research report on Monday, November 25th. Seven investment 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’s stock. Based on data from MarketBeat, Uber Technologies has an average rating of “Moderate Buy” and an average price target of $91.08.

Uber Technologies Price Performance

UBER traded up $0.65 on Friday, reaching $67.24. The company had a trading volume of 6,707,283 shares, compared to its average volume of 24,544,643. The business has a 50 day simple moving average of $65.71 and a 200 day simple moving average of $70.14. The company has a market cap of $141.58 billion, a price-to-earnings ratio of 33.46, a P/E/G ratio of 0.77 and a beta of 1.36. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.41 and a current ratio of 1.41. Uber Technologies has a 52-week low of $54.84 and a 52-week high of $87.00.

Uber Technologies (NYSE:UBER) last issued its quarterly earnings results on Thursday, October 31st. The ride-sharing company reported $1.20 EPS for the quarter, beating analysts’ consensus estimates of $0.41 by $0.79. Uber Technologies had a net margin of 10.49% and a return on equity of 33.46%. The business had revenue of $11.19 billion for the quarter, compared to analysts’ expectations of $10.99 billion. During the same period last year, the business earned $0.10 earnings per share. The business’s quarterly revenue was up 20.4% on a year-over-year basis. As a group, sell-side analysts anticipate that Uber Technologies will post 1.85 EPS for the current year.

Insider Activity at Uber Technologies

In related news, insider Jill Hazelbaker sold 27,780 shares of the business’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $72.90, for a total value of $2,025,162.00. Following the transaction, the insider now directly owns 107,289 shares of the company’s stock, valued at approximately $7,821,368.10. The trade was a 20.57 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 3.84% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Avion Wealth lifted its holdings in Uber Technologies by 96.0% in the 4th quarter. Avion Wealth now owns 445 shares of the ride-sharing company’s stock worth $26,000 after purchasing an additional 218 shares in the last quarter. GHP Investment Advisors Inc. lifted its holdings in Uber Technologies by 85.1% in the 4th quarter. GHP Investment Advisors Inc. now owns 485 shares of the ride-sharing company’s stock worth $29,000 after purchasing an additional 223 shares in the last quarter. Financial Management Professionals Inc. lifted its holdings in Uber Technologies by 104.1% in the 3rd quarter. Financial Management Professionals Inc. now owns 494 shares of the ride-sharing company’s stock worth $37,000 after purchasing an additional 252 shares in the last quarter. Retirement Wealth Solutions LLC purchased a new position in Uber Technologies in the 4th quarter worth approximately $35,000. Finally, Kieckhefer Group LLC purchased a new position in Uber Technologies in 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.