Uber Technologies’ (UBER) Hold Rating Reaffirmed at Benchmark

Uber Technologies (NYSE:UBER)‘s stock had its “hold” rating reissued by Benchmark in a note issued to investors on Friday,Benzinga reports.

A number of other analysts also recently issued reports on the company. Bank of America raised their price target on Uber Technologies from $88.00 to $96.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. BMO Capital Markets reiterated an “outperform” rating and issued a $92.00 target price on shares of Uber Technologies in a research note on Friday, October 11th. Cantor Fitzgerald increased their target price on Uber Technologies from $75.00 to $80.00 and gave the stock an “overweight” rating in a research note on Tuesday. Loop Capital increased their target price on Uber Technologies from $84.00 to $86.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. Finally, Citizens Jmp lowered Uber Technologies from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 2nd. Seven investment analysts have rated the stock with a hold rating, thirty-one have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $91.08.

Uber Technologies Trading Up 1.0 %

NYSE:UBER traded up $0.65 during midday trading on Friday, hitting $67.24. 6,707,283 shares of the company traded hands, compared to its average volume of 24,544,643. The firm has a market capitalization of $141.58 billion, a P/E ratio of 33.46, a P/E/G ratio of 0.77 and a beta of 1.36. The firm’s fifty day moving average is $65.71 and its 200-day moving average is $70.14. Uber Technologies has a 12-month low of $54.84 and a 12-month high of $87.00. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.70.

Uber Technologies (NYSE:UBER) last issued its quarterly earnings results on Thursday, October 31st. The ride-sharing company reported $1.20 earnings per share (EPS) 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 the consensus estimate of $10.99 billion. Uber Technologies had a return on equity of 33.46% and a net margin of 10.49%. Uber Technologies’s revenue was up 20.4% on a year-over-year basis. During the same period last year, the company earned $0.10 earnings per share. On average, sell-side analysts predict 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 Uber Technologies stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $72.90, for a total transaction of $2,025,162.00. Following the completion of the transaction, the insider now directly owns 107,289 shares in the company, valued at approximately $7,821,368.10. This trade represents a 20.57 % 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. 3.84% of the stock is owned by company insiders.

Institutional Trading of Uber Technologies

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Sanctuary Advisors LLC increased its position in shares of Uber Technologies by 6.0% in the fourth quarter. Sanctuary Advisors LLC now owns 276,586 shares of the ride-sharing company’s stock valued at $18,418,000 after buying an additional 15,552 shares in the last quarter. Principal Financial Group Inc. increased its position in shares of Uber Technologies by 0.4% during the fourth quarter. Principal Financial Group Inc. now owns 2,471,084 shares of the ride-sharing company’s stock worth $149,056,000 after purchasing an additional 10,752 shares in the last quarter. State of New Jersey Common Pension Fund D increased its position in shares of Uber Technologies by 0.3% during the fourth quarter. State of New Jersey Common Pension Fund D now owns 694,619 shares of the ride-sharing company’s stock worth $41,899,000 after purchasing an additional 1,984 shares in the last quarter. Americana Partners LLC increased its position in shares of Uber Technologies by 1,408.2% during the fourth quarter. Americana Partners LLC now owns 78,157 shares of the ride-sharing company’s stock worth $4,714,000 after purchasing an additional 72,975 shares in the last quarter. Finally, Sierra Ocean LLC purchased a new stake in shares of Uber Technologies during the fourth quarter worth approximately $51,000. 80.24% of the stock is currently 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.