Uber Technologies (NYSE:UBER) Earns “Overweight” Rating from Cantor Fitzgerald

Uber Technologies (NYSE:UBER)‘s stock had its “overweight” rating reissued by equities research analysts at Cantor Fitzgerald in a research report issued on Thursday,Benzinga reports. They presently have a $80.00 price target on the ride-sharing company’s stock. Cantor Fitzgerald’s target price points to a potential upside of 24.03% from the stock’s previous close.

Several other equities research analysts have also recently commented on UBER. 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. Gordon Haskett upgraded Uber Technologies from a “hold” rating to a “buy” rating and set a $85.00 target price on the stock in a report on Thursday, October 31st. KeyCorp decreased their price target on Uber Technologies from $90.00 to $85.00 and set an “overweight” rating for the company in a research note on Friday, November 1st. Truist Financial cut their price objective on Uber Technologies from $99.00 to $95.00 and set a “buy” rating for the company in a report on Friday, November 1st. Finally, The Goldman Sachs Group restated a “buy” rating and set a $96.00 target price on shares of Uber Technologies in a report on Thursday, January 2nd. Seven research analysts have rated the stock with a hold rating, thirty-one have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Uber Technologies has an average rating of “Moderate Buy” and a consensus price target of $90.67.

Uber Technologies Stock Down 7.5 %

Uber Technologies stock opened at $64.50 on Thursday. The company has a 50 day moving average of $65.46 and a 200-day moving average of $70.11. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.70. Uber Technologies has a twelve month low of $54.84 and a twelve month high of $87.00. The stock has a market capitalization of $135.82 billion, a PE ratio of 32.09, a price-to-earnings-growth ratio of 0.77 and a beta of 1.39.

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

Insider Buying and Selling

In other news, insider Jill Hazelbaker sold 27,780 shares of the stock in a transaction dated 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 completion of the sale, the insider now owns 107,289 shares of the company’s stock, valued at approximately $7,821,368.10. This represents a 20.57 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 3.80% of the stock is owned by corporate insiders.

Institutional Trading of Uber Technologies

Institutional investors have recently added to or reduced their stakes in the stock. DJE Kapital AG acquired a new position in Uber Technologies in the fourth quarter valued at $50,795,000. Plato Investment Management Ltd raised its position in shares of Uber Technologies by 14.8% in the 4th quarter. Plato Investment Management Ltd now owns 43,362 shares of the ride-sharing company’s stock worth $2,625,000 after acquiring an additional 5,594 shares in the last quarter. SBI Securities Co. Ltd. acquired a new position in shares of Uber Technologies in the 4th quarter valued at about $7,320,000. Jones Financial Companies Lllp boosted its position in shares of Uber Technologies by 24.4% during the 4th quarter. Jones Financial Companies Lllp now owns 178,956 shares of the ride-sharing company’s stock valued at $10,795,000 after purchasing an additional 35,047 shares in the last quarter. Finally, Modera Wealth Management LLC grew its stake in Uber Technologies by 8.2% during the fourth quarter. Modera Wealth Management LLC now owns 5,579 shares of the ride-sharing company’s stock worth $337,000 after purchasing an additional 422 shares during the period. 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.