Uber Technologies (NYSE:UBER) Now Covered by Analysts at Stifel Nicolaus

Investment analysts at Stifel Nicolaus initiated coverage on shares of Uber Technologies (NYSE:UBER) in a report released on Wednesday, Marketbeat.com reports. The firm set a “buy” rating and a $110.00 price target on the ride-sharing company’s stock. Stifel Nicolaus’ price objective suggests a potential upside of 28.43% from the company’s current price.

Other equities analysts have also recently issued research reports about the stock. Bank of America lifted their target price on shares of Uber Technologies from $96.00 to $97.00 and gave the stock a “buy” rating in a research report on Thursday, May 8th. Barclays lifted their price target on Uber Technologies from $86.00 to $97.00 and gave the stock an “overweight” rating in a report on Thursday, May 8th. Arete Research raised Uber Technologies to a “hold” rating in a research report on Tuesday, February 18th. UBS Group upped their price objective on Uber Technologies from $103.00 to $107.00 and gave the company a “buy” rating in a research note on Thursday, May 8th. Finally, TD Cowen lowered their target price on Uber Technologies from $90.00 to $88.00 and set a “buy” rating on the stock in a research note on Tuesday, April 8th. Twelve analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $94.39.

Uber Technologies Stock Down 1.1%

Uber Technologies stock opened at $85.65 on Wednesday. The firm has a market capitalization of $179.11 billion, a price-to-earnings ratio of 18.78, a price-to-earnings-growth ratio of 0.89 and a beta of 1.38. The company has a current ratio of 1.07, a quick ratio of 1.41 and a debt-to-equity ratio of 0.37. Uber Technologies has a 1-year low of $54.84 and a 1-year high of $93.60. The firm’s fifty day moving average price is $81.81 and its two-hundred day moving average price is $73.89.

Uber Technologies (NYSE:UBER) last posted its quarterly earnings data on Wednesday, May 7th. The ride-sharing company reported $0.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.50 by $0.33. Uber Technologies had a net margin of 22.41% and a return on equity of 62.60%. The firm had revenue of $11.53 billion for the quarter, compared to the consensus estimate of $11.61 billion. During the same period in the previous year, the firm earned ($0.32) EPS. The business’s revenue for the quarter was up 13.8% compared to the same quarter last year. On average, equities research analysts predict that Uber Technologies will post 2.54 earnings per share for the current fiscal year.

Insider Transactions at Uber Technologies

In other Uber Technologies news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the firm’s stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $85.00, for a total transaction of $233,750.00. Following the sale, the chief financial officer now owns 21,063 shares in the company, valued at $1,790,355. This trade represents a 11.55% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Jill Hazelbaker sold 34,884 shares of the firm’s stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $86.03, for a total value of $3,001,070.52. Following the transaction, the insider now directly owns 102,135 shares in the company, valued at approximately $8,786,674.05. This represents a 25.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 40,384 shares of company stock valued at $3,441,071. 3.84% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Uber Technologies

A number of hedge funds have recently made changes to their positions in UBER. Brighton Jones LLC increased its stake in Uber Technologies by 3.4% in the 4th quarter. Brighton Jones LLC now owns 74,460 shares of the ride-sharing company’s stock worth $4,491,000 after purchasing an additional 2,474 shares during the period. Revolve Wealth Partners LLC raised its holdings in Uber Technologies by 65.0% in the fourth quarter. Revolve Wealth Partners LLC now owns 15,563 shares of the ride-sharing company’s stock worth $939,000 after purchasing an additional 6,129 shares in the last quarter. Kingsview Wealth Management LLC lifted its position in Uber Technologies by 48.2% during the 4th quarter. Kingsview Wealth Management LLC now owns 24,275 shares of the ride-sharing company’s stock valued at $1,464,000 after acquiring an additional 7,894 shares during the period. Empowered Funds LLC lifted its holdings in shares of Uber Technologies by 66.0% during the fourth quarter. Empowered Funds LLC now owns 57,877 shares of the ride-sharing company’s stock valued at $3,491,000 after purchasing an additional 23,019 shares during the last quarter. Finally, Soltis Investment Advisors LLC raised its stake in Uber Technologies by 8.7% during the fourth quarter. Soltis Investment Advisors LLC now owns 4,254 shares of the ride-sharing company’s stock valued at $257,000 after buying an additional 342 shares during the last quarter. 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.