Uber Technologies (NYSE:UBER) Now Covered by Raymond James

Raymond James started coverage on shares of Uber Technologies (NYSE:UBER) in a research note released on Tuesday morning, Marketbeat Ratings reports. The brokerage issued a strong-buy rating and a $90.00 target price on the ride-sharing company’s stock.

Other research analysts have also issued research reports about the company. Roth Mkm lifted their price target on Uber Technologies from $89.00 to $90.00 and gave the stock a buy rating in a report on Wednesday, August 7th. JMP Securities lifted their target price on shares of Uber Technologies from $75.00 to $80.00 and gave the stock a market outperform rating in a research note on Wednesday, August 7th. Oppenheimer reissued an outperform rating and issued a $90.00 price target on shares of Uber Technologies in a research note on Wednesday, June 5th. Royal Bank of Canada restated an outperform rating and set a $80.00 price target on shares of Uber Technologies in a report on Wednesday, August 7th. Finally, Evercore ISI upped their price objective on Uber Technologies from $80.00 to $90.00 and gave the company an outperform rating in a report on Wednesday, August 7th. Four equities research analysts have rated the stock with a hold rating, thirty-one have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of Moderate Buy and an average target price of $87.81.

Uber Technologies Stock Down 1.2 %

UBER stock opened at $75.77 on Tuesday. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.72. The firm has a 50-day moving average of $70.09 and a two-hundred day moving average of $70.71. Uber Technologies has a 12 month low of $40.09 and a 12 month high of $82.14. The company has a market cap of $159.19 billion, a price-to-earnings ratio of 122.48, a PEG ratio of 1.38 and a beta of 1.33.

Uber Technologies (NYSE:UBER) last posted its quarterly earnings results on Tuesday, August 6th. The ride-sharing company reported $0.47 EPS for the quarter, beating the consensus estimate of $0.31 by $0.16. Uber Technologies had a return on equity of 17.06% and a net margin of 5.02%. The firm had revenue of $10.70 billion during the quarter, compared to analysts’ expectations of $10.57 billion. During the same quarter last year, the firm earned $0.18 earnings per share. The business’s revenue for the quarter was up 15.9% on a year-over-year basis. As a group, analysts forecast that Uber Technologies will post 1.06 earnings per share for the current fiscal year.

Insider Buying and Selling at Uber Technologies

In other news, insider Jill Hazelbaker sold 40,000 shares of Uber Technologies stock in a transaction on Monday, September 16th. The shares were sold at an average price of $72.00, for a total transaction of $2,880,000.00. Following the completion of the sale, the insider now directly owns 127,352 shares of the company’s stock, valued at approximately $9,169,344. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other news, insider Jill Hazelbaker sold 40,000 shares of the firm’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $72.00, for a total transaction of $2,880,000.00. Following the sale, the insider now owns 127,352 shares of the company’s stock, valued at approximately $9,169,344. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Dara Khosrowshahi sold 500,000 shares of the firm’s stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $71.91, for a total transaction of $35,955,000.00. Following the sale, the chief executive officer now directly owns 1,266,114 shares in the company, valued at approximately $91,046,257.74. The disclosure for this sale can be found here. Insiders own 3.84% of the company’s stock.

Hedge Funds Weigh In On Uber Technologies

Several large investors have recently bought and sold shares of the stock. Precision Wealth Strategies LLC acquired a new position in Uber Technologies in the 4th quarter valued at about $444,000. 9258 Wealth Management LLC increased its holdings in Uber Technologies by 52.6% during the 4th quarter. 9258 Wealth Management LLC now owns 12,138 shares of the ride-sharing company’s stock valued at $747,000 after acquiring an additional 4,185 shares in the last quarter. Rollins Financial purchased a new stake in shares of Uber Technologies in the fourth quarter valued at about $265,000. Orion Portfolio Solutions LLC grew its position in shares of Uber Technologies by 20.1% in the fourth quarter. Orion Portfolio Solutions LLC now owns 21,192 shares of the ride-sharing company’s stock valued at $1,251,000 after purchasing an additional 3,551 shares during the last quarter. Finally, Hilltop Holdings Inc. increased its stake in shares of Uber Technologies by 2.9% during the 4th quarter. Hilltop Holdings Inc. now owns 5,634 shares of the ride-sharing company’s stock worth $347,000 after purchasing an additional 157 shares in the last quarter. Institutional investors and hedge funds own 80.24% of the company’s stock.

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.