Uber Technologies, Inc. (NYSE:UBER) Receives Consensus Rating of "Moderate Buy" from Analysts – MarketBeat

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Shares of Uber Technologies, Inc. (NYSE:UBER – Get Rating) have been given a consensus recommendation of “Moderate Buy” by the thirty-one analysts that are covering the company, MarketBeat reports. One analyst has rated the stock with a hold recommendation and twenty-one have given a buy recommendation to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $54.34.
A number of analysts have issued reports on the company. Citigroup decreased their price target on Uber Technologies from $50.00 to $48.00 and set a “buy” rating on the stock in a research note on Thursday. Needham & Company LLC reduced their price objective on Uber Technologies from $68.00 to $50.00 in a research note on Thursday, May 5th. Jefferies Financial Group reduced their price objective on Uber Technologies from $65.00 to $50.00 in a research note on Tuesday, May 31st. Wolfe Research reduced their price objective on Uber Technologies from $30.00 to $27.00 and set an “outperform” rating on the stock in a research note on Friday, June 24th. Finally, Wedbush reaffirmed an “outperform” rating and issued a $38.00 price objective on shares of Uber Technologies in a research note on Wednesday, June 29th.

Insiders Place Their Bets

In other Uber Technologies news, CEO Dara Khosrowshahi acquired 200,000 shares of the company’s stock in a transaction on Friday, May 6th. The shares were bought at an average cost of $26.73 per share, for a total transaction of $5,346,000.00. Following the acquisition, the chief executive officer now directly owns 1,420,968 shares of the company’s stock, valued at $37,982,474.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 4.06% of the stock is owned by company insiders.

Institutional Investors Weigh In On Uber Technologies

A number of institutional investors have recently made changes to their positions in UBER. Altimeter Capital Management LP increased its holdings in shares of Uber Technologies by 167.5% in the 1st quarter. Altimeter Capital Management LP now owns 30,760,000 shares of the ride-sharing company’s stock valued at $1,193,422,000 after acquiring an additional 19,260,000 shares during the last quarter. Fisher Asset Management LLC acquired a new position in Uber Technologies during the 4th quarter valued at approximately $635,212,000. Norges Bank acquired a new position in Uber Technologies during the 4th quarter valued at approximately $594,489,000. Jennison Associates LLC boosted its position in Uber Technologies by 23.6% during the 4th quarter. Jennison Associates LLC now owns 49,538,244 shares of the ride-sharing company’s stock valued at $2,077,139,000 after purchasing an additional 9,449,743 shares during the period. Finally, Lyrical Asset Management LP acquired a new position in Uber Technologies during the 1st quarter valued at approximately $199,606,000. 72.58% of the stock is currently owned by institutional investors.

Uber Technologies Stock Up 4.9 %

Shares of NYSE:UBER opened at $21.67 on Friday. The stock’s 50-day moving average price is $22.69 and its two-hundred day moving average price is $30.75. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.96. Uber Technologies has a 12-month low of $19.90 and a 12-month high of $48.88. The firm has a market cap of $42.55 billion, a price-to-earnings ratio of -6.57 and a beta of 1.31.
Uber Technologies (NYSE:UBER – Get Rating) last issued its quarterly earnings results on Wednesday, May 4th. The ride-sharing company reported ($0.18) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.27) by $0.09. Uber Technologies had a positive return on equity of 9.68% and a negative net margin of 29.51%. The firm had revenue of $6.85 billion for the quarter, compared to analyst estimates of $6.10 billion. During the same period last year, the company earned ($0.57) EPS. The firm’s quarterly revenue was up 136.3% on a year-over-year basis. On average, research analysts forecast that Uber Technologies will post -3.55 EPS for the current year.

Uber Technologies Company Profile

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Uber Technologies, Inc develops and operates proprietary technology applications in the United States, Canada, Latin America, Europe, the Middle East, Africa, and the Asia Pacific. It connects consumers with independent providers of ride services for ridesharing services; and connects riders and other consumers with restaurants, grocers, and other stores with delivery service providers for meal preparation, grocery, and other delivery services.

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