Uber Technologies (NYSE:UBER) Given Overweight Rating at Cantor Fitzgerald

Uber Technologies (NYSE:UBER)‘s stock had its “overweight” rating reaffirmed by investment analysts at Cantor Fitzgerald in a research report issued to clients and investors on Wednesday,Benzinga reports. They currently have a $90.00 price objective on the ride-sharing company’s stock. Cantor Fitzgerald’s target price suggests a potential upside of 49.48% from the company’s current price.

Several other research firms also recently issued reports on UBER. Royal Bank of Canada upped their target price on Uber Technologies from $80.00 to $82.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Tigress Financial increased their price objective on Uber Technologies from $96.00 to $103.00 and gave the company a “buy” rating in a report on Monday, November 25th. Benchmark reaffirmed a “hold” rating on shares of Uber Technologies in a report on Friday, November 1st. UBS Group increased their price target on shares of Uber Technologies from $102.00 to $114.00 and gave the stock a “buy” rating in a report on Friday, October 18th. Finally, Gordon Haskett raised shares of Uber Technologies from a “hold” rating to a “buy” rating and set a $85.00 price target for the company in a research report on Thursday, October 31st. Six investment analysts have rated the stock with a hold rating, thirty-two have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $90.51.

Uber Technologies Price Performance

Shares of NYSE UBER opened at $60.21 on Wednesday. Uber Technologies has a fifty-two week low of $54.84 and a fifty-two week high of $87.00. The company has a market cap of $126.78 billion, a PE ratio of 29.96, a P/E/G ratio of 0.75 and a beta of 1.33. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.41 and a current ratio of 1.41. The business has a 50-day simple moving average of $72.26 and a two-hundred day simple moving average of $71.22.

Uber Technologies (NYSE:UBER) last released its earnings results on Thursday, October 31st. The ride-sharing company reported $1.20 EPS for the quarter, topping analysts’ consensus estimates of $0.41 by $0.79. Uber Technologies had a net margin of 10.49% and a return on equity of 33.46%. The company had revenue of $11.19 billion during the quarter, compared to analysts’ expectations of $10.99 billion. During the same period last year, the business earned $0.10 EPS. Uber Technologies’s revenue for the quarter was up 20.4% on a year-over-year basis. As a group, equities analysts expect that Uber Technologies will post 1.89 EPS for the current fiscal year.

Insider Buying and Selling

In other Uber Technologies news, insider Jill Hazelbaker sold 27,780 shares of the firm’s stock in a transaction on 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 directly owns 107,289 shares of the company’s stock, valued at $7,821,368.10. This trade represents a 20.57 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 3.80% of the stock is currently owned by insiders.

Institutional Trading of Uber Technologies

Hedge funds have recently made changes to their positions in the company. Ascent Wealth Partners LLC purchased a new position in shares of Uber Technologies during the third quarter worth $2,087,000. Teachers Retirement System of The State of Kentucky boosted its holdings in shares of Uber Technologies by 4.4% in the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 321,726 shares of the ride-sharing company’s stock valued at $24,180,000 after buying an additional 13,433 shares in the last quarter. Aviso Wealth Management purchased a new position in shares of Uber Technologies during the third quarter worth about $2,302,000. Brophy Wealth Management LLC purchased a new position in Uber Technologies during the 3rd quarter worth approximately $1,041,000. Finally, Sumitomo Mitsui Trust Group Inc. grew its position in Uber Technologies by 9.8% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 5,752,471 shares of the ride-sharing company’s stock worth $432,356,000 after purchasing an additional 512,591 shares during the last quarter. Hedge funds and other institutional investors own 80.24% of the company’s stock.

About Uber Technologies

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.