Uber Technologies’ (UBER) “Overweight” Rating Reiterated at Cantor Fitzgerald

Cantor Fitzgerald reaffirmed their overweight rating on shares of Uber Technologies (NYSE:UBER) in a research report report published on Thursday morning,Benzinga reports. They currently have a $80.00 price objective on the ride-sharing company’s stock.

A number of other equities research analysts have also issued reports on the stock. Tigress Financial upped their target price on shares of Uber Technologies from $96.00 to $103.00 and gave the stock a “buy” rating in a report on Monday, November 25th. BMO Capital Markets reaffirmed an “outperform” rating and set a $92.00 price objective on shares of Uber Technologies in a research note on Friday, October 11th. Daiwa America lowered shares of Uber Technologies from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 17th. Royal Bank of Canada upped their price target on Uber Technologies from $80.00 to $82.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Finally, KeyCorp cut their price target on Uber Technologies from $90.00 to $85.00 and set an “overweight” rating for the company in a report on Friday, November 1st. Seven analysts have rated the stock with a hold rating, thirty-one have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $90.19.

Uber Technologies Trading Up 8.6 %

UBER stock opened at $70.04 on Thursday. Uber Technologies has a 12-month low of $54.84 and a 12-month high of $87.00. The business’s 50-day moving average is $65.31 and its 200 day moving average is $70.07. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.70. The stock has a market cap of $147.47 billion, a price-to-earnings ratio of 34.84, a PEG ratio of 0.77 and a beta of 1.39.

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

Insider Activity

In other Uber Technologies news, insider Jill Hazelbaker sold 27,780 shares of the company’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $72.90, for a total transaction of $2,025,162.00. Following the sale, the insider now owns 107,289 shares in the company, valued at $7,821,368.10. This represents a 20.57 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 3.80% of the company’s stock.

Institutional Trading of Uber Technologies

A number of large investors have recently made changes to their positions in UBER. CENTRAL TRUST Co grew its holdings in Uber Technologies by 12.3% during the 3rd quarter. CENTRAL TRUST Co now owns 1,160 shares of the ride-sharing company’s stock worth $87,000 after acquiring an additional 127 shares in the last quarter. Procyon Advisors LLC lifted its position in shares of Uber Technologies by 2.1% during the 3rd quarter. Procyon Advisors LLC now owns 6,326 shares of the ride-sharing company’s stock worth $476,000 after purchasing an additional 131 shares during the last quarter. DT Investment Partners LLC grew its stake in shares of Uber Technologies by 21.4% during the third quarter. DT Investment Partners LLC now owns 821 shares of the ride-sharing company’s stock worth $62,000 after purchasing an additional 145 shares in the last quarter. Jmac Enterprises LLC increased its holdings in Uber Technologies by 2.1% in the third quarter. Jmac Enterprises LLC now owns 7,340 shares of the ride-sharing company’s stock valued at $552,000 after buying an additional 150 shares during the last quarter. Finally, Carlton Hofferkamp & Jenks Wealth Management LLC increased its holdings in Uber Technologies by 3.5% in the fourth quarter. Carlton Hofferkamp & Jenks Wealth Management LLC now owns 4,381 shares of the ride-sharing company’s stock valued at $282,000 after buying an additional 150 shares during the last quarter. 80.24% of the stock is currently owned by hedge funds and other institutional investors.

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.