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

Stifel Nicolaus assumed coverage on shares of Uber Technologies (NYSE:UBER) in a research note released on Wednesday, MarketBeat.com reports. The firm issued a buy rating and a $110.00 target price on the ride-sharing company’s stock.

Other equities research analysts have also recently issued reports about the company. Royal Bank of Canada restated an “outperform” rating and set a $82.00 price objective on shares of Uber Technologies in a research note on Monday, May 5th. DA Davidson boosted their target price on shares of Uber Technologies from $80.00 to $98.00 and gave the stock a “buy” rating in a report on Thursday, May 8th. JMP Securities reissued a “market perform” rating on shares of Uber Technologies in a research report on Thursday, May 15th. Loop Capital reaffirmed a “buy” rating and issued a $105.00 price objective (up previously from $89.00) on shares of Uber Technologies in a research report on Wednesday, May 21st. Finally, Piper Sandler reiterated an “overweight” rating and set a $87.00 price objective (up previously from $80.00) on shares of Uber Technologies in a research note on Tuesday, February 18th. Twelve investment analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $94.39.

Uber Technologies Stock Performance

Shares of Uber Technologies stock opened at $86.53 on Wednesday. The company has a current ratio of 1.07, a quick ratio of 1.41 and a debt-to-equity ratio of 0.37. The stock’s fifty day moving average price is $81.40 and its 200-day moving average price is $73.80. The firm has a market cap of $180.94 billion, a P/E ratio of 18.98, a P/E/G ratio of 0.89 and a beta of 1.38. Uber Technologies has a 12 month low of $54.84 and a 12 month high of $93.60.

Uber Technologies (NYSE:UBER) last posted its earnings results on Wednesday, May 7th. The ride-sharing company reported $0.83 EPS for the quarter, beating 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 business had revenue of $11.53 billion for the quarter, compared to the consensus estimate of $11.61 billion. During the same quarter last year, the firm posted ($0.32) EPS. The company’s revenue for the quarter was up 13.8% on a year-over-year basis. On average, equities research analysts expect that Uber Technologies will post 2.54 earnings per share for the current fiscal year.

Insider Buying and Selling at Uber Technologies

In other news, SVP Nikki Krishnamurthy sold 20,000 shares of Uber Technologies stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $71.57, for a total transaction of $1,431,400.00. Following the completion of the transaction, the senior vice president now directly owns 361,908 shares of the company’s stock, valued at $25,901,755.56. The trade was a 5.24% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Jill Hazelbaker sold 34,884 shares of the stock in a transaction on Monday, May 12th. The stock was sold at an average price of $86.03, for a total transaction of $3,001,070.52. Following the sale, the insider now directly owns 102,135 shares in the company, valued at $8,786,674.05. This trade represents a 25.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 60,384 shares of company stock worth $4,872,471. Insiders own 3.84% of the company’s stock.

Hedge Funds Weigh In On Uber Technologies

Institutional investors and hedge funds have recently modified their holdings of the business. Capital Research Global Investors grew its position in shares of Uber Technologies by 79.0% in the fourth quarter. Capital Research Global Investors now owns 118,131,681 shares of the ride-sharing company’s stock valued at $7,125,728,000 after purchasing an additional 52,125,476 shares during the period. Pershing Square Capital Management L.P. acquired a new position in shares of Uber Technologies during the 1st quarter worth about $2,207,743,000. Norges Bank purchased a new position in Uber Technologies in the 4th quarter valued at about $1,467,754,000. Boston Partners acquired a new stake in Uber Technologies in the 4th quarter worth about $381,057,000. Finally, Pacer Advisors Inc. increased its stake in Uber Technologies by 2,571.2% during the 1st quarter. Pacer Advisors Inc. now owns 6,498,167 shares of the ride-sharing company’s stock worth $473,456,000 after buying an additional 6,254,898 shares in the last quarter. Hedge funds and other institutional investors 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.