Shares of Uber Technologies Inc (NYSE:UBER) have earned a consensus rating of “Buy” from the thirty-nine ratings firms that are covering the stock, Marketbeat reports. Ten research analysts have rated the stock with a hold rating and twenty-eight have issued a buy rating on the company. The average 1 year target price among brokerages that have covered the stock in the last year is $50.08.
A number of brokerages have weighed in on UBER. MKM Partners raised their price objective on Uber Technologies to $34.00 in a research note on Tuesday, November 5th. Bank of America set a $53.00 target price on Uber Technologies and gave the stock a “buy” rating in a research report on Thursday, October 10th. Raymond James set a $54.00 target price on Uber Technologies and gave the stock a “buy” rating in a research report on Monday, September 30th. Evercore ISI set a $60.00 target price on Uber Technologies and gave the stock a “buy” rating in a research report on Wednesday, September 18th. Finally, Zacks Investment Research lowered Uber Technologies from a “strong-buy” rating to a “hold” rating and set a $38.00 target price for the company. in a research report on Friday, October 25th.
NYSE UBER traded up $0.30 during mid-day trading on Thursday, reaching $27.05. 31,723,877 shares of the company’s stock traded hands, compared to its average volume of 15,138,026. Uber Technologies has a 1-year low of $25.58 and a 1-year high of $47.08. The firm’s fifty day simple moving average is $30.00. The company has a quick ratio of 2.82, a current ratio of 2.82 and a debt-to-equity ratio of 0.46.
In related news, insider Manik Gupta sold 15,188 shares of the firm’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $27.01, for a total value of $410,227.88. Also, Director Travis Cordell Kalanick sold 251,713 shares of Uber Technologies stock in a transaction on Monday, November 11th. The shares were sold at an average price of $27.15, for a total value of $6,834,007.95. Following the sale, the director now directly owns 75,132,095 shares in the company, valued at approximately $2,039,836,379.25. The disclosure for this sale can be found here. In the last three months, insiders sold 27,738,177 shares of company stock worth $746,644,448.
Institutional investors have recently made changes to their positions in the business. Legacy Advisors LLC bought a new stake in Uber Technologies during the 2nd quarter valued at $26,000. Sound Income Strategies LLC bought a new stake in Uber Technologies during the 2nd quarter valued at $28,000. Avestar Capital LLC bought a new stake in Uber Technologies during the 2nd quarter valued at $27,000. Signaturefd LLC bought a new stake in Uber Technologies during the 2nd quarter valued at $31,000. Finally, Regal Wealth Group Inc. bought a new stake in Uber Technologies during the 2nd quarter valued at $32,000. 45.09% of the stock is currently owned by hedge funds and other institutional investors.
About Uber Technologies
Uber Technologies, Inc develops and supports proprietary technology applications that enable independent providers of ridesharing, and meal preparation and delivery services to transact with end-users worldwide. The company operates in two segments, Core Platform and Other Bets. Its driver partners provide ridesharing services through a range of vehicles, such as cars, auto rickshaws, motorbikes, minibuses, or taxis, as well as based on the number of riders under the UberBLACK, UberX, UberPOOL, Express POOL, and Uber Bus names; and restaurant and delivery partners provide meal preparation and delivery services under the Uber Eats name.
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