FY2024 EPS Estimates for UBER Decreased by Cantor Fitzgerald

Uber Technologies, Inc. (NYSE:UBER) – Investment analysts at Cantor Fitzgerald decreased their FY2024 earnings per share estimates for shares of Uber Technologies in a research report issued on Tuesday, January 7th. Cantor Fitzgerald analyst D. Mathivanan now forecasts that the ride-sharing company will post earnings per share of $1.88 for the year, down from their previous forecast of $1.95. Cantor Fitzgerald currently has a “Overweight” rating and a $90.00 target price on the stock. The consensus estimate for Uber Technologies’ current full-year earnings is $1.89 per share.

Uber Technologies (NYSE:UBER) last announced its earnings results on Thursday, October 31st. The ride-sharing company reported $1.20 EPS for the quarter, beating the consensus estimate of $0.41 by $0.79. The company had revenue of $11.19 billion during the quarter, compared to the consensus estimate of $10.99 billion. Uber Technologies had a net margin of 10.49% and a return on equity of 33.46%. The firm’s revenue for the quarter was up 20.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.10 earnings per share.

UBER has been the subject of several other research reports. Bank of America boosted their price objective on shares of Uber Technologies from $88.00 to $96.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. Wolfe Research boosted their price target on shares of Uber Technologies from $90.00 to $92.00 and gave the company an “outperform” rating in a research report on Friday, January 3rd. Citizens Jmp downgraded Uber Technologies from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 2nd. Evercore ISI boosted their target price on Uber Technologies from $90.00 to $120.00 and gave the stock an “outperform” rating in a research report on Thursday, October 31st. Finally, Truist Financial decreased their target price on Uber Technologies from $99.00 to $95.00 and set a “buy” rating on the stock in a research note on Friday, November 1st. Seven analysts have rated the stock with a hold rating, thirty-one have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $91.53.

Uber Technologies Trading Down 1.8 %

Shares of UBER opened at $64.96 on Thursday. The firm has a market cap of $136.79 billion, a P/E ratio of 32.32, a price-to-earnings-growth ratio of 0.75 and a beta of 1.36. 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 moving average of $67.20 and a 200 day moving average of $70.59. Uber Technologies has a fifty-two week low of $54.84 and a fifty-two week high of $87.00.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in UBER. LGT Fund Management Co Ltd. bought a new position in Uber Technologies during the 2nd quarter valued at about $567,000. Royal London Asset Management Ltd. boosted its holdings in Uber Technologies by 3.0% in the second quarter. Royal London Asset Management Ltd. now owns 814,543 shares of the ride-sharing company’s stock worth $59,201,000 after purchasing an additional 23,450 shares during the last quarter. Van Hulzen Asset Management LLC grew its position in Uber Technologies by 3.4% in the 2nd quarter. Van Hulzen Asset Management LLC now owns 7,603 shares of the ride-sharing company’s stock worth $553,000 after purchasing an additional 248 shares during the period. Coldstream Capital Management Inc. raised its stake in Uber Technologies by 8.2% during the 2nd quarter. Coldstream Capital Management Inc. now owns 16,229 shares of the ride-sharing company’s stock valued at $1,180,000 after buying an additional 1,235 shares during the last quarter. Finally, Angeles Wealth Management LLC lifted its holdings in shares of Uber Technologies by 4.6% during the 2nd quarter. Angeles Wealth Management LLC now owns 6,306 shares of the ride-sharing company’s stock valued at $458,000 after buying an additional 275 shares during the period. Institutional investors own 80.24% of the company’s stock.

Insider Activity

In other Uber Technologies news, insider Jill Hazelbaker sold 27,780 shares of the firm’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $72.90, for a total transaction of $2,025,162.00. Following the completion of the transaction, the insider now owns 107,289 shares of the company’s stock, valued at approximately $7,821,368.10. This trade represents a 20.57 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 3.84% of the stock is currently owned by company insiders.

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.