Uber Technologies (NYSE:UBER) Downgraded by Daiwa America

Daiwa America downgraded shares of Uber Technologies (NYSE:UBER) from a strong-buy rating to a hold rating in a report issued on Thursday, Zacks.com reports.

Several other brokerages have also commented on UBER. Bank of America restated a “buy” rating and set a $88.00 price target on shares of Uber Technologies in a research note on Friday, October 11th. JMP Securities raised their target price on Uber Technologies from $75.00 to $80.00 and gave the company a “market outperform” rating in a report on Wednesday, August 7th. Wolfe Research assumed coverage on Uber Technologies in a research report on Tuesday, July 16th. They issued an “outperform” rating and a $90.00 price target for the company. Raymond James started coverage on Uber Technologies in a research note on Tuesday, September 24th. They issued a “strong-buy” rating and a $90.00 price objective on the stock. Finally, Wells Fargo & Company reaffirmed an “overweight” rating and set a $97.00 target price on shares of Uber Technologies in a research report on Friday, September 13th. Six investment analysts have rated the stock with a hold rating, thirty-one have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $88.51.

Uber Technologies Price Performance

Shares of NYSE:UBER opened at $79.16 on Thursday. The business has a fifty day simple moving average of $74.30 and a 200 day simple moving average of $70.63. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.72. Uber Technologies has a 1 year low of $40.09 and a 1 year high of $87.00. The firm has a market cap of $166.31 billion, a price-to-earnings ratio of 86.99, a P/E/G ratio of 1.37 and a beta of 1.33.

Uber Technologies (NYSE:UBER) last posted its quarterly earnings results on Tuesday, August 6th. The ride-sharing company reported $0.47 earnings per share for the quarter, topping analysts’ consensus estimates of $0.31 by $0.16. Uber Technologies had a return on equity of 17.06% and a net margin of 5.02%. The company had revenue of $10.70 billion during the quarter, compared to the consensus estimate of $10.57 billion. During the same period last year, the business earned $0.18 EPS. The business’s quarterly revenue was up 15.9% on a year-over-year basis. As a group, sell-side analysts predict that Uber Technologies will post 1.08 earnings per share for the current fiscal year.

Insider Buying and Selling at Uber Technologies

In other news, insider Jill Hazelbaker sold 40,000 shares of the company’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $72.00, for a total value of $2,880,000.00. Following the sale, the insider now owns 127,352 shares of the company’s stock, valued at approximately $9,169,344. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 3.84% of the company’s stock.

Institutional Investors Weigh In On Uber Technologies

Large investors have recently bought and sold shares of the business. Procyon Advisors LLC increased its position in Uber Technologies by 2.1% in the 3rd quarter. Procyon Advisors LLC now owns 6,326 shares of the ride-sharing company’s stock valued at $476,000 after acquiring an additional 131 shares in the last quarter. Wealthspire Advisors LLC raised its position in Uber Technologies by 0.6% in the 2nd quarter. Wealthspire Advisors LLC now owns 24,893 shares of the ride-sharing company’s stock worth $1,809,000 after purchasing an additional 151 shares during the last quarter. Sivia Capital Partners LLC raised its position in Uber Technologies by 3.3% in the 1st quarter. Sivia Capital Partners LLC now owns 4,882 shares of the ride-sharing company’s stock worth $376,000 after purchasing an additional 157 shares during the last quarter. Wellington Shields Capital Management LLC lifted its holdings in Uber Technologies by 6.1% during the 1st quarter. Wellington Shields Capital Management LLC now owns 2,756 shares of the ride-sharing company’s stock worth $212,000 after buying an additional 159 shares in the last quarter. Finally, Industrial Alliance Investment Management Inc. boosted its position in Uber Technologies by 3.2% in the 1st quarter. Industrial Alliance Investment Management Inc. now owns 5,170 shares of the ride-sharing company’s stock valued at $398,000 after buying an additional 160 shares during the last quarter. 80.24% of the stock is currently owned by 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.