Uber Technologies’ (UBER) “Buy” Rating Reiterated at The Goldman Sachs Group

The Goldman Sachs Group reissued their buy rating on shares of Uber Technologies (NYSE:UBER) in a research report report published on Thursday,Benzinga reports. The firm currently has a $96.00 price target on the ride-sharing company’s stock.

A number of other brokerages have also recently issued reports on UBER. Daiwa America cut 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 shares of Uber Technologies from $80.00 to $82.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Raymond James initiated coverage on shares of Uber Technologies in a research note on Tuesday, September 24th. They set a “strong-buy” rating and a $90.00 price objective for the company. Oppenheimer upped their target price on shares of Uber Technologies from $90.00 to $95.00 and gave the stock an “outperform” rating in a research note on Friday, September 27th. Finally, Daiwa Capital Markets lowered shares of Uber Technologies from an “outperform” rating to a “neutral” rating and set a $84.00 price objective for the company. in a report on Thursday, October 17th. Seven research analysts have rated the stock with a hold rating, thirty-one have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $91.53.

Uber Technologies Stock Up 2.2 %

Shares of NYSE UBER opened at $64.59 on Thursday. The company has a market cap of $136.01 billion, a price-to-earnings ratio of 32.13, a PEG ratio of 0.75 and a beta of 1.33. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.70. The firm’s fifty day moving average is $67.98 and its 200 day moving average is $70.69. Uber Technologies has a 52 week low of $54.84 and a 52 week high of $87.00.

Uber Technologies (NYSE:UBER) last released its quarterly earnings data on Thursday, October 31st. The ride-sharing company reported $1.20 earnings per share for the quarter, topping the consensus estimate of $0.41 by $0.79. Uber Technologies had a return on equity of 33.46% and a net margin of 10.49%. The business had revenue of $11.19 billion during the quarter, compared to analysts’ expectations of $10.99 billion. During the same quarter last year, the business posted $0.10 EPS. The business’s revenue was up 20.4% on a year-over-year basis. On average, equities research analysts expect that Uber Technologies will post 1.89 earnings per share for the current year.

Insider Buying and Selling

In other news, insider Jill Hazelbaker sold 27,780 shares of the business’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $72.90, for a total value of $2,025,162.00. Following the completion of the transaction, the insider now directly owns 107,289 shares of the company’s stock, valued at approximately $7,821,368.10. The trade was a 20.57 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 3.84% of the stock is owned by insiders.

Institutional Investors Weigh In On Uber Technologies

Several institutional investors have recently bought and sold shares of the company. GHP Investment Advisors Inc. raised its position in shares of Uber Technologies by 222.7% in the 2nd quarter. GHP Investment Advisors Inc. now owns 355 shares of the ride-sharing company’s stock valued at $26,000 after purchasing an additional 245 shares during the last quarter. MCF Advisors LLC raised its holdings in shares of Uber Technologies by 1,038.5% in the second quarter. MCF Advisors LLC now owns 444 shares of the ride-sharing company’s stock worth $32,000 after buying an additional 405 shares during the last quarter. Fairfield Financial Advisors LTD acquired a new stake in shares of Uber Technologies during the second quarter worth $36,000. Financial Management Professionals Inc. grew its holdings in shares of Uber Technologies by 104.1% during the third quarter. Financial Management Professionals Inc. now owns 494 shares of the ride-sharing company’s stock valued at $37,000 after buying an additional 252 shares during the last quarter. Finally, Transcendent Capital Group LLC increased its position in shares of Uber Technologies by 3,928.6% in the 3rd quarter. Transcendent Capital Group LLC now owns 564 shares of the ride-sharing company’s stock valued at $42,000 after acquiring an additional 550 shares during the period. 80.24% of the stock is currently owned by institutional investors and hedge funds.

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.