Cantor Fitzgerald reiterated their overweight rating on shares of Uber Technologies (NYSE:UBER – Free Report) in a report issued on Monday morning, Benzinga reports. The brokerage currently has a $90.00 price objective on the ride-sharing company’s stock.
Several other equities analysts have also issued reports on the company. The Goldman Sachs Group increased their target price on Uber Technologies from $85.00 to $90.00 and gave the stock a buy rating in a research note on Wednesday, August 7th. Wells Fargo & Company reissued an overweight rating and set a $97.00 target price on shares of Uber Technologies in a research note on Friday, September 13th. Melius started coverage on Uber Technologies in a research note on Monday, July 22nd. They set a hold rating and a $77.00 target price on the stock. Morgan Stanley increased their target price on Uber Technologies from $90.00 to $95.00 and gave the stock an overweight rating in a research note on Tuesday, July 23rd. Finally, Wolfe Research started coverage on Uber Technologies in a research note on Tuesday, July 16th. They set an outperform rating and a $90.00 target price on the stock. Four investment analysts have rated the stock with a hold rating, thirty-one have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of Moderate Buy and an average target price of $88.11.
Check Out Our Latest Research Report on Uber Technologies
Uber Technologies Stock Performance
Uber Technologies (NYSE:UBER – Get Free Report) last announced its quarterly earnings results on Tuesday, August 6th. The ride-sharing company reported $0.47 EPS for the quarter, beating the consensus estimate of $0.31 by $0.16. Uber Technologies had a return on equity of 17.06% and a net margin of 5.02%. The business had revenue of $10.70 billion for the quarter, compared to analyst estimates of $10.57 billion. During the same quarter in the prior year, the company posted $0.18 EPS. The company’s quarterly revenue was up 15.9% on a year-over-year basis. Equities analysts forecast that Uber Technologies will post 1.04 earnings per share for the current year.
Insider Buying and Selling
In related news, CEO Dara Khosrowshahi sold 500,000 shares of Uber Technologies stock in a transaction on Monday, July 15th. The stock was sold at an average price of $71.91, for a total transaction of $35,955,000.00. Following the completion of the transaction, the chief executive officer now directly owns 1,266,114 shares of the company’s stock, valued at approximately $91,046,257.74. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. In other Uber Technologies news, CEO Dara Khosrowshahi sold 500,000 shares of the firm’s stock in a transaction on Monday, July 15th. The stock was sold at an average price of $71.91, for a total transaction of $35,955,000.00. Following the completion of the transaction, the chief executive officer now owns 1,266,114 shares of the company’s stock, valued at approximately $91,046,257.74. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Jill Hazelbaker sold 40,000 shares of the firm’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $72.00, for a total value of $2,880,000.00. Following the transaction, the insider now directly owns 127,352 shares of the company’s stock, valued at $9,169,344. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. 3.84% of the stock is currently owned by insiders.
Hedge Funds Weigh In On Uber Technologies
Hedge funds have recently bought and sold shares of the stock. Aptus Capital Advisors LLC increased its position in Uber Technologies by 17.1% during the second quarter. Aptus Capital Advisors LLC now owns 9,468 shares of the ride-sharing company’s stock worth $688,000 after buying an additional 1,383 shares in the last quarter. Samlyn Capital LLC purchased a new stake in shares of Uber Technologies in the second quarter valued at $134,987,000. Brookstone Capital Management grew its position in shares of Uber Technologies by 19.0% in the second quarter. Brookstone Capital Management now owns 161,494 shares of the ride-sharing company’s stock valued at $11,082,000 after purchasing an additional 25,814 shares during the period. U.S. Capital Wealth Advisors LLC grew its position in shares of Uber Technologies by 26.4% in the second quarter. U.S. Capital Wealth Advisors LLC now owns 41,254 shares of the ride-sharing company’s stock valued at $2,998,000 after purchasing an additional 8,614 shares during the period. Finally, CIBC Private Wealth Group LLC grew its position in shares of Uber Technologies by 70.3% in the fourth quarter. CIBC Private Wealth Group LLC now owns 15,568 shares of the ride-sharing company’s stock valued at $959,000 after purchasing an additional 6,426 shares during the period. Hedge funds and other institutional investors own 80.24% of the company’s stock.
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.
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