Uber Technologies (NYSE:UBER) Cut to “Hold” at Wall Street Zen

Wall Street Zen lowered shares of Uber Technologies (NYSE:UBER) from a buy rating to a hold rating in a research report report published on Saturday morning.

Several other brokerages have also issued reports on UBER. TD Cowen decreased their price objective on Uber Technologies from $90.00 to $88.00 and set a “buy” rating for the company in a research report on Tuesday, April 8th. Arete Research upgraded Uber Technologies to a “hold” rating in a research note on Tuesday, February 18th. Citigroup increased their price objective on Uber Technologies from $92.00 to $102.00 and gave the stock a “buy” rating in a research report on Thursday, May 8th. Wedbush cut Uber Technologies from an “outperform” rating to a “neutral” rating and increased their price objective for the stock from $80.00 to $85.00 in a research report on Thursday, May 8th. Finally, Fox Advisors lowered Uber Technologies from an “overweight” rating to an “equal weight” rating in a report on Tuesday, March 11th. Twelve analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $93.91.

Uber Technologies Price Performance

Shares of UBER opened at $87.19 on Friday. Uber Technologies has a twelve month low of $54.84 and a twelve month high of $93.60. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.41 and a current ratio of 1.07. The firm’s 50 day moving average price is $80.63 and its 200 day moving average price is $73.62. The firm has a market cap of $182.33 billion, a PE ratio of 19.12, a PEG ratio of 0.89 and a beta of 1.38.

Uber Technologies (NYSE:UBER) last posted its quarterly earnings results on Wednesday, May 7th. The ride-sharing company reported $0.83 earnings per share for the quarter, topping analysts’ consensus estimates of $0.50 by $0.33. Uber Technologies had a net margin of 22.41% and a return on equity of 62.60%. The firm had revenue of $11.53 billion for the quarter, compared to the consensus estimate of $11.61 billion. During the same quarter in the previous year, the company earned ($0.32) earnings per share. The business’s revenue was up 13.8% compared to the same quarter last year. As a group, research analysts expect that Uber Technologies will post 2.54 EPS for the current fiscal year.

Insider Buying and Selling

In other Uber Technologies news, insider Jill Hazelbaker sold 34,884 shares of the stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $86.03, for a total value of $3,001,070.52. Following the completion of the sale, the insider now owns 102,135 shares of the company’s stock, valued at $8,786,674.05. This trade represents a 25.46% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the firm’s stock in a transaction on Monday, May 5th. The stock was sold at an average price of $85.00, for a total value of $233,750.00. Following the transaction, the chief financial officer now owns 21,063 shares in the company, valued at $1,790,355. This trade represents a 11.55% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 83,788 shares of company stock worth $6,517,070. 3.84% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Uber Technologies

Several institutional investors and hedge funds have recently bought and sold shares of UBER. Noble Wealth Management PBC acquired a new position in Uber Technologies during the first quarter valued at approximately $27,000. Kozak & Associates Inc. increased its stake in shares of Uber Technologies by 155.9% in the first quarter. Kozak & Associates Inc. now owns 366 shares of the ride-sharing company’s stock valued at $27,000 after buying an additional 223 shares in the last quarter. Vision Financial Markets LLC acquired a new stake in shares of Uber Technologies in the first quarter valued at $27,000. GPS Wealth Strategies Group LLC increased its position in Uber Technologies by 305.1% in the first quarter. GPS Wealth Strategies Group LLC now owns 397 shares of the ride-sharing company’s stock worth $29,000 after purchasing an additional 299 shares during the period. Finally, Perkins Coie Trust Co increased its position in Uber Technologies by 306.0% in the first quarter. Perkins Coie Trust Co now owns 406 shares of the ride-sharing company’s stock worth $30,000 after purchasing an additional 306 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.