Uber Technologies (NYSE:UBER) Now Covered by Analysts at BNP Paribas Exane

Analysts at BNP Paribas Exane initiated coverage on shares of Uber Technologies (NYSE:UBER) in a report issued on Wednesday. The brokerage set an “outperform” rating and a $108.00 price target on the ride-sharing company’s stock. BNP Paribas Exane’s price target indicates a potential upside of 27.31% from the stock’s current price.

Other research analysts have also recently issued reports about the stock. Morgan Stanley dropped their target price on shares of Uber Technologies from $115.00 to $110.00 and set an “overweight” rating on the stock in a research note on Monday, December 8th. UBS Group set a $122.00 price objective on Uber Technologies and gave the company a “buy” rating in a research note on Wednesday, November 5th. Guggenheim reduced their price objective on Uber Technologies from $140.00 to $135.00 and set a “buy” rating for the company in a report on Wednesday, November 5th. The Goldman Sachs Group restated a “buy” rating on shares of Uber Technologies in a research note on Wednesday, November 5th. Finally, BTIG Research reiterated a “buy” rating and set a $100.00 price target on shares of Uber Technologies in a research note on Tuesday, November 4th. Two equities research analysts have rated the stock with a Strong Buy rating, thirty-three have assigned a Buy rating, eight have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $107.18.

Uber Technologies Stock Performance

UBER stock traded down $0.58 during midday trading on Wednesday, hitting $84.83. The company’s stock had a trading volume of 1,790,798 shares, compared to its average volume of 16,656,373. The stock’s 50-day moving average price is $86.06 and its 200 day moving average price is $91.25. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.37. Uber Technologies has a 1 year low of $60.63 and a 1 year high of $101.99. The stock has a market cap of $176.26 billion, a price-to-earnings ratio of 10.90 and a beta of 1.20.

Uber Technologies (NYSE:UBER) last announced its earnings results on Tuesday, November 4th. The ride-sharing company reported $3.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.67 by $2.44. The firm had revenue of $13.47 billion during the quarter, compared to analyst estimates of $13.25 billion. Uber Technologies had a return on equity of 68.17% and a net margin of 33.54%.The business’s revenue was up 20.4% compared to the same quarter last year. During the same period last year, the firm posted $1.20 EPS. On average, equities analysts forecast that Uber Technologies will post 2.54 EPS for the current year.

Insider Transactions at Uber Technologies

In other news, insider Tony West sold 3,125 shares of the company’s stock in a transaction dated Thursday, December 18th. The stock was sold at an average price of $80.36, for a total transaction of $251,125.00. Following the sale, the insider directly owned 175,423 shares in the company, valued at $14,096,992.28. This represents a 1.75% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CFO Prashanth Mahendra-Rajah sold 5,500 shares of the stock in a transaction dated Wednesday, November 12th. The stock was sold at an average price of $94.41, for a total transaction of $519,255.00. Following the completion of the sale, the chief financial officer directly owned 20,330 shares in the company, valued at approximately $1,919,355.30. The trade was a 21.29% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 14,875 shares of company stock worth $1,348,818 in the last three months. 3.70% of the stock is currently owned by insiders.

Institutional Trading of Uber Technologies

A number of hedge funds and other institutional investors have recently bought and sold shares of UBER. Foster Group Inc. raised its position in shares of Uber Technologies by 3.3% in the third quarter. Foster Group Inc. now owns 3,364 shares of the ride-sharing company’s stock worth $330,000 after buying an additional 107 shares in the last quarter. Sage Rhino Capital LLC raised its holdings in shares of Uber Technologies by 4.2% in the 3rd quarter. Sage Rhino Capital LLC now owns 2,740 shares of the ride-sharing company’s stock valued at $268,000 after acquiring an additional 110 shares in the last quarter. Quent Capital LLC boosted its position in shares of Uber Technologies by 3.3% during the 3rd quarter. Quent Capital LLC now owns 3,504 shares of the ride-sharing company’s stock valued at $343,000 after acquiring an additional 111 shares during the last quarter. Advisors Capital Management LLC boosted its position in shares of Uber Technologies by 1.8% during the 3rd quarter. Advisors Capital Management LLC now owns 6,398 shares of the ride-sharing company’s stock valued at $627,000 after acquiring an additional 111 shares during the last quarter. Finally, Emergent Wealth Advisors LLC grew its holdings in shares of Uber Technologies by 0.7% during the third quarter. Emergent Wealth Advisors LLC now owns 17,361 shares of the ride-sharing company’s stock worth $1,701,000 after purchasing an additional 114 shares in the last quarter. Institutional investors own 80.24% of the company’s stock.

Uber Technologies Company Profile

Uber Technologies, Inc is a technology company that operates a global platform connecting riders, drivers, couriers, restaurants and shippers. Founded in 2009 by Garrett Camp and Travis Kalanick and headquartered in San Francisco, Uber developed one of the first large-scale ride-hailing marketplaces and has since expanded into a broader set of mobility and logistics services. The company completed its initial public offering in 2019 and continues to position its app-based network as a multi-modal transportation and delivery platform.

Uber’s principal businesses include mobility services (ride-hailing and shared rides), delivery through Uber Eats, and freight logistics via Uber Freight.