Uber Technologies (NYSE:UBER) Earns Buy Rating from Mizuho

Mizuho reissued their buy rating on shares of Uber Technologies (NYSE:UBER) in a research note published on Monday, TipRanks reports. They currently have a $50.00 target price on the ride-sharing company’s stock.

UBER has been the subject of several other reports. Cowen restated a buy rating and set a $60.00 target price on shares of Uber Technologies in a research report on Tuesday, November 26th. Royal Bank of Canada cut their target price on shares of Uber Technologies from $64.00 to $59.00 and set an outperform rating for the company in a research report on Friday, February 7th. Bank of America restated a buy rating and set a $44.00 target price on shares of Uber Technologies in a research report on Wednesday, January 15th. Morgan Stanley boosted their target price on shares of Uber Technologies from $55.00 to $58.00 and gave the company an overweight rating in a research report on Friday, February 21st. Finally, Stifel Nicolaus boosted their target price on shares of Uber Technologies from $40.00 to $44.00 and gave the company a buy rating in a research report on Friday, February 7th. Nine investment analysts have rated the stock with a hold rating and thirty-eight have issued a buy rating to the company’s stock. Uber Technologies presently has a consensus rating of Buy and an average target price of $49.11.

UBER opened at $32.45 on Monday. The company has a quick ratio of 2.82, a current ratio of 2.82 and a debt-to-equity ratio of 0.46. The firm has a 50 day moving average price of $37.44 and a 200-day moving average price of $32.65. Uber Technologies has a twelve month low of $25.58 and a twelve month high of $47.08. The stock has a market capitalization of $61.22 billion and a price-to-earnings ratio of -3.91.

Uber Technologies (NYSE:UBER) last released its quarterly earnings data on Thursday, February 6th. The ride-sharing company reported ($0.64) earnings per share for the quarter, beating the consensus estimate of ($0.68) by $0.04. The firm had revenue of $4.07 billion during the quarter, compared to analysts’ expectations of $4.06 billion. Uber Technologies had a negative net margin of 60.13% and a negative return on equity of 109.84%. Uber Technologies’s revenue was up 36.8% compared to the same quarter last year. As a group, analysts expect that Uber Technologies will post -2.04 earnings per share for the current year.

In related news, Director Garrett Camp sold 170,000 shares of the company’s stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $40.64, for a total transaction of $6,908,800.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Travis Cordell Kalanick sold 7,848,913 shares of the company’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of $29.95, for a total transaction of $235,074,944.35. Following the transaction, the director now owns 13,764,647 shares of the company’s stock, valued at approximately $412,251,177.65. The disclosure for this sale can be found here. Over the last quarter, insiders sold 20,053,818 shares of company stock valued at $598,851,492.

Several large investors have recently modified their holdings of UBER. FMR LLC boosted its position in shares of Uber Technologies by 120.4% during the fourth quarter. FMR LLC now owns 59,147,845 shares of the ride-sharing company’s stock worth $1,759,055,000 after acquiring an additional 32,316,244 shares during the last quarter. BlackRock Inc. bought a new position in shares of Uber Technologies during the second quarter worth $1,020,876,000. State Street Corp boosted its position in shares of Uber Technologies by 204.9% during the fourth quarter. State Street Corp now owns 11,655,560 shares of the ride-sharing company’s stock worth $346,636,000 after acquiring an additional 7,833,289 shares during the last quarter. Janus Henderson Group PLC boosted its position in shares of Uber Technologies by 158.1% during the fourth quarter. Janus Henderson Group PLC now owns 11,394,381 shares of the ride-sharing company’s stock worth $338,832,000 after acquiring an additional 6,979,108 shares during the last quarter. Finally, Jennison Associates LLC boosted its position in shares of Uber Technologies by 230.9% during the fourth quarter. Jennison Associates LLC now owns 9,667,032 shares of the ride-sharing company’s stock worth $287,498,000 after acquiring an additional 6,745,838 shares during the last quarter. Hedge funds and other institutional investors own 58.34% of the company’s stock.

About Uber Technologies

Uber Technologies, Inc develops and supports proprietary technology applications that enable independent providers of ridesharing, and meal preparation and delivery services to transact with end-users worldwide. The company operates in two segments, Core Platform and Other Bets. Its driver partners provide ridesharing services through a range of vehicles, such as cars, auto rickshaws, motorbikes, minibuses, or taxis, as well as based on the number of riders under the UberBLACK, UberX, UberPOOL, Express POOL, and Uber Bus names; and restaurant and delivery partners provide meal preparation and delivery services under the Uber Eats name.

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Analyst Recommendations for Uber Technologies (NYSE:UBER)

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