KGI Securities Reaffirms “Neutral” Rating for Uber Technologies (NYSE:UBER)

Uber Technologies (NYSE:UBER)‘s stock had its “neutral” rating restated by equities researchers at KGI Securities in a report released on Tuesday,Benzinga reports. They currently have a $78.00 price objective on the ride-sharing company’s stock. KGI Securities’ target price suggests a potential upside of 11.10% from the company’s previous close.

A number of other analysts have also commented on UBER. Piper Sandler reissued an “overweight” rating and set a $87.00 price target (up from $80.00) on shares of Uber Technologies in a research note on Tuesday, February 18th. DA Davidson decreased their price objective on Uber Technologies from $84.00 to $80.00 and set a “buy” rating for the company in a report on Thursday, February 6th. Citigroup reduced their price target on Uber Technologies from $98.00 to $92.00 and set a “buy” rating on the stock in a research report on Thursday, February 6th. Benchmark reaffirmed a “hold” rating on shares of Uber Technologies in a research note on Friday, January 31st. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Uber Technologies from $95.00 to $90.00 and set an “overweight” rating on the stock in a research note on Thursday, February 6th. Ten investment analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $90.31.

Uber Technologies Stock Performance

UBER traded down $2.85 during trading hours on Tuesday, reaching $70.21. The company’s stock had a trading volume of 13,275,828 shares, compared to its average volume of 19,481,721. 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 has a market cap of $146.66 billion, a PE ratio of 15.41, a price-to-earnings-growth ratio of 0.89 and a beta of 1.39. The company’s 50-day moving average is $71.16 and its 200-day moving average is $71.61. 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 earnings results on Wednesday, February 5th. The ride-sharing company reported $3.21 EPS for the quarter, beating the consensus estimate of $0.50 by $2.71. Uber Technologies had a net margin of 22.41% and a return on equity of 62.60%. On average, equities analysts forecast that Uber Technologies will post 2.54 EPS for the current year.

Insider Buying and Selling at Uber Technologies

In other Uber Technologies news, insider Jill Hazelbaker sold 31,000 shares of the stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $81.02, for a total transaction of $2,511,620.00. Following the sale, the insider now directly owns 86,973 shares in the company, valued at approximately $7,046,552.46. This trade represents a 26.28 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 3.84% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Teachers Retirement System of The State of Kentucky raised its holdings in shares of Uber Technologies by 4.4% during the third quarter. Teachers Retirement System of The State of Kentucky now owns 321,726 shares of the ride-sharing company’s stock valued at $24,180,000 after purchasing an additional 13,433 shares during the last quarter. Aviso Wealth Management purchased a new stake in Uber Technologies during the third quarter valued at $2,302,000. Polianta Ltd purchased a new stake in Uber Technologies during the fourth quarter valued at $1,206,000. Allworth Financial LP boosted its position in Uber Technologies by 8.9% in the fourth quarter. Allworth Financial LP now owns 20,381 shares of the ride-sharing company’s stock worth $1,229,000 after purchasing an additional 1,663 shares during the last quarter. Finally, Brophy Wealth Management LLC bought a new stake in shares of Uber Technologies during the 3rd quarter valued at about $1,041,000. 80.24% of the stock is owned by institutional investors.

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.