Uber Technologies (NYSE:UBER) Upgraded to "Strong-Buy" at Arete Research

Arete Research upgraded Uber Technologies (NYSE:UBER) from a "hold" rating to a "strong-buy" rating. Several other analysts also issued positive ratings and price targets for Uber. The company reported strong quarterly earnings, with a significant increase in revenue and net margin. Insiders, including the CFO and CEO, sold shares recently. Institutional investors continue to show interest in Uber, with several acquiring new positions. Uber's stock performance remains strong, with a market cap of $188.28 billion and a PE ratio of 11.65.

Uber Technologies (NYSE:UBER - Get Free Report) was upgraded by Arete Research from a "hold" rating to a "strong-buy" rating in a research note issued on Wednesday,Zacks.com reports.

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Uber Gets a Street-High Upgrade as Robotaxis Roll Out in Dallas

Several other analysts also recently issued reports on UBER. Stifel Nicolaus set a $122.00 price target on Uber Technologies in a research note on Tuesday, November 4th. Deutsche Bank Aktiengesellschaft reissued a "buy" rating and issued a $108.00 target price on shares of Uber Technologies in a research report on Wednesday, October 29th. Cowen reaffirmed a "buy" rating on shares of Uber Technologies in a research report on Wednesday, November 5th. Wall Street Zen raised shares of Uber Technologies from a "hold" rating to a "buy" rating in a research note on Saturday, November 8th. Finally, Mizuho assumed coverage on shares of Uber Technologies in a research report on Monday, September 29th. They issued an "outperform" rating and a $130.00 price objective on the stock. Three equities research analysts have rated the stock with a Strong Buy rating, thirty-one have assigned a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat.com, Uber Technologies has a consensus rating of "Moderate Buy" and an average target price of $109.19.

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Uber Technologies Price Performance

From Science Project to Solvent: WeRide’s 761% Revenue Surge

Shares of UBER opened at $90.61 on Wednesday. The stock has a 50 day simple moving average of $93.07 and a 200 day simple moving average of $91.83. Uber Technologies has a 52-week low of $59.33 and a 52-week high of $101.99. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.15 and a current ratio of 1.15. The firm has a market capitalization of $188.28 billion, a PE ratio of 11.65 and a beta of 1.19.

Uber Technologies (NYSE:UBER - Get Free Report) last announced its quarterly earnings results on Tuesday, November 4th. The ride-sharing company reported $3.11 earnings per share for the quarter, beating analysts' consensus estimates of $0.67 by $2.44. Uber Technologies had a net margin of 33.54% and a return on equity of 68.17%. The firm had revenue of $13.47 billion for the quarter, compared to analyst estimates of $13.25 billion. During the same quarter in the previous year, the firm posted $1.20 earnings per share. The business's revenue was up 20.4% on a year-over-year basis. Sell-side analysts predict that Uber Technologies will post 2.54 EPS for the current fiscal year.

Insider Buying and Selling

MarketBeat Week in Review – 11/03 - 11/07

In other news, CFO Prashanth Mahendra-Rajah sold 5,500 shares of the business's stock in a transaction dated Wednesday, November 12th. The shares were sold at an average price of $94.41, for a total transaction of $519,255.00. Following the transaction, the chief financial officer directly owned 20,330 shares in the company, valued at $1,919,355.30. The trade was a 21.29% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Dara Khosrowshahi sold 300,000 shares of the firm's stock in a transaction dated Friday, September 12th. The shares were sold at an average price of $95.37, for a total transaction of $28,611,000.00. Following the completion of the sale, the chief executive officer owned 1,132,544 shares of the company's stock, valued at $108,010,721.28. This trade represents a 20.94% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 567,625 shares of company stock worth $55,385,660. Insiders own 3.84% of the company's stock.

Institutional Trading of Uber Technologies

Several institutional investors and hedge funds have recently bought and sold shares of UBER. Measured Wealth Private Client Group LLC bought a new stake in Uber Technologies in the 3rd quarter valued at $25,000. Kilter Group LLC acquired a new position in shares of Uber Technologies in the second quarter valued at $26,000. Westend Capital Management LLC bought a new position in shares of Uber Technologies in the third quarter valued at about $27,000. West Oak Capital LLC acquired a new stake in shares of Uber Technologies during the 2nd quarter worth about $28,000. Finally, Truvestments Capital LLC boosted its holdings in shares of Uber Technologies by 498.5% during the 1st quarter. Truvestments Capital LLC now owns 407 shares of the ride-sharing company's stock worth $30,000 after buying an additional 339 shares during the period. Institutional investors own 80.24% of the company's stock.

Uber Technologies Company Profile

(Get Free Report)

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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