Wedbush reiterated their buy rating on shares of Uber Technologies (NYSE:UBER) in a report published on Monday morning, AnalystRatings.com reports. They currently have a $50.00 target price on the ride-sharing company’s stock.

A number of other equities analysts also recently weighed in on the stock. MKM Partners raised shares of Uber Technologies from a neutral rating to a buy rating and set a $45.00 target price for the company in a research note on Friday, February 7th. Sanford C. Bernstein began coverage on shares of Uber Technologies in a research note on Thursday, January 9th. They issued an outperform rating and a $40.00 target price for the company. Goldman Sachs Group boosted their target price on shares of Uber Technologies from $44.00 to $49.00 and gave the stock a buy rating in a research note on Friday, February 7th. Oppenheimer boosted their target price on shares of Uber Technologies from $45.00 to $50.00 and gave the stock an outperform rating in a research note on Friday, February 7th. Finally, DA Davidson boosted their target price on shares of Uber Technologies from $35.00 to $43.00 and gave the stock a neutral rating in a research note on Friday, February 7th. Ten analysts have rated the stock with a hold rating and thirty-six have given a buy rating to the stock. The company presently has an average rating of Buy and an average target price of $48.96.

NYSE:UBER opened at $40.09 on Monday. The firm has a market cap of $68.25 billion and a PE ratio of -4.83. Uber Technologies has a 12 month low of $25.58 and a 12 month high of $47.08. 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 company’s 50-day moving average price is $35.24 and its two-hundred day moving average price is $32.84.

Uber Technologies (NYSE:UBER) last announced its earnings results on Thursday, February 6th. The ride-sharing company reported ($0.64) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.68) by $0.04. Uber Technologies had a negative net margin of 60.13% and a negative return on equity of 109.84%. The company had revenue of $4.07 billion during the quarter, compared to the consensus estimate of $4.06 billion. Uber Technologies’s quarterly revenue was up 36.8% on a year-over-year basis. On average, research analysts expect that Uber Technologies will post -2.28 EPS for the current fiscal year.

In related news, CEO Dara Khosrowshahi purchased 250,000 shares of Uber Technologies stock in a transaction dated Monday, November 18th. The stock was bought at an average price of $26.75 per share, for a total transaction of $6,687,500.00. Following the completion of the acquisition, the chief executive officer now directly owns 1,530,939 shares of the company’s stock, valued at $40,952,618.25. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Travis Cordell Kalanick sold 2,121,290 shares of the company’s stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $26.77, for a total transaction of $56,786,933.30. Following the completion of the transaction, the director now owns 71,024,087 shares of the company’s stock, valued at approximately $1,901,314,808.99. The disclosure for this sale can be found here. Over the last three months, insiders have sold 39,036,326 shares of company stock valued at $1,132,372,263.

Several institutional investors have recently added to or reduced their stakes in the company. FMR LLC boosted its holdings in 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 purchasing an additional 32,316,244 shares during the last quarter. BlackRock Inc. bought a new stake in Uber Technologies during the second quarter worth $1,020,876,000. State Street Corp raised its position in 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 in the last quarter. Jennison Associates LLC raised its position in 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 in the last quarter. Finally, FIL Ltd bought a new stake in Uber Technologies during the fourth quarter worth $128,513,000. Institutional investors own 45.26% of the company’s stock.

Uber Technologies Company Profile

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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