Investors Should Take Note Of Uber Technologies Inc. (UBER)


    The Vanguard Group, Inc. has recently announced that it has increased stake in Uber Technologies Inc. (NYSE:UBER) by 11.87%. After grabbing 51.67 million shares, the institutional investor is now in possession of 5.48 million shares of the Technology Company. The new investment brought the stake of investor firm to 2.96% having worth around $1.56 billion. Moreover, Morgan Stanley Investment Managem.. increased its share by 6.68 million to have a control over 46.12 million shares. And Jennison Associates LLC raised its holdings to 13.96 million shares by acquiring 45.14 million shares or 2.59% of the stake.

    Uber Technologies Inc. (UBER) concluded trading on 08/27/20 at a closing price of $32.80, with 21.27 million shares of worth about $697.76 million changed hands on the day. Weekly performance of the stock remained positive as price took a surge of 4.43% during that period and on Thursday the price saw a gain of about 1.55%. Currently the company’s common shares owned by public are about 1.74B shares, out of which, 1.63B shares are available for trading.

    A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 41 analyst is covering the UBER stock and their offered price forecasts bring an average price target of $41.64. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $58.00 and could fall to a lowest price of $19.00. Analysts also issued an outlook of 1.90 for the Uber Technologies Inc. stock for next 12 months. The stock’s current price level is 21.08% above of average price target set by the analysts, while a rise to estimated low would result in loss of -72.63 for the stock. However, touching the estimated high of $58.00 would mean a gain of 43.45% for the stock.

    According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 278 times over the past 12 months. They bought 1,654,834 shares in 7 of the transactions. In 271 selling transactions, insiders dumped 114,393,160 shares.

    Vanguard Total Stock Market Index, Harbor Capital Appreciation Fund, and Fidelity Blue Chip Growth Fund are the top 3 mutual funds which are holding stakes in Uber Technologies Inc. Vanguard Total Stock Market Index is currently holding 32.08 million shares of worth totaling $970.69 million. The company recently came selling 47726.0 shares which brought its stake up to 1.84% of the company’s outstanding shares. Harbor Capital Appreciation Fund bought 6.85 million shares, after which its hold over company’s outstanding shares expand to 1.07%, leaving 18.73 million shares with the mutual fund that have a worth of about $566.66 million. Fidelity Blue Chip Growth Fund, after buying 15.86 million shares, have now control over 0.91% of the stake in the company. It holds 14719.0 shares of worth $480.05 million.

    Uber Technologies Inc. (NYSE: UBER) started trading at $32.40, above $0.1 from concluding price of the previous day. However, the stock finished the trading on the day at a closing price of $32.80, or with a gain of 1.55%. Stock saw a price change of 4.43% in past 5 days and over the past one month there was a price change of 5.74%. Year-to-date (YTD), UBER shares are showing a performance of 10.29% which increased to 0.64% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $13.71 but also hit the highest price of $41.86 during that period. While comparing its average daily trading volume of 23.01 million shares, we see that about 21.27 million changed hands on the day. The stock is currently trading 4.84% above its 20-day simple moving average (SMA20), while that difference is up 3.55% for SMA50 and it goes to 4.47% higher than SMA200.

    The Vanguard Group, Inc. acquired 51.67 million shares of Uber Technologies Inc. having value of about $1.56 billion. Data submitted at the U.S SEC by The Vanguard Group, Inc. revealed that the firm now holds 5.48 million shares in the company valued at close to $179845352.0, or have control over 11.87% stake in the company. Uber Technologies Inc. (NYSE: UBER) currently have 1.74B outstanding shares and institutions hold larger chunk of about 69.40% of that. Holding of mutual funds in the company is about 26.68% while other institutional holders and individual stake holders have control over 4.72% and 22.05% of the stake respectively.

    The stock has a current market capitalization of $58.57B. It has posted earnings per share of -$4.03 in the same period. It has Quick Ratio of 1.60 while making debt-to-equity ratio of 0.74. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for UBER, volatility over the week remained 3.35% while standing at 4.02% over the month.

    Analysts are in expectations that Uber Technologies Inc. (UBER) stock would likely to be making an EPS of -$0.65 in the current quarter, while forecast for next quarter ESPS is -$0.52 and it is -$1.64 for next year. For the current quarter EPS, analysts have given the company a lowest target -$1.65 which is -$0.44 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of -$0.68 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 43.80% while it is estimated to increase by 57.70% in next year. EPS is likely to grow at an annualized rate of 64.30% for next 5-years, compared to annual growth of -66.40% made by the stock over the past 5-years.

    Analysts at 41 brokerage firms have issued recommendations for the Uber Technologies Inc. (UBER)’s stock and average of those rates the stock at a “Strong Buy” and assign it a score of 1.90. Out of those 41 Wall Street analysts, 31 recommended a “Buy” rating, while 4 were in favor recommending the stock as a “Hold” and 2 analyst recommended the stock as “Sell”.

    Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Daiwa Securities on August 21, 2020 offering an Outperform rating for the stock and assigned a target price of $34 to it. Coverage by Raymond James stated Uber Technologies Inc. (UBER) stock as a Mkt perform in their note to investors on July 22, 2020, suggesting a price target of for the stock. On June 11, 2020, BTIG Research Initiated their recommendations, while on May 26, 2020, Wolfe Research Upgrade their ratings for the stock with a price target of. Stock get a Buy rating from DA Davidson on May 08, 2020.


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