Truist Securiti upgraded the EPS estimates for the financial year 2020 for Uber Technologies (NASDAQ: UBER) to $3.75/share. They have also estimated EPS earnings of Q4 FY2020 of $0.42, $1.24 for FY2021, $0.55 for FY2022, $0.03 for FY2023, and $0.72 for FY2024.
The firm started on Wednesday from $51 with the market cap being $89.95B. The lowest in 52 weeks is $13.71 while the highest is $56.02. Their current, quick, and debt-to-equity are 1.64, 1.64, and 0.65. Their 50-day rolling average stands at $46.94 while the 200-day is at $36.96.
According to the 5th November report, the company had a quarterly EPS earnings of $0.62, surpassing the $0.60 consensus estimate by a margin of $0.02. Their net margin was 50.99% with the equity return being 38.83%. Their quarterly revenue was $3.13B that fell short of the $3.19B estimates.
UBER Stock Ventures
Smith B. Citigroup increased the price objective of UBER to $60 from $40. Barclays raised it to $50 from $43 and gave a rating of ‘overweight’. BTIG Research promoted it to $65 from $55. Needham&Co. increased it to $60 from $ 50 and gave a rating of ‘buy’. Bank of America upgraded it to $49 from $44 and gave a rating of ‘buy’. The company has a consensus ‘buy’ recommendation with a $51.56 price objective.
Tony West, an insider, sold off 2,000 shares at $36.09 worth $72,180. Insiders own stock worth 8.66%.
Morgan Stanley raised their position in UBER stock by a value of 16.7% in Q3, owning $101,457,585 worth of shares. BlackRock Inc increased its stake by a value of 42.7% in Q3, owning shares priced at $2,204,243,000. Vanguard Group upped its holdings by a value of 13.9% in Q2, owning $1,680,165,000 worth of shares. State Street Corp owns shares valued at $856,596,000. Jackson Partners upped their stake by 10.8% in Q3, owning $711,514,000 worth of shares. 67.75% of UBER stock is owned by institutional investors.
