Uber Technologies (NYSE:UBER – Free Report) had its price target hoisted by Cantor Fitzgerald from $75.00 to $80.00 in a research report released on Tuesday morning,Benzinga reports. They currently have an overweight rating on the ride-sharing company’s stock.
Other equities research analysts have also issued reports about the stock. The Goldman Sachs Group restated a “buy” rating and set a $96.00 price objective on shares of Uber Technologies in a report on Thursday, January 2nd. Citizens Jmp cut shares of Uber Technologies from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 2nd. BMO Capital Markets reaffirmed an “outperform” rating and issued a $92.00 target price on shares of Uber Technologies in a report on Friday, October 11th. DA Davidson lifted their price target on Uber Technologies from $82.00 to $84.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. Finally, Wells Fargo & Company dropped their price objective on Uber Technologies from $97.00 to $90.00 and set an “overweight” rating on the stock in a research note on Friday, November 1st. Seven investment analysts have rated the stock with a hold rating, thirty-one have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $91.08.
Read Our Latest Research Report on UBER
Uber Technologies Trading Down 1.0 %
Uber Technologies (NYSE:UBER – Get Free Report) last announced its earnings results on Thursday, October 31st. The ride-sharing company reported $1.20 earnings per share for the quarter, beating analysts’ consensus estimates of $0.41 by $0.79. The company had revenue of $11.19 billion during the quarter, compared to analyst estimates of $10.99 billion. Uber Technologies had a return on equity of 33.46% and a net margin of 10.49%. The firm’s quarterly revenue was up 20.4% compared to the same quarter last year. During the same period last year, the company posted $0.10 earnings per share. Research analysts forecast that Uber Technologies will post 1.86 earnings per share for the current fiscal year.
Insider Activity at Uber Technologies
In other Uber Technologies news, insider Jill Hazelbaker sold 27,780 shares of Uber Technologies stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $72.90, for a total transaction of $2,025,162.00. Following the transaction, the insider now directly owns 107,289 shares of the company’s stock, valued at approximately $7,821,368.10. The trade was a 20.57 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 3.84% of the stock is owned by company insiders.
Hedge Funds Weigh In On Uber Technologies
A number of hedge funds have recently made changes to their positions in the stock. Canvas Wealth Advisors LLC increased its holdings in Uber Technologies by 13.8% in the fourth quarter. Canvas Wealth Advisors LLC now owns 173,264 shares of the ride-sharing company’s stock worth $10,451,000 after purchasing an additional 21,043 shares in the last quarter. Focused Wealth Management Inc acquired a new stake in shares of Uber Technologies during the 4th quarter worth approximately $217,000. Birch Hill Investment Advisors LLC increased its stake in shares of Uber Technologies by 57.0% in the 4th quarter. Birch Hill Investment Advisors LLC now owns 87,447 shares of the ride-sharing company’s stock valued at $5,275,000 after acquiring an additional 31,763 shares in the last quarter. Empirical Finance LLC lifted its position in shares of Uber Technologies by 9.6% during the 4th quarter. Empirical Finance LLC now owns 10,035 shares of the ride-sharing company’s stock valued at $605,000 after acquiring an additional 875 shares during the period. Finally, Empowered Funds LLC boosted its stake in Uber Technologies by 66.0% during the fourth quarter. Empowered Funds LLC now owns 57,877 shares of the ride-sharing company’s stock worth $3,491,000 after acquiring an additional 23,019 shares in the last quarter. 80.24% of the stock is currently owned by institutional investors.
Uber Technologies Company Profile
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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