UBS Group Cuts Uber Technologies (NYSE:UBER) Price Target to $107.00

Uber Technologies (NYSE:UBER) had its price objective reduced by UBS Group from $114.00 to $107.00 in a report released on Monday morning,Benzinga reports. They currently have a buy rating on the ride-sharing company’s stock.

Several other research analysts have also recently commented on the company. Truist Financial cut their price target on Uber Technologies from $99.00 to $95.00 and set a “buy” rating on the stock in a research note on Friday, November 1st. Bank of America boosted their price objective on Uber Technologies from $88.00 to $96.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. Jefferies Financial Group boosted their price objective on Uber Technologies from $100.00 to $105.00 and gave the stock a “buy” rating in a research report on Tuesday, October 22nd. The Goldman Sachs Group restated a “buy” rating and issued a $96.00 target price on shares of Uber Technologies in a research report on Thursday, January 2nd. Finally, Needham & Company LLC restated a “buy” rating and issued a $90.00 target price on shares of Uber Technologies in a research report on Monday, January 27th. Seven analysts have rated the stock with a hold rating, thirty-one have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $90.89.

Uber Technologies Price Performance

Shares of NYSE:UBER opened at $67.33 on Monday. The company has a market cap of $141.78 billion, a P/E ratio of 33.50, a P/E/G ratio of 0.77 and a beta of 1.39. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.70. Uber Technologies has a 52 week low of $54.84 and a 52 week high of $87.00. The business has a fifty day simple moving average of $65.61 and a 200-day simple moving average of $70.09.

Insider Buying and Selling at Uber Technologies

In other news, insider Jill Hazelbaker sold 27,780 shares of the stock in a transaction on 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 completion of the transaction, the insider now owns 107,289 shares in the company, valued at approximately $7,821,368.10. This represents a 20.57 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 3.80% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Matauro LLC bought a new position in shares of Uber Technologies during the 4th quarter worth $1,228,000. Greystone Financial Group LLC grew its stake in shares of Uber Technologies by 127.7% during the 4th quarter. Greystone Financial Group LLC now owns 23,982 shares of the ride-sharing company’s stock worth $1,447,000 after acquiring an additional 13,452 shares during the period. Paradigm Asset Management Co. LLC bought a new position in shares of Uber Technologies during the 4th quarter worth $229,000. Investment Management Associates Inc. ADV grew its stake in shares of Uber Technologies by 29.5% during the 4th quarter. Investment Management Associates Inc. ADV now owns 434,309 shares of the ride-sharing company’s stock worth $26,198,000 after acquiring an additional 98,942 shares during the period. Finally, Compass Capital Corp MA ADV bought a new position in shares of Uber Technologies during the 4th quarter worth $1,186,000. Institutional investors own 80.24% of the company’s stock.

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.