Uber Technologies (NYSE:UBER) Price Target Raised to $92.00

Uber Technologies (NYSE:UBER) had its price target upped by Truist Financial from $90.00 to $92.00 in a research note published on Thursday,Benzinga reports. They currently have a buy rating on the ride-sharing company’s stock.

Several other analysts have also commented on the stock. Wolfe Research increased their price target on shares of Uber Technologies from $90.00 to $92.00 and gave the company an “outperform” rating in a research report on Friday, January 3rd. DA Davidson dropped their price target on Uber Technologies from $84.00 to $80.00 and set a “buy” rating for the company in a research report on Thursday, February 6th. Wells Fargo & Company cut their price target on Uber Technologies from $90.00 to $87.00 and set an “overweight” rating for the company in a report on Thursday, February 6th. Arete Research upgraded Uber Technologies to a “hold” rating in a research report on Tuesday, February 18th. Finally, The Goldman Sachs Group reissued a “buy” rating and issued a $96.00 target price on shares of Uber Technologies in a research note on Thursday, January 2nd. Eight equities research analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $90.71.

Uber Technologies Stock Up 1.9 %

UBER stock opened at $76.38 on Thursday. The company’s 50-day moving average price is $70.92 and its 200 day moving average price is $71.63. Uber Technologies has a 52 week low of $54.84 and a 52 week high of $87.00. The company has a current ratio of 1.07, a quick ratio of 1.41 and a debt-to-equity ratio of 0.37. The company has a market cap of $159.55 billion, a P/E ratio of 16.75, a P/E/G ratio of 0.89 and a beta of 1.39.

Uber Technologies (NYSE:UBER) last issued its quarterly earnings data on Wednesday, February 5th. The ride-sharing company reported $3.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.50 by $2.71. Uber Technologies had a return on equity of 62.60% and a net margin of 22.41%. On average, research analysts expect that Uber Technologies will post 2.54 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, insider Jill Hazelbaker sold 31,000 shares of the firm’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $81.02, for a total value of $2,511,620.00. Following the transaction, the insider now directly owns 86,973 shares in the company, valued at approximately $7,046,552.46. This trade represents a 26.28 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 3.84% of the company’s stock.

Institutional Investors Weigh In On Uber Technologies

Several institutional investors and hedge funds have recently bought and sold shares of UBER. Castle Rock Wealth Management LLC bought a new position in shares of Uber Technologies during the fourth quarter valued at approximately $1,115,000. Probity Advisors Inc. raised its holdings in shares of Uber Technologies by 118.8% during the fourth quarter. Probity Advisors Inc. now owns 6,786 shares of the ride-sharing company’s stock valued at $409,000 after buying an additional 3,685 shares during the last quarter. Audent Global Asset Management LLC acquired a new position in shares of Uber Technologies during the fourth quarter worth approximately $470,000. Park Square Financial Group LLC bought a new position in Uber Technologies in the 4th quarter worth approximately $276,000. Finally, Total Wealth Planning & Management Inc. acquired a new stake in Uber Technologies in the 4th quarter valued at approximately $406,000. Institutional investors and hedge funds own 80.24% of the company’s stock.

About Uber Technologies

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.