Uber Technologies (NYSE:UBER) PT Raised to $114.00

Uber Technologies (NYSE:UBER) had its price objective raised by UBS Group from $102.00 to $114.00 in a research note released on Friday, Benzinga reports. UBS Group currently has a buy rating on the ride-sharing company’s stock.

A number of other research firms also recently issued reports on UBER. Cantor Fitzgerald reissued an “overweight” rating and issued a $90.00 target price on shares of Uber Technologies in a research report on Monday, October 7th. JMP Securities raised their target price on Uber Technologies from $75.00 to $80.00 and gave the stock a “market outperform” rating in a research report on Wednesday, August 7th. Loop Capital raised their target price on Uber Technologies from $83.00 to $84.00 and gave the stock a “buy” rating in a research report on Tuesday, September 3rd. Melius Research began coverage on Uber Technologies in a research report on Monday, July 22nd. They issued a “hold” rating and a $77.00 target price for the company. Finally, The Goldman Sachs Group raised their target price on Uber Technologies from $85.00 to $90.00 and gave the stock a “buy” rating in a research report on Wednesday, August 7th. Six research analysts have rated the stock with a hold rating, thirty-one have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $88.51.

Uber Technologies Stock Performance

Shares of Uber Technologies stock opened at $80.46 on Friday. The business’s fifty day simple moving average is $74.53 and its 200 day simple moving average is $70.67. The firm has a market capitalization of $169.04 billion, a P/E ratio of 88.42, a price-to-earnings-growth ratio of 1.37 and a beta of 1.33. Uber Technologies has a 12 month low of $40.09 and a 12 month high of $87.00. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.72.

Uber Technologies (NYSE:UBER) last issued its quarterly earnings results on Tuesday, August 6th. The ride-sharing company reported $0.47 EPS for the quarter, topping analysts’ consensus estimates of $0.31 by $0.16. Uber Technologies had a return on equity of 17.06% and a net margin of 5.02%. The business had revenue of $10.70 billion for the quarter, compared to analyst estimates of $10.57 billion. During the same period last year, the company posted $0.18 earnings per share. Uber Technologies’s quarterly revenue was up 15.9% compared to the same quarter last year. As a group, analysts anticipate that Uber Technologies will post 1.08 EPS for the current year.

Insider Buying and Selling

In other news, insider Jill Hazelbaker sold 40,000 shares of Uber Technologies stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $72.00, for a total value of $2,880,000.00. Following the sale, the insider now directly owns 127,352 shares of the company’s stock, valued at approximately $9,169,344. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 3.84% of the stock is owned by insiders.

Institutional Trading of Uber Technologies

A number of large investors have recently modified their holdings of the company. Aptus Capital Advisors LLC boosted its holdings in Uber Technologies by 17.1% in the second quarter. Aptus Capital Advisors LLC now owns 9,468 shares of the ride-sharing company’s stock valued at $688,000 after purchasing an additional 1,383 shares during the last quarter. Samlyn Capital LLC acquired a new stake in Uber Technologies in the 2nd quarter valued at about $134,987,000. Brookstone Capital Management raised its holdings in Uber Technologies by 19.0% in the 2nd quarter. Brookstone Capital Management now owns 161,494 shares of the ride-sharing company’s stock valued at $11,082,000 after acquiring an additional 25,814 shares during the last quarter. U.S. Capital Wealth Advisors LLC increased its holdings in shares of Uber Technologies by 26.4% during the 2nd quarter. U.S. Capital Wealth Advisors LLC now owns 41,254 shares of the ride-sharing company’s stock worth $2,998,000 after buying an additional 8,614 shares during the last quarter. Finally, DSM Capital Partners LLC increased its holdings in shares of Uber Technologies by 2.2% during the 2nd quarter. DSM Capital Partners LLC now owns 2,253,377 shares of the ride-sharing company’s stock worth $163,775,000 after buying an additional 47,824 shares during the last quarter. Hedge funds and other 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.