Uber Technologies, Inc. (NYSE:UBER) Receives $75.41 Consensus Price Target from Brokerages

Uber Technologies, Inc. (NYSE:UBER) has received an average recommendation of “Moderate Buy” from the thirty brokerages that are currently covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a hold rating and twenty-eight have issued a buy rating on the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $76.81.

Several research firms have recently issued reports on UBER. Susquehanna increased their target price on Uber Technologies from $60.00 to $85.00 and gave the stock a “positive” rating in a report on Thursday, February 8th. Argus boosted their target price on shares of Uber Technologies from $69.00 to $95.00 and gave the company a “buy” rating in a research report on Monday, March 4th. Roth Mkm increased their price target on shares of Uber Technologies from $72.00 to $79.00 and gave the stock a “buy” rating in a research report on Thursday, February 8th. Royal Bank of Canada restated an “outperform” rating and set a $85.00 price objective on shares of Uber Technologies in a research report on Thursday, February 15th. Finally, Gordon Haskett downgraded Uber Technologies from a “buy” rating to a “hold” rating and set a $66.00 target price on the stock. in a report on Wednesday, January 24th.

Insider Buying and Selling

In related news, insider Jill Hazelbaker sold 20,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 14th. The stock was sold at an average price of $77.83, for a total transaction of $1,556,600.00. Following the completion of the transaction, the insider now owns 107,290 shares in the company, valued at $8,350,380.70. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, insider Tony West sold 18,750 shares of the stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $70.08, for a total value of $1,314,000.00. Following the completion of the transaction, the insider now directly owns 185,566 shares in the company, valued at approximately $13,004,465.28. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Jill Hazelbaker sold 20,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 14th. The shares were sold at an average price of $77.83, for a total transaction of $1,556,600.00. Following the transaction, the insider now directly owns 107,290 shares of the company’s stock, valued at $8,350,380.70. The disclosure for this sale can be found here. 3.84% of the stock is owned by insiders.

Hedge Funds Weigh In On Uber Technologies

Institutional investors and hedge funds have recently made changes to their positions in the business. Highlander Capital Management LLC lifted its position in shares of Uber Technologies by 100.0% in the fourth quarter. Highlander Capital Management LLC now owns 500 shares of the ride-sharing company’s stock valued at $31,000 after acquiring an additional 250 shares in the last quarter. Treasurer of the State of North Carolina raised its holdings in Uber Technologies by 0.4% during the 3rd quarter. Treasurer of the State of North Carolina now owns 877,589 shares of the ride-sharing company’s stock valued at $40,360,000 after buying an additional 3,530 shares during the period. Compagnie Lombard Odier SCmA lifted its position in Uber Technologies by 73.0% in the fourth quarter. Compagnie Lombard Odier SCmA now owns 33,535 shares of the ride-sharing company’s stock worth $2,065,000 after buying an additional 14,153 shares during the last quarter. Fifth Third Bancorp increased its position in Uber Technologies by 54.3% during the fourth quarter. Fifth Third Bancorp now owns 68,894 shares of the ride-sharing company’s stock valued at $4,242,000 after acquiring an additional 24,247 shares during the last quarter. Finally, Financial Enhancement Group LLC bought a new stake in shares of Uber Technologies in the 4th quarter worth about $1,112,000. Hedge funds and other institutional investors own 80.24% of the company’s stock.

Uber Technologies Price Performance

NYSE:UBER opened at $77.17 on Monday. Uber Technologies has a 52-week low of $29.22 and a 52-week high of $82.14. The company has a market cap of $160.62 billion, a P/E ratio of 89.73, a P/E/G ratio of 1.24 and a beta of 1.36. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.19 and a current ratio of 1.19. The stock’s 50-day simple moving average is $75.90 and its 200 day simple moving average is $61.56.

Uber Technologies (NYSE:UBER) last issued its earnings results on Wednesday, February 7th. The ride-sharing company reported $0.66 EPS for the quarter, topping the consensus estimate of $0.16 by $0.50. Uber Technologies had a return on equity of 18.95% and a net margin of 5.06%. The company had revenue of $9.94 billion during the quarter, compared to the consensus estimate of $9.76 billion. During the same period in the previous year, the company posted $0.29 EPS. The firm’s revenue for the quarter was up 15.4% compared to the same quarter last year. As a group, sell-side analysts forecast that Uber Technologies will post 1.19 EPS for the current fiscal year.

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.