Uber Technologies (NYSE:UBER) had its target price raised by Morgan Stanley from $49.00 to $68.00 in a research report report published on Monday morning, Anlyst Ratings reports. Morgan Stanley currently has an overweight rating on the ride-sharing company’s stock.

UBER has been the subject of a number of other research reports. Deutsche Bank Aktiengesellschaft upped their price target on Uber Technologies from $38.00 to $54.00 and gave the stock a buy rating in a research report on Thursday, November 5th. Stifel Nicolaus raised their target price on shares of Uber Technologies from $45.00 to $60.00 in a research report on Wednesday, December 9th. Smith Barney Citigroup upped their price target on shares of Uber Technologies from $40.00 to $60.00 in a research note on Thursday, December 3rd. Canaccord Genuity increased their price objective on Uber Technologies from $48.00 to $50.00 and gave the stock a buy rating in a research report on Friday, November 6th. Finally, Royal Bank of Canada boosted their target price on shares of Uber Technologies from $58.00 to $77.00 and gave the company a buy rating in a research report on Sunday, December 13th. Four research analysts have rated the stock with a hold rating and thirty have assigned a buy rating to the stock. Uber Technologies currently has an average rating of Buy and a consensus target price of $53.09.

Uber Technologies stock opened at $59.40 on Monday. The company has a 50 day moving average of $52.50 and a 200-day moving average of $39.75. The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 0.65. Uber Technologies has a twelve month low of $13.71 and a twelve month high of $59.88. The stock has a market capitalization of $104.77 billion, a PE ratio of -14.70 and a beta of 1.04.

Uber Technologies (NYSE:UBER) last posted its quarterly earnings data on Thursday, November 5th. The ride-sharing company reported ($0.62) EPS for the quarter, missing the consensus estimate of ($0.60) by ($0.02). The company had revenue of $3.13 billion during the quarter, compared to the consensus estimate of $3.19 billion. Uber Technologies had a negative net margin of 50.99% and a negative return on equity of 38.83%. The company’s revenue was down 20.0% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.68) earnings per share. Equities analysts anticipate that Uber Technologies will post -3.82 EPS for the current fiscal year.

In other Uber Technologies news, major shareholder Cayman 2 Ltd. Sb sold 38,000,000 shares of the company’s stock in a transaction dated Thursday, January 7th. The stock was sold at an average price of $53.46, for a total value of $2,031,480,000.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Dara Khosrowshahi sold 200,000 shares of the company’s stock in a transaction that occurred on Tuesday, January 12th. The stock was sold at an average price of $54.44, for a total transaction of $10,888,000.00. Following the completion of the transaction, the chief executive officer now owns 1,044,627 shares in the company, valued at $56,869,493.88. The disclosure for this sale can be found here. Insiders sold 38,329,000 shares of company stock valued at $2,049,152,260 over the last ninety days. Corporate insiders own 8.66% of the company’s stock.

Several institutional investors have recently made changes to their positions in the company. BlackRock Inc. boosted its holdings in Uber Technologies by 42.7% during the 3rd quarter. BlackRock Inc. now owns 60,423,354 shares of the ride-sharing company’s stock valued at $2,204,243,000 after acquiring an additional 18,075,043 shares during the period. Morgan Stanley lifted its stake in Uber Technologies by 16.7% in the third quarter. Morgan Stanley now owns 101,457,585 shares of the ride-sharing company’s stock worth $3,701,172,000 after acquiring an additional 14,536,394 shares during the period. Nuveen Asset Management LLC raised its holdings in Uber Technologies by 54.4% in the 2nd quarter. Nuveen Asset Management LLC now owns 15,238,744 shares of the ride-sharing company’s stock worth $473,620,000 after purchasing an additional 5,369,305 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Uber Technologies by 333.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 4,110,703 shares of the ride-sharing company’s stock valued at $149,959,000 after purchasing an additional 3,161,259 shares in the last quarter. Finally, Iridian Asset Management LLC CT purchased a new position in shares of Uber Technologies during the third quarter valued at about $86,642,000. Hedge funds and other institutional investors own 67.75% of the company’s stock.

Uber Technologies Company Profile

Uber Technologies, Inc develops and operates proprietary technology applications primarily in the United States, Canada, Latin America, Europe, the Middle East, Africa, and the Asia Pacific. It connects consumers with independent providers of ride services for ridesharing services, as well as connect consumers with restaurants and food delivery service providers for meal preparation and delivery services.

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Analyst Recommendations for Uber Technologies (NYSE:UBER)

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