Truist Financial Raises Uber Technologies (NYSE:UBER) Price Target to $94.00

Uber Technologies (NYSE:UBER) had its price objective boosted by Truist Financial from $90.00 to $94.00 in a report released on Wednesday, Benzinga reports. The brokerage currently has a buy rating on the ride-sharing company’s stock.

A number of other equities research analysts have also weighed in on the stock. Bank of America boosted their target price on shares of Uber Technologies from $68.00 to $73.00 and gave the company a buy rating in a research note on Tuesday, January 30th. Susquehanna boosted their target price on shares of Uber Technologies from $60.00 to $85.00 and gave the company a positive rating in a research note on Thursday, February 8th. Citigroup boosted their target price on shares of Uber Technologies from $83.00 to $91.00 and gave the company a buy rating in a research note on Friday, February 16th. TheStreet upgraded Uber Technologies from a c rating to a b- rating in a research note on Wednesday, February 7th. Finally, UBS Group upped their price objective on Uber Technologies from $94.00 to $96.00 and gave the stock a buy rating in a research note on Thursday, February 15th. Two analysts have rated the stock with a hold rating and twenty-eight have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of Moderate Buy and an average price target of $75.41.

Uber Technologies Stock Performance

UBER stock opened at $76.99 on Wednesday. The stock has a market capitalization of $160.25 billion, a PE ratio of 89.52, a price-to-earnings-growth ratio of 1.27 and a beta of 1.37. Uber Technologies has a 12-month low of $29.22 and a 12-month high of $82.14. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.79. The stock’s 50 day simple moving average is $74.74 and its 200 day simple moving average is $60.56.

Uber Technologies (NYSE:UBER) last released its quarterly earnings data on Wednesday, February 7th. The ride-sharing company reported $0.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.50. The business had revenue of $9.94 billion for the quarter, compared to analysts’ expectations of $9.76 billion. Uber Technologies had a return on equity of 18.95% and a net margin of 5.06%. The firm’s quarterly revenue was up 15.4% on a year-over-year basis. During the same period in the prior year, the firm posted $0.29 EPS. As a group, research analysts forecast that Uber Technologies will post 1.19 earnings per share for the current fiscal year.

Insider Buying and Selling at Uber Technologies

In other Uber Technologies news, insider Jill Hazelbaker sold 20,000 shares of the stock in a transaction dated 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 completion of the transaction, the insider now owns 107,290 shares of the company’s stock, valued at approximately $8,350,380.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider Jill Hazelbaker sold 20,000 shares of the stock in a transaction dated Wednesday, February 14th. The shares were sold at an average price of $77.83, for a total value of $1,556,600.00. Following the completion of the transaction, the insider now owns 107,290 shares of the company’s stock, valued at approximately $8,350,380.70. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Tony West sold 18,750 shares of Uber Technologies stock in a transaction dated Monday, February 12th. The stock was 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 owns 185,566 shares of the company’s stock, valued at approximately $13,004,465.28. The disclosure for this sale can be found here. Insiders own 3.84% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. O Dell Group LLC purchased a new position in Uber Technologies in the fourth quarter worth about $25,000. OFI Invest Asset Management purchased a new position in Uber Technologies in the third quarter worth about $26,000. Ritter Daniher Financial Advisory LLC DE boosted its position in shares of Uber Technologies by 2,545.5% during the third quarter. Ritter Daniher Financial Advisory LLC DE now owns 582 shares of the ride-sharing company’s stock valued at $27,000 after buying an additional 560 shares during the period. Householder Group Estate & Retirement Specialist LLC purchased a new position in shares of Uber Technologies during the third quarter valued at approximately $28,000. Finally, JFS Wealth Advisors LLC boosted its position in shares of Uber Technologies by 319.4% during the third quarter. JFS Wealth Advisors LLC now owns 650 shares of the ride-sharing company’s stock valued at $30,000 after buying an additional 495 shares during the period. 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.