Uber Technologies (NYSE:UBER) Given New $95.00 Price Target at UBS Group

Uber Technologies (NYSE:UBER) had its price objective dropped by stock analysts at UBS Group from $100.00 to $95.00 in a report issued on Thursday, Benzinga reports. The brokerage presently has a “buy” rating on the ride-sharing company’s stock. UBS Group’s price target would suggest a potential upside of 39.87% from the stock’s previous close.

A number of other brokerages have also recently issued reports on UBER. Bank of America decreased their target price on Uber Technologies from $91.00 to $87.00 and set a “buy” rating for the company in a research report on Thursday. Piper Sandler upped their price target on Uber Technologies from $78.00 to $92.00 and gave the stock an “overweight” rating in a report on Friday, March 15th. Gordon Haskett downgraded shares of Uber Technologies from a “buy” rating to a “hold” rating and set a $66.00 price target on the stock. in a report on Wednesday, January 24th. Tigress Financial lifted their price objective on Uber Technologies from $72.00 to $96.00 and gave the stock a “buy” rating in a research report on Friday, April 19th. Finally, JMP Securities reissued a “market outperform” rating and set a $85.00 price target on shares of Uber Technologies in a research note on Thursday, March 28th. Two research analysts have rated the stock with a hold rating and thirty have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $83.44.

Uber Technologies Trading Up 2.3 %

NYSE:UBER traded up $1.52 on Thursday, reaching $67.92. The company’s stock had a trading volume of 21,214,093 shares, compared to its average volume of 20,550,176. The stock has a 50 day moving average price of $74.80 and a 200 day moving average price of $65.83. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.79. The firm has a market cap of $141.37 billion, a price-to-earnings ratio of 78.98, a price-to-earnings-growth ratio of 1.09 and a beta of 1.39. Uber Technologies has a 12-month low of $37.07 and a 12-month high of $82.14.

Uber Technologies (NYSE:UBER) last posted its quarterly earnings data on Wednesday, May 8th. The ride-sharing company reported ($0.32) EPS for the quarter, missing the consensus estimate of $0.21 by ($0.53). The business had revenue of $10.13 billion during the quarter, compared to analysts’ expectations of $10.09 billion. Uber Technologies had a net margin of 5.06% and a return on equity of 18.95%. The company’s revenue for the quarter was up 14.8% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.08) EPS. On average, equities analysts anticipate that Uber Technologies will post 1.23 EPS for the current fiscal year.

Insider Activity at Uber Technologies

In other news, insider Tony West sold 18,750 shares of the firm’s stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $70.08, for a total transaction of $1,314,000.00. Following the completion of the sale, the insider now 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 is available at the SEC website. In other Uber Technologies news, insider Jill Hazelbaker sold 20,000 shares of the firm’s stock in a transaction on 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 directly 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 the SEC website. Also, insider Tony West sold 18,750 shares of Uber Technologies stock in a transaction on Monday, February 12th. The stock was sold at an average price of $70.08, for a total transaction of $1,314,000.00. Following the sale, the insider now directly owns 185,566 shares of the company’s stock, valued at $13,004,465.28. The disclosure for this sale can be found here. 3.80% of the stock is owned by insiders.

Hedge Funds Weigh In On Uber Technologies

A number of hedge funds have recently modified their holdings of UBER. Financial Management Professionals Inc. increased its position in shares of Uber Technologies by 111.6% during the first quarter. Financial Management Professionals Inc. now owns 383 shares of the ride-sharing company’s stock valued at $29,000 after buying an additional 202 shares during the period. YHB Investment Advisors Inc. bought a new position in shares of Uber Technologies in the first quarter worth approximately $37,000. CVA Family Office LLC bought a new position in shares of Uber Technologies in the fourth quarter worth approximately $30,000. Highlander Capital Management LLC raised its holdings in shares of Uber Technologies by 100.0% during the fourth quarter. Highlander Capital Management LLC now owns 500 shares of the ride-sharing company’s stock valued at $31,000 after purchasing an additional 250 shares during the last quarter. Finally, Bfsg LLC purchased a new position in shares of Uber Technologies during the fourth quarter valued at approximately $31,000. 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.