Citigroup Boosts Uber Technologies (NYSE:UBER) Price Target to $93.00

Uber Technologies (NYSE:UBER) had its price target boosted by Citigroup from $91.00 to $93.00 in a research report report published on Thursday, Benzinga reports. They currently have a buy rating on the ride-sharing company’s stock.

A number of other equities research analysts have also recently commented on UBER. BMO Capital Markets increased their target price on Uber Technologies from $82.00 to $92.00 and gave the company an outperform rating in a report on Thursday, February 15th. JPMorgan Chase & Co. lifted their price objective on Uber Technologies from $84.00 to $95.00 and gave the stock an overweight rating in a research report on Thursday, February 15th. UBS Group boosted their target price on shares of Uber Technologies from $94.00 to $96.00 and gave the company a buy rating in a research note on Thursday, February 15th. Wedbush reaffirmed an outperform rating and set a $85.00 price target on shares of Uber Technologies in a research note on Wednesday. Finally, Bank of America cut their price objective on shares of Uber Technologies from $91.00 to $87.00 and set a buy rating for the company in a research report on Thursday. Two investment analysts have rated the stock with a hold rating and thirty have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of Moderate Buy and an average price target of $83.75.

Uber Technologies Trading Down 1.4 %

Shares of UBER stock opened at $66.99 on Thursday. Uber Technologies has a fifty-two week low of $37.07 and a fifty-two week high of $82.14. The company has a quick ratio of 1.19, a current ratio of 1.21 and a debt-to-equity ratio of 0.80. The business has a fifty day simple moving average of $74.29 and a 200-day simple moving average of $66.16. The stock has a market cap of $139.98 billion, a P/E ratio of 108.05, a P/E/G ratio of 1.06 and a beta of 1.39.

Uber Technologies (NYSE:UBER) last posted its earnings results on Wednesday, May 8th. The ride-sharing company reported ($0.32) earnings per share for the quarter, missing the consensus estimate of $0.21 by ($0.53). Uber Technologies had a net margin of 3.60% and a return on equity of 12.81%. The business had revenue of $10.13 billion for the quarter, compared to analysts’ expectations of $10.09 billion. During the same quarter last year, the business posted ($0.08) earnings per share. The business’s revenue was up 14.8% compared to the same quarter last year. On average, analysts forecast that Uber Technologies will post 1.13 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Uber Technologies news, insider Jill Hazelbaker sold 20,000 shares of the stock in a transaction that occurred 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 sale, the insider now owns 107,290 shares of the company’s stock, valued at $8,350,380.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, insider Jill Hazelbaker sold 20,000 shares of the stock in a transaction dated Wednesday, February 14th. The stock was 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 $8,350,380.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Tony West sold 18,750 shares of the firm’s stock in a transaction that occurred 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 approximately $13,004,465.28. The disclosure for this sale can be found here. 3.84% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the stock. Financial Management Professionals Inc. boosted its stake in Uber Technologies by 111.6% during the 1st quarter. Financial Management Professionals Inc. now owns 383 shares of the ride-sharing company’s stock valued at $29,000 after purchasing an additional 202 shares during the period. J.Safra Asset Management Corp acquired a new position in shares of Uber Technologies during the first quarter worth approximately $32,000. YHB Investment Advisors Inc. bought a new position in Uber Technologies in the 1st quarter worth approximately $37,000. CVA Family Office LLC acquired a new stake in Uber Technologies in the 4th quarter valued at approximately $30,000. Finally, Highlander Capital Management LLC raised its stake in Uber Technologies by 100.0% during the 4th 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. 80.24% of the stock is currently owned by institutional investors.

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.