Uber Technologies, Inc. (NYSE:UBER) Receives $105.91 Consensus Price Target from Analysts

Shares of Uber Technologies, Inc. (NYSE:UBER) have been assigned a consensus rating of “Moderate Buy” from the thirty-nine research firms that are covering the company, MarketBeat reports. Eight research analysts have rated the stock with a hold recommendation, twenty-eight have issued a buy recommendation and three have given a strong buy recommendation to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $106.8182.

Several equities analysts recently weighed in on UBER shares. Wedbush reduced their target price on shares of Uber Technologies from $85.00 to $84.00 and set a “neutral” rating on the stock in a report on Thursday, August 7th. Wells Fargo & Company reduced their target price on shares of Uber Technologies from $127.00 to $125.00 and set an “overweight” rating on the stock in a report on Friday, October 3rd. Stifel Nicolaus lifted their target price on shares of Uber Technologies from $116.00 to $124.00 and gave the company a “buy” rating in a report on Friday, October 24th. Royal Bank Of Canada lifted their target price on shares of Uber Technologies from $94.00 to $100.00 and gave the company an “outperform” rating in a report on Thursday, August 7th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $108.00 target price on shares of Uber Technologies in a report on Wednesday.

Insider Buying and Selling at Uber Technologies

In other Uber Technologies news, insider Tony West sold 100,000 shares of the business’s stock in a transaction on Monday, September 22nd. The shares were sold at an average price of $100.38, for a total value of $10,038,000.00. Following the transaction, the insider owned 171,558 shares in the company, valued at $17,220,992.04. The trade was a 36.82% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Nikki Krishnamurthy sold 11,571 shares of the business’s stock in a transaction on Friday, August 15th. The stock was sold at an average price of $91.74, for a total transaction of $1,061,523.54. Following the completion of the transaction, the senior vice president owned 416,222 shares in the company, valued at $38,184,206.28. This represents a 2.70% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 604,946 shares of company stock worth $58,950,116. Corporate insiders own 3.84% of the company’s stock.

Hedge Funds Weigh In On Uber Technologies

A number of institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in Uber Technologies by 1.6% in the 2nd quarter. Vanguard Group Inc. now owns 189,551,519 shares of the ride-sharing company’s stock worth $17,685,157,000 after buying an additional 3,025,483 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Uber Technologies by 2.6% in the 2nd quarter. Geode Capital Management LLC now owns 45,859,136 shares of the ride-sharing company’s stock worth $4,258,756,000 after buying an additional 1,168,288 shares in the last quarter. Pershing Square Capital Management L.P. acquired a new position in Uber Technologies in the 1st quarter worth $2,207,743,000. Norges Bank acquired a new position in Uber Technologies in the 2nd quarter worth $2,348,319,000. Finally, Kingstone Capital Partners Texas LLC lifted its holdings in Uber Technologies by 334,075.7% in the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 19,973,682 shares of the ride-sharing company’s stock worth $1,863,545,000 after buying an additional 19,967,705 shares in the last quarter. Institutional investors and hedge funds own 80.24% of the company’s stock.

Uber Technologies Stock Up 0.8%

Shares of NYSE UBER opened at $96.49 on Tuesday. Uber Technologies has a 52-week low of $59.33 and a 52-week high of $101.99. The firm has a fifty day moving average of $95.56 and a 200-day moving average of $90.22. The stock has a market capitalization of $201.21 billion, a PE ratio of 16.44 and a beta of 1.48. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.41.

Uber Technologies (NYSE:UBER) last announced its quarterly earnings data on Wednesday, August 6th. The ride-sharing company reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.02. The company had revenue of $12.65 billion during the quarter, compared to analysts’ expectations of $12.45 billion. Uber Technologies had a net margin of 26.68% and a return on equity of 59.96%. The business’s quarterly revenue was up 18.2% compared to the same quarter last year. During the same period in the previous year, the company earned $0.47 EPS. On average, analysts anticipate that Uber Technologies will post 2.54 EPS for the current 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.