Analysts Set Uber Technologies, Inc. (NYSE:UBER) PT at $90.32

Uber Technologies, Inc. (NYSE:UBER) has been assigned an average recommendation of “Moderate Buy” from the thirty-nine analysts that are currently covering the company, Marketbeat.com reports. Six analysts have rated the stock with a hold rating, thirty-two have issued a buy rating and one has given a strong buy rating to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $90.32.

UBER has been the topic of several research analyst reports. The Goldman Sachs Group raised their price objective on Uber Technologies from $85.00 to $90.00 and gave the company a “buy” rating in a research note on Wednesday, August 7th. TD Cowen raised their price target on shares of Uber Technologies from $88.00 to $90.00 and gave the company a “buy” rating in a research note on Tuesday, July 23rd. Wells Fargo & Company lowered their price objective on shares of Uber Technologies from $97.00 to $90.00 and set an “overweight” rating for the company in a research report on Friday, November 1st. Gordon Haskett upgraded shares of Uber Technologies from a “hold” rating to a “buy” rating and set a $85.00 target price on the stock in a research report on Thursday, October 31st. Finally, Bank of America upped their price target on shares of Uber Technologies from $88.00 to $96.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd.

Insider Transactions at Uber Technologies

In related news, insider Jill Hazelbaker sold 40,000 shares of the company’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $72.00, for a total value of $2,880,000.00. Following the sale, the insider now owns 127,352 shares in the company, valued at $9,169,344. This represents a 23.90 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 3.80% of the stock is owned by insiders.

Institutional Trading of Uber Technologies

Institutional investors and hedge funds have recently modified their holdings of the stock. GHP Investment Advisors Inc. raised its position in Uber Technologies by 222.7% in the 2nd quarter. GHP Investment Advisors Inc. now owns 355 shares of the ride-sharing company’s stock valued at $26,000 after buying an additional 245 shares during the last quarter. WR Wealth Planners LLC lifted its position in shares of Uber Technologies by 563.9% during the second quarter. WR Wealth Planners LLC now owns 405 shares of the ride-sharing company’s stock valued at $29,000 after purchasing an additional 344 shares in the last quarter. J.Safra Asset Management Corp bought a new stake in Uber Technologies in the 1st quarter worth about $32,000. MCF Advisors LLC lifted its position in shares of Uber Technologies by 1,038.5% during the 2nd quarter. MCF Advisors LLC now owns 444 shares of the ride-sharing company’s stock worth $32,000 after buying an additional 405 shares in the last quarter. Finally, Founders Capital Management bought a new position in shares of Uber Technologies in the second quarter valued at approximately $33,000. 80.24% of the stock is owned by hedge funds and other institutional investors.

Uber Technologies Price Performance

UBER stock opened at $69.34 on Tuesday. The company’s 50-day moving average price is $75.48 and its two-hundred day moving average price is $71.10. Uber Technologies has a 12 month low of $53.76 and a 12 month high of $87.00. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.70. The firm has a market cap of $146.01 billion, a P/E ratio of 34.50, a P/E/G ratio of 0.73 and a beta of 1.34.

Uber Technologies (NYSE:UBER) last announced its quarterly earnings data on Thursday, October 31st. The ride-sharing company reported $1.20 EPS for the quarter, beating the consensus estimate of $0.41 by $0.79. Uber Technologies had a net margin of 10.49% and a return on equity of 33.46%. The business had revenue of $11.19 billion during the quarter, compared to the consensus estimate of $10.99 billion. During the same period in the previous year, the business earned $0.10 earnings per share. The company’s revenue was up 20.4% on a year-over-year basis. On average, analysts anticipate that Uber Technologies will post 1.83 earnings per share for the current fiscal 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.