Brokerages Set Uber Technologies, Inc. (NYSE:UBER) Price Target at $91.53

Uber Technologies, Inc. (NYSE:UBER) has earned a consensus recommendation of “Moderate Buy” from the thirty-nine ratings firms that are currently covering the company, MarketBeat reports. Seven investment analysts have rated the stock with a hold recommendation, thirty-one have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $91.08.

Several research analysts recently weighed in on UBER shares. KeyCorp decreased their price objective on shares of Uber Technologies from $90.00 to $85.00 and set an “overweight” rating on the stock in a research report on Friday, November 1st. Bank of America raised their price objective on shares of Uber Technologies from $88.00 to $96.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. Truist Financial cut their target price on shares of Uber Technologies from $99.00 to $95.00 and set a “buy” rating for the company in a research report on Friday, November 1st. Loop Capital raised their price target on Uber Technologies from $84.00 to $86.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th. Finally, Daiwa America cut Uber Technologies from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 17th.

Insider Transactions at Uber Technologies

In related news, insider Jill Hazelbaker sold 27,780 shares of the business’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $72.90, for a total transaction of $2,025,162.00. Following the completion of the transaction, the insider now directly owns 107,289 shares in the company, valued at approximately $7,821,368.10. The trade was a 20.57 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 3.84% of the company’s stock.

Hedge Funds Weigh In On Uber Technologies

Several large investors have recently added to or reduced their stakes in UBER. GHP Investment Advisors Inc. lifted its stake in shares of Uber Technologies by 85.1% during the 4th quarter. GHP Investment Advisors Inc. now owns 485 shares of the ride-sharing company’s stock valued at $29,000 after buying an additional 223 shares in the last quarter. Financial Management Professionals Inc. lifted its position in shares of Uber Technologies by 104.1% in the third quarter. Financial Management Professionals Inc. now owns 494 shares of the ride-sharing company’s stock valued at $37,000 after acquiring an additional 252 shares in the last quarter. Retirement Wealth Solutions LLC bought a new position in shares of Uber Technologies in the fourth quarter worth about $35,000. Kieckhefer Group LLC purchased a new stake in shares of Uber Technologies during the fourth quarter worth about $33,000. Finally, Transcendent Capital Group LLC raised its stake in Uber Technologies by 3,928.6% during the 3rd quarter. Transcendent Capital Group LLC now owns 564 shares of the ride-sharing company’s stock valued at $42,000 after purchasing an additional 550 shares during the period. Hedge funds and other institutional investors own 80.24% of the company’s stock.

Uber Technologies Stock Down 1.0 %

Shares of NYSE:UBER opened at $68.08 on Friday. The company has a market cap of $143.35 billion, a price-to-earnings ratio of 33.87, a PEG ratio of 0.77 and a beta of 1.36. Uber Technologies has a one year low of $54.84 and a one year high of $87.00. The firm has a fifty day moving average price of $65.83 and a two-hundred day moving average price of $70.19. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.41 and a quick ratio of 1.41.

Uber Technologies (NYSE:UBER) last posted its earnings results on Thursday, October 31st. The ride-sharing company reported $1.20 EPS for the quarter, topping the consensus estimate of $0.41 by $0.79. Uber Technologies had a return on equity of 33.46% and a net margin of 10.49%. The business had revenue of $11.19 billion during the quarter, compared to analysts’ expectations of $10.99 billion. During the same period in the previous year, the business earned $0.10 earnings per share. The firm’s revenue was up 20.4% on a year-over-year basis. Analysts anticipate that Uber Technologies will post 1.86 EPS for the current fiscal year.

About Uber Technologies

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.