Uber Technologies (NYSE:UBER) Given Buy Rating at The Goldman Sachs Group

The Goldman Sachs Group reaffirmed their buy rating on shares of Uber Technologies (NYSE:UBER) in a report issued on Thursday,Benzinga reports. They currently have a $96.00 target price on the ride-sharing company’s stock.

UBER has been the topic of a number of other research reports. Loop Capital raised their price target on shares of Uber Technologies from $84.00 to $86.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. UBS Group raised their target price on shares of Uber Technologies from $102.00 to $114.00 and gave the stock a “buy” rating in a report on Friday, October 18th. Raymond James initiated coverage on shares of Uber Technologies in a research report on Tuesday, September 24th. They issued a “strong-buy” rating and a $90.00 target price for the company. Daiwa Capital Markets cut Uber Technologies from an “outperform” rating to a “neutral” rating and set a $84.00 price target on the stock. in a report on Thursday, October 17th. Finally, Evercore ISI lifted their price objective on Uber Technologies from $90.00 to $120.00 and gave the stock an “outperform” rating in a report on Thursday, October 31st. Six analysts have rated the stock with a hold rating, thirty-one have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $91.47.

Uber Technologies Stock Up 4.7 %

NYSE:UBER opened at $63.17 on Thursday. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.41 and a current ratio of 1.41. The firm has a market cap of $133.02 billion, a P/E ratio of 31.43, a P/E/G ratio of 0.75 and a beta of 1.33. Uber Technologies has a fifty-two week low of $54.84 and a fifty-two week high of $87.00. The firm has a 50-day simple moving average of $68.24 and a two-hundred day simple moving average of $70.73.

Uber Technologies (NYSE:UBER) last announced its quarterly earnings results on Thursday, October 31st. The ride-sharing company reported $1.20 earnings per share for the quarter, beating the consensus estimate of $0.41 by $0.79. The company had revenue of $11.19 billion during the quarter, compared to the consensus estimate of $10.99 billion. Uber Technologies had a net margin of 10.49% and a return on equity of 33.46%. The firm’s quarterly revenue was up 20.4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.10 earnings per share. Analysts predict that Uber Technologies will post 1.89 earnings per share for the current fiscal year.

Insider Activity at Uber Technologies

In other Uber Technologies news, insider Jill Hazelbaker sold 27,780 shares of the company’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 sale, the insider now directly owns 107,289 shares in the company, valued at $7,821,368.10. This represents a 20.57 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. 3.84% of the stock is owned by insiders.

Hedge Funds Weigh In On Uber Technologies

Several large investors have recently modified their holdings of UBER. Principal Financial Group Inc. lifted its holdings in shares of Uber Technologies by 7.1% in the 3rd quarter. Principal Financial Group Inc. now owns 2,460,332 shares of the ride-sharing company’s stock worth $184,919,000 after acquiring an additional 162,528 shares during the last quarter. SMART Wealth LLC purchased a new stake in Uber Technologies in the 3rd quarter worth about $236,000. Inspire Trust Co. N.A. lifted its stake in Uber Technologies by 30.5% in the third quarter. Inspire Trust Co. N.A. now owns 32,105 shares of the ride-sharing company’s stock worth $2,413,000 after purchasing an additional 7,500 shares during the last quarter. Tri Ri Asset Management Corp purchased a new position in shares of Uber Technologies during the third quarter valued at approximately $8,243,000. Finally, Peapack Gladstone Financial Corp grew its stake in shares of Uber Technologies by 30.9% during the third quarter. Peapack Gladstone Financial Corp now owns 6,562 shares of the ride-sharing company’s stock valued at $494,000 after buying an additional 1,550 shares during the last quarter. 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.