Brokerages Set Uber Technologies, Inc. (NYSE:UBER) Price Target at $90.32

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

A number of equities research analysts recently issued reports on the company. Benchmark reissued a “hold” rating on shares of Uber Technologies in a research note on Friday, November 1st. Loop Capital lifted their price target on shares of Uber Technologies from $84.00 to $86.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. KeyCorp lowered their target price on Uber Technologies from $90.00 to $85.00 and set an “overweight” rating for the company in a report on Friday, November 1st. Truist Financial lowered their price objective on shares of Uber Technologies from $99.00 to $95.00 and set a “buy” rating for the company in a research note on Friday, November 1st. Finally, Daiwa America cut shares of Uber Technologies from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 17th.

Uber Technologies Trading Up 0.4 %

Shares of UBER opened at $71.44 on Tuesday. The firm has a market cap of $150.43 billion, a P/E ratio of 36.11, a price-to-earnings-growth ratio of 0.71 and a beta of 1.34. 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 has a 1 year low of $53.15 and a 1 year high of $87.00. The company has a 50 day simple moving average of $75.40 and a two-hundred day simple moving average of $71.00.

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

Insider Buying and Selling at Uber Technologies

In other news, insider Jill Hazelbaker sold 40,000 shares of the business’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $72.00, for a total transaction of $2,880,000.00. Following the transaction, the insider now owns 127,352 shares of the company’s stock, valued at approximately $9,169,344. The trade was a 23.90 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 3.84% of the company’s stock.

Hedge Funds Weigh In On Uber Technologies

A number of hedge funds have recently made changes to their positions in the stock. NorthRock Partners LLC purchased a new stake in shares of Uber Technologies in the 1st quarter valued at $403,000. Avantax Advisory Services Inc. grew its holdings in Uber Technologies by 24.2% during the 1st quarter. Avantax Advisory Services Inc. now owns 25,169 shares of the ride-sharing company’s stock worth $1,938,000 after acquiring an additional 4,898 shares in the last quarter. ProShare Advisors LLC lifted its position in shares of Uber Technologies by 5.5% during the 1st quarter. ProShare Advisors LLC now owns 286,584 shares of the ride-sharing company’s stock worth $22,064,000 after purchasing an additional 14,954 shares during the last quarter. Bleakley Financial Group LLC grew its stake in shares of Uber Technologies by 7.8% during the first quarter. Bleakley Financial Group LLC now owns 31,378 shares of the ride-sharing company’s stock worth $2,416,000 after purchasing an additional 2,274 shares in the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its holdings in Uber Technologies by 54.9% during the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 309,091 shares of the ride-sharing company’s stock worth $23,797,000 after buying an additional 109,532 shares during the last quarter. Hedge funds and other 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.