Analysts Set Uber Technologies, Inc. (NYSE:UBER) PT at $90.51

Uber Technologies, Inc. (NYSE:UBER) has earned a consensus rating of “Moderate Buy” from the thirty-nine analysts that are presently covering the firm, MarketBeat reports. Six equities research analysts have rated the stock with a hold recommendation, thirty-two have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $90.51.

A number of analysts have commented on UBER shares. KeyCorp reduced their price target on Uber Technologies from $90.00 to $85.00 and set an “overweight” rating for the company in a research report on Friday, November 1st. Benchmark restated a “hold” rating on shares of Uber Technologies in a research note on Friday, November 1st. Raymond James started coverage on shares of Uber Technologies in a research report on Tuesday, September 24th. They issued a “strong-buy” rating and a $90.00 price target for the company. BMO Capital Markets restated an “outperform” rating and set a $92.00 price objective on shares of Uber Technologies in a research report on Friday, October 11th. Finally, Evercore ISI increased their price target on Uber Technologies from $90.00 to $120.00 and gave the stock an “outperform” rating in a research note on Thursday, October 31st.

Insider Activity at Uber Technologies

In related news, insider Jill Hazelbaker sold 27,780 shares of the company’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $72.90, for a total value of $2,025,162.00. Following the completion of the sale, the insider now directly owns 107,289 shares of the company’s stock, valued at $7,821,368.10. This represents a 20.57 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 3.84% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in UBER. GHP Investment Advisors Inc. grew its position in shares of Uber Technologies by 222.7% in the 2nd quarter. GHP Investment Advisors Inc. now owns 355 shares of the ride-sharing company’s stock worth $26,000 after buying an additional 245 shares during the last quarter. WR Wealth Planners LLC grew its holdings in Uber Technologies by 563.9% in the second quarter. WR Wealth Planners LLC now owns 405 shares of the ride-sharing company’s stock worth $29,000 after purchasing an additional 344 shares during the last quarter. MCF Advisors LLC increased its position in shares of Uber Technologies by 1,038.5% during the second quarter. MCF Advisors LLC now owns 444 shares of the ride-sharing company’s stock worth $32,000 after purchasing an additional 405 shares in the last quarter. Fairfield Financial Advisors LTD purchased a new stake in shares of Uber Technologies during the 2nd quarter valued at $36,000. Finally, NewSquare Capital LLC boosted its position in shares of Uber Technologies by 1,509.4% in the 2nd quarter. NewSquare Capital LLC now owns 515 shares of the ride-sharing company’s stock worth $37,000 after purchasing an additional 483 shares in the last quarter. 80.24% of the stock is currently owned by hedge funds and other institutional investors.

Uber Technologies Stock Performance

Shares of UBER opened at $61.19 on Friday. Uber Technologies has a one year low of $54.84 and a one year high of $87.00. The business has a fifty day moving average of $74.06 and a 200 day moving average of $71.42. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.41 and a quick ratio of 1.41. The firm has a market capitalization of $128.85 billion, a P/E ratio of 30.44, a PEG ratio of 0.82 and a beta of 1.33.

Uber Technologies (NYSE:UBER) last released its quarterly earnings results 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. The firm had revenue of $11.19 billion during the quarter, compared to analyst estimates of $10.99 billion. Uber Technologies had a net margin of 10.49% and a return on equity of 33.46%. The business’s revenue for the quarter was up 20.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.10 EPS. As a group, sell-side analysts anticipate that Uber Technologies will post 1.89 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.