Uber Technologies (NYSE:UBER) Given New $115.00 Price Target at Evercore ISI

Uber Technologies (NYSE:UBER) had its price target cut by Evercore ISI from $120.00 to $115.00 in a report issued on Thursday,Benzinga reports. They currently have an outperform rating on the ride-sharing company’s stock.

Several other research firms have also issued reports on UBER. DA Davidson upped their price target on shares of Uber Technologies from $82.00 to $84.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. Needham & Company LLC reaffirmed a “buy” rating and issued a $90.00 target price on shares of Uber Technologies in a report on Wednesday. Wells Fargo & Company reduced their price target on Uber Technologies from $90.00 to $87.00 and set an “overweight” rating for the company in a report on Thursday. Piper Sandler dropped their price objective on Uber Technologies from $82.00 to $80.00 and set an “overweight” rating on the stock in a research note on Thursday. Finally, The Goldman Sachs Group reaffirmed a “buy” rating and issued a $96.00 price objective on shares of Uber Technologies in a research report on Thursday, January 2nd. Seven investment analysts have rated the stock with a hold rating, thirty-one have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $90.19.

Uber Technologies Stock Performance

Shares of Uber Technologies stock opened at $70.04 on Thursday. Uber Technologies has a one year low of $54.84 and a one year high of $87.00. The stock’s 50-day moving average is $65.31 and its 200-day moving average is $70.07. The firm has a market cap of $147.47 billion, a price-to-earnings ratio of 34.84, a price-to-earnings-growth ratio of 0.77 and a beta of 1.39. 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 issued its quarterly earnings results on Wednesday, February 5th. The ride-sharing company reported $3.21 EPS for the quarter, beating the consensus estimate of $0.50 by $2.71. Uber Technologies had a return on equity of 33.46% and a net margin of 10.49%. Equities 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 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 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 3.80% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Uber Technologies

A number of institutional investors have recently modified their holdings of UBER. Avion Wealth grew its position in Uber Technologies by 96.0% in the fourth quarter. Avion Wealth now owns 445 shares of the ride-sharing company’s stock valued at $26,000 after acquiring an additional 218 shares during the last quarter. GHP Investment Advisors Inc. grew its holdings 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 purchasing an additional 223 shares during the last quarter. Kieckhefer Group LLC acquired a new position in Uber Technologies during the 4th quarter worth approximately $33,000. Retirement Wealth Solutions LLC bought a new position in Uber Technologies in the 4th quarter valued at approximately $35,000. Finally, Financial Management Professionals Inc. boosted its position in 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 buying an additional 252 shares in the last quarter. Institutional investors and hedge funds 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.