Uber Technologies (NYSE:UBER) PT Raised to $95.00

Uber Technologies (NYSE:UBER) had its target price lifted by Morgan Stanley from $90.00 to $95.00 in a report issued on Tuesday morning, Benzinga reports. The firm currently has an overweight rating on the ride-sharing company’s stock.

A number of other equities analysts have also commented on the company. Wolfe Research began coverage on Uber Technologies in a research note on Tuesday, July 16th. They issued an outperform rating and a $90.00 price objective on the stock. Truist Financial boosted their price objective on Uber Technologies from $90.00 to $94.00 and gave the stock a buy rating in a research note on Wednesday, March 27th. Piper Sandler boosted their price objective on Uber Technologies from $86.00 to $88.00 and gave the stock an overweight rating in a research note on Tuesday, June 25th. Loop Capital reduced their price objective on Uber Technologies from $88.00 to $83.00 and set a buy rating on the stock in a research note on Thursday, May 16th. Finally, Oppenheimer reissued an outperform rating and issued a $90.00 price objective on shares of Uber Technologies in a research note on Wednesday, June 5th. Four investment analysts have rated the stock with a hold rating and thirty have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of Moderate Buy and an average target price of $85.97.

Uber Technologies Stock Performance

Shares of NYSE:UBER opened at $65.74 on Tuesday. The business’s fifty day moving average price is $68.60 and its two-hundred day moving average price is $70.89. Uber Technologies has a fifty-two week low of $40.09 and a fifty-two week high of $82.14. The stock has a market capitalization of $137.37 billion, a price-to-earnings ratio of 106.03, a price-to-earnings-growth ratio of 1.44 and a beta of 1.36. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.21 and a quick ratio of 1.21.

Uber Technologies (NYSE:UBER) last announced its quarterly earnings results on Wednesday, May 8th. The ride-sharing company reported ($0.32) earnings per share for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.53). Uber Technologies had a net margin of 3.60% and a return on equity of 12.81%. The company had revenue of $10.13 billion during the quarter, compared to the consensus estimate of $10.09 billion. During the same quarter last year, the company earned ($0.08) earnings per share. The business’s revenue was up 14.8% on a year-over-year basis. As a group, analysts predict that Uber Technologies will post 0.85 EPS for the current fiscal year.

Insider Buying and Selling

In other Uber Technologies news, insider Tony West sold 18,750 shares of the firm’s stock in a transaction that occurred on Monday, May 13th. The stock was sold at an average price of $65.63, for a total value of $1,230,562.50. Following the completion of the transaction, the insider now directly owns 206,338 shares in the company, valued at $13,541,962.94. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, CEO Dara Khosrowshahi sold 500,000 shares of the business’s stock in a transaction on Monday, July 15th. The stock was sold at an average price of $71.91, for a total value of $35,955,000.00. Following the completion of the sale, the chief executive officer now directly owns 1,266,114 shares in the company, valued at approximately $91,046,257.74. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Tony West sold 18,750 shares of the business’s stock in a transaction on Monday, May 13th. The shares were sold at an average price of $65.63, for a total value of $1,230,562.50. Following the completion of the sale, the insider now owns 206,338 shares of the company’s stock, valued at $13,541,962.94. The disclosure for this sale can be found here. Over the last three months, insiders sold 1,135,984 shares of company stock worth $78,213,297. 3.84% of the stock is owned by corporate insiders.

Institutional Trading of Uber Technologies

Institutional investors have recently added to or reduced their stakes in the company. Covenant Asset Management LLC lifted its position in shares of Uber Technologies by 0.3% during the 1st quarter. Covenant Asset Management LLC now owns 52,971 shares of the ride-sharing company’s stock valued at $4,078,000 after acquiring an additional 157 shares during the period. Hilltop Holdings Inc. lifted its position in shares of Uber Technologies by 2.9% during the 4th quarter. Hilltop Holdings Inc. now owns 5,634 shares of the ride-sharing company’s stock valued at $347,000 after acquiring an additional 157 shares during the period. Sivia Capital Partners LLC lifted its position in shares of Uber Technologies by 3.3% during the 1st quarter. Sivia Capital Partners LLC now owns 4,882 shares of the ride-sharing company’s stock valued at $376,000 after acquiring an additional 157 shares during the period. Wellington Shields Capital Management LLC lifted its position in shares of Uber Technologies by 6.1% during the 1st quarter. Wellington Shields Capital Management LLC now owns 2,756 shares of the ride-sharing company’s stock valued at $212,000 after acquiring an additional 159 shares during the period. Finally, Industrial Alliance Investment Management Inc. lifted its position in shares of Uber Technologies by 3.2% during the 1st quarter. Industrial Alliance Investment Management Inc. now owns 5,170 shares of the ride-sharing company’s stock valued at $398,000 after acquiring an additional 160 shares during the period. 80.24% of the stock is currently owned by institutional investors.

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.