Barclays Boosts Uber Technologies (NYSE:UBER) Price Target to $97.00

Uber Technologies (NYSE:UBER - Get Free Report) had its price objective increased by Barclays from $86.00 to $97.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm presently has an "overweight" rating on the ride-sharing company's stock. Barclays's price objective would indicate a potential upside of 16.84% from the stock's current price.

Several other equities research analysts also recently weighed in on the stock. Fox Advisors downgraded shares of Uber Technologies from an "overweight" rating to an "equal weight" rating in a research note on Tuesday, March 11th. Bank of America raised their price target on Uber Technologies from $96.00 to $97.00 and gave the company a "buy" rating in a research report on Thursday. Raymond James raised their price target on Uber Technologies from $95.00 to $100.00 and gave the stock a "strong-buy" rating in a research report on Thursday. TD Cowen reduced their price target on Uber Technologies from $90.00 to $88.00 and set a "buy" rating on the stock in a research note on Tuesday, April 8th. Finally, Benchmark restated a "hold" rating on shares of Uber Technologies in a report on Friday, January 31st. Eleven investment analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Uber Technologies has an average rating of "Moderate Buy" and an average target price of $92.38.

Uber Technologies Trading Down 0.8 %

NYSE:UBER traded down $0.63 on Thursday, hitting $83.02. The stock had a trading volume of 15,339,075 shares, compared to its average volume of 20,400,444. The stock has a market cap of $173.66 billion, a price-to-earnings ratio of 18.21, a PEG ratio of 0.89 and a beta of 1.43. Uber Technologies has a 1-year low of $54.84 and a 1-year high of $87.00. The company has a quick ratio of 1.41, a current ratio of 1.07 and a debt-to-equity ratio of 0.37. The company has a fifty day moving average price of $74.42 and a two-hundred day moving average price of $71.56.

Uber Technologies (NYSE:UBER - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The ride-sharing company reported $0.83 earnings per share for the quarter, beating analysts' consensus estimates of $0.50 by $0.33. Uber Technologies had a net margin of 22.41% and a return on equity of 62.60%. The firm had revenue of $11.53 billion during the quarter, compared to analysts' expectations of $11.61 billion. During the same quarter in the previous year, the business posted ($0.32) earnings per share. The business's quarterly revenue was up 13.8% compared to the same quarter last year. Equities research analysts expect that Uber Technologies will post 2.54 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider Tony West sold 23,404 shares of the company's stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of $70.27, for a total value of $1,644,599.08. Following the sale, the insider now owns 114,241 shares in the company, valued at $8,027,715.07. This represents a 17.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Jill Hazelbaker sold 31,000 shares of the firm's stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $81.02, for a total transaction of $2,511,620.00. Following the sale, the insider now owns 86,973 shares of the company's stock, valued at $7,046,552.46. This trade represents a 26.28 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 79,904 shares of company stock valued at $6,027,619 in the last three months. Insiders own 3.84% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in UBER. Principal Financial Group Inc. raised its holdings in 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 purchasing an additional 162,528 shares during the period. Diversified Trust Co lifted its position in shares of Uber Technologies by 3.7% during the fourth quarter. Diversified Trust Co now owns 15,667 shares of the ride-sharing company's stock worth $945,000 after purchasing an additional 557 shares during the last quarter. Fulton Bank N.A. lifted its stake in Uber Technologies by 86.5% in the fourth quarter. Fulton Bank N.A. now owns 22,337 shares of the ride-sharing company's stock worth $1,347,000 after acquiring an additional 10,357 shares during the period. Watts Gwilliam & Co. LLC raised its holdings in Uber Technologies by 537.1% in the fourth quarter. Watts Gwilliam & Co. LLC now owns 72,943 shares of the ride-sharing company's stock worth $4,825,000 after purchasing an additional 61,494 shares in the last quarter. Finally, Fortitude Family Office LLC raised its position in shares of Uber Technologies by 32.1% in the 4th quarter. Fortitude Family Office LLC now owns 795 shares of the ride-sharing company's stock valued at $48,000 after purchasing an additional 193 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.

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