KeyCorp Increases Uber Technologies (NYSE:UBER) Price Target to $90.00

Uber Technologies (NYSE:UBER - Get Free Report) had its price target lifted by KeyCorp from $80.00 to $90.00 in a research report issued on Thursday,Benzinga reports. The brokerage presently has an "overweight" rating on the ride-sharing company's stock. KeyCorp's price target points to a potential upside of 8.26% from the stock's previous close.

A number of other research analysts have also recently commented on UBER. JPMorgan Chase & Co. raised their target price on Uber Technologies from $80.00 to $92.00 and gave the company an "overweight" rating in a research note on Thursday. Benchmark reiterated a "hold" rating on shares of Uber Technologies in a research report on Friday, January 31st. Wells Fargo & Company increased their price objective on shares of Uber Technologies from $90.00 to $100.00 and gave the company an "overweight" rating in a report on Thursday. KGI Securities reiterated a "neutral" rating and issued a $78.00 target price on shares of Uber Technologies in a research note on Tuesday, March 11th. Finally, Needham & Company LLC restated a "buy" rating and set a $90.00 target price on shares of Uber Technologies in a research note on Wednesday. Eleven investment analysts have rated the stock with a hold rating, twenty-four have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, Uber Technologies has an average rating of "Moderate Buy" and a consensus price target of $91.87.

Uber Technologies Price Performance

Shares of Uber Technologies stock traded down $0.52 during midday trading on Thursday, hitting $83.13. 11,729,778 shares of the company traded hands, compared to its average volume of 23,260,795. The stock has a market cap of $173.89 billion, a price-to-earnings ratio of 18.23, a PEG ratio of 0.89 and a beta of 1.43. Uber Technologies has a 12 month low of $54.84 and a 12 month high of $87.00. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.41 and a current ratio of 1.07. The firm's fifty day moving average price is $74.42 and its 200-day moving average price is $71.56.

Uber Technologies (NYSE:UBER - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The ride-sharing company reported $0.83 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.50 by $0.33. Uber Technologies had a return on equity of 62.60% and a net margin of 22.41%. The business had revenue of $11.53 billion during the quarter, compared to the consensus estimate of $11.61 billion. During the same quarter in the previous year, the business earned ($0.32) EPS. The company's quarterly revenue was up 13.8% on a year-over-year basis. As a group, sell-side analysts forecast that Uber Technologies will post 2.54 earnings per share for the current year.

Insider Activity

In other Uber Technologies news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the business's stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $85.00, for a total transaction of $233,750.00. Following the sale, the chief financial officer now directly owns 21,063 shares of the company's stock, valued at $1,790,355. The trade was a 11.55 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Jill Hazelbaker sold 31,000 shares of the company's stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $81.02, for a total value of $2,511,620.00. Following the sale, the insider now owns 86,973 shares in the company, valued at $7,046,552.46. The trade was a 26.28 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 79,904 shares of company stock valued at $6,027,619 in the last 90 days. 3.84% of the stock is owned by company insiders.

Institutional Trading of Uber Technologies

A number of institutional investors have recently modified their holdings of the stock. Avion Wealth grew its holdings in shares of Uber Technologies by 96.0% during the fourth quarter. Avion Wealth now owns 445 shares of the ride-sharing company's stock worth $26,000 after purchasing an additional 218 shares during the last quarter. Transce3nd LLC acquired a new position in shares of Uber Technologies during the fourth quarter worth approximately $27,000. Fourth Dimension Wealth LLC bought a new stake in shares of Uber Technologies during the fourth quarter worth about $27,000. Kozak & Associates Inc. boosted its holdings in Uber Technologies by 155.9% during the 1st quarter. Kozak & Associates Inc. now owns 366 shares of the ride-sharing company's stock worth $27,000 after acquiring an additional 223 shares during the last quarter. Finally, Noble Wealth Management PBC bought a new position in shares of Uber Technologies during the 1st quarter worth approximately $27,000. 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.