Tigress Financial Boosts Uber Technologies (NYSE:UBER) Price Target to $96.00

Uber Technologies (NYSE:UBER - Get Free Report) had its price target increased by research analysts at Tigress Financial from $72.00 to $96.00 in a report issued on Friday, Benzinga reports. The firm presently has a "buy" rating on the ride-sharing company's stock. Tigress Financial's price objective indicates a potential upside of 38.69% from the company's previous close.

Other equities research analysts have also recently issued research reports about the stock. Wells Fargo & Company lifted their target price on shares of Uber Technologies from $90.00 to $95.00 and gave the stock an "overweight" rating in a research note on Monday, April 8th. Jefferies Financial Group boosted their price target on shares of Uber Technologies from $95.00 to $100.00 and gave the stock a "buy" rating in a research report on Friday, April 5th. Needham & Company LLC reiterated a "buy" rating and issued a $90.00 price objective on shares of Uber Technologies in a report on Friday, April 5th. JMP Securities restated a "market outperform" rating and set a $85.00 target price on shares of Uber Technologies in a report on Thursday, March 28th. Finally, JPMorgan Chase & Co. increased their price target on Uber Technologies from $84.00 to $95.00 and gave the company an "overweight" rating in a report on Thursday, February 15th. Two research analysts have rated the stock with a hold rating and twenty-nine have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $78.94.

Uber Technologies Stock Performance

UBER stock traded down $2.08 during midday trading on Friday, reaching $69.22. The stock had a trading volume of 23,174,722 shares, compared to its average volume of 19,588,287. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.19 and a current ratio of 1.19. The firm has a fifty day simple moving average of $76.89 and a two-hundred day simple moving average of $63.50. The stock has a market cap of $144.07 billion, a PE ratio of 80.49, a P/E/G ratio of 1.14 and a beta of 1.36. Uber Technologies has a 52-week low of $29.22 and a 52-week high of $82.14.

Uber Technologies (NYSE:UBER - Get Free Report) last posted its earnings results on Wednesday, February 7th. The ride-sharing company reported $0.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.50. The firm had revenue of $9.94 billion during the quarter, compared to analysts' expectations of $9.76 billion. Uber Technologies had a net margin of 5.06% and a return on equity of 18.95%. The business's revenue was up 15.4% compared to the same quarter last year. During the same period in the previous year, the business posted $0.29 EPS. As a group, equities research analysts anticipate that Uber Technologies will post 1.22 EPS for the current year.

Insider Activity

In other Uber Technologies news, insider Jill Hazelbaker sold 20,000 shares of the business's stock in a transaction that occurred on Wednesday, February 14th. The shares were sold at an average price of $77.83, for a total transaction of $1,556,600.00. Following the completion of the transaction, the insider now owns 107,290 shares in the company, valued at approximately $8,350,380.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, insider Jill Hazelbaker sold 20,000 shares of the company's stock in a transaction dated Wednesday, February 14th. The stock was sold at an average price of $77.83, for a total transaction of $1,556,600.00. Following the completion of the transaction, the insider now directly owns 107,290 shares of the company's stock, valued at approximately $8,350,380.70. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Tony West sold 18,750 shares of the firm's stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $70.08, for a total value of $1,314,000.00. Following the sale, the insider now directly owns 185,566 shares in the company, valued at approximately $13,004,465.28. The disclosure for this sale can be found here. Company insiders own 3.84% of the company's stock.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Hilltop Holdings Inc. boosted its position in Uber Technologies by 2.9% during the 4th quarter. Hilltop Holdings Inc. now owns 5,634 shares of the ride-sharing company's stock worth $347,000 after purchasing an additional 157 shares during the period. Sivia Capital Partners LLC boosted its holdings in Uber Technologies by 3.3% in the 1st quarter. Sivia Capital Partners LLC now owns 4,882 shares of the ride-sharing company's stock worth $376,000 after acquiring an additional 157 shares during the period. Drive Wealth Management LLC grew its position in Uber Technologies by 3.6% in the fourth quarter. Drive Wealth Management LLC now owns 4,691 shares of the ride-sharing company's stock valued at $289,000 after acquiring an additional 163 shares in the last quarter. Blue Bell Private Wealth Management LLC raised its stake in shares of Uber Technologies by 49.7% during the fourth quarter. Blue Bell Private Wealth Management LLC now owns 524 shares of the ride-sharing company's stock valued at $32,000 after purchasing an additional 174 shares during the period. Finally, Cigna Investments Inc. New lifted its position in shares of Uber Technologies by 0.9% during the fourth quarter. Cigna Investments Inc. New now owns 20,743 shares of the ride-sharing company's stock worth $1,277,000 after purchasing an additional 178 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.