Citigroup Boosts Uber Technologies (NYSE:UBER) Price Target to $93.00

Uber Technologies (NYSE:UBER - Get Free Report) had its price objective lifted by stock analysts at Citigroup from $91.00 to $93.00 in a report released on Thursday, Benzinga reports. The firm presently has a "buy" rating on the ride-sharing company's stock. Citigroup's price target points to a potential upside of 36.91% from the stock's current price.

UBER has been the topic of several other research reports. BMO Capital Markets upped their price target on shares of Uber Technologies from $82.00 to $92.00 and gave the company an "outperform" rating in a report on Thursday, February 15th. KeyCorp raised their price target on Uber Technologies from $79.00 to $90.00 and gave the stock an "overweight" rating in a research report on Thursday, February 15th. Royal Bank of Canada reduced their price objective on Uber Technologies from $85.00 to $80.00 and set an "outperform" rating on the stock in a research report on Thursday. Susquehanna lifted their price objective on Uber Technologies from $60.00 to $85.00 and gave the stock a "positive" rating in a research report on Thursday, February 8th. Finally, Mizuho upped their target price on shares of Uber Technologies from $77.00 to $83.00 and gave the company a "buy" rating in a report on Thursday, February 8th. Two investment analysts have rated the stock with a hold rating and thirty have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $83.44.

Uber Technologies Price Performance

Shares of UBER traded up $1.53 on Thursday, reaching $67.93. The stock had a trading volume of 27,956,039 shares, compared to its average volume of 20,634,590. Uber Technologies has a twelve month low of $37.07 and a twelve month high of $82.14. The firm has a market capitalization of $141.39 billion, a PE ratio of 78.99, a PEG ratio of 1.09 and a beta of 1.39. The firm has a 50-day moving average of $74.57 and a 200 day moving average of $65.85. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.79.

Uber Technologies (NYSE:UBER - Get Free Report) 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 5.06% and a return on equity of 18.95%. The firm had revenue of $10.13 billion during the quarter, compared to analysts' expectations of $10.09 billion. During the same quarter in the prior year, the business earned ($0.08) EPS. The company's quarterly revenue was up 14.8% compared to the same quarter last year. Sell-side analysts expect that Uber Technologies will post 1.23 EPS for the current year.

Insider Buying and Selling at Uber Technologies

In related news, insider Jill Hazelbaker sold 20,000 shares of the business's stock in a transaction that occurred on 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 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 filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, insider Jill Hazelbaker sold 20,000 shares of Uber Technologies stock in a transaction 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 sale, the insider now 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 Securities & Exchange Commission, which is accessible through this link. Also, insider Tony West sold 18,750 shares of the business's stock in a transaction on Monday, February 12th. The stock was sold at an average price of $70.08, for a total transaction of $1,314,000.00. Following the completion of the transaction, the insider now owns 185,566 shares in the company, valued at approximately $13,004,465.28. The disclosure for this sale can be found here. 3.80% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Uber Technologies

A number of hedge funds have recently bought and sold shares of UBER. Vanguard Group Inc. grew its stake in Uber Technologies by 34.8% in the fourth quarter. Vanguard Group Inc. now owns 167,629,367 shares of the ride-sharing company's stock worth $10,320,940,000 after purchasing an additional 43,275,830 shares in the last quarter. Norges Bank bought a new stake in shares of Uber Technologies in the 4th quarter valued at approximately $1,415,778,000. Edgewood Management LLC acquired a new stake in shares of Uber Technologies during the 4th quarter valued at approximately $783,401,000. Capital Research Global Investors lifted its stake in Uber Technologies by 28.4% during the fourth quarter. Capital Research Global Investors now owns 36,928,116 shares of the ride-sharing company's stock worth $2,273,669,000 after purchasing an additional 8,164,816 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA acquired a new position in Uber Technologies in the third quarter worth $272,625,000. Institutional investors and hedge funds own 80.24% of the company's stock.

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.