Uber Technologies (NYSE:UBER) Given New $100.00 Price Target at Jefferies Financial Group

Uber Technologies (NYSE:UBER - Get Free Report) had its price objective dropped by stock analysts at Jefferies Financial Group from $103.00 to $100.00 in a report issued on Thursday, Benzinga reports. The brokerage presently has a "buy" rating on the ride-sharing company's stock. Jefferies Financial Group's price target would indicate a potential upside of 47.21% from the company's current price.

Other analysts have also issued research reports about the stock. Gordon Haskett lowered shares of Uber Technologies from a "buy" rating to a "hold" rating and set a $66.00 target price for the company. in a research note on Wednesday, January 24th. KeyCorp lifted their target price on shares of Uber Technologies from $79.00 to $90.00 and gave the stock an "overweight" rating in a research report on Thursday, February 15th. BMO Capital Markets upped their target price on Uber Technologies from $82.00 to $92.00 and gave the company an "outperform" rating in a report on Thursday, February 15th. Citigroup lifted their price target on Uber Technologies from $91.00 to $93.00 and gave the stock a "buy" rating in a report on Thursday. Finally, Barclays boosted their price objective on Uber Technologies from $63.00 to $86.00 and gave the stock an "overweight" rating in a research report on Thursday, February 8th. Two analysts have rated the stock with a hold rating and thirty have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Uber Technologies presently has an average rating of "Moderate Buy" and an average target price of $83.44.

Uber Technologies Stock Up 2.3 %

NYSE UBER traded up $1.53 on Thursday, hitting $67.93. 27,956,039 shares of the company were exchanged, compared to its average volume of 20,634,590. Uber Technologies has a 12 month low of $37.07 and a 12 month high of $82.14. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.79. The company has a market cap of $141.39 billion, a PE ratio of 78.99, a PEG ratio of 1.09 and a beta of 1.39. The stock has a fifty day moving average of $74.57 and a 200-day moving average of $65.85.

Uber Technologies (NYSE:UBER - Get Free Report) last issued its 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 return on equity of 18.95% and a net margin of 5.06%. The firm had revenue of $10.13 billion for the quarter, compared to analyst estimates of $10.09 billion. During the same period in the previous year, the company earned ($0.08) earnings per share. Uber Technologies's revenue for the quarter was up 14.8% compared to the same quarter last year. As a group, analysts forecast that Uber Technologies will post 1.23 earnings per share for the current year.

Insider Transactions at Uber Technologies

In other Uber Technologies news, insider Tony West sold 18,750 shares of the firm's stock in a transaction on Monday, February 12th. The shares were sold at an average price of $70.08, for a total value of $1,314,000.00. Following the sale, the insider now owns 185,566 shares of the company's stock, valued at approximately $13,004,465.28. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, insider Jill Hazelbaker sold 20,000 shares of the company'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 completion of the transaction, the insider now owns 107,290 shares in the company, valued at $8,350,380.70. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Tony West sold 18,750 shares of the company'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 of the company's stock, valued at $13,004,465.28. The disclosure for this sale can be found here. Company insiders own 3.80% of the company's stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Brighton Jones LLC lifted its position in Uber Technologies by 218.0% during the 1st quarter. Brighton Jones LLC now owns 56,746 shares of the ride-sharing company's stock valued at $4,369,000 after acquiring an additional 38,904 shares during the period. ProVise Management Group LLC grew its stake in shares of Uber Technologies by 14.3% in the 1st quarter. ProVise Management Group LLC now owns 4,005 shares of the ride-sharing company's stock worth $308,000 after buying an additional 500 shares during the last quarter. Orion Portfolio Solutions LLC increased its holdings in shares of Uber Technologies by 19.0% during the first quarter. Orion Portfolio Solutions LLC now owns 25,216 shares of the ride-sharing company's stock valued at $1,941,000 after acquiring an additional 4,024 shares in the last quarter. Blair William & Co. IL raised its holdings in Uber Technologies by 11.7% in the first quarter. Blair William & Co. IL now owns 3,210,584 shares of the ride-sharing company's stock worth $247,183,000 after buying an additional 337,219 shares during the last quarter. Finally, Kingsview Wealth Management LLC raised its holdings in Uber Technologies by 5.6% in the 1st quarter. Kingsview Wealth Management LLC now owns 12,784 shares of the ride-sharing company's stock worth $984,000 after acquiring an additional 680 shares during the last quarter. Hedge funds and other 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.