Uber Technologies (NYSE:UBER) Price Target Raised to $100.00

Uber Technologies (NYSE:UBER - Free Report) had its target price upped by Raymond James from $95.00 to $100.00 in a report released on Thursday,Benzinga reports. The firm currently has a strong-buy rating on the ride-sharing company's stock.

Several other brokerages have also issued reports on UBER. Benchmark restated a "hold" rating on shares of Uber Technologies in a research report on Friday, January 31st. Bank of America upped their target price on Uber Technologies from $96.00 to $97.00 and gave the company a "buy" rating in a research report on Thursday. Piper Sandler reaffirmed an "overweight" rating and issued a $87.00 price target (up from $80.00) on shares of Uber Technologies in a report on Tuesday, February 18th. UBS Group reissued a "buy" rating on shares of Uber Technologies in a research note on Friday, February 21st. Finally, Arete Research raised shares of Uber Technologies to a "hold" rating in a research note on Tuesday, February 18th. Eleven analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $92.69.

Uber Technologies Price Performance

Shares of UBER stock traded up $5.29 during trading hours on Thursday, hitting $88.10. The stock had a trading volume of 39,057,142 shares, compared to its average volume of 20,224,530. Uber Technologies has a one year low of $54.84 and a one year high of $88.29. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.07 and a quick ratio of 1.41. The stock's 50-day moving average price is $74.72 and its two-hundred day moving average price is $71.48. The stock has a market capitalization of $184.23 billion, a price-to-earnings ratio of 19.32, a PEG ratio of 0.89 and a beta of 1.43.

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

Insider Transactions at Uber Technologies

In related news, SVP Nikki Krishnamurthy sold 20,000 shares of the business's stock in a transaction on Friday, March 14th. The shares were sold at an average price of $71.57, for a total value of $1,431,400.00. Following the completion of the sale, the senior vice president now directly owns 361,908 shares of the company's stock, valued at $25,901,755.56. The trade was a 5.24% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Jill Hazelbaker sold 31,000 shares of Uber Technologies stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $81.02, for a total transaction of $2,511,620.00. Following the completion of the transaction, the insider now owns 86,973 shares in the company, valued at approximately $7,046,552.46. This represents a 26.28% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 79,904 shares of company stock valued at $6,027,619. Insiders own 3.84% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Avion Wealth boosted its holdings in 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 buying an additional 218 shares in the last quarter. Transce3nd LLC purchased a new stake in shares of Uber Technologies in the fourth quarter valued at about $27,000. Fourth Dimension Wealth LLC purchased a new position in shares of Uber Technologies during the fourth quarter valued at approximately $27,000. Kozak & Associates Inc. lifted its stake in shares of Uber Technologies by 155.9% during the first quarter. Kozak & Associates Inc. now owns 366 shares of the ride-sharing company's stock valued at $27,000 after buying an additional 223 shares during the period. Finally, Noble Wealth Management PBC purchased a new position in shares of Uber Technologies during the first quarter valued at approximately $27,000. 80.24% of the stock is currently owned by institutional investors and hedge funds.

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.