Susquehanna Boosts Uber Technologies (NYSE:UBER) Price Target to $105.00

Key Points

• Susquehanna raised Uber's price target from $100 to $105, indicating a potential upside of 17.46% based on the stock's previous close, supported by a "positive" rating.
• Analysts have generally been bullish on Uber, with several firms, including Goldman Sachs and Roth Capital, assigning "buy" ratings and increasing their price targets to between $110 and $117.
• Uber reported better-than-expected earnings, with $0.63 EPS for the quarter, exceeding analyst estimates and showcasing an 18.2% increase in revenue compared to the same quarter last year.

Uber Technologies (NYSE:UBER - Get Free Report) had its price target increased by equities research analysts at Susquehanna from $100.00 to $105.00 in a research report issued on Thursday,Benzinga reports. The firm currently has a "positive" rating on the ride-sharing company's stock. Susquehanna's target price suggests a potential upside of 17.46% from the stock's previous close.

UBER has been the subject of a number of other reports. JMP Securities reissued a "market perform" rating on shares of Uber Technologies in a report on Thursday, May 15th. The Goldman Sachs Group raised their price objective on Uber Technologies from $96.00 to $110.00 and gave the stock a "buy" rating in a report on Thursday, May 8th. Roth Capital increased their target price on shares of Uber Technologies from $93.00 to $110.00 and gave the stock a "buy" rating in a research report on Monday, July 14th. Wall Street Zen upgraded Uber Technologies from a "hold" rating to a "buy" rating in a report on Friday, July 18th. Finally, Stifel Nicolaus boosted their target price on shares of Uber Technologies from $110.00 to $117.00 and gave the stock a "buy" rating in a research report on Tuesday, July 29th. Ten investment analysts have rated the stock with a hold rating and thirty have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $101.43.

Uber Technologies Stock Up 0.0%

UBER opened at $89.39 on Thursday. Uber Technologies has a one year low of $59.33 and a one year high of $97.71. The company has a market cap of $186.93 billion, a price-to-earnings ratio of 15.66, a PEG ratio of 1.03 and a beta of 1.43. The business's fifty day moving average is $89.17 and its two-hundred day moving average is $80.74. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.02 and a current ratio of 1.02.

Uber Technologies (NYSE:UBER - Get Free Report) last announced its earnings results on Wednesday, August 6th. The ride-sharing company reported $0.63 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.61 by $0.02. The company had revenue of $12.65 billion during the quarter, compared to analysts' expectations of $12.45 billion. Uber Technologies had a net margin of 27.07% and a return on equity of 66.46%. The firm's quarterly revenue was up 18.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.47 earnings per share. Analysts anticipate that Uber Technologies will post 2.54 EPS for the current fiscal year.

Insider Activity

In other news, insider Jill Hazelbaker sold 34,884 shares of the company's stock in a transaction on Monday, May 12th. The stock was sold at an average price of $86.03, for a total transaction of $3,001,070.52. Following the completion of the sale, the insider directly owned 102,135 shares of the company's stock, valued at $8,786,674.05. This represents a 25.46% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of Uber Technologies stock in a transaction dated Monday, July 7th. The shares were sold at an average price of $95.00, for a total value of $261,250.00. Following the transaction, the chief financial officer directly owned 21,975 shares in the company, valued at approximately $2,087,625. This trade represents a 11.12% decrease in their position. The disclosure for this sale can be found here. Company insiders own 3.84% of the company's stock.

Institutional Investors Weigh In On Uber Technologies

Several hedge funds and other institutional investors have recently made changes to their positions in UBER. Vanguard Group Inc. boosted its stake in Uber Technologies by 3.2% during the first quarter. Vanguard Group Inc. now owns 186,526,036 shares of the ride-sharing company's stock worth $13,590,287,000 after buying an additional 5,759,353 shares in the last quarter. Capital Research Global Investors lifted its stake in Uber Technologies by 79.0% during the fourth quarter. Capital Research Global Investors now owns 118,131,681 shares of the ride-sharing company's stock worth $7,125,728,000 after purchasing an additional 52,125,476 shares during the period. Capital World Investors grew its stake in shares of Uber Technologies by 10.1% in the 4th quarter. Capital World Investors now owns 30,355,075 shares of the ride-sharing company's stock valued at $1,831,021,000 after purchasing an additional 2,792,039 shares during the period. Pershing Square Capital Management L.P. acquired a new position in shares of Uber Technologies in the 1st quarter worth approximately $2,207,743,000. Finally, Kingstone Capital Partners Texas LLC boosted its stake in Uber Technologies by 334,075.7% in the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 19,973,682 shares of the ride-sharing company's stock valued at $1,863,545,000 after buying an additional 19,967,705 shares in the last quarter. 80.24% of the stock is 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.

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