Uber Technologies (NYSE:UBER) Given a $110.00 Price Target by Tigress Financial Analysts

Tigress Financial set a $110.00 target price on Uber Technologies (NYSE:UBER - Free Report) in a research report sent to investors on Friday, Marketbeat Ratings reports. The brokerage currently has a buy rating on the ride-sharing company's stock.

UBER has been the subject of several other research reports. Fox Advisors cut shares of Uber Technologies from an "overweight" rating to an "equal weight" rating in a report on Tuesday, March 11th. JMP Securities reissued a "market perform" rating on shares of Uber Technologies in a research report on Thursday, May 15th. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $80.00 price objective on shares of Uber Technologies in a report on Wednesday, April 16th. KeyCorp boosted their target price on Uber Technologies from $80.00 to $90.00 and gave the company an "overweight" rating in a report on Thursday, May 8th. Finally, The Goldman Sachs Group upped their target price on Uber Technologies from $96.00 to $110.00 and gave the company a "buy" rating in a research report on Thursday, May 8th. Eleven equities research analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Uber Technologies currently has an average rating of "Moderate Buy" and a consensus target price of $93.91.

Uber Technologies Stock Up 1.4%

NYSE UBER traded up $1.25 during trading on Friday, reaching $89.00. 17,427,283 shares of the company's stock were exchanged, compared to its average volume of 20,428,807. The company has a 50 day moving average price of $78.47 and a two-hundred day moving average price of $72.61. The stock has a market cap of $186.11 billion, a P/E ratio of 19.52, a price-to-earnings-growth ratio of 0.89 and a beta of 1.43. Uber Technologies has a 1 year low of $54.84 and a 1 year high of $93.60. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.41 and a current ratio of 1.07.

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

Insiders Place Their Bets

In related news, insider Tony West sold 23,404 shares of the firm's stock in a transaction that occurred on Thursday, March 13th. The shares were sold at an average price of $70.27, for a total transaction of $1,644,599.08. Following the sale, the insider now owns 114,241 shares in the company, valued at approximately $8,027,715.07. This trade represents a 17.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Nikki Krishnamurthy sold 20,000 shares of Uber Technologies 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 approximately $25,901,755.56. This represents a 5.24% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 83,788 shares of company stock worth $6,517,070. 3.84% of the stock is owned by corporate insiders.

Institutional Trading of Uber Technologies

Institutional investors have recently made changes to their positions in the stock. Capital Research Global Investors grew its position in Uber Technologies by 79.0% in the fourth quarter. Capital Research Global Investors now owns 118,131,681 shares of the ride-sharing company's stock valued at $7,125,728,000 after acquiring an additional 52,125,476 shares in the last quarter. Pershing Square Capital Management L.P. acquired a new position in Uber Technologies in the 1st quarter worth $2,207,743,000. Norges Bank purchased a new position in Uber Technologies in the 4th quarter valued at about $1,467,754,000. Jennison Associates LLC grew its stake in shares of Uber Technologies by 36.9% during the fourth quarter. Jennison Associates LLC now owns 26,460,312 shares of the ride-sharing company's stock valued at $1,596,086,000 after acquiring an additional 7,137,512 shares in the last quarter. Finally, Boston Partners purchased a new stake in shares of Uber Technologies during the fourth quarter worth about $381,057,000. 80.24% of the stock is owned by hedge funds and other institutional investors.

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.