Uber Technologies, Inc. (NYSE:UBER) Receives $93.91 Consensus Price Target from Analysts

Uber Technologies, Inc. (NYSE:UBER - Get Free Report) has been given an average recommendation of "Moderate Buy" by the thirty-seven brokerages that are currently covering the firm, MarketBeat Ratings reports. Eleven analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has given a strong buy rating to the company. The average 12-month target price among brokers that have covered the stock in the last year is $93.91.

Several research firms recently issued reports on UBER. Loop Capital restated a "buy" rating and set a $105.00 price objective (up from $89.00) on shares of Uber Technologies in a research report on Wednesday, May 21st. Tigress Financial set a $110.00 price objective on shares of Uber Technologies and gave the stock a "buy" rating in a research report on Friday, May 23rd. DA Davidson raised their price objective on shares of Uber Technologies from $80.00 to $98.00 and gave the stock a "buy" rating in a research report on Thursday, May 8th. Citigroup raised their price objective on shares of Uber Technologies from $92.00 to $102.00 and gave the stock a "buy" rating in a research report on Thursday, May 8th. Finally, The Goldman Sachs Group raised their price objective on shares of Uber Technologies from $96.00 to $110.00 and gave the stock a "buy" rating in a research report on Thursday, May 8th.

Uber Technologies Stock Performance

Shares of NYSE UBER traded down $0.30 during mid-day trading on Friday, hitting $84.00. The stock had a trading volume of 29,036,834 shares, compared to its average volume of 20,577,416. The firm has a market cap of $175.66 billion, a PE ratio of 18.42, a PEG ratio of 0.89 and a beta of 1.43. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.41 and a current ratio of 1.07. The company has a 50 day moving average of $79.34 and a two-hundred day moving average of $73.01. Uber Technologies has a twelve month low of $54.84 and a twelve month high of $93.60.

Uber Technologies (NYSE:UBER - Get Free Report) last posted its 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 firm had revenue of $11.53 billion for the quarter, compared to analyst estimates of $11.61 billion. During the same period last year, the company earned ($0.32) earnings per share. Uber Technologies's revenue for the quarter was up 13.8% compared to the same quarter last year. Research analysts predict that Uber Technologies will post 2.54 EPS for the current fiscal year.

Insider Buying and Selling

In other Uber Technologies news, 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 transaction of $1,431,400.00. Following the completion of the transaction, 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 transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Tony West sold 23,404 shares of Uber Technologies stock in a transaction that occurred on Thursday, March 13th. The stock was sold at an average price of $70.27, for a total value of $1,644,599.08. Following the sale, the insider now directly owns 114,241 shares of the company's stock, valued at approximately $8,027,715.07. The trade was a 17.00% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 83,788 shares of company stock worth $6,517,070. 3.84% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Uber Technologies

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Allworth Financial LP increased its stake in shares of Uber Technologies by 8.9% in the 4th quarter. Allworth Financial LP now owns 20,381 shares of the ride-sharing company's stock valued at $1,229,000 after purchasing an additional 1,663 shares during the last quarter. Lecap Asset Management Ltd. bought a new stake in Uber Technologies during the 4th quarter worth $3,188,000. Clark Capital Management Group Inc. grew its position in Uber Technologies by 11,354.8% during the 4th quarter. Clark Capital Management Group Inc. now owns 402,522 shares of the ride-sharing company's stock worth $24,280,000 after acquiring an additional 399,008 shares during the last quarter. Greenwood Capital Associates LLC grew its position in Uber Technologies by 6.4% during the 4th quarter. Greenwood Capital Associates LLC now owns 84,658 shares of the ride-sharing company's stock worth $5,107,000 after acquiring an additional 5,095 shares during the last quarter. Finally, MFG Wealth Management Inc. bought a new stake in Uber Technologies during the 4th quarter worth $1,997,000. 80.24% of the stock is owned by institutional investors and hedge funds.

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.