Uber Technologies (NYSE:UBER) Given New $117.00 Price Target at Stifel Nicolaus

Key Points

• Stifel Nicolaus raised its price target for Uber Technologies from $110.00 to $117.00, indicating a potential upside of 34.15% from the current stock price.
• The company reported a net margin of 27.07% and a return on equity of 66.46%, with revenues of $11.53 billion for the last quarter.
• Recently, CFO Prashanth Mahendra-Rajah sold 2,750 shares of Uber stock, resulting in an 11.12% decrease in his ownership stake.

Uber Technologies (NYSE:UBER - Get Free Report) had its price objective raised by equities research analysts at Stifel Nicolaus from $110.00 to $117.00 in a note issued to investors on Tuesday,Benzinga reports. The firm currently has a "buy" rating on the ride-sharing company's stock. Stifel Nicolaus' price target would suggest a potential upside of 34.15% from the company's current price.

UBER has been the subject of several other research reports. Sanford C. Bernstein boosted their price target on Uber Technologies from $95.00 to $110.00 and gave the company an "outperform" rating in a research note on Monday, July 21st. Piper Sandler upped their price objective on shares of Uber Technologies from $95.00 to $103.00 and gave the stock an "overweight" rating in a report on Thursday, July 24th. KeyCorp upped their price objective on shares of Uber Technologies from $90.00 to $110.00 and gave the stock an "overweight" rating in a report on Monday, July 14th. Wedbush downgraded shares of Uber Technologies from an "outperform" rating to a "neutral" rating and upped their price objective for the stock from $80.00 to $85.00 in a report on Thursday, May 8th. Finally, Royal Bank Of Canada reaffirmed an "outperform" rating and set a $82.00 price objective on shares of Uber Technologies in a report on Monday, May 5th. Ten investment analysts have rated the stock with a hold rating and twenty-nine have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $100.71.

Uber Technologies Stock Down 3.7%

Shares of UBER stock traded down $3.38 on Tuesday, reaching $87.22. 7,738,149 shares of the company's stock traded hands, compared to its average volume of 22,226,463. 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 has a 12-month low of $54.84 and a 12-month high of $97.71. The business's 50 day moving average price is $89.25 and its two-hundred day moving average price is $79.89. The company has a market capitalization of $182.39 billion, a P/E ratio of 15.30, a price-to-earnings-growth ratio of 1.05 and a beta of 1.40.

Uber Technologies (NYSE:UBER - Get Free Report) last released its earnings results on Wednesday, May 7th. The ride-sharing company reported $0.83 earnings per share for the quarter, beating the consensus estimate of $0.50 by $0.33. Uber Technologies had a return on equity of 66.46% and a net margin of 27.07%. The company had revenue of $11.53 billion for the quarter, compared to analysts' expectations of $11.61 billion. During the same quarter in the previous year, the business posted ($0.32) EPS. The business's revenue for the quarter was up 13.8% on a year-over-year basis. On average, equities analysts forecast that Uber Technologies will post 2.54 earnings per share for the current year.

Insider Buying and Selling at Uber Technologies

In other news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the 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 completion of the transaction, the chief financial officer owned 21,975 shares of the company's stock, valued at approximately $2,087,625. This represents a 11.12% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jill Hazelbaker sold 34,884 shares of the stock in a transaction dated 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 transaction, the insider directly owned 102,135 shares of the company's stock, valued at $8,786,674.05. This trade represents a 25.46% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 40,384 shares of company stock valued at $3,496,071 over the last 90 days. Corporate insiders own 3.84% of the company's stock.

Hedge Funds Weigh In On Uber Technologies

Several institutional investors and hedge funds have recently added to or reduced their stakes in UBER. Capital Research Global Investors raised its position in shares of Uber Technologies by 79.0% in the 4th quarter. Capital Research Global Investors now owns 118,131,681 shares of the ride-sharing company's stock worth $7,125,728,000 after acquiring an additional 52,125,476 shares in the last quarter. Pershing Square Capital Management L.P. bought a new stake in Uber Technologies in the first quarter worth approximately $2,207,743,000. Kingstone Capital Partners Texas LLC increased its stake in shares of 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 acquiring an additional 19,967,705 shares in the last quarter. Pacer Advisors Inc. increased its stake in Uber Technologies by 2,571.2% in the first quarter. Pacer Advisors Inc. now owns 6,498,167 shares of the ride-sharing company's stock valued at $473,456,000 after purchasing an additional 6,254,898 shares in the last quarter. Finally, Vanguard Group Inc. increased its position in Uber Technologies by 3.2% in the 1st quarter. Vanguard Group Inc. now owns 186,526,036 shares of the ride-sharing company's stock valued at $13,590,287,000 after buying an additional 5,759,353 shares in the last quarter. 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.

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