Uber Technologies (NYSE:UBER) PT Set at $109.00 by Needham & Company LLC

Uber Technologies (NYSE:UBER - Get Free Report) has been assigned a $109.00 target price by analysts at Needham & Company LLC in a research note issued to investors on Monday, Marketbeat.com reports. The firm currently has a "buy" rating on the ride-sharing company's stock. Needham & Company LLC's price objective would suggest a potential upside of 18.20% from the stock's previous close.

Other analysts have also recently issued reports about the company. KeyCorp increased their price target on Uber Technologies from $80.00 to $90.00 and gave the stock an "overweight" rating in a research report on Thursday, May 8th. JMP Securities reaffirmed a "market perform" rating on shares of Uber Technologies in a research note on Thursday, May 15th. UBS Group increased their price target on Uber Technologies from $103.00 to $107.00 and gave the company a "buy" rating in a research note on Thursday, May 8th. Bank of America raised their price objective on Uber Technologies from $97.00 to $115.00 and gave the stock a "buy" rating in a research note on Tuesday, July 8th. Finally, JPMorgan Chase & Co. raised their target price on Uber Technologies from $105.00 to $110.00 and gave the stock an "overweight" rating in a research report on Friday. Thirteen analysts have rated the stock with a hold rating and twenty-seven have assigned a buy rating to the company. According to data from MarketBeat, Uber Technologies currently has a consensus rating of "Moderate Buy" and an average target price of $97.63.

Uber Technologies Stock Down 1.8%

UBER traded down $1.67 on Monday, reaching $92.22. The company's stock had a trading volume of 18,469,555 shares, compared to its average volume of 21,225,649. The stock has a market cap of $192.85 billion, a price-to-earnings ratio of 16.15, a price-to-earnings-growth ratio of 1.19 and a beta of 1.40. Uber Technologies has a 1 year low of $54.84 and a 1 year high of $97.72. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.02 and a quick ratio of 1.02. The business's 50 day moving average is $88.64 and its 200 day moving average is $77.98.

Uber Technologies (NYSE:UBER - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The ride-sharing company reported $0.83 earnings per share (EPS) 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 firm had revenue of $11.53 billion for the quarter, compared to analysts' expectations of $11.61 billion. During the same quarter in the prior year, the firm posted ($0.32) earnings per share. Uber Technologies's revenue for the quarter was up 13.8% compared to the same quarter last year. As a group, research analysts forecast that Uber Technologies will post 2.54 EPS for the current fiscal year.

Insider Buying and Selling

In other news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of Uber Technologies stock in a transaction that occurred on 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 in the company, valued at approximately $2,087,625. The trade was a 11.12% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Jill Hazelbaker sold 34,884 shares of Uber Technologies stock in a transaction that occurred on Monday, May 12th. The shares were 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 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 worth $3,496,071 over the last ninety days. Company insiders own 3.70% of the company's stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Transce3nd LLC acquired a new position in shares of Uber Technologies in the 4th quarter valued at $27,000. Fourth Dimension Wealth LLC acquired a new stake in Uber Technologies during the 4th quarter worth $27,000. Kozak & Associates Inc. raised its stake in Uber Technologies by 155.9% during the 1st quarter. Kozak & Associates Inc. now owns 366 shares of the ride-sharing company's stock worth $27,000 after buying an additional 223 shares during the period. Noble Wealth Management PBC acquired a new stake in Uber Technologies during the 1st quarter worth $27,000. Finally, Vision Financial Markets LLC acquired a new stake in shares of Uber Technologies in the 1st quarter valued at about $27,000. Institutional investors and hedge funds own 80.24% of the company's stock.

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.