Uber Technologies (NYSE:UBER) Price Target Raised to $107.00

Uber Technologies (NYSE:UBER - Get Free Report) had its target price hoisted by equities researchers at UBS Group from $103.00 to $107.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage presently has a "buy" rating on the ride-sharing company's stock. UBS Group's price objective would indicate a potential upside of 29.54% from the stock's current price.

A number of other research firms also recently weighed in on UBER. KeyCorp lifted their price target on Uber Technologies from $80.00 to $90.00 and gave the company an "overweight" rating in a research note on Thursday. Bank of America upped their price target on shares of Uber Technologies from $96.00 to $97.00 and gave the stock a "buy" rating in a research note on Thursday. Benchmark reissued a "hold" rating on shares of Uber Technologies in a report on Friday, January 31st. Arete Research upgraded shares of Uber Technologies to a "hold" rating in a research report on Tuesday, February 18th. Finally, Needham & Company LLC restated a "buy" rating and issued a $90.00 price target on shares of Uber Technologies in a report on Wednesday. Eleven research analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Uber Technologies currently has an average rating of "Moderate Buy" and an average target price of $92.69.

Uber Technologies Stock Performance

UBER traded up $0.30 during trading on Thursday, hitting $82.60. The stock had a trading volume of 19,093,139 shares, compared to its average volume of 20,143,975. The firm has a market capitalization of $172.73 billion, a P/E ratio of 18.11, 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. Uber Technologies has a twelve month low of $54.84 and a twelve month high of $87.00. The company's 50-day moving average price is $74.72 and its 200 day moving average price is $71.59.

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

Insider Buying and Selling at Uber Technologies

In other news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of Uber Technologies stock in a transaction dated Thursday, March 20th. The shares were sold at an average price of $75.00, for a total value of $206,250.00. Following the completion of the transaction, the chief financial officer now directly owns 22,162 shares of the company's stock, valued at approximately $1,662,150. The trade was a 11.04 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Jill Hazelbaker sold 31,000 shares of the stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $81.02, for a total transaction of $2,511,620.00. Following the sale, the insider now owns 86,973 shares in the company, valued at approximately $7,046,552.46. This trade represents a 26.28 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 79,904 shares of company stock worth $6,027,619 over the last quarter. 3.84% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in UBER. Capital Research Global Investors increased its holdings 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 during the period. Norges Bank acquired a new stake in shares of Uber Technologies in the fourth quarter valued at approximately $1,467,754,000. Jennison Associates LLC raised its holdings 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 buying an additional 7,137,512 shares during the last quarter. Boston Partners bought a new position in Uber Technologies in the 4th quarter worth approximately $381,057,000. Finally, Pacer Advisors Inc. increased its position in Uber Technologies by 2,571.2% in the 1st quarter. Pacer Advisors Inc. now owns 6,498,167 shares of the ride-sharing company's stock valued at $473,456,000 after acquiring an additional 6,254,898 shares during the period. 80.24% of the stock is currently owned by 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.