Uber Technologies (NYSE:UBER) Price Target Raised to $103.00

Uber Technologies (NYSE:UBER) had its price objective raised by Tigress Financial from $96.00 to $103.00 in a report issued on Monday morning,Benzinga reports. They currently have a buy rating on the ride-sharing company’s stock.

A number of other brokerages also recently commented on UBER. Bank of America upped their price objective on Uber Technologies from $88.00 to $96.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. Benchmark restated a “hold” rating on shares of Uber Technologies in a research note on Friday, November 1st. KeyCorp lowered their price objective on Uber Technologies from $90.00 to $85.00 and set an “overweight” rating for the company in a research note on Friday, November 1st. DA Davidson increased their price target on Uber Technologies from $82.00 to $84.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. Finally, Evercore ISI raised their price target on Uber Technologies from $90.00 to $120.00 and gave the company an “outperform” rating in a report on Thursday, October 31st. Six equities research analysts have rated the stock with a hold rating, thirty-two have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $90.51.

Uber Technologies Price Performance

Shares of NYSE UBER opened at $71.62 on Monday. Uber Technologies has a twelve month low of $54.84 and a twelve month high of $87.00. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.70. The company has a market capitalization of $150.81 billion, a price-to-earnings ratio of 35.63, a price-to-earnings-growth ratio of 0.91 and a beta of 1.34. The business has a 50 day simple moving average of $75.38 and a 200-day simple moving average of $71.20.

Uber Technologies (NYSE:UBER) last issued its quarterly earnings data on Thursday, October 31st. The ride-sharing company reported $1.20 EPS for the quarter, topping analysts’ consensus estimates of $0.41 by $0.79. The firm had revenue of $11.19 billion during the quarter, compared to the consensus estimate of $10.99 billion. Uber Technologies had a return on equity of 33.46% and a net margin of 10.49%. The firm’s revenue was up 20.4% on a year-over-year basis. During the same period in the prior year, the business earned $0.10 EPS. As a group, equities research analysts expect that Uber Technologies will post 1.89 earnings per share for the current year.

Insiders Place Their Bets

In other Uber Technologies news, insider Jill Hazelbaker sold 27,780 shares of the firm’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $72.90, for a total transaction of $2,025,162.00. Following the completion of the sale, the insider now directly owns 107,289 shares in the company, valued at approximately $7,821,368.10. This trade represents a 20.57 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 3.84% of the company’s stock.

Institutional Investors Weigh In On Uber Technologies

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Tri Ri Asset Management Corp purchased a new stake in shares of Uber Technologies during the 3rd quarter worth about $8,243,000. Peapack Gladstone Financial Corp increased its position in Uber Technologies by 30.9% in the 3rd quarter. Peapack Gladstone Financial Corp now owns 6,562 shares of the ride-sharing company’s stock worth $494,000 after buying an additional 1,550 shares during the period. Synovus Financial Corp increased its position in Uber Technologies by 26.1% in the 3rd quarter. Synovus Financial Corp now owns 17,499 shares of the ride-sharing company’s stock worth $1,315,000 after buying an additional 3,622 shares during the period. Tidal Investments LLC grew its holdings in shares of Uber Technologies by 64.6% during the 3rd quarter. Tidal Investments LLC now owns 328,110 shares of the ride-sharing company’s stock worth $24,661,000 after purchasing an additional 128,739 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB acquired a new stake in shares of Uber Technologies during the 3rd quarter worth approximately $5,920,000. 80.24% of the stock is owned by hedge funds and other institutional investors.

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.