Uber Technologies (NYSE:UBER) Given New $80.00 Price Target at KeyCorp

Uber Technologies (NYSE:UBER - Free Report) had its price target decreased by KeyCorp from $85.00 to $80.00 in a report released on Tuesday,Benzinga reports. KeyCorp currently has an overweight rating on the ride-sharing company's stock.

Other equities analysts have also issued reports about the company. KGI Securities reaffirmed a "neutral" rating and set a $78.00 target price on shares of Uber Technologies in a research report on Tuesday, March 11th. Cantor Fitzgerald reissued an "overweight" rating and set a $80.00 price target on shares of Uber Technologies in a research report on Thursday, February 6th. Citizens Jmp cut Uber Technologies from a "strong-buy" rating to a "hold" rating in a research report on Thursday, January 2nd. Evercore ISI dropped their price target on Uber Technologies from $120.00 to $115.00 and set an "outperform" rating on the stock in a research report on Thursday, February 6th. Finally, Truist Financial upped their price objective on shares of Uber Technologies from $90.00 to $92.00 and gave the company a "buy" rating in a report on Thursday, March 6th. Ten analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, Uber Technologies presently has a consensus rating of "Moderate Buy" and a consensus price target of $89.81.

Uber Technologies Trading Up 3.0 %

Uber Technologies stock traded up $2.22 during mid-day trading on Tuesday, hitting $75.28. 21,882,922 shares of the stock were exchanged, compared to its average volume of 20,371,088. The firm's fifty day simple moving average is $74.09 and its two-hundred day simple moving average is $71.45. The company has a quick ratio of 1.41, a current ratio of 1.07 and a debt-to-equity ratio of 0.37. Uber Technologies has a 12 month low of $54.84 and a 12 month high of $87.00. The stock has a market capitalization of $157.47 billion, a price-to-earnings ratio of 16.51, a PEG ratio of 0.89 and a beta of 1.37.

Uber Technologies (NYSE:UBER - Get Free Report) last announced its quarterly earnings data on Wednesday, February 5th. The ride-sharing company reported $3.21 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.50 by $2.71. Uber Technologies had a return on equity of 62.60% and a net margin of 22.41%. Analysts forecast that Uber Technologies will post 2.54 EPS for the current year.

Insider Buying and Selling at Uber Technologies

In related news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the stock in a transaction that occurred on Thursday, March 20th. The stock was sold at an average price of $75.00, for a total value of $206,250.00. Following the completion of the sale, the chief financial officer now owns 22,162 shares of the company's stock, valued at approximately $1,662,150. This trade represents a 11.04 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Tony West sold 23,404 shares of the 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 completion of the transaction, the insider now owns 114,241 shares of the company's stock, valued at $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. In the last 90 days, insiders have sold 77,154 shares of company stock worth $5,793,869. 3.84% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Uber Technologies

Several institutional investors and hedge funds have recently modified their holdings of UBER. Avion Wealth grew its stake in shares of Uber Technologies by 96.0% during the fourth quarter. Avion Wealth now owns 445 shares of the ride-sharing company's stock worth $26,000 after purchasing an additional 218 shares in the last quarter. Transce3nd LLC acquired a new stake in Uber Technologies during the 4th quarter worth $27,000. Fourth Dimension Wealth LLC purchased a new stake in Uber Technologies during the 4th quarter valued at approximately $27,000. Kozak & Associates Inc. grew its position in Uber Technologies by 155.9% in the 1st quarter. Kozak & Associates Inc. now owns 366 shares of the ride-sharing company's stock valued at $27,000 after buying an additional 223 shares during the last quarter. Finally, Noble Wealth Management PBC acquired a new stake in Uber Technologies in the first quarter valued at about $27,000. Hedge funds and other 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.