Uber Technologies (NYSE:UBER) Price Target Raised to $114.00 at UBS Group

Uber Technologies (NYSE:UBER - Get Free Report) had its target price raised by stock analysts at UBS Group from $102.00 to $114.00 in a research report issued on Friday, Benzinga reports. The firm presently has a "buy" rating on the ride-sharing company's stock. UBS Group's price target would suggest a potential upside of 44.01% from the stock's current price.

Several other research firms have also weighed in on UBER. Citigroup boosted their target price on shares of Uber Technologies from $96.00 to $98.00 and gave the company a "buy" rating in a research note on Wednesday, August 7th. Loop Capital upped their price target on shares of Uber Technologies from $83.00 to $84.00 and gave the stock a "buy" rating in a research report on Tuesday, September 3rd. Raymond James began coverage on shares of Uber Technologies in a research report on Tuesday, September 24th. They set a "strong-buy" rating and a $90.00 price target for the company. Royal Bank of Canada restated an "outperform" rating and set a $80.00 price target on shares of Uber Technologies in a research report on Wednesday, August 7th. Finally, Morgan Stanley upped their price target on shares of Uber Technologies from $90.00 to $95.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 23rd. Six investment analysts have rated the stock with a hold rating, thirty-one have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $88.51.

Uber Technologies Stock Down 0.9 %

Shares of NYSE:UBER traded down $0.74 during midday trading on Friday, reaching $79.16. The company had a trading volume of 14,178,764 shares, compared to its average volume of 18,045,445. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.21 and a quick ratio of 1.21. The stock's fifty day moving average price is $74.09 and its 200-day moving average price is $70.70. The stock has a market capitalization of $165.41 billion, a P/E ratio of 127.68, a PEG ratio of 1.47 and a beta of 1.33. Uber Technologies has a one year low of $40.09 and a one year high of $87.00.

Uber Technologies (NYSE:UBER - Get Free Report) last issued its quarterly earnings results on Tuesday, August 6th. The ride-sharing company reported $0.47 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.31 by $0.16. The business had revenue of $10.70 billion during the quarter, compared to analyst estimates of $10.57 billion. Uber Technologies had a net margin of 5.02% and a return on equity of 17.06%. The business's revenue was up 15.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.18 earnings per share. Equities research analysts expect that Uber Technologies will post 1.08 earnings per share for the current fiscal year.

Insider Activity

In related news, insider Jill Hazelbaker sold 40,000 shares of the firm's stock in a transaction on Monday, September 16th. The stock was sold at an average price of $72.00, for a total value of $2,880,000.00. Following the completion of the transaction, the insider now directly owns 127,352 shares of the company's stock, valued at $9,169,344. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 3.84% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. Chicago Capital LLC raised its stake in Uber Technologies by 3.6% during the third quarter. Chicago Capital LLC now owns 863,342 shares of the ride-sharing company's stock worth $64,889,000 after acquiring an additional 29,723 shares in the last quarter. Commonwealth Equity Services LLC raised its stake in Uber Technologies by 1.5% during the third quarter. Commonwealth Equity Services LLC now owns 577,915 shares of the ride-sharing company's stock worth $43,436,000 after acquiring an additional 8,704 shares in the last quarter. First Citizens Bank & Trust Co. raised its stake in Uber Technologies by 16.6% during the third quarter. First Citizens Bank & Trust Co. now owns 10,077 shares of the ride-sharing company's stock worth $757,000 after acquiring an additional 1,438 shares in the last quarter. Blue Trust Inc. increased its stake in shares of Uber Technologies by 36.0% in the third quarter. Blue Trust Inc. now owns 19,715 shares of the ride-sharing company's stock valued at $1,433,000 after buying an additional 5,222 shares in the last quarter. Finally, Moss Adams Wealth Advisors LLC increased its stake in shares of Uber Technologies by 9.6% in the third quarter. Moss Adams Wealth Advisors LLC now owns 13,259 shares of the ride-sharing company's stock valued at $997,000 after buying an additional 1,165 shares in the last quarter. 80.24% of the stock is currently owned by institutional investors and hedge funds.

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.