Jefferies Financial Group Increases Uber Technologies (NYSE:UBER) Price Target to $105.00

Uber Technologies (NYSE:UBER - Get Free Report) had its target price hoisted by research analysts at Jefferies Financial Group from $100.00 to $105.00 in a research note issued on Tuesday, Benzinga reports. The brokerage currently has a "buy" rating on the ride-sharing company's stock. Jefferies Financial Group's price objective points to a potential upside of 30.60% from the stock's current price.

Other equities analysts have also recently issued research reports about the company. The Goldman Sachs Group boosted their price objective on Uber Technologies from $85.00 to $90.00 and gave the stock a "buy" rating in a research report on Wednesday, August 7th. Melius Research began coverage on Uber Technologies in a research report on Monday, July 22nd. They issued a "hold" rating and a $77.00 price objective for the company. Melius started coverage on Uber Technologies in a research report on Monday, July 22nd. They issued a "hold" rating and a $77.00 price target on the stock. Citigroup upped 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. Finally, Oppenheimer lifted their price objective on Uber Technologies from $90.00 to $95.00 and gave the company an "outperform" rating in a report on Friday, September 27th. Six equities research analysts have rated the stock with a hold rating, thirty-one have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $88.65.

Uber Technologies Trading Down 0.1 %

Shares of Uber Technologies stock traded down $0.06 on Tuesday, reaching $80.40. 10,745,090 shares of the company were exchanged, compared to its average volume of 17,976,180. The stock has a fifty day moving average price of $74.71 and a 200-day moving average price of $70.69. The firm has a market capitalization of $168.00 billion, a price-to-earnings ratio of 129.68, a price-to-earnings-growth ratio of 1.37 and a beta of 1.33. Uber Technologies has a fifty-two week low of $40.09 and a fifty-two week high of $87.00. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.72.

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

Insider Transactions at Uber Technologies

In related news, insider Jill Hazelbaker sold 40,000 shares of the company's stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $72.00, for a total value of $2,880,000.00. Following the transaction, the insider now directly owns 127,352 shares in the company, valued at approximately $9,169,344. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 3.84% of the company's stock.

Institutional Investors Weigh In On Uber Technologies

Large investors have recently added to or reduced their stakes in the stock. GHP Investment Advisors Inc. increased its position in shares of Uber Technologies by 222.7% in the second quarter. GHP Investment Advisors Inc. now owns 355 shares of the ride-sharing company's stock worth $26,000 after purchasing an additional 245 shares during the period. Financial Management Professionals Inc. increased its holdings in Uber Technologies by 111.6% in the 1st quarter. Financial Management Professionals Inc. now owns 383 shares of the ride-sharing company's stock valued at $29,000 after buying an additional 202 shares during the period. WR Wealth Planners LLC raised its position in shares of Uber Technologies by 563.9% in the 2nd quarter. WR Wealth Planners LLC now owns 405 shares of the ride-sharing company's stock valued at $29,000 after buying an additional 344 shares in the last quarter. J.Safra Asset Management Corp bought a new stake in shares of Uber Technologies during the 1st quarter worth approximately $32,000. Finally, MCF Advisors LLC boosted its position in shares of Uber Technologies by 1,038.5% during the 2nd quarter. MCF Advisors LLC now owns 444 shares of the ride-sharing company's stock worth $32,000 after acquiring an additional 405 shares in the last quarter. Institutional investors and hedge funds 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.