Uber Technologies (NYSE:UBER) Price Target Cut to $88.00 by Analysts at TD Cowen

Uber Technologies (NYSE:UBER - Free Report) had its price target cut by TD Cowen from $90.00 to $88.00 in a research report released on Tuesday,Benzinga reports. They currently have a buy rating on the ride-sharing company's stock.

Other research analysts have also issued research reports about the company. Cantor Fitzgerald reissued an "overweight" rating and issued a $80.00 target price on shares of Uber Technologies in a report on Thursday, February 6th. Citigroup lowered their price objective on Uber Technologies from $98.00 to $92.00 and set a "buy" rating on the stock in a report on Thursday, February 6th. Evercore ISI dropped their target price 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. Fox Advisors cut Uber Technologies from an "overweight" rating to an "equal weight" rating in a report on Tuesday, March 11th. Finally, Citizens Jmp lowered Uber Technologies from a "strong-buy" rating to a "hold" rating in a report on Thursday, January 2nd. Ten research analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $89.97.

Uber Technologies Stock Performance

Shares of UBER traded up $1.32 during mid-day trading on Tuesday, reaching $72.26. 16,265,909 shares of the company's stock were exchanged, compared to its average volume of 20,344,867. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.07 and a quick ratio of 1.41. The stock has a market capitalization of $151.15 billion, a PE ratio of 15.85, a price-to-earnings-growth ratio of 0.89 and a beta of 1.37. Uber Technologies has a 52-week low of $54.84 and a 52-week high of $87.00. The business's fifty day simple moving average is $73.94 and its 200-day simple moving average is $71.47.

Uber Technologies (NYSE:UBER - Get Free Report) last released its quarterly earnings results on Wednesday, February 5th. The ride-sharing company reported $3.21 earnings per share (EPS) for the quarter, topping 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%. On average, equities research analysts expect that Uber Technologies will post 2.54 earnings per share for the current year.

Insider Transactions at Uber Technologies

In related news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the stock in a transaction 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 transaction, the chief financial officer now directly owns 22,162 shares of the company's stock, valued at approximately $1,662,150. This trade represents a 11.04 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Nikki Krishnamurthy sold 20,000 shares of the business's stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $71.57, for a total value of $1,431,400.00. Following the sale, the senior vice president now directly owns 361,908 shares of the company's stock, valued at approximately $25,901,755.56. This trade represents a 5.24 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 77,154 shares of company stock worth $5,793,869 in the last three months. Company insiders own 3.84% of the company's stock.

Institutional Investors Weigh In On Uber Technologies

A number of large investors have recently modified their holdings of the stock. Perkins Coie Trust Co raised its stake in shares of Uber Technologies by 306.0% during the first quarter. Perkins Coie Trust Co now owns 406 shares of the ride-sharing company's stock valued at $30,000 after purchasing an additional 306 shares during the period. Fourth Dimension Wealth LLC acquired a new stake in Uber Technologies during the 4th quarter valued at $27,000. Avion Wealth increased its stake in Uber Technologies by 96.0% during the 4th quarter. Avion Wealth now owns 445 shares of the ride-sharing company's stock worth $26,000 after buying an additional 218 shares during the period. Transce3nd LLC acquired a new position in Uber Technologies in the 4th quarter worth $27,000. Finally, Runnymede Capital Advisors Inc. purchased a new position in Uber Technologies in the 4th quarter valued at about $28,000. Institutional investors and hedge funds own 80.24% of the company's stock.

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.