Uber Technologies, Inc. (NYSE:UBER) Receives $89.97 Average PT from Analysts

Uber Technologies, Inc. (NYSE:UBER - Get Free Report) has received a consensus recommendation of "Moderate Buy" from the thirty-six analysts that are covering the firm, Marketbeat Ratings reports. Ten equities research analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $89.97.

Several equities analysts have weighed in on UBER shares. Piper Sandler reaffirmed an "overweight" rating and set a $87.00 price target (up previously from $80.00) on shares of Uber Technologies in a report on Tuesday, February 18th. Fox Advisors lowered shares of Uber Technologies from an "overweight" rating to an "equal weight" rating in a research report on Tuesday, March 11th. Needham & Company LLC reaffirmed a "buy" rating and issued a $90.00 price objective on shares of Uber Technologies in a research note on Wednesday, April 9th. UBS Group restated a "buy" rating on shares of Uber Technologies in a research note on Friday, February 21st. Finally, KGI Securities reaffirmed a "neutral" rating and set a $78.00 target price on shares of Uber Technologies in a report on Tuesday, March 11th.

Uber Technologies Stock Performance

Shares of NYSE:UBER traded up $0.73 during midday trading on Friday, reaching $73.01. 1,226,344 shares of the company traded hands, compared to its average volume of 20,305,393. The firm's fifty day moving average price is $73.94 and its two-hundred day moving average price is $71.44. 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 firm has a market capitalization of $152.72 billion, a price-to-earnings ratio of 15.94, a price-to-earnings-growth ratio of 0.89 and a beta of 1.37.

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Uber Technologies (NYSE:UBER - Get Free Report) last announced its quarterly earnings data on Wednesday, February 5th. The ride-sharing company reported $3.21 EPS for the quarter, beating the consensus estimate 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 analysts expect that Uber Technologies will post 2.54 earnings per share for the current year.

Insider Activity

In other news, insider Jill Hazelbaker sold 31,000 shares of the stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $81.02, for a total value of $2,511,620.00. Following the completion of the sale, the insider now directly owns 86,973 shares of the company's stock, valued at $7,046,552.46. This represents a 26.28 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, 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 completion of the sale, the chief financial officer now owns 22,162 shares of the company's stock, valued at $1,662,150. The trade was a 11.04 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 77,154 shares of company stock worth $5,793,869 over the last three months. 3.84% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of UBER. Coldstream Capital Management Inc. grew its position in shares of Uber Technologies by 50.3% during the 3rd quarter. Coldstream Capital Management Inc. now owns 24,397 shares of the ride-sharing company's stock worth $1,805,000 after buying an additional 8,168 shares in the last quarter. TD Private Client Wealth LLC lifted its holdings in Uber Technologies by 5.9% during the third quarter. TD Private Client Wealth LLC now owns 64,960 shares of the ride-sharing company's stock worth $4,882,000 after buying an additional 3,615 shares during the period. Rehmann Capital Advisory Group grew its stake in Uber Technologies by 117.4% in the third quarter. Rehmann Capital Advisory Group now owns 9,893 shares of the ride-sharing company's stock valued at $746,000 after purchasing an additional 5,342 shares during the last quarter. Soltis Investment Advisors LLC raised its position in shares of Uber Technologies by 11.7% in the 3rd quarter. Soltis Investment Advisors LLC now owns 3,912 shares of the ride-sharing company's stock valued at $294,000 after purchasing an additional 410 shares during the last quarter. Finally, M&T Bank Corp raised its holdings in shares of Uber Technologies by 4.8% in the third quarter. M&T Bank Corp now owns 175,104 shares of the ride-sharing company's stock worth $13,161,000 after buying an additional 7,968 shares during the last quarter. 80.24% of the stock is currently owned by institutional investors.

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.