Uber Technologies (NYSE:UBER) Price Target Raised to $90.00 at Wells Fargo & Company

Uber Technologies (NYSE:UBER - Get Free Report) had its price target hoisted by research analysts at Wells Fargo & Company from $87.00 to $90.00 in a research report issued on Thursday,Benzinga reports. The brokerage currently has an "overweight" rating on the ride-sharing company's stock. Wells Fargo & Company's price objective points to a potential upside of 39.53% from the stock's previous close.

Several other research analysts also recently commented on the company. UBS Group reiterated a "buy" rating on shares of Uber Technologies in a research note on Friday, February 21st. Wolfe Research increased their price objective on shares of Uber Technologies from $90.00 to $92.00 and gave the company an "outperform" rating in a research report on Friday, January 3rd. JPMorgan Chase & Co. reduced their target price on shares of Uber Technologies from $95.00 to $90.00 and set an "overweight" rating for the company in a report on Thursday, February 6th. Fox Advisors cut shares of Uber Technologies from an "overweight" rating to an "equal weight" rating in a report on Tuesday, March 11th. Finally, Citigroup reduced their price objective on Uber Technologies from $98.00 to $92.00 and set a "buy" rating for the company in a report on Thursday, February 6th. Ten equities research analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $90.41.

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Uber Technologies Trading Down 7.7 %

Shares of Uber Technologies stock traded down $5.35 during trading on Thursday, hitting $64.50. 34,874,753 shares of the company were exchanged, compared to its average volume of 20,174,509. The firm's fifty day moving average price is $73.75 and its 200 day moving average price is $71.75. 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 firm has a market capitalization of $134.92 billion, a P/E ratio of 14.14, a price-to-earnings-growth ratio of 0.89 and a beta of 1.37. Uber Technologies has a 1-year low of $54.84 and a 1-year high of $87.00.

Uber Technologies (NYSE:UBER - Get Free Report) last issued its quarterly earnings results on Wednesday, February 5th. The ride-sharing company reported $3.21 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%. As a group, sell-side analysts expect that Uber Technologies will post 2.54 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider Tony West sold 23,404 shares of the business's stock in a transaction dated 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 sale, the insider now directly owns 114,241 shares in the company, valued at approximately $8,027,715.07. The trade was a 17.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of Uber Technologies stock in a transaction that occurred on Thursday, March 20th. The shares were sold at an average price of $75.00, for a total transaction of $206,250.00. Following the completion of the transaction, the chief financial officer now owns 22,162 shares of the company's stock, valued at $1,662,150. This represents a 11.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 77,154 shares of company stock valued at $5,793,869 over the last 90 days. Company insiders own 3.84% of the company's stock.

Institutional Trading of Uber Technologies

Institutional investors have recently added to or reduced their stakes in the stock. Avion Wealth raised its position in shares of Uber Technologies by 96.0% during the 4th quarter. Avion Wealth now owns 445 shares of the ride-sharing company's stock valued at $26,000 after buying an additional 218 shares in the last quarter. Transce3nd LLC purchased a new stake in shares of Uber Technologies during the fourth quarter valued at approximately $27,000. Fourth Dimension Wealth LLC bought a new stake in Uber Technologies in the 4th quarter worth $27,000. Runnymede Capital Advisors Inc. bought a new position in Uber Technologies during the 4th quarter valued at approximately $28,000. Finally, GHP Investment Advisors Inc. raised its holdings in shares of Uber Technologies by 85.1% during the fourth quarter. GHP Investment Advisors Inc. now owns 485 shares of the ride-sharing company's stock valued at $29,000 after acquiring an additional 223 shares in the last quarter. Hedge funds and other institutional investors 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.