UBS Group Lowers Uber Technologies (NYSE:UBER) Price Target to $107.00

Uber Technologies (NYSE:UBER - Free Report) had its price objective lowered by UBS Group from $114.00 to $107.00 in a research report report published on Monday,Benzinga reports. The firm currently has a buy rating on the ride-sharing company's stock.

Several other research firms have also issued reports on UBER. KeyCorp dropped their price target on shares of Uber Technologies from $90.00 to $85.00 and set an "overweight" rating on the stock in a research report on Friday, November 1st. DA Davidson raised their price target on Uber Technologies from $82.00 to $84.00 and gave the company a "buy" rating in a report on Wednesday, November 6th. Piper Sandler decreased their target price on Uber Technologies from $98.00 to $82.00 and set an "overweight" rating on the stock in a research report on Tuesday, January 28th. Bank of America increased their price target on Uber Technologies from $88.00 to $96.00 and gave the stock a "buy" rating in a research report on Wednesday, October 23rd. Finally, Benchmark restated a "hold" rating on shares of Uber Technologies in a research report on Friday, January 31st. Seven research analysts have rated the stock with a hold rating, thirty-one have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Uber Technologies presently has a consensus rating of "Moderate Buy" and a consensus price target of $90.19.

Uber Technologies Stock Up 8.6 %

NYSE:UBER traded up $5.56 on Monday, hitting $70.04. 45,656,575 shares of the company's stock were exchanged, compared to its average volume of 28,383,117. The firm has a 50-day moving average price of $65.31 and a 200-day moving average price of $70.07. Uber Technologies has a 52 week low of $54.84 and a 52 week high of $87.00. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.41 and a quick ratio of 1.41. The company has a market cap of $147.47 billion, a P/E ratio of 34.84, a price-to-earnings-growth ratio of 0.77 and a beta of 1.39.

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 the consensus estimate of $0.50 by $2.71. Uber Technologies had a return on equity of 33.46% and a net margin of 10.49%. As a group, analysts expect that Uber Technologies will post 1.89 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, insider Jill Hazelbaker sold 27,780 shares of the firm's stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $72.90, for a total transaction of $2,025,162.00. Following the completion of the sale, the insider now owns 107,289 shares in the company, valued at approximately $7,821,368.10. This trade represents a 20.57 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 3.80% of the company's stock.

Hedge Funds Weigh In On Uber Technologies

Several institutional investors and hedge funds have recently bought and sold shares of UBER. AMF Tjanstepension AB purchased a new position in Uber Technologies in the 3rd quarter valued at approximately $163,468,000. Czech National Bank boosted its position in shares of Uber Technologies by 7.5% in the third quarter. Czech National Bank now owns 427,983 shares of the ride-sharing company's stock valued at $32,167,000 after acquiring an additional 29,806 shares during the period. GAMMA Investing LLC grew its stake in Uber Technologies by 12.1% during the third quarter. GAMMA Investing LLC now owns 10,008 shares of the ride-sharing company's stock valued at $752,000 after acquiring an additional 1,082 shares in the last quarter. Herbst Group LLC increased its holdings in Uber Technologies by 46.6% during the 3rd quarter. Herbst Group LLC now owns 22,100 shares of the ride-sharing company's stock worth $1,661,000 after acquiring an additional 7,025 shares during the period. Finally, Diversified Trust Co bought a new position in Uber Technologies in the 3rd quarter valued at $1,136,000. 80.24% of the stock is owned by institutional investors.

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.