Truist Financial Raises Uber Technologies (NYSE:UBER) Price Target to $94.00

Uber Technologies (NYSE:UBERFree Report) had its price target lifted by Truist Financial from $90.00 to $94.00 in a report published on Wednesday morning, Benzinga reports. They currently have a buy rating on the ride-sharing company’s stock.

UBER has been the subject of several other research reports. TheStreet raised Uber Technologies from a c rating to a b- rating in a report on Wednesday, February 7th. Argus upped their target price on Uber Technologies from $69.00 to $95.00 and gave the company a buy rating in a research note on Monday, March 4th. Roth Mkm lifted their price target on shares of Uber Technologies from $72.00 to $79.00 and gave the stock a buy rating in a research note on Thursday, February 8th. Nomura cut shares of Uber Technologies from a buy rating to a neutral rating and increased their price objective for the company from $59.00 to $62.00 in a research note on Friday, December 29th. Finally, Royal Bank of Canada reaffirmed an outperform rating and set a $85.00 price objective on shares of Uber Technologies in a report on Thursday, February 15th. Two research analysts have rated the stock with a hold rating and twenty-eight have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of Moderate Buy and an average target price of $75.41.

Check Out Our Latest Stock Report on UBER

Uber Technologies Trading Up 0.3 %

Shares of Uber Technologies stock opened at $78.11 on Wednesday. Uber Technologies has a 1 year low of $29.22 and a 1 year high of $82.14. The company’s fifty day simple moving average is $74.26 and its 200-day simple moving average is $60.24. The company has a market cap of $162.20 billion, a price-to-earnings ratio of 90.83, a PEG ratio of 1.29 and a beta of 1.37. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.79.

Uber Technologies (NYSE:UBERGet Free Report) last posted its quarterly earnings results on Wednesday, February 7th. The ride-sharing company reported $0.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.50. The company had revenue of $9.94 billion for the quarter, compared to analyst estimates of $9.76 billion. Uber Technologies had a net margin of 5.06% and a return on equity of 18.95%. The business’s quarterly revenue was up 15.4% on a year-over-year basis. During the same period last year, the business posted $0.29 EPS. As a group, sell-side analysts expect that Uber Technologies will post 1.19 EPS for the current year.

Insider Transactions at Uber Technologies

In related news, insider Tony West sold 18,750 shares of the firm’s stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $70.08, for a total value of $1,314,000.00. Following the completion of the sale, the insider now owns 185,566 shares of the company’s stock, valued at $13,004,465.28. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Uber Technologies news, insider Jill Hazelbaker sold 20,000 shares of the company’s stock in a transaction dated Wednesday, February 14th. The shares were sold at an average price of $77.83, for a total transaction of $1,556,600.00. Following the transaction, the insider now directly owns 107,290 shares in the company, valued at approximately $8,350,380.70. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Tony West sold 18,750 shares of Uber Technologies stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $70.08, for a total transaction of $1,314,000.00. Following the sale, the insider now owns 185,566 shares of the company’s stock, valued at approximately $13,004,465.28. The disclosure for this sale can be found here. 3.84% of the stock is owned by company insiders.

Hedge Funds Weigh In On Uber Technologies

Large investors have recently bought and sold shares of the business. O Dell Group LLC bought a new stake in shares of Uber Technologies during the 4th quarter valued at $25,000. CVA Family Office LLC bought a new stake in Uber Technologies in the fourth quarter valued at about $30,000. Highlander Capital Management LLC lifted its stake in Uber Technologies by 100.0% in the fourth quarter. Highlander Capital Management LLC now owns 500 shares of the ride-sharing company’s stock valued at $31,000 after buying an additional 250 shares during the period. Bfsg LLC bought a new position in Uber Technologies during the fourth quarter worth about $31,000. Finally, Blue Bell Private Wealth Management LLC grew its position in shares of Uber Technologies by 49.7% during the 4th quarter. Blue Bell Private Wealth Management LLC now owns 524 shares of the ride-sharing company’s stock worth $32,000 after buying an additional 174 shares during the period. 80.24% of the stock is currently owned by institutional investors and hedge funds.

About Uber Technologies

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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.

Further Reading

Analyst Recommendations for Uber Technologies (NYSE:UBER)

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