Uber Technologies (NYSE:UBER) Given New $95.00 Price Target at Truist Financial

Uber Technologies (NYSE:UBER) had its target price cut by Truist Financial from $99.00 to $95.00 in a report published on Friday morning, Benzinga reports. They currently have a buy rating on the ride-sharing company’s stock.

A number of other brokerages also recently commented on UBER. Jefferies Financial Group upped their target price on Uber Technologies from $100.00 to $105.00 and gave the stock a “buy” rating in a research note on Tuesday, October 22nd. Wolfe Research started coverage on Uber Technologies in a research report on Tuesday, July 16th. They set an “outperform” rating and a $90.00 price target on the stock. Loop Capital increased their target price on Uber Technologies from $83.00 to $84.00 and gave the company a “buy” rating in a report on Tuesday, September 3rd. Citigroup increased their price target on Uber Technologies from $96.00 to $98.00 and gave the company a “buy” rating in a report on Wednesday, August 7th. Finally, Melius started coverage on Uber Technologies in a research note on Monday, July 22nd. They set a “hold” rating and a $77.00 target price for the company. Six investment analysts have rated the stock with a hold rating, thirty-two have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Uber Technologies presently has an average rating of “Moderate Buy” and a consensus target price of $90.22.

Uber Technologies Stock Performance

UBER opened at $73.25 on Friday. The stock has a fifty day moving average price of $75.37 and a 200-day moving average price of $70.86. Uber Technologies has a 12 month low of $46.68 and a 12 month high of $87.00. The firm has a market cap of $153.89 billion, a price-to-earnings ratio of 36.44, a PEG ratio of 1.24 and a beta of 1.34. The company has a current ratio of 1.41, a quick ratio of 1.21 and a debt-to-equity ratio of 0.70.

Uber Technologies (NYSE:UBER) last announced its earnings results on Thursday, October 31st. The ride-sharing company reported $1.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.41 by $0.79. The company had revenue of $11.19 billion for the quarter, compared to analyst estimates of $10.99 billion. Uber Technologies had a return on equity of 33.46% and a net margin of 10.49%. The firm’s quarterly revenue was up 20.4% compared to the same quarter last year. During the same period in the prior year, the company posted $0.10 EPS. As a group, equities research analysts anticipate that Uber Technologies will post 1.1 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Uber Technologies news, insider Jill Hazelbaker sold 40,000 shares of the company’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $72.00, for a total value of $2,880,000.00. Following the transaction, the insider now owns 127,352 shares of the company’s stock, valued at approximately $9,169,344. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 3.84% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Uber Technologies

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD grew its holdings in shares of Uber Technologies by 37.8% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 36,425,981 shares of the ride-sharing company’s stock valued at $2,804,437,000 after acquiring an additional 9,996,508 shares in the last quarter. GQG Partners LLC grew its holdings in shares of Uber Technologies by 74.1% during the 1st quarter. GQG Partners LLC now owns 22,423,451 shares of the ride-sharing company’s stock valued at $1,726,381,000 after acquiring an additional 9,541,366 shares in the last quarter. Allen Investment Management LLC grew its holdings in shares of Uber Technologies by 2,956.5% during the 1st quarter. Allen Investment Management LLC now owns 5,338,291 shares of the ride-sharing company’s stock valued at $410,995,000 after acquiring an additional 5,163,635 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of Uber Technologies by 2.2% during the 1st quarter. Vanguard Group Inc. now owns 171,253,318 shares of the ride-sharing company’s stock valued at $13,184,793,000 after acquiring an additional 3,623,951 shares in the last quarter. Finally, Ameriprise Financial Inc. grew its holdings in shares of Uber Technologies by 36.5% during the 2nd quarter. Ameriprise Financial Inc. now owns 11,893,429 shares of the ride-sharing company’s stock valued at $864,390,000 after acquiring an additional 3,179,308 shares in the last quarter. 80.24% of the stock is currently owned by hedge funds and other 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.