Uber Technologies (NYSE:UBER) Given a $110.00 Price Target at Tigress Financial

Uber Technologies (NYSE:UBER) has been given a $110.00 target price by Tigress Financial in a research report issued on Friday, MarketBeat Ratings reports. The firm presently has a “buy” rating on the ride-sharing company’s stock. Tigress Financial’s price objective would suggest a potential upside of 25.26% from the stock’s previous close.

Other equities research analysts also recently issued research reports about the stock. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $82.00 target price on shares of Uber Technologies in a research note on Monday, May 5th. Evercore ISI decreased their price target on shares of Uber Technologies from $120.00 to $115.00 and set an “outperform” rating for the company in a report on Thursday, February 6th. Needham & Company LLC restated a “buy” rating and issued a $90.00 price objective on shares of Uber Technologies in a research report on Wednesday, May 7th. Truist Financial lifted their target price on Uber Technologies from $90.00 to $92.00 and gave the stock a “buy” rating in a report on Thursday, March 6th. Finally, Loop Capital restated a “buy” rating and issued a $105.00 price target (up from $89.00) on shares of Uber Technologies in a report on Wednesday, May 21st. Eleven equities research analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $93.91.

Uber Technologies Trading Down 0.2%

NYSE:UBER opened at $87.82 on Friday. The company has a current ratio of 1.07, a quick ratio of 1.41 and a debt-to-equity ratio of 0.37. Uber Technologies has a 1-year low of $54.84 and a 1-year high of $93.60. The firm has a market capitalization of $183.64 billion, a price-to-earnings ratio of 19.26, a PEG ratio of 0.89 and a beta of 1.43. The business’s 50-day moving average price is $78.17 and its two-hundred day moving average price is $72.50.

Uber Technologies (NYSE:UBER) last posted its earnings results on Wednesday, May 7th. The ride-sharing company reported $0.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.50 by $0.33. The company had revenue of $11.53 billion during the quarter, compared to analyst estimates of $11.61 billion. Uber Technologies had a return on equity of 62.60% and a net margin of 22.41%. The company’s revenue for the quarter was up 13.8% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.32) EPS. On average, equities analysts expect that Uber Technologies will post 2.54 earnings per share for the current year.

Insider Activity

In other news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the stock in a transaction dated Thursday, March 20th. The shares were sold at an average price of $75.00, for a total value of $206,250.00. Following the transaction, the chief financial officer now directly 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Tony West sold 23,404 shares of Uber Technologies stock in a transaction dated Thursday, March 13th. The stock was sold at an average price of $70.27, for a total transaction of $1,644,599.08. Following the sale, the insider now directly owns 114,241 shares of the company’s stock, valued at $8,027,715.07. The trade was a 17.00% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 83,788 shares of company stock valued at $6,517,070. 3.84% of the stock is owned by company insiders.

Institutional Investors Weigh In On Uber Technologies

A number of institutional investors have recently made changes to their positions in UBER. Capital Research Global Investors increased its position in Uber Technologies by 79.0% during the 4th quarter. Capital Research Global Investors now owns 118,131,681 shares of the ride-sharing company’s stock worth $7,125,728,000 after buying an additional 52,125,476 shares during the period. Pershing Square Capital Management L.P. bought a new position in Uber Technologies during the first quarter worth about $2,207,743,000. Norges Bank acquired a new stake in Uber Technologies in the 4th quarter worth about $1,467,754,000. Jennison Associates LLC boosted its holdings in Uber Technologies by 36.9% in the 4th quarter. Jennison Associates LLC now owns 26,460,312 shares of the ride-sharing company’s stock valued at $1,596,086,000 after purchasing an additional 7,137,512 shares during the period. Finally, Boston Partners bought a new stake in Uber Technologies in the 4th quarter valued at about $381,057,000. 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.