Uber Technologies (NYSE:UBER) Price Target Raised to $110.00 at KeyCorp

Uber Technologies (NYSE:UBER) had its price target increased by KeyCorp from $90.00 to $110.00 in a research note published on Monday morning,Benzinga reports. The firm currently has an overweight rating on the ride-sharing company’s stock.

UBER has been the topic of a number of other reports. The Goldman Sachs Group increased their price target on shares of Uber Technologies from $96.00 to $110.00 and gave the company a “buy” rating in a research report on Thursday, May 8th. Barclays increased their price target on shares of Uber Technologies from $86.00 to $97.00 and gave the company an “overweight” rating in a research report on Thursday, May 8th. Canaccord Genuity Group reiterated a “hold” rating and issued a $84.00 price target (down from $90.00) on shares of Uber Technologies in a research report on Friday, June 27th. Tigress Financial set a $110.00 price target on shares of Uber Technologies and gave the company a “buy” rating in a research report on Friday, May 23rd. Finally, JMP Securities reiterated a “market perform” rating on shares of Uber Technologies in a research report on Thursday, May 15th. Thirteen research analysts have rated the stock with a hold rating and twenty-seven have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $97.63.

Uber Technologies Trading Down 1.6%

Shares of UBER stock opened at $93.88 on Monday. Uber Technologies has a 52-week low of $54.84 and a 52-week high of $97.72. The stock has a market cap of $196.32 billion, a price-to-earnings ratio of 16.44, a P/E/G ratio of 1.21 and a beta of 1.40. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.02 and a current ratio of 1.02. The firm has a fifty day moving average of $88.64 and a 200-day moving average of $77.98.

Uber Technologies (NYSE:UBER) last posted its earnings results on Wednesday, May 7th. The ride-sharing company reported $0.83 earnings per share for the quarter, topping the consensus estimate of $0.50 by $0.33. Uber Technologies had a net margin of 27.07% and a return on equity of 66.46%. The business had revenue of $11.53 billion for the quarter, compared to analyst estimates of $11.61 billion. During the same quarter in the prior year, the firm earned ($0.32) EPS. The firm’s quarterly revenue was up 13.8% compared to the same quarter last year. On average, equities research analysts forecast that Uber Technologies will post 2.54 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, insider Jill Hazelbaker sold 34,884 shares of the stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $86.03, for a total transaction of $3,001,070.52. Following the transaction, the insider owned 102,135 shares in the company, valued at $8,786,674.05. This trade represents a 25.46% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the stock in a transaction that occurred on Monday, July 7th. The shares were sold at an average price of $95.00, for a total value of $261,250.00. Following the transaction, the chief financial officer owned 21,975 shares in the company, valued at $2,087,625. This trade represents a 11.12% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 40,384 shares of company stock worth $3,496,071. 3.70% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in UBER. Noble Wealth Management PBC acquired a new stake in shares of Uber Technologies during the 1st quarter worth about $27,000. Kozak & Associates Inc. increased its position in shares of Uber Technologies by 155.9% during the 1st quarter. Kozak & Associates Inc. now owns 366 shares of the ride-sharing company’s stock worth $27,000 after purchasing an additional 223 shares during the last quarter. Vision Financial Markets LLC acquired a new stake in shares of Uber Technologies during the 1st quarter worth about $27,000. GPS Wealth Strategies Group LLC increased its position in shares of Uber Technologies by 305.1% during the 1st quarter. GPS Wealth Strategies Group LLC now owns 397 shares of the ride-sharing company’s stock worth $29,000 after purchasing an additional 299 shares during the last quarter. Finally, Perkins Coie Trust Co increased its position in shares of Uber Technologies by 306.0% during the 1st quarter. Perkins Coie Trust Co now owns 406 shares of the ride-sharing company’s stock worth $30,000 after purchasing an additional 306 shares during 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.