Uber Technologies (NYSE:UBER) Price Target Raised to $105.00

Uber Technologies (NYSE:UBER) had its target price hoisted by Susquehanna from $100.00 to $105.00 in a research report released on Thursday morning,Benzinga reports. They currently have a positive rating on the ride-sharing company’s stock.

A number of other equities analysts also recently weighed in on the stock. DA Davidson boosted their price target on shares of Uber Technologies from $80.00 to $98.00 and gave the stock a “buy” rating in a report on Thursday, May 8th. JMP Securities reissued a “market perform” rating on shares of Uber Technologies in a report on Thursday, May 15th. Roth Capital boosted their price target on shares of Uber Technologies from $93.00 to $110.00 and gave the stock a “buy” rating in a report on Monday, July 14th. Canaccord Genuity Group reissued a “hold” rating and issued a $84.00 price target (down from $90.00) on shares of Uber Technologies in a report on Friday, June 27th. Finally, Piper Sandler boosted their price target on shares of Uber Technologies from $95.00 to $103.00 and gave the stock an “overweight” rating in a report on Thursday, July 24th. Eleven investment analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $102.82.

Uber Technologies Price Performance

UBER opened at $89.64 on Thursday. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.11 and a quick ratio of 1.02. The company has a market capitalization of $187.45 billion, a price-to-earnings ratio of 15.27, a P/E/G ratio of 1.03 and a beta of 1.43. The firm’s fifty day moving average price is $89.44 and its two-hundred day moving average price is $81.16. Uber Technologies has a 1 year low of $59.33 and a 1 year high of $97.71.

Uber Technologies (NYSE:UBER) last released its earnings results on Wednesday, August 6th. The ride-sharing company reported $0.63 EPS for the quarter, topping analysts’ consensus estimates of $0.61 by $0.02. The company had revenue of $12.65 billion for the quarter, compared to analysts’ expectations of $12.45 billion. Uber Technologies had a return on equity of 59.96% and a net margin of 26.68%. The business’s revenue for the quarter was up 18.2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.47 EPS. As a group, analysts anticipate that Uber Technologies will post 2.54 earnings per share for the current fiscal year.

Insider Activity at Uber Technologies

In other Uber Technologies news, insider Jill Hazelbaker sold 34,884 shares of the business’s stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $86.03, for a total value of $3,001,070.52. Following the completion of the sale, the insider owned 102,135 shares in the company, valued at approximately $8,786,674.05. The trade was a 25.46% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the business’s 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 completion of the sale, the chief financial officer owned 21,975 shares of the company’s stock, valued at $2,087,625. The trade was a 11.12% decrease in their position. The disclosure for this sale can be found here. 3.84% of the stock is owned by corporate insiders.

Institutional Trading of Uber Technologies

Several hedge funds and other institutional investors have recently bought and sold shares of UBER. Capital Research Global Investors raised its holdings in shares of Uber Technologies by 79.0% during the fourth quarter. Capital Research Global Investors now owns 118,131,681 shares of the ride-sharing company’s stock valued at $7,125,728,000 after acquiring an additional 52,125,476 shares in the last quarter. Pershing Square Capital Management L.P. bought a new position in shares of Uber Technologies during the first quarter valued at approximately $2,207,743,000. Kingstone Capital Partners Texas LLC raised its holdings in shares of Uber Technologies by 334,075.7% during the second quarter. Kingstone Capital Partners Texas LLC now owns 19,973,682 shares of the ride-sharing company’s stock valued at $1,863,545,000 after acquiring an additional 19,967,705 shares in the last quarter. Pacer Advisors Inc. raised its holdings in shares of Uber Technologies by 2,571.2% during the first quarter. Pacer Advisors Inc. now owns 6,498,167 shares of the ride-sharing company’s stock valued at $473,456,000 after acquiring an additional 6,254,898 shares in the last quarter. Finally, Vanguard Group Inc. raised its holdings in shares of Uber Technologies by 3.2% during the first quarter. Vanguard Group Inc. now owns 186,526,036 shares of the ride-sharing company’s stock valued at $13,590,287,000 after acquiring an additional 5,759,353 shares in the last quarter. Institutional investors own 80.24% of the company’s stock.

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.