Brokerages Set Uber Technologies, Inc. (NYSE:UBER) Price Target at $104.09

Shares of Uber Technologies, Inc. (NYSE:UBER) have received a consensus recommendation of “Moderate Buy” from the forty-one analysts that are presently covering the stock, Marketbeat reports. Ten investment analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and two have given a strong buy rating to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $104.0294.

UBER has been the topic of a number of analyst reports. Bank of America raised their target price on shares of Uber Technologies from $97.00 to $115.00 and gave the stock a “buy” rating in a research report on Tuesday, July 8th. JPMorgan Chase & Co. lifted their price target on shares of Uber Technologies from $105.00 to $110.00 and gave the stock an “overweight” rating in a research note on Friday, July 11th. Morgan Stanley reaffirmed an “overweight” rating and set a $115.00 price target (up previously from $95.00) on shares of Uber Technologies in a research note on Monday, July 21st. Wells Fargo & Company dropped their target price on shares of Uber Technologies from $127.00 to $125.00 and set an “overweight” rating for the company in a research report on Friday. Finally, Roth Capital boosted their target price on shares of Uber Technologies from $93.00 to $110.00 and gave the company a “buy” rating in a research note on Monday, July 14th.

Insider Buying and Selling at Uber Technologies

In related news, CEO Dara Khosrowshahi sold 150,000 shares of the stock in a transaction that occurred on Monday, September 22nd. The shares were sold at an average price of $100.48, for a total transaction of $15,072,000.00. Following the completion of the sale, the chief executive officer directly owned 982,544 shares of the company’s stock, valued at $98,726,021.12. This represents a 13.24% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Nikki Krishnamurthy sold 11,571 shares of the stock in a transaction that occurred on Friday, August 15th. The shares were sold at an average price of $91.74, for a total transaction of $1,061,523.54. Following the sale, the senior vice president directly owned 416,222 shares of the company’s stock, valued at approximately $38,184,206.28. This represents a 2.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 601,821 shares of company stock valued at $58,659,491. Corporate insiders own 3.70% of the company’s stock.

Institutional Trading of Uber Technologies

Several large investors have recently modified their holdings of UBER. Vanguard Group Inc. raised its stake in shares of Uber Technologies by 1.6% in the 2nd quarter. Vanguard Group Inc. now owns 189,551,519 shares of the ride-sharing company’s stock valued at $17,685,157,000 after buying an additional 3,025,483 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Uber Technologies by 2.6% in the 2nd quarter. Geode Capital Management LLC now owns 45,859,136 shares of the ride-sharing company’s stock valued at $4,258,756,000 after purchasing an additional 1,168,288 shares during the last quarter. Pershing Square Capital Management L.P. bought a new position in shares of Uber Technologies in the 1st quarter valued at about $2,207,743,000. Norges Bank bought a new position in Uber Technologies during the 2nd quarter worth approximately $2,348,319,000. Finally, Kingstone Capital Partners Texas LLC raised its holdings in Uber Technologies by 334,075.7% during the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 19,973,682 shares of the ride-sharing company’s stock worth $1,863,545,000 after buying an additional 19,967,705 shares during the period. 80.24% of the stock is owned by institutional investors.

Uber Technologies Trading Down 0.1%

Shares of UBER opened at $96.53 on Friday. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.11 and a quick ratio of 1.11. The firm has a 50 day simple moving average of $93.93 and a 200-day simple moving average of $87.23. Uber Technologies has a 1-year low of $59.33 and a 1-year high of $101.99. The stock has a market cap of $201.30 billion, a price-to-earnings ratio of 16.44 and a beta of 1.48.

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

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.