UBS Group Cuts Uber Technologies (NYSE:UBER) Price Target to $107.00

Uber Technologies (NYSE:UBER) had its price objective reduced by UBS Group from $114.00 to $107.00 in a research note published on Monday morning,Benzinga reports. They currently have a buy rating on the ride-sharing company’s stock.

Several other equities research analysts have also commented on UBER. Gordon Haskett upgraded shares of Uber Technologies from a “hold” rating to a “buy” rating and set a $85.00 price target on the stock in a research note on Thursday, October 31st. Wolfe Research lifted their price objective on shares of Uber Technologies from $90.00 to $92.00 and gave the company an “outperform” rating in a research note on Friday, January 3rd. Jefferies Financial Group lifted their price objective on shares of Uber Technologies from $100.00 to $105.00 and gave the company a “buy” rating in a research note on Tuesday, October 22nd. KeyCorp dropped their price objective on shares of Uber Technologies from $90.00 to $85.00 and set an “overweight” rating on the stock in a research note on Friday, November 1st. Finally, Cantor Fitzgerald lifted their price objective on shares of Uber Technologies from $75.00 to $80.00 and gave the company an “overweight” rating in a research note on Tuesday, January 28th. Seven equities research analysts have rated the stock with a hold rating, thirty-one have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $90.89.

Uber Technologies Price Performance

Shares of NYSE:UBER opened at $64.50 on Monday. The company’s fifty day moving average price is $65.46 and its 200 day moving average price is $70.11. Uber Technologies has a 12 month low of $54.84 and a 12 month high of $87.00. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.41 and a quick ratio of 1.41. The firm has a market capitalization of $135.82 billion, a P/E ratio of 32.09, a P/E/G ratio of 0.77 and a beta of 1.39.

Uber Technologies (NYSE:UBER) last announced its quarterly earnings results on Wednesday, February 5th. The ride-sharing company reported $3.21 EPS for the quarter, topping the consensus estimate of $0.50 by $2.71. Uber Technologies had a net margin of 10.49% and a return on equity of 33.46%. As a group, sell-side analysts predict that Uber Technologies will post 1.89 earnings per share for the current fiscal year.

Insider Activity

In related news, insider Jill Hazelbaker sold 27,780 shares of the company’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $72.90, for a total transaction of $2,025,162.00. Following the completion of the transaction, the insider now owns 107,289 shares of the company’s stock, valued at approximately $7,821,368.10. This represents a 20.57 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 3.80% of the company’s stock.

Hedge Funds Weigh In On Uber Technologies

Several institutional investors and hedge funds have recently bought and sold shares of UBER. Avion Wealth increased its position in shares of Uber Technologies by 96.0% in the fourth quarter. Avion Wealth now owns 445 shares of the ride-sharing company’s stock worth $26,000 after acquiring an additional 218 shares in the last quarter. GHP Investment Advisors Inc. increased its position in shares of Uber Technologies by 85.1% in the fourth quarter. GHP Investment Advisors Inc. now owns 485 shares of the ride-sharing company’s stock worth $29,000 after acquiring an additional 223 shares in the last quarter. Kieckhefer Group LLC acquired a new stake in shares of Uber Technologies in the fourth quarter worth $33,000. Retirement Wealth Solutions LLC acquired a new stake in shares of Uber Technologies in the fourth quarter worth $35,000. Finally, Financial Management Professionals Inc. increased its position in shares of Uber Technologies by 104.1% in the third quarter. Financial Management Professionals Inc. now owns 494 shares of the ride-sharing company’s stock worth $37,000 after acquiring an additional 252 shares in the last quarter. Institutional investors and hedge funds 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.