UBS Group Increases Uber Technologies (NYSE:UBER) Price Target to $114.00

Uber Technologies (NYSE:UBER) had its price target boosted by UBS Group from $102.00 to $114.00 in a research report released on Friday morning, Benzinga reports. The brokerage currently has a buy rating on the ride-sharing company’s stock.

Several other equities analysts have also recently commented on the stock. Morgan Stanley raised their target price on shares of Uber Technologies from $90.00 to $95.00 and gave the company an “overweight” rating in a research note on Tuesday, July 23rd. Wolfe Research assumed coverage on shares of Uber Technologies in a report on Tuesday, July 16th. They set an “outperform” rating and a $90.00 price target for the company. Bank of America restated a “buy” rating and set a $88.00 price target on shares of Uber Technologies in a report on Friday, October 11th. Roth Mkm boosted their target price on shares of Uber Technologies from $89.00 to $90.00 and gave the stock a “buy” rating in a research report on Wednesday, August 7th. Finally, DA Davidson restated a “buy” rating and issued a $82.00 price objective on shares of Uber Technologies in a research note on Thursday, October 17th. Six research analysts have rated the stock with a hold rating, thirty-one have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $88.51.

Uber Technologies Price Performance

Shares of UBER stock opened at $80.46 on Friday. Uber Technologies has a twelve month low of $40.09 and a twelve month high of $87.00. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.72. The company has a market capitalization of $169.04 billion, a PE ratio of 88.42, a price-to-earnings-growth ratio of 1.37 and a beta of 1.33. The firm has a fifty day simple moving average of $74.53 and a 200-day simple moving average of $70.67.

Uber Technologies (NYSE:UBER) last posted its quarterly earnings results on Tuesday, August 6th. The ride-sharing company reported $0.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.31 by $0.16. Uber Technologies had a net margin of 5.02% and a return on equity of 17.06%. The company had revenue of $10.70 billion for the quarter, compared to the consensus estimate of $10.57 billion. During the same period last year, the firm posted $0.18 EPS. The company’s revenue for the quarter was up 15.9% on a year-over-year basis. Equities research analysts anticipate that Uber Technologies will post 1.08 earnings per share for the current fiscal year.

Insider Transactions at Uber Technologies

In related news, insider Jill Hazelbaker sold 40,000 shares of the stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $72.00, for a total transaction of $2,880,000.00. Following the sale, the insider now owns 127,352 shares of the company’s stock, valued at approximately $9,169,344. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 3.84% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Uber Technologies

A number of large investors have recently modified their holdings of the company. Graybill Wealth Management LTD. boosted its position in shares of Uber Technologies by 0.9% during the third quarter. Graybill Wealth Management LTD. now owns 66,657 shares of the ride-sharing company’s stock valued at $5,010,000 after purchasing an additional 627 shares in the last quarter. DeDora Capital Inc. raised its stake in shares of Uber Technologies by 3.9% in the third quarter. DeDora Capital Inc. now owns 14,860 shares of the ride-sharing company’s stock worth $1,117,000 after purchasing an additional 562 shares during the last quarter. Foundations Investment Advisors LLC grew its holdings in shares of Uber Technologies by 34.0% in the third quarter. Foundations Investment Advisors LLC now owns 8,392 shares of the ride-sharing company’s stock worth $631,000 after acquiring an additional 2,130 shares during the period. Raleigh Capital Management Inc. grew its holdings in shares of Uber Technologies by 95.8% in the third quarter. Raleigh Capital Management Inc. now owns 3,133 shares of the ride-sharing company’s stock worth $235,000 after acquiring an additional 1,533 shares during the period. Finally, Venture Visionary Partners LLC grew its holdings in shares of Uber Technologies by 18.7% in the third quarter. Venture Visionary Partners LLC now owns 68,974 shares of the ride-sharing company’s stock worth $5,184,000 after acquiring an additional 10,850 shares during the period. 80.24% of the stock is owned by hedge funds and other institutional investors.

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.