Uber Technologies (NYSE:UBER) PT Raised to $82.00

Uber Technologies (NYSE:UBERGet Free Report) had its target price upped by analysts at BMO Capital Markets from $69.00 to $82.00 in a report issued on Thursday, Benzinga reports. The brokerage currently has an “outperform” rating on the ride-sharing company’s stock. BMO Capital Markets’ price target would suggest a potential upside of 15.64% from the company’s previous close.

Several other equities research analysts have also recently issued reports on UBER. The Goldman Sachs Group raised their target price on shares of Uber Technologies from $59.00 to $78.00 and gave the stock a “buy” rating in a research report on Thursday, January 11th. Bank of America lifted their price target on shares of Uber Technologies from $68.00 to $73.00 and gave the company a “buy” rating in a research report on Tuesday, January 30th. Oppenheimer lifted their price target on shares of Uber Technologies from $65.00 to $75.00 and gave the company an “outperform” rating in a research report on Monday, December 4th. Gordon Haskett cut shares of Uber Technologies from a “buy” rating to a “hold” rating and set a $66.00 price target on the stock. in a research report on Wednesday, January 24th. Finally, Mizuho lifted their price target on shares of Uber Technologies from $77.00 to $83.00 and gave the company a “buy” rating in a research report on Thursday. Two equities research analysts have rated the stock with a hold rating and twenty-six have given a buy rating to the company’s stock. According to MarketBeat, Uber Technologies currently has an average rating of “Moderate Buy” and a consensus price target of $68.06.

Check Out Our Latest Analysis on Uber Technologies

Uber Technologies Stock Performance

Shares of NYSE UBER opened at $70.91 on Thursday. The company has a market cap of $145.92 billion, a PE ratio of 82.45 and a beta of 1.33. Uber Technologies has a 12 month low of $29.22 and a 12 month high of $73.05. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.19 and a quick ratio of 1.14. The company has a 50-day simple moving average of $62.98 and a 200-day simple moving average of $52.59.

Uber Technologies (NYSE:UBERGet Free Report) last released its earnings results on Wednesday, February 7th. The ride-sharing company reported $0.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.50. Uber Technologies had a net margin of 5.06% and a return on equity of 18.95%. The business had revenue of $9.94 billion for the quarter, compared to analysts’ expectations of $9.76 billion. During the same period last year, the company earned $0.29 earnings per share. The company’s quarterly revenue was up 15.4% on a year-over-year basis. On average, equities analysts anticipate that Uber Technologies will post 1.05 earnings per share for the current year.

Insiders Place Their Bets

In other Uber Technologies news, CEO Dara Khosrowshahi sold 100,000 shares of the firm’s stock in a transaction dated Tuesday, November 14th. The shares were sold at an average price of $52.84, for a total value of $5,284,000.00. Following the transaction, the chief executive officer now owns 1,016,243 shares of the company’s stock, valued at $53,698,280.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Uber Technologies news, CEO Dara Khosrowshahi sold 100,000 shares of the firm’s stock in a transaction dated Tuesday, November 14th. The shares were sold at an average price of $52.84, for a total value of $5,284,000.00. Following the transaction, the chief executive officer now owns 1,016,243 shares of the company’s stock, valued at $53,698,280.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Jill Hazelbaker sold 18,850 shares of the firm’s stock in a transaction dated Tuesday, November 14th. The stock was sold at an average price of $53.01, for a total transaction of $999,238.50. Following the completion of the transaction, the insider now directly owns 109,009 shares in the company, valued at approximately $5,778,567.09. The disclosure for this sale can be found here. 3.84% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Uber Technologies

Hedge funds have recently made changes to their positions in the business. Norges Bank acquired a new position in shares of Uber Technologies during the fourth quarter valued at approximately $580,568,000. Altimeter Capital Management LP increased its stake in shares of Uber Technologies by 167.5% during the first quarter. Altimeter Capital Management LP now owns 30,760,000 shares of the ride-sharing company’s stock valued at $1,193,422,000 after acquiring an additional 19,260,000 shares during the period. Brown Advisory Inc. increased its stake in shares of Uber Technologies by 1,108.6% during the third quarter. Brown Advisory Inc. now owns 15,683,867 shares of the ride-sharing company’s stock valued at $721,301,000 after acquiring an additional 14,386,205 shares during the period. Davidson Kempner Capital Management LP grew its position in Uber Technologies by 104.0% in the first quarter. Davidson Kempner Capital Management LP now owns 500,000 shares of the ride-sharing company’s stock worth $15,850,000 after buying an additional 13,000,000 shares during the last quarter. Finally, Steadfast Capital Management LP acquired a new position in Uber Technologies in the fourth quarter worth approximately $178,126,000. Institutional investors own 74.07% of the company’s stock.

Uber Technologies Company Profile

(Get Free Report)

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.

Further Reading

Analyst Recommendations for Uber Technologies (NYSE:UBER)

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