Uber Technologies (NYSE:UBER) PT Raised to $94.00 at Truist Financial

Uber Technologies (NYSE:UBER) had its target price hoisted by stock analysts at Truist Financial from $90.00 to $94.00 in a report issued on Wednesday, Benzinga reports. The firm presently has a “buy” rating on the ride-sharing company’s stock. Truist Financial’s target price indicates a potential upside of 22.13% from the company’s previous close.

UBER has been the subject of a number of other research reports. Mizuho upped their target price on Uber Technologies from $77.00 to $83.00 and gave the company a “buy” rating in a report on Thursday, February 8th. The Goldman Sachs Group increased their price objective on Uber Technologies from $59.00 to $78.00 and gave the stock a “buy” rating in a report on Thursday, January 11th. Barclays increased their price objective on Uber Technologies from $63.00 to $86.00 and gave the stock an “overweight” rating in a report on Thursday, February 8th. Bank of America increased their price objective on Uber Technologies from $68.00 to $73.00 and gave the stock a “buy” rating in a report on Tuesday, January 30th. Finally, BMO Capital Markets increased their price objective on Uber Technologies from $82.00 to $92.00 and gave the stock an “outperform” rating in a report on Thursday, February 15th. Two equities research analysts have rated the stock with a hold rating and twenty-eight have issued a buy rating to the company’s stock. According to MarketBeat, Uber Technologies currently has a consensus rating of “Moderate Buy” and a consensus price target of $75.41.

Uber Technologies Stock Down 1.5 %

Shares of UBER opened at $76.97 on Wednesday. The firm has a market cap of $159.83 billion, a P/E ratio of 89.50, a P/E/G ratio of 1.26 and a beta of 1.37. The stock has a 50 day simple moving average of $74.50 and a two-hundred day simple moving average of $60.36. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.19 and a quick ratio of 1.19. Uber Technologies has a 1 year low of $29.22 and a 1 year high of $82.14.

Uber Technologies (NYSE:UBER) last announced its quarterly earnings data on Wednesday, February 7th. The ride-sharing company reported $0.66 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.50. Uber Technologies had a return on equity of 18.95% and a net margin of 5.06%. The firm had revenue of $9.94 billion during the quarter, compared to the consensus estimate of $9.76 billion. During the same quarter in the previous year, the company posted $0.29 earnings per share. The business’s revenue was up 15.4% on a year-over-year basis. On average, analysts forecast that Uber Technologies will post 1.19 earnings per share for the current fiscal year.

Insider Activity at Uber Technologies

In related news, insider Tony West sold 18,750 shares of Uber Technologies stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $70.08, for a total transaction of $1,314,000.00. Following the sale, the insider now owns 185,566 shares of the company’s stock, valued at approximately $13,004,465.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider Jill Hazelbaker sold 20,000 shares of Uber Technologies stock in a transaction that occurred on Wednesday, February 14th. The stock was sold at an average price of $77.83, for a total transaction of $1,556,600.00. Following the sale, the insider now owns 107,290 shares of the company’s stock, valued at approximately $8,350,380.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Tony West sold 18,750 shares of the firm’s stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $70.08, for a total value of $1,314,000.00. Following the transaction, the insider now owns 185,566 shares of the company’s stock, valued at approximately $13,004,465.28. The disclosure for this sale can be found here. 3.84% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Uber Technologies

Several institutional investors have recently added to or reduced their stakes in UBER. Vanguard Group Inc. boosted its stake in shares of Uber Technologies by 34.8% during the 4th quarter. Vanguard Group Inc. now owns 167,629,367 shares of the ride-sharing company’s stock worth $10,320,940,000 after purchasing an additional 43,275,830 shares during the period. Norges Bank purchased a new position in shares of Uber Technologies during the 4th quarter worth about $580,568,000. Altimeter Capital Management LP boosted its stake in shares of Uber Technologies by 167.5% during the 1st quarter. Altimeter Capital Management LP now owns 30,760,000 shares of the ride-sharing company’s stock worth $1,193,422,000 after purchasing an additional 19,260,000 shares during the period. Price T Rowe Associates Inc. MD boosted its stake in shares of Uber Technologies by 147.9% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 26,429,473 shares of the ride-sharing company’s stock worth $1,627,264,000 after purchasing an additional 15,766,355 shares during the period. Finally, Brown Advisory Inc. boosted its position in Uber Technologies by 1,108.6% in the 3rd quarter. Brown Advisory Inc. now owns 15,683,867 shares of the ride-sharing company’s stock valued at $721,301,000 after buying an additional 14,386,205 shares during the period. Hedge funds and other institutional investors 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.