Brokerages Set Uber Technologies, Inc. (NYSE:UBER) Target Price at $90.91

Uber Technologies, Inc. (NYSE:UBER) has received an average recommendation of “Moderate Buy” from the thirty-six brokerages that are presently covering the company, Marketbeat Ratings reports. Eight investment analysts have rated the stock with a hold recommendation, twenty-seven have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $90.94.

UBER has been the topic of a number of analyst reports. JMP Securities restated a “market perform” rating on shares of Uber Technologies in a report on Thursday, February 6th. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $96.00 target price on shares of Uber Technologies in a research report on Thursday, January 2nd. UBS Group reaffirmed a “buy” rating on shares of Uber Technologies in a research report on Friday. Benchmark reaffirmed a “hold” rating on shares of Uber Technologies in a research report on Friday, January 31st. Finally, Wells Fargo & Company dropped their target price on shares of Uber Technologies from $90.00 to $87.00 and set an “overweight” rating on the stock in a research report on Thursday, February 6th.

Insider Activity at Uber Technologies

In other Uber Technologies news, insider Jill Hazelbaker sold 31,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $81.02, for a total transaction of $2,511,620.00. Following the completion of the sale, the insider now directly owns 86,973 shares in the company, valued at $7,046,552.46. The trade was a 26.28 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 3.84% of the stock is owned by insiders.

Institutional Investors Weigh In On Uber Technologies

Several institutional investors have recently bought and sold shares of the business. Navalign LLC grew its stake in Uber Technologies by 0.5% during the fourth quarter. Navalign LLC now owns 25,468 shares of the ride-sharing company’s stock worth $1,536,000 after buying an additional 126 shares during the period. CENTRAL TRUST Co grew its stake in Uber Technologies by 12.3% during the third quarter. CENTRAL TRUST Co now owns 1,160 shares of the ride-sharing company’s stock worth $87,000 after buying an additional 127 shares during the period. DT Investment Partners LLC grew its stake in Uber Technologies by 21.4% during the third quarter. DT Investment Partners LLC now owns 821 shares of the ride-sharing company’s stock worth $62,000 after buying an additional 145 shares during the period. Welch & Forbes LLC lifted its position in shares of Uber Technologies by 3.9% during the fourth quarter. Welch & Forbes LLC now owns 3,936 shares of the ride-sharing company’s stock worth $237,000 after purchasing an additional 148 shares in the last quarter. Finally, Jmac Enterprises LLC lifted its position in shares of Uber Technologies by 2.1% during the third quarter. Jmac Enterprises LLC now owns 7,340 shares of the ride-sharing company’s stock worth $552,000 after purchasing an additional 150 shares in the last quarter. 80.24% of the stock is currently owned by hedge funds and other institutional investors.

Uber Technologies Stock Performance

NYSE:UBER opened at $76.34 on Thursday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.41 and a current ratio of 1.07. The stock has a market capitalization of $159.46 billion, a P/E ratio of 16.74, a PEG ratio of 0.89 and a beta of 1.39. The company has a 50 day moving average price of $68.05 and a 200 day moving average price of $71.34. Uber Technologies has a fifty-two week low of $54.84 and a fifty-two week high of $87.00.

Uber Technologies (NYSE:UBER) last released its earnings results on Wednesday, February 5th. The ride-sharing company reported $3.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.50 by $2.71. Uber Technologies had a net margin of 22.41% and a return on equity of 62.60%. Equities research analysts forecast that Uber Technologies will post 2.54 EPS for the current year.

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.