Uber Technologies (NYSE:UBER) Price Target Raised to $95.00 at Oppenheimer

Uber Technologies (NYSE:UBER) had its price objective increased by Oppenheimer from $90.00 to $95.00 in a research note published on Friday morning, Benzinga reports. Oppenheimer currently has an outperform rating on the ride-sharing company’s stock.

UBER has been the subject of several other reports. Citigroup upped their target price on Uber Technologies from $96.00 to $98.00 and gave the stock a buy rating in a research note on Wednesday, August 7th. Evercore ISI upped their price objective on shares of Uber Technologies from $80.00 to $90.00 and gave the stock an outperform rating in a research report on Wednesday, August 7th. Wells Fargo & Company reissued an overweight rating and set a $97.00 target price on shares of Uber Technologies in a research note on Friday, September 13th. BMO Capital Markets reaffirmed an outperform rating and issued a $92.00 price target on shares of Uber Technologies in a research note on Tuesday, July 30th. Finally, Morgan Stanley boosted their price objective on Uber Technologies from $90.00 to $95.00 and gave the stock an overweight rating in a research note on Tuesday, July 23rd. Four 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’s stock. According to data from MarketBeat.com, the company presently has an average rating of Moderate Buy and an average target price of $87.81.

Uber Technologies Stock Performance

UBER opened at $75.77 on Friday. The firm has a fifty day moving average price of $70.09 and a 200 day moving average price of $70.71. Uber Technologies has a 1 year low of $40.09 and a 1 year high of $82.14. The stock has a market cap of $159.19 billion, a P/E ratio of 122.21, a P/E/G ratio of 1.38 and a beta of 1.33. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.21 and a quick ratio of 1.21.

Uber Technologies (NYSE:UBER) last posted its earnings results on Tuesday, August 6th. The ride-sharing company reported $0.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.31 by $0.16. Uber Technologies had a net margin of 5.02% and a return on equity of 17.06%. The business had revenue of $10.70 billion for the quarter, compared to analyst estimates of $10.57 billion. During the same period in the prior year, the company 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 1.06 earnings per share for the current year.

Insider Transactions at Uber Technologies

In other news, insider Jill Hazelbaker sold 40,000 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $72.00, for a total value of $2,880,000.00. Following the completion of the transaction, the insider now owns 127,352 shares of the company’s stock, valued at $9,169,344. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, insider Jill Hazelbaker sold 40,000 shares of the business’s stock in a transaction on 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 completion of the transaction, the insider now directly owns 127,352 shares of the company’s stock, valued at approximately $9,169,344. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Dara Khosrowshahi sold 500,000 shares of Uber Technologies stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $71.91, for a total value of $35,955,000.00. Following the completion of the transaction, the chief executive officer now owns 1,266,114 shares of the company’s stock, valued at approximately $91,046,257.74. The disclosure for this sale can be found here. Company insiders own 3.84% of the company’s stock.

Hedge Funds Weigh In On Uber Technologies

Institutional investors and hedge funds have recently modified their holdings of the company. Wealthspire Advisors LLC increased its holdings in shares of Uber Technologies by 0.6% in the 2nd quarter. Wealthspire Advisors LLC now owns 24,893 shares of the ride-sharing company’s stock valued at $1,809,000 after acquiring an additional 151 shares during the last quarter. Sivia Capital Partners LLC raised its holdings in Uber Technologies by 3.3% during the first quarter. Sivia Capital Partners LLC now owns 4,882 shares of the ride-sharing company’s stock worth $376,000 after purchasing an additional 157 shares in the last quarter. Wellington Shields Capital Management LLC lifted its position in shares of Uber Technologies by 6.1% during the 1st quarter. Wellington Shields Capital Management LLC now owns 2,756 shares of the ride-sharing company’s stock worth $212,000 after buying an additional 159 shares during the last quarter. Industrial Alliance Investment Management Inc. boosted its holdings in shares of Uber Technologies by 3.2% in the 1st quarter. Industrial Alliance Investment Management Inc. now owns 5,170 shares of the ride-sharing company’s stock valued at $398,000 after buying an additional 160 shares in the last quarter. Finally, Quent Capital LLC grew its position in shares of Uber Technologies by 6.6% in the 1st quarter. Quent Capital LLC now owns 2,732 shares of the ride-sharing company’s stock valued at $210,000 after buying an additional 170 shares during the last quarter. Institutional investors and hedge funds own 80.24% of the company’s stock.

Uber Technologies Company Profile

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.