Uber Technologies, Inc. (NYSE:UBER) Receives $88.00 Consensus Target Price from Analysts

Shares of Uber Technologies, Inc. (NYSE:UBER) have been assigned a consensus recommendation of “Moderate Buy” from the thirty-eight research firms that are currently covering the company, MarketBeat Ratings reports. Six research analysts have rated the stock with a hold rating, thirty-one have assigned a buy rating and one has given a strong buy rating to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $88.51.

UBER has been the subject of several recent research reports. The Goldman Sachs Group lifted their price target on Uber Technologies from $85.00 to $90.00 and gave the company a “buy” rating in a research report on Wednesday, August 7th. Morgan Stanley boosted their target price on Uber Technologies from $90.00 to $95.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 23rd. Truist Financial boosted their target price on Uber Technologies from $88.00 to $99.00 and gave the stock a “buy” rating in a research report on Monday, October 7th. Cantor Fitzgerald restated an “overweight” rating and set a $90.00 target price on shares of Uber Technologies in a research report on Monday, October 7th. Finally, UBS Group boosted their target price on Uber Technologies from $102.00 to $114.00 and gave the stock a “buy” rating in a research report on Friday.

Uber Technologies Price Performance

Shares of NYSE UBER opened at $79.16 on Friday. The stock has a market cap of $166.31 billion, a PE ratio of 86.99, a price-to-earnings-growth ratio of 1.37 and a beta of 1.33. Uber Technologies has a fifty-two week low of $40.09 and a fifty-two week high of $87.00. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.21 and a current ratio of 1.21. The stock has a fifty day moving average of $74.30 and a 200-day moving average of $70.63.

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

Insider Activity

In other Uber Technologies news, insider Jill Hazelbaker sold 40,000 shares of the stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $72.00, for a total value of $2,880,000.00. Following the completion of the sale, the insider now owns 127,352 shares in the company, valued at approximately $9,169,344. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 3.84% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Uber Technologies

Several institutional investors and hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. lifted its holdings in Uber Technologies by 2.2% in the 1st quarter. Vanguard Group Inc. now owns 171,253,318 shares of the ride-sharing company’s stock worth $13,184,793,000 after buying an additional 3,623,951 shares during the period. Capital Research Global Investors lifted its holdings in Uber Technologies by 8.2% in the 1st quarter. Capital Research Global Investors now owns 39,947,547 shares of the ride-sharing company’s stock worth $3,075,562,000 after buying an additional 3,019,431 shares during the period. Price T Rowe Associates Inc. MD lifted its stake in shares of Uber Technologies by 37.8% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 36,425,981 shares of the ride-sharing company’s stock valued at $2,804,437,000 after purchasing an additional 9,996,508 shares during the period. GQG Partners LLC lifted its stake in shares of Uber Technologies by 74.1% in the 1st quarter. GQG Partners LLC now owns 22,423,451 shares of the ride-sharing company’s stock valued at $1,726,381,000 after purchasing an additional 9,541,366 shares during the period. Finally, Legal & General Group Plc lifted its stake in shares of Uber Technologies by 1.6% in the 2nd quarter. Legal & General Group Plc now owns 15,238,477 shares of the ride-sharing company’s stock valued at $1,107,529,000 after purchasing an additional 237,976 shares during the period. Hedge funds and other institutional investors 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.