The Goldman Sachs Group Reaffirms “Buy” Rating for Uber Technologies (NYSE:UBER)

The Goldman Sachs Group restated their buy rating on shares of Uber Technologies (NYSE:UBER) in a report published on Thursday morning,Benzinga reports. The firm currently has a $96.00 target price on the ride-sharing company’s stock.

Other equities research analysts have also recently issued reports about the company. Raymond James assumed coverage on Uber Technologies in a report on Tuesday, September 24th. They issued a “strong-buy” rating and a $90.00 target price for the company. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $90.00 price objective on shares of Uber Technologies in a research note on Wednesday, December 18th. Tigress Financial raised their target price on shares of Uber Technologies from $96.00 to $103.00 and gave the company a “buy” rating in a research report on Monday, November 25th. Royal Bank of Canada upped their price target on shares of Uber Technologies from $80.00 to $82.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Finally, Bank of America lifted their price objective on shares of Uber Technologies from $88.00 to $96.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. Six analysts have rated the stock with a hold rating, thirty-one have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $91.47.

Uber Technologies Trading Up 4.7 %

Shares of UBER opened at $63.17 on Thursday. The firm has a market capitalization of $133.02 billion, a price-to-earnings ratio of 31.43, a PEG ratio of 0.75 and a beta of 1.33. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.41 and a quick ratio of 1.41. Uber Technologies has a 1-year low of $54.84 and a 1-year high of $87.00. The company has a 50-day moving average of $68.24 and a 200 day moving average of $70.73.

Uber Technologies (NYSE:UBER) last posted its quarterly earnings results on Thursday, October 31st. The ride-sharing company reported $1.20 earnings per share for the quarter, beating the consensus estimate of $0.41 by $0.79. Uber Technologies had a net margin of 10.49% and a return on equity of 33.46%. The firm had revenue of $11.19 billion during the quarter, compared to the consensus estimate of $10.99 billion. During the same quarter in the previous year, the firm posted $0.10 earnings per share. The company’s revenue was up 20.4% on a year-over-year basis. On average, research analysts expect that Uber Technologies will post 1.89 EPS for the current year.

Insider Activity at Uber Technologies

In other Uber Technologies news, insider Jill Hazelbaker sold 27,780 shares of the company’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $72.90, for a total value of $2,025,162.00. Following the sale, the insider now owns 107,289 shares in the company, valued at approximately $7,821,368.10. This represents a 20.57 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 3.84% of the stock is currently owned by insiders.

Institutional Trading of Uber Technologies

Institutional investors have recently bought and sold shares of the business. Ascent Wealth Partners LLC acquired a new position in Uber Technologies in the 3rd quarter valued at $2,087,000. Teachers Retirement System of The State of Kentucky raised its position in shares of Uber Technologies by 4.4% in the third quarter. Teachers Retirement System of The State of Kentucky now owns 321,726 shares of the ride-sharing company’s stock valued at $24,180,000 after buying an additional 13,433 shares during the last quarter. Aviso Wealth Management purchased a new position in shares of Uber Technologies in the third quarter worth about $2,302,000. Brophy Wealth Management LLC acquired a new position in Uber Technologies during the third quarter worth about $1,041,000. Finally, Sumitomo Mitsui Trust Group Inc. grew its stake in Uber Technologies by 9.8% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 5,752,471 shares of the ride-sharing company’s stock valued at $432,356,000 after acquiring an additional 512,591 shares in the last quarter. 80.24% of the stock is owned by institutional investors and hedge funds.

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.