UBS Group Lowers Uber Technologies (NYSE:UBER) Price Target to $107.00

Uber Technologies (NYSE:UBER) had its target price lowered by research analysts at UBS Group from $114.00 to $107.00 in a report issued on Monday,Benzinga reports. The firm presently has a “buy” rating on the ride-sharing company’s stock. UBS Group’s target price suggests a potential upside of 53.49% from the stock’s previous close.

A number of other brokerages have also issued reports on UBER. Needham & Company LLC restated a “buy” rating and set a $90.00 price target on shares of Uber Technologies in a research note on Monday, January 27th. Jefferies Financial Group upped their price objective on shares of Uber Technologies from $100.00 to $105.00 and gave the stock a “buy” rating in a research report on Tuesday, October 22nd. The Goldman Sachs Group restated a “buy” rating and issued a $96.00 target price on shares of Uber Technologies in a research report on Thursday, January 2nd. Gordon Haskett upgraded Uber Technologies from a “hold” rating to a “buy” rating and set a $85.00 price objective on the stock in a report on Thursday, October 31st. Finally, Wolfe Research upped their target price on shares of Uber Technologies from $90.00 to $92.00 and gave the stock an “outperform” rating in a report on Friday, January 3rd. Seven research analysts have rated the stock with a hold rating, thirty-one have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $90.89.

Uber Technologies Price Performance

Shares of UBER stock opened at $69.71 on Monday. The company has a market cap of $146.79 billion, a P/E ratio of 34.68, a PEG ratio of 0.77 and a beta of 1.39. The stock’s 50-day moving average is $65.49 and its 200 day moving average is $70.09. Uber Technologies has a 1-year low of $54.84 and a 1-year high of $87.00. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.41 and a quick ratio of 1.41.

Insider Transactions at Uber Technologies

In related news, insider Jill Hazelbaker sold 27,780 shares of the company’s stock in a transaction 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 completion of the transaction, the insider now directly owns 107,289 shares in the company, valued at approximately $7,821,368.10. This represents a 20.57 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 3.80% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. AMF Tjanstepension AB acquired a new position in shares of Uber Technologies during the third quarter worth about $163,468,000. Czech National Bank lifted its position in shares of Uber Technologies by 7.5% during the third quarter. Czech National Bank now owns 427,983 shares of the ride-sharing company’s stock worth $32,167,000 after purchasing an additional 29,806 shares in the last quarter. GAMMA Investing LLC boosted its stake in shares of Uber Technologies by 12.1% in the third quarter. GAMMA Investing LLC now owns 10,008 shares of the ride-sharing company’s stock valued at $752,000 after purchasing an additional 1,082 shares during the period. Herbst Group LLC increased its stake in Uber Technologies by 46.6% during the 3rd quarter. Herbst Group LLC now owns 22,100 shares of the ride-sharing company’s stock worth $1,661,000 after buying an additional 7,025 shares during the period. Finally, Diversified Trust Co acquired a new position in Uber Technologies in the 3rd quarter worth $1,136,000. 80.24% of the stock is owned by institutional investors and hedge funds.

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.