Uber Technologies (NYSE:UBER) Price Target Raised to $96.00 at Tigress Financial

Uber Technologies (NYSE:UBER) had its price objective boosted by stock analysts at Tigress Financial from $72.00 to $96.00 in a research report issued to clients and investors on Friday, Benzinga reports. The firm presently has a “buy” rating on the ride-sharing company’s stock. Tigress Financial’s target price would indicate a potential upside of 39.15% from the company’s previous close.

Other analysts have also issued research reports about the company. Argus lifted their target price on Uber Technologies from $69.00 to $95.00 and gave the stock a “buy” rating in a report on Monday, March 4th. Truist Financial lifted their target price on Uber Technologies from $90.00 to $94.00 and gave the stock a “buy” rating in a report on Wednesday, March 27th. Mizuho lifted their target price on Uber Technologies from $77.00 to $83.00 and gave the stock a “buy” rating in a report on Thursday, February 8th. Wells Fargo & Company lifted their target price on Uber Technologies from $90.00 to $95.00 and gave the stock an “overweight” rating in a report on Monday, April 8th. Finally, BTIG Research lifted their target price on Uber Technologies from $80.00 to $90.00 and gave the stock a “buy” rating in a report on Thursday, February 22nd. Two analysts have rated the stock with a hold rating and twenty-nine have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $78.94.

Uber Technologies Stock Down 3.2 %

UBER stock traded down $2.31 on Friday, reaching $68.99. 8,143,374 shares of the company traded hands, compared to its average volume of 19,383,508. Uber Technologies has a one year low of $29.22 and a one year high of $82.14. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.19 and a quick ratio of 1.19. The company has a market cap of $143.60 billion, a P/E ratio of 80.59, a price-to-earnings-growth ratio of 1.14 and a beta of 1.36. The firm has a fifty day simple moving average of $76.92 and a 200-day simple moving average of $63.34.

Uber Technologies (NYSE:UBER) last posted its quarterly earnings data on Wednesday, February 7th. The ride-sharing company reported $0.66 earnings per share for the quarter, beating analysts’ consensus estimates of $0.16 by $0.50. Uber Technologies had a return on equity of 18.95% and a net margin of 5.06%. The company had revenue of $9.94 billion during the quarter, compared to analyst estimates of $9.76 billion. During the same quarter last year, the company earned $0.29 EPS. The firm’s revenue for the quarter was up 15.4% on a year-over-year basis. Research analysts anticipate that Uber Technologies will post 1.22 earnings per share for the current year.

Insider Activity

In other news, insider Jill Hazelbaker sold 20,000 shares of the business’s stock in a transaction dated Wednesday, February 14th. The stock was sold at an average price of $77.83, for a total value of $1,556,600.00. Following the transaction, the insider now directly owns 107,290 shares in the company, valued at $8,350,380.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, insider Tony West sold 18,750 shares of Uber Technologies stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $70.08, for a total value of $1,314,000.00. Following the sale, the insider now directly owns 185,566 shares of the company’s stock, valued at $13,004,465.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jill Hazelbaker sold 20,000 shares of Uber Technologies stock in a transaction dated Wednesday, February 14th. The stock was sold at an average price of $77.83, for a total value of $1,556,600.00. Following the completion of the sale, the insider now directly owns 107,290 shares in the company, valued at $8,350,380.70. The disclosure for this sale can be found here. Company insiders own 3.84% of the company’s stock.

Institutional Investors Weigh In On Uber Technologies

Large investors have recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in Uber Technologies by 34.8% during the fourth quarter. Vanguard Group Inc. now owns 167,629,367 shares of the ride-sharing company’s stock worth $10,320,940,000 after acquiring an additional 43,275,830 shares during the last quarter. Capital World Investors grew its stake in shares of Uber Technologies by 0.7% during the fourth quarter. Capital World Investors now owns 40,610,127 shares of the ride-sharing company’s stock valued at $2,500,366,000 after buying an additional 283,802 shares during the last quarter. Capital Research Global Investors grew its stake in shares of Uber Technologies by 28.4% during the fourth quarter. Capital Research Global Investors now owns 36,928,116 shares of the ride-sharing company’s stock valued at $2,273,669,000 after buying an additional 8,164,816 shares during the last quarter. Altimeter Capital Management LP grew its stake in shares of Uber Technologies by 167.5% during the first quarter. Altimeter Capital Management LP now owns 30,760,000 shares of the ride-sharing company’s stock valued at $1,193,422,000 after buying an additional 19,260,000 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD grew its stake in shares of Uber Technologies by 147.9% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 26,429,473 shares of the ride-sharing company’s stock valued at $1,627,264,000 after buying an additional 15,766,355 shares during the last quarter. 80.24% of the stock is owned by institutional investors.

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.