Jefferies Financial Group Boosts Uber Technologies (NYSE:UBER) Price Target to $105.00

Uber Technologies (NYSE:UBER) had its target price hoisted by equities researchers at Jefferies Financial Group from $100.00 to $105.00 in a note issued to investors on Tuesday, Benzinga reports. The firm presently has a “buy” rating on the ride-sharing company’s stock. Jefferies Financial Group’s price target would indicate a potential upside of 30.01% from the stock’s current price.

A number of other brokerages also recently weighed in on UBER. Cantor Fitzgerald reissued an “overweight” rating and set a $90.00 target price on shares of Uber Technologies in a research note on Monday, October 7th. Citigroup lifted their price objective on Uber Technologies from $96.00 to $98.00 and gave the stock a “buy” rating in a research report on Wednesday, August 7th. The Goldman Sachs Group upped their target price on Uber Technologies from $85.00 to $90.00 and gave the company a “buy” rating in a research report on Wednesday, August 7th. Wells Fargo & Company reiterated an “overweight” rating and issued a $97.00 target price on shares of Uber Technologies in a report on Friday, September 13th. Finally, Daiwa Capital Markets cut Uber Technologies from an “outperform” rating to a “neutral” rating and set a $84.00 price target on the stock. in a report on Thursday, October 17th. Six research 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. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $88.65.

Uber Technologies Trading Up 0.4 %

Shares of Uber Technologies stock traded up $0.30 during trading on Tuesday, hitting $80.76. The company’s stock had a trading volume of 2,506,559 shares, compared to its average volume of 17,935,992. The stock has a market cap of $168.75 billion, a price-to-earnings ratio of 130.32, a price-to-earnings-growth ratio of 1.37 and a beta of 1.33. Uber Technologies has a 52 week low of $40.09 and a 52 week high of $87.00. The stock has a 50-day moving average price of $74.53 and a two-hundred day moving average price of $70.67. 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 issued its quarterly earnings data on Tuesday, August 6th. The ride-sharing company reported $0.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.31 by $0.16. The company had revenue of $10.70 billion during the quarter, compared to the consensus estimate of $10.57 billion. Uber Technologies had a return on equity of 17.06% and a net margin of 5.02%. The firm’s revenue was up 15.9% compared to the same quarter last year. During the same period last year, the company earned $0.18 earnings per share. Equities research analysts anticipate that Uber Technologies will post 1.08 EPS for the current fiscal year.

Insider Buying and Selling at Uber Technologies

In other Uber Technologies news, insider Jill Hazelbaker sold 40,000 shares of the company’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $72.00, for a total transaction of $2,880,000.00. Following the sale, the insider now directly owns 127,352 shares of the company’s stock, valued at $9,169,344. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 3.84% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in UBER. Global Assets Advisory LLC bought a new stake in Uber Technologies during the 1st quarter worth approximately $3,235,000. Annex Advisory Services LLC bought a new stake in shares of Uber Technologies during the 1st quarter valued at about $202,000. Kingswood Wealth Advisors LLC increased its position in shares of Uber Technologies by 32.8% in the first quarter. Kingswood Wealth Advisors LLC now owns 22,001 shares of the ride-sharing company’s stock worth $1,694,000 after purchasing an additional 5,434 shares during the last quarter. Brookstone Capital Management increased its position in shares of Uber Technologies by 4.0% in the first quarter. Brookstone Capital Management now owns 135,680 shares of the ride-sharing company’s stock worth $10,446,000 after purchasing an additional 5,160 shares during the last quarter. Finally, Future Financial Wealth Managment LLC bought a new stake in Uber Technologies during the first quarter valued at approximately $154,000. Institutional investors own 80.24% of the company’s stock.

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.