Uber Technologies (NYSE:UBER) Price Target Raised to $84.00 at DA Davidson

Uber Technologies (NYSE:UBER) had its target price hoisted by equities researchers at DA Davidson from $82.00 to $84.00 in a report issued on Wednesday, Benzinga reports. The brokerage presently has a “buy” rating on the ride-sharing company’s stock. DA Davidson’s target price suggests a potential upside of 12.75% from the company’s previous close.

A number of other equities research analysts also recently weighed in on the company. BMO Capital Markets restated an “outperform” rating and set a $92.00 price target on shares of Uber Technologies in a research report on Friday, October 11th. 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, October 18th. Wells Fargo & Company reduced their price target on shares of Uber Technologies from $97.00 to $90.00 and set an “overweight” rating on the stock in a research report on Friday, November 1st. The Goldman Sachs Group boosted their price objective on shares of Uber Technologies from $85.00 to $90.00 and gave the stock a “buy” rating in a report on Wednesday, August 7th. Finally, Royal Bank of Canada increased their target price on shares of Uber Technologies from $80.00 to $82.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Six equities research analysts have rated the stock with a hold rating, thirty-two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Uber Technologies currently has a consensus rating of “Moderate Buy” and a consensus target price of $90.32.

Uber Technologies Stock Performance

Shares of UBER traded up $0.35 during trading hours on Wednesday, hitting $74.50. The company’s stock had a trading volume of 19,377,938 shares, compared to its average volume of 18,073,477. The business has a 50 day simple moving average of $75.40 and a two-hundred day simple moving average of $70.90. Uber Technologies has a 52-week low of $46.68 and a 52-week 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. The company has a market cap of $156.88 billion, a price-to-earnings ratio of 37.01, a PEG ratio of 1.16 and a beta of 1.34.

Uber Technologies (NYSE:UBER) last issued its earnings results on Thursday, October 31st. The ride-sharing company reported $1.20 EPS for the quarter, topping the consensus estimate of $0.41 by $0.79. Uber Technologies had a return on equity of 33.46% and a net margin of 10.49%. The business had revenue of $11.19 billion during the quarter, compared to the consensus estimate of $10.99 billion. During the same quarter last year, the company earned $0.10 EPS. The firm’s revenue was up 20.4% compared to the same quarter last year. On average, equities analysts expect that Uber Technologies will post 1.15 earnings per share for the current fiscal year.

Insider Transactions at Uber Technologies

In related news, insider Jill Hazelbaker sold 40,000 shares of the business’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $72.00, for a total value of $2,880,000.00. Following the completion of the transaction, the insider now directly owns 127,352 shares in the company, valued at $9,169,344. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 3.80% of the company’s stock.

Institutional Investors Weigh In On Uber Technologies

Several institutional investors have recently bought and sold shares of UBER. Csenge Advisory Group raised its position in shares of Uber Technologies by 21.6% in the first quarter. Csenge Advisory Group now owns 9,601 shares of the ride-sharing company’s stock valued at $739,000 after buying an additional 1,704 shares during the last quarter. Manchester Capital Management LLC lifted its stake in Uber Technologies by 93.9% in the 1st quarter. Manchester Capital Management LLC now owns 859 shares of the ride-sharing company’s stock worth $66,000 after purchasing an additional 416 shares in the last quarter. Empirical Finance LLC boosted its holdings in shares of Uber Technologies by 99.0% during the 1st quarter. Empirical Finance LLC now owns 6,466 shares of the ride-sharing company’s stock worth $498,000 after purchasing an additional 3,217 shares during the last quarter. Envestnet Portfolio Solutions Inc. grew its position in shares of Uber Technologies by 11.0% in the first quarter. Envestnet Portfolio Solutions Inc. now owns 191,531 shares of the ride-sharing company’s stock valued at $14,746,000 after purchasing an additional 18,917 shares in the last quarter. Finally, Quantbot Technologies LP increased its holdings in shares of Uber Technologies by 186.3% in the first quarter. Quantbot Technologies LP now owns 101,329 shares of the ride-sharing company’s stock valued at $7,801,000 after purchasing an additional 65,933 shares during the last quarter. 80.24% of the stock is currently 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.