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

Uber Technologies (NYSE:UBER) had its target price increased by Jefferies Financial Group from $100.00 to $105.00 in a research note issued to investors on Tuesday morning, Benzinga reports. They currently have a buy rating on the ride-sharing company’s stock.

Other research analysts have also recently issued reports about the stock. Roth Mkm boosted their target price on shares of Uber Technologies from $89.00 to $90.00 and gave the company a “buy” rating in a research note on Wednesday, August 7th. Loop Capital boosted their target price on Uber Technologies from $83.00 to $84.00 and gave the company a “buy” rating in a research note on Tuesday, September 3rd. Piper Sandler increased their price target on Uber Technologies from $86.00 to $88.00 and gave the stock an “overweight” rating in a research note on Tuesday, June 25th. Wolfe Research assumed coverage on shares of Uber Technologies in a research note on Tuesday, July 16th. They issued an “outperform” rating and a $90.00 target price for the company. Finally, Oppenheimer boosted their target price on shares of Uber Technologies from $90.00 to $95.00 and gave the company an “outperform” rating in a report on Friday, September 27th. Six analysts have rated the stock with a hold rating, thirty-one have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $88.86.

Uber Technologies Stock Performance

Shares of Uber Technologies stock opened at $78.39 on Tuesday. The business’s fifty day simple moving average is $74.98 and its 200 day simple moving average is $70.81. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.72. Uber Technologies has a 12 month low of $40.09 and a 12 month high of $87.00. The firm has a market capitalization of $164.69 billion, a P/E ratio of 86.14, a price-to-earnings-growth ratio of 1.40 and a beta of 1.33.

Uber Technologies (NYSE:UBER) last released its earnings results on Tuesday, August 6th. The ride-sharing company reported $0.47 EPS for the quarter, topping analysts’ consensus estimates of $0.31 by $0.16. The company had revenue of $10.70 billion for the quarter, compared to analysts’ expectations of $10.57 billion. Uber Technologies had a return on equity of 17.06% and a net margin of 5.02%. The business’s revenue for the quarter was up 15.9% compared to the same quarter last year. During the same period in the previous year, the business posted $0.18 EPS. As a group, analysts anticipate that Uber Technologies will post 1.08 EPS for the current year.

Insider Transactions at Uber Technologies

In related news, insider Jill Hazelbaker sold 40,000 shares of Uber Technologies 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 transaction, the insider now directly owns 127,352 shares of the company’s stock, valued at $9,169,344. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 3.84% of the company’s stock.

Institutional Trading of Uber Technologies

Large investors have recently modified their holdings of the business. Strategic Wealth Investment Group LLC lifted its holdings in Uber Technologies by 48.4% in the 3rd quarter. Strategic Wealth Investment Group LLC now owns 165,805 shares of the ride-sharing company’s stock worth $12,309,000 after buying an additional 54,084 shares during the period. Autumn Glory Partners LLC lifted its stake in Uber Technologies by 100.0% in the third quarter. Autumn Glory Partners LLC now owns 6,460 shares of the ride-sharing company’s stock worth $486,000 after acquiring an additional 3,230 shares during the period. Lederer & Associates Investment Counsel CA bought a new stake in Uber Technologies in the third quarter valued at $799,000. Park Edge Advisors LLC increased its position in Uber Technologies by 12.9% during the 3rd quarter. Park Edge Advisors LLC now owns 8,520 shares of the ride-sharing company’s stock valued at $640,000 after purchasing an additional 975 shares during the period. Finally, Financial Management Professionals Inc. raised its holdings in Uber Technologies by 104.1% in the 3rd quarter. Financial Management Professionals Inc. now owns 494 shares of the ride-sharing company’s stock worth $37,000 after purchasing an additional 252 shares in 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.