Uber Technologies (NYSE:UBER) Given New $80.00 Price Target at DA Davidson

Uber Technologies (NYSE:UBER) had its price target cut by investment analysts at DA Davidson from $84.00 to $80.00 in a research report issued on Thursday,Benzinga reports. The brokerage presently has a “buy” rating on the ride-sharing company’s stock. DA Davidson’s target price would suggest a potential upside of 16.44% from the company’s previous close.

A number of other brokerages have also recently issued reports on UBER. Piper Sandler cut their price objective on Uber Technologies from $82.00 to $80.00 and set an “overweight” rating for the company in a report on Thursday. Gordon Haskett upgraded Uber Technologies from a “hold” rating to a “buy” rating and set a $85.00 target price for the company in a research note on Thursday, October 31st. Jefferies Financial Group lifted their price objective on Uber Technologies from $100.00 to $105.00 and gave the stock a “buy” rating in a research report on Tuesday, October 22nd. Loop Capital lifted their price objective on Uber Technologies from $84.00 to $86.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. Finally, Tigress Financial lifted their price objective on Uber Technologies from $96.00 to $103.00 and gave the stock a “buy” rating in a research report on Monday, November 25th. Seven analysts have rated the stock with a hold rating, thirty-one have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Uber Technologies has an average rating of “Moderate Buy” and an average target price of $90.33.

Uber Technologies Stock Up 6.6 %

Shares of NYSE UBER traded up $4.22 during mid-day trading on Thursday, reaching $68.70. The company had a trading volume of 20,795,007 shares, compared to its average volume of 27,511,453. The stock has a fifty day moving average of $65.31 and a two-hundred day moving average of $70.07. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.41 and a current ratio of 1.41. The company has a market capitalization of $144.67 billion, a price-to-earnings ratio of 34.18, a PEG ratio of 0.77 and a beta of 1.39. Uber Technologies has a 12-month low of $54.84 and a 12-month high of $87.00.

Uber Technologies (NYSE:UBER) last announced its quarterly earnings results on Wednesday, February 5th. The ride-sharing company reported $3.21 EPS for the quarter, beating the consensus estimate of $0.50 by $2.71. Uber Technologies had a return on equity of 33.46% and a net margin of 10.49%. As a group, equities research analysts expect that Uber Technologies will post 1.89 EPS for the current year.

Insider Buying and Selling

In other Uber Technologies news, insider Jill Hazelbaker sold 27,780 shares of the business’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 sale, the insider now directly owns 107,289 shares in the company, valued at $7,821,368.10. The trade was a 20.57 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 3.80% of the stock is currently owned by corporate insiders.

Institutional Trading of Uber Technologies

Several hedge funds have recently made changes to their positions in UBER. Ascent Wealth Partners LLC purchased a new position in Uber Technologies during the third quarter worth about $2,087,000. Teachers Retirement System of The State of Kentucky raised its position in shares of Uber Technologies by 4.4% in the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 321,726 shares of the ride-sharing company’s stock worth $24,180,000 after acquiring an additional 13,433 shares in the last quarter. Aviso Wealth Management bought a new position in Uber Technologies during the 3rd quarter valued at approximately $2,302,000. Polianta Ltd bought a new position in Uber Technologies during the 4th quarter valued at approximately $1,206,000. Finally, Brophy Wealth Management LLC bought a new position in Uber Technologies during the 3rd quarter valued at approximately $1,041,000. 80.24% of the stock is currently 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.