Uber Technologies (NYSE:UBER) Given New $115.00 Price Target at Evercore ISI

Uber Technologies (NYSE:UBER) had its price target cut by Evercore ISI from $120.00 to $115.00 in a report issued on Thursday morning,Benzinga reports. They currently have an outperform rating on the ride-sharing company’s stock.

Several other equities research analysts have also recently weighed in on UBER. Loop Capital increased their price target on Uber Technologies from $84.00 to $86.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. Wolfe Research increased their target price on shares of Uber Technologies from $90.00 to $92.00 and gave the company an “outperform” rating in a research report on Friday, January 3rd. Citigroup dropped their price target on shares of Uber Technologies from $98.00 to $92.00 and set a “buy” rating on the stock in a research report on Thursday. Bank of America increased their price objective on shares of Uber Technologies from $88.00 to $96.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. Finally, The Goldman Sachs Group restated a “buy” rating and issued a $96.00 target price on shares of Uber Technologies in a report on Thursday, January 2nd. Seven analysts have rated the stock with a hold rating, thirty-one have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $90.19.

Uber Technologies Stock Up 8.6 %

NYSE:UBER opened at $70.04 on Thursday. Uber Technologies has a one year low of $54.84 and a one year 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 $147.47 billion, a PE ratio of 34.84, a P/E/G ratio of 0.77 and a beta of 1.39. The firm’s 50 day simple moving average is $65.31 and its 200 day simple moving average is $70.07.

Uber Technologies (NYSE:UBER) last issued its quarterly earnings results on Wednesday, February 5th. The ride-sharing company reported $3.21 EPS for the quarter, topping analysts’ consensus estimates of $0.50 by $2.71. Uber Technologies had a net margin of 10.49% and a return on equity of 33.46%. On average, research analysts anticipate that Uber Technologies will post 1.89 earnings per share for the current year.

Insider Transactions at Uber Technologies

In other news, insider Jill Hazelbaker sold 27,780 shares of the business’s stock in a transaction that occurred 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 transaction, the insider now owns 107,289 shares in the company, valued at $7,821,368.10. The trade was a 20.57 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 3.80% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. AMF Tjanstepension AB purchased a new position in shares of Uber Technologies in the 3rd quarter worth about $163,468,000. Mather Group LLC. raised its position in Uber Technologies by 123.1% in the third quarter. Mather Group LLC. now owns 5,357 shares of the ride-sharing company’s stock worth $403,000 after acquiring an additional 2,956 shares during the period. Dynamic Advisor Solutions LLC boosted its stake in Uber Technologies by 5.4% in the third quarter. Dynamic Advisor Solutions LLC now owns 14,853 shares of the ride-sharing company’s stock valued at $1,116,000 after acquiring an additional 764 shares during the last quarter. Artemis Investment Management LLP grew its position in shares of Uber Technologies by 58.4% during the 3rd quarter. Artemis Investment Management LLP now owns 107,492 shares of the ride-sharing company’s stock valued at $8,079,000 after acquiring an additional 39,619 shares during the period. Finally, Sovereign Financial Group Inc. increased its stake in shares of Uber Technologies by 12.6% during the 3rd quarter. Sovereign Financial Group Inc. now owns 3,318 shares of the ride-sharing company’s stock worth $249,000 after purchasing an additional 372 shares during the last quarter. Hedge funds and other institutional investors own 80.24% of the company’s stock.

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.