Uber Technologies, Inc. (NYSE:UBER) Receives $108.60 Consensus Price Target from Analysts

Shares of Uber Technologies, Inc. (NYSE:UBER) have received an average recommendation of “Moderate Buy” from the forty-one research firms that are covering the firm, Marketbeat reports. Nine analysts have rated the stock with a hold recommendation, thirty have assigned a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $108.4286.

UBER has been the subject of several analyst reports. Mizuho assumed coverage on Uber Technologies in a research report on Monday, September 29th. They set an “outperform” rating and a $130.00 target price for the company. Wells Fargo & Company cut their price objective on shares of Uber Technologies from $125.00 to $120.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 5th. Truist Financial boosted their price target on Uber Technologies from $96.00 to $110.00 and gave the stock a “buy” rating in a research report on Wednesday, November 5th. Arete Research set a $125.00 target price on shares of Uber Technologies and gave the company a “buy” rating in a report on Wednesday, December 3rd. Finally, Wedbush dropped their price objective on shares of Uber Technologies from $84.00 to $78.00 and set a “neutral” rating on the stock in a research report on Friday.

Uber Technologies Price Performance

UBER stock traded up $0.05 during midday trading on Wednesday, reaching $81.02. 829,513 shares of the company’s stock traded hands, compared to its average volume of 20,647,855. The company has a 50-day simple moving average of $89.54 and a two-hundred day simple moving average of $91.63. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.37. Uber Technologies has a 1-year low of $60.02 and a 1-year high of $101.99. The company has a market cap of $168.35 billion, a price-to-earnings ratio of 10.40 and a beta of 1.19.

Uber Technologies (NYSE:UBER) last announced its earnings results on Tuesday, November 4th. The ride-sharing company reported $3.11 earnings per share for the quarter, beating analysts’ consensus estimates of $0.67 by $2.44. Uber Technologies had a return on equity of 68.17% and a net margin of 33.54%.The company had revenue of $13.47 billion during the quarter, compared to analyst estimates of $13.25 billion. During the same period last year, the company posted $1.20 earnings per share. The firm’s quarterly revenue was up 20.4% compared to the same quarter last year. On average, analysts anticipate that Uber Technologies will post 2.54 earnings per share for the current year.

Insider Transactions at Uber Technologies

In other news, insider Tony West sold 3,125 shares of the company’s stock in a transaction on Thursday, December 18th. The shares were sold at an average price of $80.36, for a total transaction of $251,125.00. Following the completion of the transaction, the insider directly owned 175,423 shares in the company, valued at approximately $14,096,992.28. This represents a 1.75% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Prashanth Mahendra-Rajah sold 5,500 shares of the business’s stock in a transaction on Wednesday, November 12th. The stock was sold at an average price of $94.41, for a total value of $519,255.00. Following the sale, the chief financial officer owned 20,330 shares in the company, valued at $1,919,355.30. This represents a 21.29% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 14,875 shares of company stock valued at $1,348,818 in the last three months. Insiders own 3.70% of the company’s stock.

Institutional Trading of Uber Technologies

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Brighton Jones LLC grew its holdings in Uber Technologies by 3.4% during the 4th quarter. Brighton Jones LLC now owns 74,460 shares of the ride-sharing company’s stock worth $4,491,000 after acquiring an additional 2,474 shares during the period. Revolve Wealth Partners LLC increased its stake in Uber Technologies by 65.0% during the 4th quarter. Revolve Wealth Partners LLC now owns 15,563 shares of the ride-sharing company’s stock valued at $939,000 after purchasing an additional 6,129 shares in the last quarter. Bison Wealth LLC lifted its stake in shares of Uber Technologies by 20.3% in the fourth quarter. Bison Wealth LLC now owns 3,792 shares of the ride-sharing company’s stock valued at $229,000 after buying an additional 641 shares in the last quarter. Colonial Trust Advisors grew its holdings in shares of Uber Technologies by 971.0% during the first quarter. Colonial Trust Advisors now owns 16,387 shares of the ride-sharing company’s stock valued at $1,194,000 after buying an additional 14,857 shares during the last quarter. Finally, Legacy Financial Advisors Inc. bought a new stake in shares of Uber Technologies during the first quarter worth about $521,000. Institutional investors and hedge funds own 80.24% of the company’s stock.

Uber Technologies Company Profile

Uber Technologies, Inc is a technology company that operates a global platform connecting riders, drivers, couriers, restaurants and shippers. Founded in 2009 by Garrett Camp and Travis Kalanick and headquartered in San Francisco, Uber developed one of the first large-scale ride-hailing marketplaces and has since expanded into a broader set of mobility and logistics services. The company completed its initial public offering in 2019 and continues to position its app-based network as a multi-modal transportation and delivery platform.

Uber’s principal businesses include mobility services (ride-hailing and shared rides), delivery through Uber Eats, and freight logistics via Uber Freight.