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

Uber Technologies (NYSE:UBER) had its price objective increased by stock analysts at Jefferies Financial Group from $100.00 to $105.00 in a research report issued to clients and investors on Tuesday, Benzinga reports. The firm currently has a “buy” rating on the ride-sharing company’s stock. Jefferies Financial Group’s price target indicates a potential upside of 30.01% from the company’s previous close.

UBER has been the topic of a number of other reports. The Goldman Sachs Group raised their price objective on Uber Technologies from $85.00 to $90.00 and gave the company a “buy” rating in a research note on Wednesday, August 7th. Cantor Fitzgerald reiterated an “overweight” rating and set a $90.00 price target on shares of Uber Technologies in a report on Monday, October 7th. Daiwa America lowered shares of Uber Technologies from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 17th. Royal Bank of Canada reiterated an “outperform” rating and set a $80.00 target price on shares of Uber Technologies in a report on Wednesday, August 7th. Finally, Truist Financial boosted their price target on Uber Technologies from $88.00 to $99.00 and gave the company a “buy” rating in a report on Monday, October 7th. Six equities research analysts have rated the stock with a hold rating, thirty-one have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $88.65.

Uber Technologies Price Performance

Shares of NYSE UBER traded up $0.30 during trading hours on Tuesday, reaching $80.76. 2,506,559 shares of the stock traded hands, compared to its average volume of 17,935,992. The company has a market capitalization of $168.75 billion, a P/E ratio of 130.32, a price-to-earnings-growth ratio of 1.37 and a beta of 1.33. The company’s 50-day simple moving average is $74.53 and its two-hundred day simple moving average is $70.67. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.72. Uber Technologies has a 52-week low of $40.09 and a 52-week high of $87.00.

Uber Technologies (NYSE:UBER) last announced its quarterly earnings data on Tuesday, August 6th. The ride-sharing company reported $0.47 earnings per share for the quarter, topping analysts’ consensus estimates of $0.31 by $0.16. Uber Technologies had a net margin of 5.02% and a return on equity of 17.06%. The firm had revenue of $10.70 billion during the quarter, compared to analyst estimates of $10.57 billion. During the same period in the previous year, the business posted $0.18 EPS. The business’s quarterly revenue was up 15.9% on a year-over-year basis. Equities research analysts forecast that Uber Technologies will post 1.08 EPS for the current year.

Insider Activity at Uber Technologies

In other news, insider Jill Hazelbaker sold 40,000 shares of Uber Technologies stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $72.00, for a total value of $2,880,000.00. Following the sale, the insider now directly owns 127,352 shares of the company’s stock, valued at approximately $9,169,344. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 3.84% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Uber Technologies

Institutional investors have recently added to or reduced their stakes in the company. Global Assets Advisory LLC bought a new position in Uber Technologies during the first quarter valued at $3,235,000. Annex Advisory Services LLC bought a new stake in Uber Technologies in the first quarter worth $202,000. Kingswood Wealth Advisors LLC increased its position in Uber Technologies by 32.8% during the first quarter. Kingswood Wealth Advisors LLC now owns 22,001 shares of the ride-sharing company’s stock valued at $1,694,000 after acquiring an additional 5,434 shares during the last quarter. Brookstone Capital Management lifted its holdings in shares of Uber Technologies by 4.0% in the 1st quarter. Brookstone Capital Management now owns 135,680 shares of the ride-sharing company’s stock worth $10,446,000 after acquiring an additional 5,160 shares during the last quarter. Finally, Future Financial Wealth Managment LLC purchased a new position in shares of Uber Technologies during the 1st quarter worth about $154,000. Hedge funds and other institutional investors own 80.24% of the company’s stock.

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.