Uber Technologies (NYSE:UBER) Price Target Lowered to $115.00 at Evercore ISI

Uber Technologies (NYSE:UBER) had its target price reduced by research analysts at Evercore ISI from $120.00 to $115.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm currently has an “outperform” rating on the ride-sharing company’s stock. Evercore ISI’s price objective would suggest a potential upside of 53.82% from the company’s current price.

Several other brokerages have also recently issued reports on UBER. Bank of America increased their target price on shares of Uber Technologies from $88.00 to $96.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. Daiwa Capital Markets lowered shares of Uber Technologies from an “outperform” rating to a “neutral” rating and set a $84.00 price objective on the stock. in a report on Thursday, October 17th. 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 report on Thursday, October 31st. Daiwa America downgraded Uber Technologies from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 17th. Finally, Jefferies Financial Group upped their price objective on Uber Technologies from $100.00 to $105.00 and gave the stock a “buy” rating in a research note on Tuesday, October 22nd. Seven analysts have rated the stock with a hold rating, thirty-one have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Uber Technologies has a consensus rating of “Moderate Buy” and a consensus price target of $90.19.

Uber Technologies Stock Performance

Shares of NYSE:UBER opened at $74.76 on Thursday. 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 firm has a market cap of $157.43 billion, a PE ratio of 37.20, a price-to-earnings-growth ratio of 0.77 and a beta of 1.39. The firm’s 50 day simple moving average is $65.28 and its 200-day simple moving average is $70.07. Uber Technologies has a one year low of $54.84 and a one year high of $87.00.

Uber Technologies (NYSE:UBER) last issued its earnings results on Wednesday, February 5th. The ride-sharing company reported $3.21 earnings per share for the quarter, beating analysts’ consensus estimates 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 analysts predict that Uber Technologies will post 1.89 EPS for the current year.

Insider Buying and Selling at Uber Technologies

In related news, insider Jill Hazelbaker sold 27,780 shares of the firm’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $72.90, for a total transaction of $2,025,162.00. Following the sale, the insider now directly owns 107,289 shares of the company’s stock, valued at $7,821,368.10. This trade represents a 20.57 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 3.80% of the company’s stock.

Institutional Investors Weigh In On Uber Technologies

Several hedge funds have recently bought and sold shares of the stock. Prosperity Wealth Management Inc. lifted its stake in shares of Uber Technologies by 41.7% in the 4th quarter. Prosperity Wealth Management Inc. now owns 23,719 shares of the ride-sharing company’s stock valued at $1,431,000 after purchasing an additional 6,981 shares during the period. Wealthfront Advisers LLC raised its position in shares of Uber Technologies by 8.7% in the fourth quarter. Wealthfront Advisers LLC now owns 239,433 shares of the ride-sharing company’s stock worth $14,443,000 after acquiring an additional 19,239 shares during the period. Markel Group Inc. boosted its stake in shares of Uber Technologies by 23.9% during the 4th quarter. Markel Group Inc. now owns 109,000 shares of the ride-sharing company’s stock worth $6,575,000 after acquiring an additional 21,000 shares in the last quarter. Miller Financial Services LLC acquired a new stake in shares of Uber Technologies during the 4th quarter valued at about $1,597,000. Finally, SPX Gestao de Recursos Ltda purchased a new position in shares of Uber Technologies in the 4th quarter valued at about $2,714,000. 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.