Uber Technologies (NYSE:UBER) PT Raised to $95.00 at Oppenheimer

Uber Technologies (NYSE:UBER) had its price objective lifted by Oppenheimer from $90.00 to $95.00 in a report published on Friday, Benzinga reports. The brokerage currently has an outperform rating on the ride-sharing company’s stock.

A number of other brokerages also recently issued reports on UBER. The Goldman Sachs Group increased their price target on Uber Technologies from $85.00 to $90.00 and gave the stock a buy rating in a research report on Wednesday, August 7th. Wells Fargo & Company restated an overweight rating and set a $97.00 target price on shares of Uber Technologies in a research note on Friday, September 13th. Piper Sandler upped their target price on Uber Technologies from $86.00 to $88.00 and gave the stock an overweight rating in a research note on Tuesday, June 25th. Bank of America restated a buy rating and set a $88.00 target price on shares of Uber Technologies in a research note on Friday, August 23rd. Finally, Melius initiated coverage on Uber Technologies in a research note on Monday, July 22nd. They set a hold rating and a $77.00 target price for the company. Four investment 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 stock. Based on data from MarketBeat, the company presently has a consensus rating of Moderate Buy and an average target price of $87.81.

Uber Technologies Trading Down 1.2 %

Shares of NYSE:UBER opened at $75.75 on Friday. The company has a market capitalization of $158.28 billion, a P/E ratio of 122.18, a P/E/G ratio of 1.38 and a beta of 1.33. Uber Technologies has a 1 year low of $40.09 and a 1 year high of $82.14. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.21 and a quick ratio of 1.21. The business’s 50 day simple moving average is $70.26 and its 200 day simple moving average is $70.64.

Uber Technologies (NYSE:UBER) last issued its quarterly earnings results on Tuesday, August 6th. The ride-sharing company reported $0.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.31 by $0.16. The business had revenue of $10.70 billion for the quarter, compared to the consensus estimate of $10.57 billion. Uber Technologies had a return on equity of 17.06% and a net margin of 5.02%. The firm’s quarterly revenue was up 15.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.18 earnings per share. On average, research analysts anticipate that Uber Technologies will post 1.06 EPS for the current fiscal year.

Insiders Place Their Bets

In other Uber Technologies news, CEO Dara Khosrowshahi sold 500,000 shares of the stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $71.91, for a total transaction of $35,955,000.00. Following the completion of the sale, the chief executive officer now directly owns 1,266,114 shares in the company, valued at approximately $91,046,257.74. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Uber Technologies news, insider Jill Hazelbaker sold 40,000 shares of the stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $72.00, for a total transaction of $2,880,000.00. Following the completion of the sale, the insider now directly owns 127,352 shares in the company, valued at approximately $9,169,344. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Dara Khosrowshahi sold 500,000 shares of the firm’s stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $71.91, for a total value of $35,955,000.00. Following the completion of the sale, the chief executive officer now owns 1,266,114 shares of the company’s stock, valued at $91,046,257.74. The disclosure for this sale can be found here. Company insiders own 3.84% of the company’s stock.

Institutional Trading of Uber Technologies

Several large investors have recently made changes to their positions in the company. Vanguard Group Inc. grew its stake in shares of Uber Technologies by 2.2% in the 1st quarter. Vanguard Group Inc. now owns 171,253,318 shares of the ride-sharing company’s stock valued at $13,184,793,000 after buying an additional 3,623,951 shares during the period. Capital World Investors grew its stake in shares of Uber Technologies by 0.7% in the 4th quarter. Capital World Investors now owns 40,610,127 shares of the ride-sharing company’s stock valued at $2,500,366,000 after buying an additional 283,802 shares during the period. Capital Research Global Investors lifted its position in Uber Technologies by 8.2% in the 1st quarter. Capital Research Global Investors now owns 39,947,547 shares of the ride-sharing company’s stock valued at $3,075,562,000 after acquiring an additional 3,019,431 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its position in Uber Technologies by 37.8% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 36,425,981 shares of the ride-sharing company’s stock valued at $2,804,437,000 after acquiring an additional 9,996,508 shares in the last quarter. Finally, GQG Partners LLC lifted its position in Uber Technologies by 74.1% in the 1st quarter. GQG Partners LLC now owns 22,423,451 shares of the ride-sharing company’s stock valued at $1,726,381,000 after acquiring an additional 9,541,366 shares in the last quarter. 80.24% of the stock is currently owned by institutional investors and hedge funds.

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.