Uber Technologies (NYSE:UBER) Price Target Raised to $86.00 at Loop Capital

Uber Technologies (NYSE:UBER) had its price target raised by equities research analysts at Loop Capital from $84.00 to $86.00 in a research note issued on Wednesday, Benzinga reports. The firm currently has a “buy” rating on the ride-sharing company’s stock. Loop Capital’s price target suggests a potential upside of 15.44% from the company’s previous close.

UBER has been the topic of a number of other research reports. Wolfe Research assumed coverage on shares of Uber Technologies in a report on Tuesday, July 16th. They issued an “outperform” rating and a $90.00 price target on the stock. Bank of America raised their price target on Uber Technologies from $88.00 to $96.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. Daiwa America lowered shares of Uber Technologies from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 17th. DA Davidson reissued a “buy” rating and issued a $82.00 target price on shares of Uber Technologies in a research report on Thursday, October 17th. Finally, Evercore ISI boosted their price objective on shares of Uber Technologies from $90.00 to $120.00 and gave the stock an “outperform” rating in a research note on Thursday, October 31st. Six equities research analysts have rated the stock with a hold rating, thirty-two have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $90.32.

Uber Technologies Stock Performance

UBER traded up $0.35 on Wednesday, hitting $74.50. The company’s stock had a trading volume of 19,377,938 shares, compared to its average volume of 18,073,477. The company’s 50 day simple moving average is $75.40 and its 200-day simple moving average is $70.90. The firm has a market cap of $156.88 billion, a P/E ratio of 37.01, a price-to-earnings-growth ratio of 1.16 and a beta of 1.34. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.70. Uber Technologies has a 12 month low of $46.68 and a 12 month high of $87.00.

Uber Technologies (NYSE:UBER) last released its quarterly earnings results on Thursday, October 31st. The ride-sharing company reported $1.20 EPS for the quarter, beating analysts’ consensus estimates of $0.41 by $0.79. Uber Technologies had a net margin of 10.49% and a return on equity of 33.46%. The firm had revenue of $11.19 billion during the quarter, compared to analyst estimates of $10.99 billion. During the same period in the previous year, the business earned $0.10 EPS. The business’s revenue for the quarter was up 20.4% on a year-over-year basis. Analysts forecast that Uber Technologies will post 1.15 EPS for the current year.

Insider Buying and Selling at Uber Technologies

In other Uber Technologies news, insider Jill Hazelbaker sold 40,000 shares of the company’s stock in a transaction on 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 completion of the sale, the insider now directly owns 127,352 shares in the company, valued at $9,169,344. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 3.80% of the company’s stock.

Institutional Investors Weigh In On Uber Technologies

Institutional investors and hedge funds have recently modified their holdings of the company. Dearborn Partners LLC increased its holdings in Uber Technologies by 3.9% in the third quarter. Dearborn Partners LLC now owns 21,332 shares of the ride-sharing company’s stock valued at $1,603,000 after buying an additional 800 shares during the last quarter. CIBC Asset Management Inc increased its holdings in shares of Uber Technologies by 8.7% in the third quarter. CIBC Asset Management Inc now owns 305,415 shares of the ride-sharing company’s stock valued at $22,955,000 after purchasing an additional 24,560 shares during the period. FUKOKU MUTUAL LIFE INSURANCE Co increased its stake in Uber Technologies by 150.9% in the 3rd quarter. FUKOKU MUTUAL LIFE INSURANCE Co now owns 12,545 shares of the ride-sharing company’s stock valued at $943,000 after buying an additional 7,545 shares during the period. Omnia Family Wealth LLC lifted its stake in shares of Uber Technologies by 6.1% in the 3rd quarter. Omnia Family Wealth LLC now owns 4,005 shares of the ride-sharing company’s stock worth $301,000 after acquiring an additional 231 shares during the period. Finally, Palo Alto Wealth Advisors LLC boosted its holdings in shares of Uber Technologies by 5.4% in the third quarter. Palo Alto Wealth Advisors LLC now owns 7,800 shares of the ride-sharing company’s stock valued at $628,000 after acquiring an additional 400 shares in 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.