Uber Technologies (NYSE:UBER) PT Raised to $68.00 at Truist Financial

Uber Technologies (NYSE:UBERGet Free Report) had its target price lifted by research analysts at Truist Financial from $58.00 to $68.00 in a research note issued on Friday, Benzinga reports. The brokerage currently has a “buy” rating on the ride-sharing company’s stock. Truist Financial’s target price would indicate a potential upside of 3.79% from the stock’s previous close.

UBER has been the topic of several other research reports. JMP Securities reissued a “market outperform” rating and set a $62.00 target price on shares of Uber Technologies in a research note on Friday, December 1st. BMO Capital Markets began coverage on shares of Uber Technologies in a report on Tuesday, January 9th. They set an “outperform” rating and a $69.00 price target for the company. The Goldman Sachs Group lifted their target price on shares of Uber Technologies from $59.00 to $78.00 and gave the company a “buy” rating in a research note on Thursday, January 11th. Nomura cut shares of Uber Technologies from a “buy” rating to a “neutral” rating and lifted their target price for the company from $59.00 to $62.00 in a research note on Friday, December 29th. Finally, Mizuho lifted their target price on shares of Uber Technologies from $63.00 to $77.00 and gave the company a “buy” rating in a research note on Wednesday, January 17th. Two investment analysts have rated the stock with a hold rating and thirty have issued a buy rating to the stock. According to data from MarketBeat, Uber Technologies has a consensus rating of “Moderate Buy” and an average target price of $59.57.

Get Our Latest Report on Uber Technologies

Uber Technologies Trading Down 0.7 %

Shares of Uber Technologies stock traded down $0.48 during trading hours on Friday, hitting $65.52. The company’s stock had a trading volume of 13,029,602 shares, compared to its average volume of 22,738,639. Uber Technologies has a 1-year low of $29.22 and a 1-year high of $66.04. The business has a fifty day moving average of $60.46 and a 200 day moving average of $51.02. The company has a market capitalization of $134.83 billion, a PE ratio of 133.71 and a beta of 1.33. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.91.

Uber Technologies (NYSE:UBERGet Free Report) last posted its quarterly earnings results on Tuesday, November 7th. The ride-sharing company reported $0.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.03). The business had revenue of $9.29 billion during the quarter, compared to the consensus estimate of $9.47 billion. Uber Technologies had a return on equity of 11.74% and a net margin of 2.93%. As a group, equities analysts forecast that Uber Technologies will post 0.37 EPS for the current year.

Insider Buying and Selling

In related news, CEO Dara Khosrowshahi sold 50,016 shares of the company’s stock in a transaction dated Tuesday, November 7th. The shares were sold at an average price of $50.00, for a total transaction of $2,500,800.00. Following the transaction, the chief executive officer now owns 1,266,227 shares in the company, valued at approximately $63,311,350. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In related news, insider Tony West sold 18,750 shares of the stock in a transaction that occurred on Friday, November 10th. The stock was sold at an average price of $51.40, for a total transaction of $963,750.00. Following the completion of the sale, the insider now directly owns 181,339 shares of the company’s stock, valued at approximately $9,320,824.60. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Dara Khosrowshahi sold 50,016 shares of the company’s stock in a transaction that occurred on Tuesday, November 7th. The stock was sold at an average price of $50.00, for a total value of $2,500,800.00. Following the transaction, the chief executive officer now directly owns 1,266,227 shares of the company’s stock, valued at approximately $63,311,350. The disclosure for this sale can be found here. Insiders have sold a total of 187,616 shares of company stock worth $9,747,789 in the last 90 days. Corporate insiders own 3.84% of the company’s stock.

Hedge Funds Weigh In On Uber Technologies

A number of large investors have recently bought and sold shares of UBER. Executive Wealth Management LLC acquired a new stake in Uber Technologies during the 4th quarter valued at $247,000. Turtle Creek Wealth Advisors LLC bought a new position in Uber Technologies during the 4th quarter worth $41,000. Dearborn Partners LLC increased its position in Uber Technologies by 2.7% during the 4th quarter. Dearborn Partners LLC now owns 18,800 shares of the ride-sharing company’s stock worth $1,158,000 after buying an additional 500 shares during the period. RFG Advisory LLC increased its position in Uber Technologies by 35.7% during the 4th quarter. RFG Advisory LLC now owns 11,587 shares of the ride-sharing company’s stock worth $713,000 after buying an additional 3,051 shares during the period. Finally, Pinnacle Bancorp Inc. increased its position in Uber Technologies by 47.1% during the 4th quarter. Pinnacle Bancorp Inc. now owns 1,221 shares of the ride-sharing company’s stock worth $75,000 after buying an additional 391 shares during the period. Institutional investors and hedge funds own 74.07% of the company’s stock.

About Uber Technologies

(Get Free Report)

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.

Further Reading

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