Citigroup Cuts Uber Technologies (NYSE:UBER) Price Target to $92.00

Uber Technologies (NYSE:UBER) had its target price decreased by Citigroup from $98.00 to $92.00 in a research report report published on Thursday morning,Benzinga reports. Citigroup currently has a buy rating on the ride-sharing company’s stock.

Other equities research analysts have also issued reports about the company. Gordon Haskett raised Uber Technologies from a “hold” rating to a “buy” rating and set a $85.00 target price on the stock in a research note on Thursday, October 31st. Piper Sandler reduced their price objective on shares of Uber Technologies from $82.00 to $80.00 and set an “overweight” rating on the stock in a research report on Thursday. Bank of America upped their price objective 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. Citizens Jmp lowered shares of Uber Technologies from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 2nd. Finally, Benchmark reissued a “hold” rating on shares of Uber Technologies in a research note on Friday, January 31st. Seven 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 stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $90.19.

Uber Technologies Trading Up 8.6 %

Shares of UBER opened at $70.04 on Thursday. The stock has a market capitalization of $147.47 billion, a P/E ratio of 34.84, a PEG ratio of 0.77 and a beta of 1.39. Uber Technologies has a twelve month low of $54.84 and a twelve month high of $87.00. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.70. The firm has a fifty day simple moving average of $65.31 and a two-hundred day simple moving average of $70.07.

Uber Technologies (NYSE:UBER) last posted its earnings results on Wednesday, February 5th. The ride-sharing company reported $3.21 earnings per share for the quarter, topping analysts’ consensus estimates of $0.50 by $2.71. Uber Technologies had a net margin of 10.49% and a return on equity of 33.46%. On average, research analysts anticipate that Uber Technologies will post 1.89 EPS for the current year.

Insider Activity

In related news, insider Jill Hazelbaker sold 27,780 shares of the business’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $72.90, for a total transaction of $2,025,162.00. Following the completion of the sale, the insider now directly owns 107,289 shares in the company, valued at approximately $7,821,368.10. The trade was a 20.57 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 3.80% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Vestmark Advisory Solutions Inc. increased its stake in shares of Uber Technologies by 10.1% in the fourth quarter. Vestmark Advisory Solutions Inc. now owns 15,280 shares of the ride-sharing company’s stock worth $922,000 after purchasing an additional 1,403 shares in the last quarter. Ethos Financial Group LLC bought a new position in Uber Technologies in the 4th quarter worth $156,000. Carmel Capital Partners LLC increased its stake in Uber Technologies by 110.1% in the 4th quarter. Carmel Capital Partners LLC now owns 28,615 shares of the ride-sharing company’s stock worth $1,726,000 after buying an additional 14,998 shares in the last quarter. HS Management Partners LLC raised its holdings in Uber Technologies by 149.4% during the fourth quarter. HS Management Partners LLC now owns 1,118,950 shares of the ride-sharing company’s stock valued at $67,495,000 after acquiring an additional 670,345 shares during the period. Finally, Black Swift Group LLC purchased a new position in shares of Uber Technologies in the fourth quarter valued at about $820,000. 80.24% of the stock is owned by hedge funds and other institutional investors.

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.