Truist Financial Increases Uber Technologies (NYSE:UBER) Price Target to $92.00

Uber Technologies (NYSE:UBER) had its target price increased by analysts at Truist Financial from $90.00 to $92.00 in a research report issued on Thursday,Benzinga reports. The brokerage presently has a “buy” rating on the ride-sharing company’s stock. Truist Financial’s price target suggests a potential upside of 19.64% from the company’s previous close.

Other equities analysts have also issued reports about the stock. DA Davidson reduced their target price on shares of Uber Technologies from $84.00 to $80.00 and set a “buy” rating on the stock in a research report on Thursday, February 6th. Benchmark reissued a “hold” rating on shares of Uber Technologies in a research report on Friday, January 31st. Cantor Fitzgerald restated an “overweight” rating and set a $80.00 price objective on shares of Uber Technologies in a research note on Thursday, February 6th. JMP Securities reaffirmed a “market perform” rating on shares of Uber Technologies in a report on Thursday, February 6th. Finally, Wolfe Research upped their price target on shares of Uber Technologies from $90.00 to $92.00 and gave the company an “outperform” rating in a research note on Friday, January 3rd. Eight investment analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $90.71.

Uber Technologies Stock Performance

Shares of Uber Technologies stock traded up $0.42 on Thursday, reaching $76.90. 3,649,740 shares of the company were exchanged, compared to its average volume of 26,344,771. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.41 and a current ratio of 1.07. The firm has a market cap of $160.64 billion, a price-to-earnings ratio of 16.86, a P/E/G ratio of 0.89 and a beta of 1.39. Uber Technologies has a 1-year low of $54.84 and a 1-year high of $87.00. The company’s 50-day moving average is $70.35 and its two-hundred day moving average is $71.60.

Uber Technologies (NYSE:UBER) last released its earnings results on Wednesday, February 5th. The ride-sharing company reported $3.21 EPS for the quarter, topping analysts’ consensus estimates of $0.50 by $2.71. Uber Technologies had a net margin of 22.41% and a return on equity of 62.60%. As a group, research analysts expect that Uber Technologies will post 2.54 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider Jill Hazelbaker sold 31,000 shares of the business’s stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $81.02, for a total value of $2,511,620.00. Following the sale, the insider now directly owns 86,973 shares in the company, valued at approximately $7,046,552.46. The trade was a 26.28 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 3.84% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Uber Technologies

Large investors have recently added to or reduced their stakes in the company. Fourth Dimension Wealth LLC purchased a new position in shares of Uber Technologies during the fourth quarter worth approximately $27,000. Avion Wealth boosted its holdings in Uber Technologies by 96.0% during the 4th quarter. Avion Wealth now owns 445 shares of the ride-sharing company’s stock valued at $26,000 after acquiring an additional 218 shares during the period. Transce3nd LLC bought a new position in Uber Technologies during the 4th quarter worth approximately $27,000. Runnymede Capital Advisors Inc. purchased a new stake in shares of Uber Technologies during the fourth quarter valued at approximately $28,000. Finally, GHP Investment Advisors Inc. raised its stake in shares of Uber Technologies by 85.1% during the fourth quarter. GHP Investment Advisors Inc. now owns 485 shares of the ride-sharing company’s stock valued at $29,000 after acquiring an additional 223 shares during the last quarter. 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.