Uber Technologies (NYSE:UBER) Given New $84.00 Price Target at DA Davidson

Uber Technologies (NYSE:UBER) had its price target upped by DA Davidson from $82.00 to $84.00 in a report published on Wednesday, Benzinga reports. The brokerage currently has a buy rating on the ride-sharing company’s stock.

Several other research firms have also weighed in on UBER. Citigroup lifted their target price on Uber Technologies from $96.00 to $98.00 and gave the stock a “buy” rating in a report on Wednesday, August 7th. Daiwa America lowered Uber Technologies from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 17th. Melius Research began coverage on Uber Technologies in a report on Monday, July 22nd. They set a “hold” rating and a $77.00 target price on the stock. Needham & Company LLC reiterated a “buy” rating and set a $90.00 target price on shares of Uber Technologies in a report on Thursday, October 31st. Finally, Cantor Fitzgerald restated an “overweight” rating and issued a $90.00 price target on shares of Uber Technologies in a report on Monday, October 7th. Six equities research analysts have rated the stock with a hold rating, thirty-two have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $90.32.

Uber Technologies Trading Up 0.0 %

Shares of UBER stock traded up $0.02 during trading hours on Wednesday, reaching $74.38. The company had a trading volume of 4,312,988 shares, compared to its average volume of 18,042,330. The company has a 50 day moving average of $75.45 and a 200 day moving average of $70.92. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.41 and a quick ratio of 1.41. The firm has a market cap of $156.62 billion, a price-to-earnings ratio of 36.98, a P/E/G ratio of 1.16 and a beta of 1.34. Uber Technologies has a 1-year low of $48.90 and a 1-year high of $87.00.

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

Insider Activity

In other news, insider Jill Hazelbaker sold 40,000 shares of the company’s stock in a transaction that occurred 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 transaction, the insider now owns 127,352 shares of the company’s stock, valued at approximately $9,169,344. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 3.84% of the stock is owned by company insiders.

Hedge Funds Weigh In On Uber Technologies

Institutional investors and hedge funds have recently made changes to their positions in the company. Swiss National Bank boosted its stake in shares of Uber Technologies by 0.6% in the third quarter. Swiss National Bank now owns 5,581,800 shares of the ride-sharing company’s stock valued at $419,528,000 after buying an additional 35,200 shares during the period. WIM INVESTMENT MANAGEMENT Ltd bought a new stake in shares of Uber Technologies in the third quarter valued at approximately $15,490,000. Tower Bridge Advisors bought a new stake in shares of Uber Technologies in the third quarter valued at approximately $338,000. Accent Capital Management LLC bought a new stake in shares of Uber Technologies in the third quarter valued at approximately $509,000. Finally, Atlanta Consulting Group Advisors LLC bought a new stake in shares of Uber Technologies in the third quarter valued at approximately $253,000. Institutional investors and hedge funds 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.