Uber Technologies (NYSE:UBER) Price Target Raised to $96.00 at Tigress Financial

Uber Technologies (NYSE:UBER) had its target price raised by equities researchers at Tigress Financial from $72.00 to $96.00 in a research note issued to investors on Friday, Benzinga reports. The brokerage currently has a “buy” rating on the ride-sharing company’s stock. Tigress Financial’s price target suggests a potential upside of 39.15% from the stock’s current price.

Other equities analysts have also issued reports about the company. Bank of America boosted their target price on Uber Technologies from $68.00 to $73.00 and gave the stock a “buy” rating in a research report on Tuesday, January 30th. Nomura lowered Uber Technologies from a “buy” rating to a “neutral” rating and boosted their price objective for the company from $59.00 to $62.00 in a research report on Friday, December 29th. Moffett Nathanson reiterated a “buy” rating and issued a $92.00 price objective on shares of Uber Technologies in a research report on Thursday, April 11th. JMP Securities reiterated a “market outperform” rating and issued a $85.00 price objective on shares of Uber Technologies in a research report on Thursday, March 28th. Finally, Jefferies Financial Group boosted their price objective on Uber Technologies from $95.00 to $100.00 and gave the company a “buy” rating in a research report on Friday, April 5th. Two investment analysts have rated the stock with a hold rating and twenty-nine have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $78.94.

Uber Technologies Trading Down 3.2 %

Shares of Uber Technologies stock traded down $2.31 during trading on Friday, hitting $68.99. 8,143,374 shares of the company were exchanged, compared to its average volume of 19,383,508. The firm has a market capitalization of $143.60 billion, a P/E ratio of 80.59, a price-to-earnings-growth ratio of 1.14 and a beta of 1.36. Uber Technologies has a 1-year low of $29.22 and a 1-year high of $82.14. The firm’s fifty day moving average price is $76.92 and its 200 day moving average price is $63.34. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.19 and a quick ratio of 1.19.

Uber Technologies (NYSE:UBER) last posted its earnings results on Wednesday, February 7th. The ride-sharing company reported $0.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.50. The company had revenue of $9.94 billion during the quarter, compared to analyst estimates of $9.76 billion. Uber Technologies had a return on equity of 18.95% and a net margin of 5.06%. The company’s revenue for the quarter was up 15.4% compared to the same quarter last year. During the same period in the previous year, the company earned $0.29 EPS. As a group, sell-side analysts expect that Uber Technologies will post 1.22 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Uber Technologies news, insider Jill Hazelbaker sold 20,000 shares of the stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $77.83, for a total transaction of $1,556,600.00. Following the transaction, the insider now owns 107,290 shares in the company, valued at approximately $8,350,380.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, insider Tony West sold 18,750 shares of the firm’s stock in a transaction on Monday, February 12th. The stock was sold at an average price of $70.08, for a total value of $1,314,000.00. Following the transaction, the insider now owns 185,566 shares in the company, valued at $13,004,465.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jill Hazelbaker sold 20,000 shares of the firm’s stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $77.83, for a total value of $1,556,600.00. Following the completion of the transaction, the insider now owns 107,290 shares in the company, valued at approximately $8,350,380.70. The disclosure for this sale can be found here. Company insiders own 3.84% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. Highlander Capital Management LLC grew its position in Uber Technologies by 100.0% in the fourth quarter. Highlander Capital Management LLC now owns 500 shares of the ride-sharing company’s stock valued at $31,000 after acquiring an additional 250 shares during the last quarter. Treasurer of the State of North Carolina grew its position in Uber Technologies by 0.4% in the third quarter. Treasurer of the State of North Carolina now owns 877,589 shares of the ride-sharing company’s stock valued at $40,360,000 after acquiring an additional 3,530 shares during the last quarter. Compagnie Lombard Odier SCmA grew its position in Uber Technologies by 73.0% in the fourth quarter. Compagnie Lombard Odier SCmA now owns 33,535 shares of the ride-sharing company’s stock valued at $2,065,000 after acquiring an additional 14,153 shares during the last quarter. Financial Enhancement Group LLC bought a new position in Uber Technologies in the fourth quarter valued at about $1,112,000. Finally, Fifth Third Bancorp grew its position in Uber Technologies by 54.3% in the fourth quarter. Fifth Third Bancorp now owns 68,894 shares of the ride-sharing company’s stock valued at $4,242,000 after acquiring an additional 24,247 shares during the last quarter. 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.