Uber Technologies (NYSE:UBER) Given “Buy” Rating at The Goldman Sachs Group

Uber Technologies (NYSE:UBER)‘s stock had its “buy” rating restated by equities research analysts at The Goldman Sachs Group in a research note issued on Thursday,Benzinga reports. They currently have a $96.00 target price on the ride-sharing company’s stock. The Goldman Sachs Group’s price target would suggest a potential upside of 53.16% from the stock’s previous close.

UBER has been the topic of a number of other reports. Tigress Financial raised their price objective on Uber Technologies from $96.00 to $103.00 and gave the company a “buy” rating in a research note on Monday, November 25th. Bank of America raised their price objective on shares of Uber Technologies from $88.00 to $96.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. UBS Group upped their price objective on shares of Uber Technologies from $102.00 to $114.00 and gave the company a “buy” rating in a research report on Friday, October 18th. Wells Fargo & Company cut their price target on Uber Technologies from $97.00 to $90.00 and set an “overweight” rating for the company in a report on Friday, November 1st. Finally, Royal Bank of Canada lifted their price objective on Uber Technologies from $80.00 to $82.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Six equities research analysts have rated the stock with a hold rating, thirty-one have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Uber Technologies has a consensus rating of “Moderate Buy” and an average price target of $91.47.

Uber Technologies Price Performance

Shares of NYSE UBER traded up $2.36 during trading on Thursday, hitting $62.68. The company had a trading volume of 10,901,178 shares, compared to its average volume of 19,204,439. The company has a market cap of $131.99 billion, a P/E ratio of 31.18, a PEG ratio of 0.75 and a beta of 1.33. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.41 and a current ratio of 1.41. The business’s 50-day moving average is $68.54 and its 200 day moving average is $70.78. Uber Technologies has a 52 week low of $54.84 and a 52 week high of $87.00.

Uber Technologies (NYSE:UBER) last announced its quarterly earnings data on Thursday, October 31st. The ride-sharing company reported $1.20 EPS for the quarter, beating analysts’ consensus estimates of $0.41 by $0.79. Uber Technologies had a net margin of 10.49% and a return on equity of 33.46%. The firm had revenue of $11.19 billion for the quarter, compared to the consensus estimate of $10.99 billion. During the same period in the previous year, the firm posted $0.10 earnings per share. The firm’s revenue was up 20.4% on a year-over-year basis. Equities research analysts predict that Uber Technologies will post 1.89 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, insider Jill Hazelbaker sold 27,780 shares of the firm’s stock in a transaction that occurred on Monday, November 25th. The stock was 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 owns 107,289 shares of the company’s stock, valued at $7,821,368.10. This trade represents a 20.57 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 3.84% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in UBER. GHP Investment Advisors Inc. grew its holdings in Uber Technologies by 222.7% during the second quarter. GHP Investment Advisors Inc. now owns 355 shares of the ride-sharing company’s stock valued at $26,000 after purchasing an additional 245 shares during the period. MCF Advisors LLC lifted its holdings in shares of Uber Technologies by 1,038.5% during the 2nd quarter. MCF Advisors LLC now owns 444 shares of the ride-sharing company’s stock worth $32,000 after acquiring an additional 405 shares during the last quarter. Financial Management Professionals Inc. grew its position in Uber Technologies by 104.1% during the third quarter. Financial Management Professionals Inc. now owns 494 shares of the ride-sharing company’s stock valued at $37,000 after acquiring an additional 252 shares during the last quarter. Fairfield Financial Advisors LTD bought a new position in shares of Uber Technologies during the second quarter valued at about $36,000. Finally, Transcendent Capital Group LLC lifted its position in Uber Technologies by 3,928.6% in the third quarter. Transcendent Capital Group LLC now owns 564 shares of the ride-sharing company’s stock valued at $42,000 after purchasing an additional 550 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.