Uber Technologies, Inc. (NYSE:UBER) Stock Has Average Price Target of $101.82

Uber Technologies, Inc. (NYSE:UBER) has been given an average recommendation of “Moderate Buy” by the fifty-two research firms that are presently covering the firm, Marketbeat reports. Two analysts have rated the stock with a sell recommendation, five have given a hold recommendation, forty-four have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $102.08.

UBER has been the topic of a number of recent research reports. The Goldman Sachs Group reaffirmed a “buy” rating and set a $110.00 price target (down from $115.00) on shares of Uber Technologies in a research note on Thursday, November 5th. Oppenheimer dropped their price objective on shares of Uber Technologies from $100.00 to $90.00 in a research note on Tuesday, August 4th. Citigroup started coverage on shares of Uber Technologies in a report on Monday. They issued a “buy” rating and a $105.00 target price on the stock. Daiwa Securities Group decreased their target price on shares of Uber Technologies from $80.00 to $72.00 and set a “neutral” rating on the stock in a research report on Thursday, August 6th. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $90.00 price target on shares of Uber Technologies in a report on Thursday, November 5th.

Uber Technologies Stock Up 1.0%

Shares of UBER opened at $70.78 on Friday. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.23 and a quick ratio of 1.23. The stock has a market capitalization of $144.52 billion, a price-to-earnings ratio of 41.88, a price-to-earnings-growth ratio of 2.60 and a beta of 1.33. Uber Technologies has a 1 year low of $64.04 and a 1 year high of $95.18. The business’s 50 day simple moving average is $69.78 and its 200-day simple moving average is $72.84.

Uber Technologies (NYSE:UBER) last posted its earnings results on Wednesday, November 4th. The ride-sharing company reported $0.88 earnings per share for the quarter, beating analysts’ consensus estimates of $0.86 by $0.02. Uber Technologies had a net margin of 6.13% and a return on equity of 21.37%. The firm had revenue of $14.77 billion during the quarter, compared to analyst estimates of $14.66 billion. During the same period last year, the firm posted $3.11 earnings per share. Uber Technologies’s revenue for the quarter was up 9.6% compared to the same quarter last year. As a group, equities analysts expect that Uber Technologies will post 3.27 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, insider Andrew Macdonald acquired 70,000 shares of the firm’s stock in a transaction on Friday, September 4th. The shares were acquired at an average cost of $75.83 per share, for a total transaction of $5,308,100.00. Following the completion of the transaction, the insider directly owned 426,320 shares in the company, valued at approximately $32,327,845.60. This trade represents a 19.65% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Dara Khosrowshahi acquired 141,000 shares of the stock in a transaction dated Thursday, September 10th. The stock was bought at an average cost of $70.96 per share, with a total value of $10,005,360.00. Following the completion of the purchase, the chief executive officer directly owned 1,367,100 shares in the company, valued at approximately $97,009,416. The trade was a 11.50% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 3.81% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in UBER. Dunhill Financial LLC purchased a new position in shares of Uber Technologies during the second quarter worth approximately $28,000. Clal Insurance Enterprises Holdings Ltd bought a new stake in shares of Uber Technologies during the second quarter valued at approximately $29,000. William Mack & Associates Inc. purchased a new stake in shares of Uber Technologies in the third quarter valued at approximately $28,000. Elevation Wealth Partners LLC boosted its holdings in shares of Uber Technologies by 209.8% in the second quarter. Elevation Wealth Partners LLC now owns 409 shares of the ride-sharing company’s stock valued at $29,000 after purchasing an additional 277 shares during the period. Finally, Balance Wealth Partners LLC purchased a new stake in shares of Uber Technologies in the third quarter valued at approximately $29,000. 80.24% of the stock is currently owned by institutional investors.

Key Uber Technologies News

These are some of the UBER news items that stood out recently:

• Positive Sentiment: Uber expanded its multiyear McDonald’s delivery and loyalty partnership across 14 markets. Uber will be the preferred integrated delivery provider for orders placed through McDonald’s app in key markets, with loyalty rewards linked between the companies—potentially encouraging more orders and customer engagement. McDonald’s Expands Uber Partnership in 14 Markets
• Positive Sentiment: Evercore ISI maintained its Outperform rating and $150 price target after Uber’s third-quarter report, arguing the selloff has gone too far. That outlook points to analyst confidence in Uber’s growth and profitability, though the target is not a guarantee. Evercore ISI’s $150 Target Says Uber’s Selloff Went Too Far
• Negative Sentiment: Some commentary highlighted concerns about Uber’s fourth-quarter outlook, and a Seeking Alpha article downgraded the stock amid the prospect of disruption from autonomous vehicles. These concerns could temper optimism from the new partnerships. Uber Delivers Strong Growth, but Its Q4 Outlook Raises Concerns Uber: Facing the Ultimate Disruption Test

Uber Technologies Company Profile

Uber Technologies, Inc. operates a technology platform that connects people seeking transportation and delivery services with drivers, couriers, merchants and other providers. Its offerings include rides through the Uber app and food and grocery delivery through Uber Eats. The company also provides logistics services through Uber Freight, which connects shippers with carriers and offers tools for managing freight transportation. Uber’s platform serves users and businesses across markets in North America, Latin America, Europe, the Middle East, Africa and Asia-Pacific.