DA Davidson Lowers Uber Technologies (NYSE:UBER) Price Target to $80.00

Uber Technologies (NYSE:UBER) had its price objective dropped by investment analysts at DA Davidson from $84.00 to $80.00 in a report released on Thursday,Benzinga reports. The brokerage currently has a “buy” rating on the ride-sharing company’s stock. DA Davidson’s price objective would indicate a potential upside of 7.00% from the company’s current price.

Several other research firms have also issued reports on UBER. Bank of America boosted their target price on Uber Technologies from $88.00 to $96.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. Wells Fargo & Company lowered their target price on Uber Technologies from $90.00 to $87.00 and set an “overweight” rating for the company in a research note on Thursday. Gordon Haskett upgraded shares of Uber Technologies from a “hold” rating to a “buy” rating and set a $85.00 price target for the company in a report on Thursday, October 31st. Daiwa America lowered shares of Uber Technologies from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 17th. Finally, Benchmark reaffirmed a “hold” rating on shares of Uber Technologies in a research note on Friday, January 31st. Seven equities research analysts have rated the stock with a hold rating, thirty-one have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $90.19.

Uber Technologies Trading Up 6.8 %

UBER opened at $74.76 on Thursday. The firm has a 50 day simple moving average of $65.28 and a 200 day simple moving average of $70.07. Uber Technologies has a fifty-two week low of $54.84 and a fifty-two week high of $87.00. The company has a market cap of $157.43 billion, a price-to-earnings ratio of 37.20, a price-to-earnings-growth ratio of 0.77 and a beta of 1.39. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.41 and a quick ratio of 1.41.

Uber Technologies (NYSE:UBER) last issued its earnings results on Wednesday, February 5th. The ride-sharing company reported $3.21 EPS for the quarter, beating the consensus estimate of $0.50 by $2.71. Uber Technologies had a net margin of 10.49% and a return on equity of 33.46%. On average, sell-side analysts anticipate that Uber Technologies will post 1.89 earnings per share for the current year.

Insiders Place Their Bets

In other Uber Technologies news, insider Jill Hazelbaker sold 27,780 shares of the firm’s stock in a transaction that occurred on Monday, November 25th. The shares were 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 directly owns 107,289 shares in the company, valued at $7,821,368.10. This trade represents a 20.57 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 3.80% of the company’s stock.

Hedge Funds Weigh In On Uber Technologies

A number of large investors have recently made changes to their positions in the company. AMF Tjanstepension AB bought a new position in Uber Technologies during the 3rd quarter worth $163,468,000. Mather Group LLC. grew its stake in shares of Uber Technologies by 123.1% in the third quarter. Mather Group LLC. now owns 5,357 shares of the ride-sharing company’s stock valued at $403,000 after acquiring an additional 2,956 shares in the last quarter. Dynamic Advisor Solutions LLC increased its position in Uber Technologies by 5.4% during the third quarter. Dynamic Advisor Solutions LLC now owns 14,853 shares of the ride-sharing company’s stock worth $1,116,000 after acquiring an additional 764 shares during the period. Artemis Investment Management LLP raised its stake in Uber Technologies by 58.4% in the 3rd quarter. Artemis Investment Management LLP now owns 107,492 shares of the ride-sharing company’s stock worth $8,079,000 after purchasing an additional 39,619 shares in the last quarter. Finally, Sovereign Financial Group Inc. boosted its holdings in Uber Technologies by 12.6% in the 3rd quarter. Sovereign Financial Group Inc. now owns 3,318 shares of the ride-sharing company’s stock valued at $249,000 after purchasing an additional 372 shares during the period. Institutional investors 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.