1 week Ago By ABMN Staff
Truist Financial reiterated their buy rating on shares of Uber Technologies ( NYSE:UBER – Free Report ) in a research report released on Friday morning, Benzinga reports. They currently have a $88.00 target price on the ride-sharing company’s stock.
Other equities research analysts have also issued reports about the company. UBS Group cut their price objective on Uber Technologies from $100.00 to $95.
00 and set a buy rating on the stock in a research report on Thursday, May 9th. Piper Sandler boosted their price objective on shares of Uber Technologies from $86.00 to $88.
00 and gave the company an overweight rating in a research report on Tuesday, June 25th. TD Cowen raised their target price on shares of Uber Technologies from $88.00 to $90.
00 and gave the stock a buy rating in a research report on Tuesday, July 23rd. Roth Mkm lifted their target price on shares of Uber Technologies from $89.00 to $90.
00 and gave the company a buy rating in a research note on Wednesday, August 7th. Finally, Morgan Stanley increased their price target on shares of Uber Technologies from $90.00 to $95.
00 and gave the stock an overweight rating in a research note on Tuesday, July 23rd. Four research analysts have rated the stock with a hold rating and thirty-one have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of Moderate Buy and a consensus price target of $87.
60. View Our Latest Research Report on UBER Uber Technologies Stock Down 2.3 % Uber Technologies ( NYSE:UBER – Get Free Report ) last released its quarterly earnings data on Tuesday, August 6th.
The ride-sharing company reported $0.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.31 by $0.
16. The firm had revenue of $10.70 billion for the quarter, compared to analysts’ expectations of $10.
57 billion. Uber Technologies had a net margin of 5.02% and a return on equity of 17.
06%. The company’s revenue for the quarter was up 15.9% compared to the same quarter last year.
During the same quarter in the previous year, the company earned $0.18 earnings per share. On average, equities research analysts expect that Uber Technologies will post 1.
05 earnings per share for the current year. Insider Buying and Selling In related news, CEO Dara Khosrowshahi sold 500,000 shares of the firm’s stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $71.
91, for a total transaction of $35,955,000.00. Following the completion of the sale, the chief executive officer now directly owns 1,266,114 shares of the company’s stock, valued at approximately $91,046,257.
74. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink . In other Uber Technologies news, CEO Dara Khosrowshahi sold 500,000 shares of the company’s stock in a transaction dated Monday, July 15th.
The shares were sold at an average price of $71.91, for a total value of $35,955,000.00.
Following the transaction, the chief executive officer now directly owns 1,266,114 shares in the company, valued at approximately $91,046,257.74. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink .
Also, insider Tony West sold 28,000 shares of the firm’s stock in a transaction on Thursday, June 13th. The stock was sold at an average price of $70.67, for a total value of $1,978,760.
00. Following the transaction, the insider now owns 96,945 shares in the company, valued at $6,851,103.15.
The disclosure for this sale can be found here . 3.84% of the stock is owned by corporate insiders.
Institutional Inflows and Outflows Several large investors have recently made changes to their positions in UBER. GHP Investment Advisors Inc. grew its position in shares of Uber Technologies by 222.
7% in the 2nd quarter. GHP Investment Advisors Inc. now owns 355 shares of the ride-sharing company’s stock worth $26,000 after buying an additional 245 shares during the last quarter.
Financial Management Professionals Inc. grew its holdings in Uber Technologies by 111.6% in the first quarter.
Financial Management Professionals Inc. now owns 383 shares of the ride-sharing company’s stock worth $29,000 after purchasing an additional 202 shares during the last quarter. WR Wealth Planners LLC increased its position in shares of Uber Technologies by 563.
9% during the second quarter. WR Wealth Planners LLC now owns 405 shares of the ride-sharing company’s stock worth $29,000 after purchasing an additional 344 shares in the last quarter. J.
Safra Asset Management Corp purchased a new stake in shares of Uber Technologies during the 1st quarter valued at $32,000. Finally, MCF Advisors LLC boosted its position in shares of Uber Technologies by 1,038.5% in the 2nd quarter.
MCF Advisors LLC now owns 444 shares of the ride-sharing company’s stock worth $32,000 after purchasing an additional 405 shares in the last quarter. 80.24% of the stock is owned by institutional investors.
Uber Technologies Company Profile ( Get Free Report ) 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.
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