Uber Technologies (NYSE:UBER) Given New $80.00 Price Target at Piper Sandler

Uber Technologies (NYSE:UBER) had its price objective decreased by Piper Sandler from $82.00 to $80.00 in a report published on Thursday morning,Benzinga reports. Piper Sandler currently has an overweight rating on the ride-sharing company’s stock.

A number of other equities research analysts have also recently commented on UBER. Royal Bank of Canada increased their target price on Uber Technologies from $80.00 to $82.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Needham & Company LLC reaffirmed a “buy” rating and set a $90.00 price objective on shares of Uber Technologies in a research note on Wednesday. Bank of America lifted their price objective on Uber Technologies from $88.00 to $96.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. Tigress Financial upped their target price on shares of Uber Technologies from $96.00 to $103.00 and gave the company a “buy” rating in a report on Monday, November 25th. Finally, JMP Securities reiterated a “market perform” rating on shares of Uber Technologies in a report on Friday, January 31st. Seven research analysts have rated the stock with a hold rating, thirty-one have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $90.19.

Uber Technologies Price Performance

Uber Technologies stock opened at $70.04 on Thursday. The firm has a market capitalization of $147.47 billion, a PE ratio of 34.84, a P/E/G ratio of 0.77 and a beta of 1.39. Uber Technologies has a 52 week low of $54.84 and a 52 week high of $87.00. The firm’s 50-day simple moving average is $65.31 and its 200 day simple moving average is $70.07. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.70.

Uber Technologies (NYSE:UBER) last announced its quarterly earnings results on Wednesday, February 5th. The ride-sharing company reported $3.21 earnings per share (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, equities research analysts predict that Uber Technologies will post 1.89 EPS for the current fiscal year.

Insider Activity at Uber Technologies

In related news, insider Jill Hazelbaker sold 27,780 shares of Uber Technologies stock in a transaction on Monday, November 25th. The shares were sold at an average price of $72.90, for a total value of $2,025,162.00. Following the completion of the sale, the insider now owns 107,289 shares in the company, valued at approximately $7,821,368.10. The trade was a 20.57 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 3.80% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in UBER. AMF Tjanstepension AB acquired a new stake in shares of Uber Technologies in the 3rd quarter valued at about $163,468,000. Mather Group LLC. increased its holdings in 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 buying an additional 2,956 shares during the last quarter. Dynamic Advisor Solutions LLC raised its stake 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 valued at $1,116,000 after buying an additional 764 shares in the last quarter. Artemis Investment Management LLP lifted its holdings in Uber Technologies by 58.4% during the 3rd quarter. Artemis Investment Management LLP now owns 107,492 shares of the ride-sharing company’s stock worth $8,079,000 after buying an additional 39,619 shares during the last quarter. Finally, Sovereign Financial Group Inc. grew its position in shares of 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 worth $249,000 after acquiring an additional 372 shares in the last quarter. 80.24% of the stock is owned by institutional investors and hedge funds.

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.