Shares of Uber Technologies, Inc. (NYSE:UBER – Get Rating) received a consensus rating of “Buy” from the 30 analysts who cover the company, Marketbeat reports. One investment analyst gave the stock a hold rating and twenty-seven issued a buy rating for the company. The average 1-year price target among brokerages that have reported on the stock in the past year is $63.11.
Several research companies have recently weighed in on UBER. Wedbush lowered its price target on Uber Technologies shares from $57.00 to $48.00 and set an “outperform” rating for the company in a Monday, Feb. 14 research note. Needham & Company LLC cut its price target on Uber Technologies shares from $75.00 to $68.00 and set a “buy” rating for the company in a Friday, Feb. 11 research note. Canaccord Genuity Group cut its price target on Uber Technologies shares from $75.00 to $65.00 and set a “buy” rating for the company in a Thursday, Feb. 10 research note . Deutsche Bank Aktiengesellschaft began covering Uber Technologies shares in a research note on Friday, March 11. They set a “buy” rating and a price target of $50.00 for the company. Finally, Bank of America raised its price target on Uber Technologies shares from $53.00 to $55.00 and gave the company a “buy” rating in a Thursday, Feb. 10 research note.
A number of hedge funds and other institutional investors have recently increased or reduced their stakes in UBER. Fisher Asset Management LLC acquired a new stake in Uber Technologies during the fourth quarter valued at approximately $635,212,000. Norges Bank purchased a new stake in Uber Technologies stock during the fourth quarter, valued at approximately $594,489,000. Flossbach Von Storch AG increased its position in Uber Technologies shares by 312.8% during the third quarter. Flossbach Von Storch AG now owns 12,766,046 shares of the rideshare company valued at $571,919,000 after purchasing an additional 9,673,391 shares during the period. Jennison Associates LLC increased its position in Uber Technologies shares by 23.6% during the fourth quarter. Jennison Associates LLC now owns 49,538,244 shares of the rideshare company valued at $2,077,139,000 after purchasing an additional 9,449,743 shares during the period. Finally, Viking Global Investors LP purchased a new equity stake in Uber Technologies during the third quarter worth approximately $286,355,000. 72.19% of the shares are currently held by institutional investors and hedge funds.
Shares of NYSE:UBER traded down $0.06 in Thursday’s midday session, hitting $31.99. The company had a trading volume of 32,603,210 shares, compared to an average volume of 32,852,809. The company has a fifty-day moving average price of $34.09 and a 200-day moving average price of 39. $46. The company has a market capitalization of $62.54 billion, a PE ratio of -99.91 and a beta of 1.31. The company has a debt ratio of 0.61, a current ratio of 0.98 and a quick ratio of 0.98. Uber Technologies has a 1-year low of $28.28 and a 1-year high of $61.50.
Uber Technologies Company Profile (Get an evaluation)
Uber Technologies, Inc develops and operates proprietary technology applications in the United States, Canada, Latin America, Europe, the Middle East, Africa and Asia-Pacific. It connects consumers with independent transportation service providers for ride-sharing services; and connects passengers and other consumers at restaurants, grocery stores and other stores with delivery service providers for meal preparation, groceries and other delivery services.
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