Uber Technologies (NYSE:UBER) Price Target Raised to $44.00 at Deutsche Bank Aktiengesellschaft

Uber Technologies (NYSE:UBER – Get Rating) had its price objective upped by Deutsche Bank Aktiengesellschaft from $42.00 to $44.00 in a research note published on Wednesday, The Fly reports. They currently have a buy rating on the ride-sharing company’s stock.

UBER has been the subject of a number of other research reports. Needham & Company LLC reissued a buy rating and set a $54.00 target price on shares of Uber Technologies in a research report on Monday, February 6th. JMP Securities reaffirmed a market outperform rating and issued a $55.00 target price on shares of Uber Technologies in a report on Friday, March 10th. Oppenheimer lifted their price target on Uber Technologies from $45.00 to $55.00 and gave the stock an outperform rating in a research report on Thursday, February 9th. UBS Group increased their price objective on Uber Technologies from $38.00 to $48.00 and gave the company a buy rating in a research report on Thursday, February 9th. Finally, Citigroup boosted their target price on shares of Uber Technologies from $48.00 to $55.00 and gave the stock a buy rating in a research report on Thursday, February 9th. Two research analysts have rated the stock with a hold rating and twenty-seven have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of Moderate Buy and a consensus target price of $47.19.

Uber Technologies Trading Down 2.9 %

Uber Technologies stock opened at $31.78 on Wednesday. Uber Technologies has a one year low of $19.90 and a one year high of $37.58. The company’s fifty day moving average price is $32.30 and its two-hundred day moving average price is $29.40. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.04 and a quick ratio of 1.04. The company has a market capitalization of $63.87 billion, a price-to-earnings ratio of -6.78 and a beta of 1.22.

Uber Technologies (NYSE:UBER – Get Rating) last issued its quarterly earnings data on Wednesday, February 8th. The ride-sharing company reported $0.29 EPS for the quarter, beating analysts’ consensus estimates of ($0.21) by $0.50. The business had revenue of $8.61 billion for the quarter, compared to analyst estimates of $8.51 billion. Uber Technologies had a negative return on equity of 114.18% and a negative net margin of 28.68%. The firm’s revenue for the quarter was up 49.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.44 EPS. On average, analysts forecast that Uber Technologies will post -0.26 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Uber Technologies news, insider Tony West sold 4,167 shares of Uber Technologies stock in a transaction on Wednesday, March 15th. The stock was sold at an average price of $32.00, for a total value of $133,344.00. Following the completion of the transaction, the insider now owns 166,499 shares in the company, valued at approximately $5,327,968. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 4.06% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Uber Technologies

Several hedge funds and other institutional investors have recently added to or reduced their stakes in UBER. CIBC Asset Management Inc increased its holdings in shares of Uber Technologies by 3.9% in the third quarter. CIBC Asset Management Inc now owns 86,892 shares of the ride-sharing company’s stock valued at $2,303,000 after purchasing an additional 3,300 shares in the last quarter. AXA S.A. bought a new stake in shares of Uber Technologies during the third quarter worth $218,000. Signaturefd LLC lifted its stake in shares of Uber Technologies by 66.0% during the third quarter. Signaturefd LLC now owns 19,134 shares of the ride-sharing company’s stock valued at $507,000 after acquiring an additional 7,606 shares during the period. Orion Portfolio Solutions LLC bought a new position in Uber Technologies in the third quarter valued at about $277,000. Finally, Cetera Advisor Networks LLC increased its position in Uber Technologies by 11.3% in the second quarter. Cetera Advisor Networks LLC now owns 115,843 shares of the ride-sharing company’s stock worth $2,370,000 after purchasing an additional 11,747 shares during the period. Institutional investors and hedge funds own 71.83% of the company’s stock.

About Uber Technologies

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Uber Technologies, Inc operates as a technology platform for people and things mobility. The firm offers ride services and merchants delivery service providers for meal preparation, grocery and other delivery services. It operates through the following segments: Mobility, Delivery and Freight. The Mobility segment refers to products that connect consumers with Mobility Drivers who provide rides in a variety of vehicles, such as cars, auto rickshaws, motorbikes, minibuses, or taxis.