Today Reuters is reporting: "Dutch panel concludes Uber International's lobbying didn't influence taxes ..." For full coverage click here. Shares of the large-cap Technology company have not moved much on the news as of the morning trading session, and are currently trading at $26.7.
Uber Technologies, Inc. develops and operates proprietary technology applications in the United States, Canada, Latin America, Europe, the Middle East, Africa, and the Asia Pacific. The company belongs to the Technology sector, which has an average price to earnings (P/E) ratio of 26.5 and an average price to book (P/B) ratio of 5.57. In contrast, Uber Technologies has a trailing 12 month P/E ratio of -8.0 and a P/B ratio of 8.5.
Uber Technologies has moved -30.6% over the last year compared to -16.2% for the S&P 500 -- a difference of -14.5%. Uber Technologies has a 52 week high of $45.9 and a 52 week low of $19.89. At today's price of $26.7 per share, Uber Technologies is -42.06% away from its target price of $46.08, and on average, analysts give the stock a rating of buy. 2.4% of the company's shares are linked to short positions, and 73.8% of the shares are owned by institutional investors.
