Uber Technologies (NYSE:UBER) Given “Market Outperform” Rating at JMP Securities

Uber Technologies (NYSE:UBER)‘s stock had its “market outperform” rating restated by analysts at JMP Securities in a research report issued to clients and investors on Thursday, Benzinga reports. They presently have a $85.00 price target on the ride-sharing company’s stock. JMP Securities’ price objective indicates a potential upside of 9.86% from the company’s current price.

A number of other research firms have also issued reports on UBER. BTIG Research boosted their price objective on Uber Technologies from $80.00 to $90.00 and gave the company a “buy” rating in a research note on Thursday, February 22nd. TheStreet upgraded Uber Technologies from a “c” rating to a “b-” rating in a research note on Wednesday, February 7th. Oppenheimer upped their target price on Uber Technologies from $65.00 to $75.00 and gave the stock an “outperform” rating in a research note on Monday, December 4th. Argus upped their target price on Uber Technologies from $69.00 to $95.00 and gave the stock a “buy” rating in a research note on Monday, March 4th. Finally, Piper Sandler upped their target price on Uber Technologies from $78.00 to $92.00 and gave the stock an “overweight” rating in a research note on Friday, March 15th. Two investment analysts have rated the stock with a hold rating and twenty-eight have assigned a buy rating to the company. According to data from MarketBeat.com, Uber Technologies presently has a consensus rating of “Moderate Buy” and a consensus target price of $75.41.

Uber Technologies Stock Down 0.9 %

Shares of NYSE UBER traded down $0.74 during midday trading on Thursday, hitting $77.37. 3,243,966 shares of the stock traded hands, compared to its average volume of 20,121,666. The company has a market cap of $160.66 billion, a PE ratio of 89.99, a P/E/G ratio of 1.26 and a beta of 1.37. Uber Technologies has a one year low of $29.22 and a one year high of $82.14. The business has a 50 day moving average price of $74.26 and a two-hundred day moving average price of $60.24. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.19 and a current ratio of 1.19.

Uber Technologies (NYSE:UBER) last announced its quarterly earnings results on Wednesday, February 7th. The ride-sharing company reported $0.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.50. Uber Technologies had a return on equity of 18.95% and a net margin of 5.06%. The business had revenue of $9.94 billion during the quarter, compared to the consensus estimate of $9.76 billion. During the same quarter in the prior year, the company posted $0.29 earnings per share. Uber Technologies’s revenue was up 15.4% compared to the same quarter last year. On average, equities analysts predict that Uber Technologies will post 1.19 EPS for the current year.

Insider Activity

In related news, insider Jill Hazelbaker sold 20,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 14th. The stock was sold at an average price of $77.83, for a total value of $1,556,600.00. Following the completion of the sale, the insider now owns 107,290 shares in the company, valued at $8,350,380.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Uber Technologies news, insider Tony West sold 18,750 shares of the company’s stock in a transaction on Monday, February 12th. The stock was sold at an average price of $70.08, for a total transaction of $1,314,000.00. Following the completion of the sale, the insider now owns 185,566 shares in the company, valued at $13,004,465.28. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Jill Hazelbaker sold 20,000 shares of the company’s stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $77.83, for a total value of $1,556,600.00. Following the sale, the insider now owns 107,290 shares of the company’s stock, valued at approximately $8,350,380.70. The disclosure for this sale can be found here. Insiders own 3.84% of the company’s stock.

Hedge Funds Weigh In On Uber Technologies

Large investors have recently made changes to their positions in the business. Treasurer of the State of North Carolina increased its position in shares of Uber Technologies by 0.4% in the 3rd quarter. Treasurer of the State of North Carolina now owns 877,589 shares of the ride-sharing company’s stock valued at $40,360,000 after acquiring an additional 3,530 shares during the period. Compagnie Lombard Odier SCmA increased its position in shares of Uber Technologies by 73.0% in the 4th quarter. Compagnie Lombard Odier SCmA now owns 33,535 shares of the ride-sharing company’s stock valued at $2,065,000 after acquiring an additional 14,153 shares during the period. NewEdge Wealth LLC increased its position in shares of Uber Technologies by 6.8% in the 3rd quarter. NewEdge Wealth LLC now owns 329,341 shares of the ride-sharing company’s stock valued at $15,146,000 after acquiring an additional 21,042 shares during the period. Greycroft LP acquired a new stake in Uber Technologies during the 3rd quarter worth about $483,000. Finally, Chilton Investment Co. Inc. acquired a new stake in Uber Technologies during the 2nd quarter worth about $209,000. 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.