Uber Technologies (NYSE:UBER) PT Raised to $84.00 at JPMorgan Chase & Co.

Uber Technologies (NYSE:UBERGet Free Report) had its price target upped by JPMorgan Chase & Co. from $76.00 to $84.00 in a report released on Thursday, Benzinga reports. The brokerage presently has an “overweight” rating on the ride-sharing company’s stock. JPMorgan Chase & Co.‘s target price would indicate a potential upside of 18.46% from the company’s previous close.

Several other brokerages have also issued reports on UBER. JMP Securities boosted their target price on Uber Technologies from $62.00 to $75.00 and gave the company a “market outperform” rating in a research report on Tuesday. Wedbush reiterated an “outperform” rating and issued a $57.00 price target (up previously from $55.00) on shares of Uber Technologies in a report on Tuesday, November 7th. KeyCorp boosted their price target on Uber Technologies from $70.00 to $79.00 and gave the company an “overweight” rating in a report on Tuesday. Nomura lowered Uber Technologies from a “buy” rating to a “neutral” rating and boosted their price target for the company from $59.00 to $62.00 in a report on Friday, December 29th. Finally, Gordon Haskett lowered Uber Technologies from a “buy” rating to a “hold” rating and set a $66.00 price target for the company. in a report on Wednesday, January 24th. Two investment analysts have rated the stock with a hold rating and twenty-six have assigned a buy rating to the company. According to data from MarketBeat.com, Uber Technologies has a consensus rating of “Moderate Buy” and an average price target of $68.06.

Check Out Our Latest Analysis on UBER

Uber Technologies Stock Down 1.0 %

Shares of NYSE:UBER opened at $70.91 on Thursday. Uber Technologies has a 1 year low of $29.22 and a 1 year high of $73.05. The business has a 50 day simple moving average of $62.98 and a two-hundred day simple moving average of $52.59. The firm has a market capitalization of $145.92 billion, a PE ratio of 82.45 and a beta of 1.33. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.19 and a quick ratio of 1.14.

Uber Technologies (NYSE:UBERGet Free Report) last announced its earnings results on Wednesday, February 7th. The ride-sharing company reported $0.66 earnings per share (EPS) for the quarter, beating 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 analyst estimates of $9.76 billion. During the same quarter in the previous year, the business earned $0.29 earnings per share. The company’s revenue for the quarter was up 15.4% compared to the same quarter last year. On average, equities analysts predict that Uber Technologies will post 1.05 EPS for the current year.

Insider Transactions at Uber Technologies

In other news, CEO Dara Khosrowshahi sold 100,000 shares of the company’s stock in a transaction on Tuesday, November 14th. The stock was sold at an average price of $52.84, for a total transaction of $5,284,000.00. Following the transaction, the chief executive officer now directly owns 1,016,243 shares of the company’s stock, valued at $53,698,280.12. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, insider Jill Hazelbaker sold 18,850 shares of the company’s stock in a transaction on Tuesday, November 14th. The stock was sold at an average price of $53.01, for a total value of $999,238.50. Following the transaction, the insider now directly owns 109,009 shares of the company’s stock, valued at approximately $5,778,567.09. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Dara Khosrowshahi sold 100,000 shares of the company’s stock in a transaction on Tuesday, November 14th. The shares were sold at an average price of $52.84, for a total value of $5,284,000.00. Following the completion of the transaction, the chief executive officer now directly owns 1,016,243 shares in the company, valued at $53,698,280.12. 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

Hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in Uber Technologies by 1.7% in the third quarter. Vanguard Group Inc. now owns 124,353,537 shares of the ride-sharing company’s stock valued at $5,719,019,000 after purchasing an additional 2,067,098 shares during the last quarter. Capital World Investors boosted its holdings in Uber Technologies by 0.5% in the second quarter. Capital World Investors now owns 44,391,153 shares of the ride-sharing company’s stock valued at $1,916,366,000 after purchasing an additional 200,322 shares during the last quarter. Altimeter Capital Management LP boosted its holdings in Uber Technologies by 167.5% in the first quarter. Altimeter Capital Management LP now owns 30,760,000 shares of the ride-sharing company’s stock valued at $1,193,422,000 after purchasing an additional 19,260,000 shares during the last quarter. Norges Bank purchased a new stake in Uber Technologies in the fourth quarter valued at $580,568,000. Finally, Geode Capital Management LLC boosted its holdings in Uber Technologies by 4.0% in the second quarter. Geode Capital Management LLC now owns 21,408,425 shares of the ride-sharing company’s stock valued at $922,305,000 after purchasing an additional 823,359 shares during the last quarter. 74.07% of the stock is owned by institutional investors and hedge funds.

Uber Technologies Company Profile

(Get Free Report)

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.

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