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

JMP Securities reaffirmed their market outperform rating on shares of Uber Technologies (NYSE:UBER) in a research report sent to investors on Thursday, Benzinga reports. They currently have a $85.00 price target on the ride-sharing company’s stock.

UBER has been the topic of several other research reports. Piper Sandler lifted their target price on shares of Uber Technologies from $78.00 to $92.00 and gave the company an overweight rating in a research report on Friday, March 15th. Susquehanna upped their target price on shares of Uber Technologies from $60.00 to $85.00 and gave the stock a positive rating in a report on Thursday, February 8th. Oppenheimer boosted their price target on shares of Uber Technologies from $65.00 to $75.00 and gave the stock an outperform rating in a research report on Monday, December 4th. JPMorgan Chase & Co. upped their price target on Uber Technologies from $84.00 to $95.00 and gave the company an overweight rating in a research report on Thursday, February 15th. Finally, Mizuho lifted their price objective on Uber Technologies from $77.00 to $83.00 and gave the stock a buy rating in a research report on Thursday, February 8th. Two analysts have rated the stock with a hold rating and twenty-eight have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of Moderate Buy and an average price target of $75.41.

Uber Technologies Price Performance

Shares of NYSE UBER opened at $76.97 on Thursday. The firm has a market cap of $160.20 billion, a P/E ratio of 89.50, a P/E/G ratio of 1.27 and a beta of 1.37. Uber Technologies has a 52 week low of $29.22 and a 52 week high of $82.14. The business’s 50 day moving average price is $74.50 and its 200 day moving average price is $60.36. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.79.

Uber Technologies (NYSE:UBER) last released its quarterly earnings data on Wednesday, February 7th. The ride-sharing company reported $0.66 earnings per share for the quarter, beating analysts’ consensus estimates 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 last year, the business posted $0.29 EPS. The company’s revenue was up 15.4% on a year-over-year basis. On average, sell-side analysts expect that Uber Technologies will post 1.19 earnings per share for the current year.

Insider Activity at Uber Technologies

In other news, insider Jill Hazelbaker sold 20,000 shares of Uber Technologies stock in a transaction dated Wednesday, February 14th. The shares were 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 $8,350,380.70. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, insider Jill Hazelbaker sold 20,000 shares of Uber Technologies 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 sale, the insider now directly owns 107,290 shares in the company, valued at $8,350,380.70. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, 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 value of $1,314,000.00. Following the transaction, the insider now directly owns 185,566 shares in the company, valued at approximately $13,004,465.28. The disclosure for this sale can be found here. 3.84% of the stock is currently owned by insiders.

Institutional Trading of Uber Technologies

Large investors have recently bought and sold shares of the company. Vanguard Group Inc. grew its stake in Uber Technologies by 34.8% in the 4th quarter. Vanguard Group Inc. now owns 167,629,367 shares of the ride-sharing company’s stock valued at $10,320,940,000 after acquiring an additional 43,275,830 shares during the last quarter. Capital World Investors increased its position in Uber Technologies by 0.7% during the fourth quarter. Capital World Investors now owns 40,610,127 shares of the ride-sharing company’s stock worth $2,500,366,000 after buying an additional 283,802 shares in the last quarter. Capital Research Global Investors grew its stake in Uber Technologies by 28.4% in the 4th quarter. Capital Research Global Investors now owns 36,928,116 shares of the ride-sharing company’s stock worth $2,273,669,000 after acquiring an additional 8,164,816 shares during the period. Altimeter Capital Management LP grew its position in shares of 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 period. Finally, Price T Rowe Associates Inc. MD raised its holdings in shares of Uber Technologies by 147.9% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 26,429,473 shares of the ride-sharing company’s stock worth $1,627,264,000 after purchasing an additional 15,766,355 shares during the period. Institutional investors and hedge funds own 80.24% of the company’s stock.

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.