Uber Technologies (NYSE:UBER) Given New $105.00 Price Target at JPMorgan Chase & Co.

Uber Technologies (NYSE:UBER) had its price objective increased by investment analysts at JPMorgan Chase & Co. from $92.00 to $105.00 in a report issued on Tuesday,Benzinga reports. The brokerage currently has an “overweight” rating on the ride-sharing company’s stock. JPMorgan Chase & Co.‘s price target points to a potential upside of 18.57% from the stock’s previous close.

A number of other research analysts also recently weighed in on UBER. Citigroup increased their price target on Uber Technologies from $92.00 to $102.00 and gave the company a “buy” rating in a research note on Thursday, May 8th. Evercore ISI cut their target price on Uber Technologies from $120.00 to $115.00 and set an “outperform” rating on the stock in a research note on Thursday, February 6th. TD Cowen reduced their target price on Uber Technologies from $90.00 to $88.00 and set a “buy” rating on the stock in a report on Tuesday, April 8th. Wedbush lowered Uber Technologies from an “outperform” rating to a “neutral” rating and boosted their target price for the stock from $80.00 to $85.00 in a research report on Thursday, May 8th. Finally, KGI Securities reiterated a “neutral” rating and issued a $78.00 price target on shares of Uber Technologies in a research report on Tuesday, March 11th. Eleven research analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $93.69.

Uber Technologies Stock Performance

Uber Technologies stock opened at $88.56 on Tuesday. The company has a market cap of $185.18 billion, a PE ratio of 19.42, a PEG ratio of 0.89 and a beta of 1.43. The company has a current ratio of 1.07, a quick ratio of 1.41 and a debt-to-equity ratio of 0.37. Uber Technologies has a 1 year low of $54.84 and a 1 year high of $93.60. The company’s 50-day moving average is $77.54 and its two-hundred day moving average is $72.32.

Uber Technologies (NYSE:UBER) last announced its quarterly earnings data on Wednesday, May 7th. The ride-sharing company reported $0.83 earnings per share for the quarter, beating the consensus estimate of $0.50 by $0.33. Uber Technologies had a net margin of 22.41% and a return on equity of 62.60%. The business had revenue of $11.53 billion for the quarter, compared to analyst estimates of $11.61 billion. During the same period in the prior year, the business posted ($0.32) earnings per share. Uber Technologies’s revenue was up 13.8% compared to the same quarter last year. Equities analysts anticipate that Uber Technologies will post 2.54 earnings per share for the current year.

Insider Buying and Selling at Uber Technologies

In other Uber Technologies news, insider Jill Hazelbaker sold 34,884 shares of Uber Technologies stock in a transaction on Monday, May 12th. The shares were sold at an average price of $86.03, for a total value of $3,001,070.52. Following the sale, the insider now directly owns 102,135 shares in the company, valued at approximately $8,786,674.05. The trade was a 25.46% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Tony West sold 23,404 shares of the business’s stock in a transaction dated Thursday, March 13th. The stock was sold at an average price of $70.27, for a total transaction of $1,644,599.08. Following the sale, the insider now directly owns 114,241 shares in the company, valued at $8,027,715.07. This trade represents a 17.00% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 83,788 shares of company stock valued at $6,517,070 in the last 90 days. 3.84% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Uber Technologies

Large investors have recently modified their holdings of the business. Avion Wealth grew its stake in Uber Technologies by 96.0% in the fourth quarter. Avion Wealth now owns 445 shares of the ride-sharing company’s stock valued at $26,000 after purchasing an additional 218 shares in the last quarter. Transce3nd LLC bought a new stake in shares of Uber Technologies during the 4th quarter worth approximately $27,000. Fourth Dimension Wealth LLC acquired a new stake in shares of Uber Technologies in the 4th quarter valued at approximately $27,000. Kozak & Associates Inc. grew its stake in shares of Uber Technologies by 155.9% in the first quarter. Kozak & Associates Inc. now owns 366 shares of the ride-sharing company’s stock valued at $27,000 after buying an additional 223 shares in the last quarter. Finally, Noble Wealth Management PBC bought a new position in shares of Uber Technologies in the first quarter valued at $27,000. 80.24% of the stock is currently owned by institutional investors and hedge funds.

Uber Technologies Company Profile

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.