JMP Securities Reiterates "Market Outperform" Rating for Uber Technologies (NYSE:UBER)

JMP Securities reissued their market outperform rating on shares of Uber Technologies (NYSE:UBER - Free Report) in a report issued on Thursday morning, Benzinga reports. JMP Securities currently has a $85.00 target price on the ride-sharing company's stock.

A number of other analysts also recently issued reports on the company. Argus lifted their price target on Uber Technologies from $69.00 to $95.00 and gave the stock a buy rating in a report on Monday, March 4th. UBS Group lifted their target price on Uber Technologies from $94.00 to $96.00 and gave the stock a buy rating in a research report on Thursday, February 15th. BMO Capital Markets lifted their target price on Uber Technologies from $82.00 to $92.00 and gave the stock an outperform rating in a research report on Thursday, February 15th. Mizuho lifted their target price on Uber Technologies from $77.00 to $83.00 and gave the stock a buy rating in a research report on Thursday, February 8th. Finally, TheStreet upgraded Uber Technologies from a c rating to a b- rating in a research report on Wednesday, February 7th. Two equities research analysts have rated the stock with a hold rating and twenty-eight have given a buy rating to the stock. Based on data from MarketBeat.com, Uber Technologies currently has an average rating of Moderate Buy and an average price target of $75.41.

Uber Technologies Price Performance

Shares of NYSE:UBER traded down $1.14 during midday trading on Thursday, hitting $76.97. The company had a trading volume of 13,416,887 shares, compared to its average volume of 20,295,779. Uber Technologies has a twelve month low of $29.22 and a twelve month high of $82.14. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.19 and a quick ratio of 1.19. The stock has a market cap of $159.83 billion, a price-to-earnings ratio of 89.50, a price-to-earnings-growth ratio of 1.26 and a beta of 1.37. The business's 50-day simple moving average is $74.50 and its 200-day simple moving average is $60.36.

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

Insider Activity at Uber Technologies

In other Uber Technologies news, insider Jill Hazelbaker sold 20,000 shares of the business'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 completion of the transaction, the insider now directly owns 107,290 shares in the company, valued at approximately $8,350,380.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other 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 directly owns 185,566 shares in the company, valued at approximately $13,004,465.28. The transaction was disclosed in a legal filing with the SEC, which is available at 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 $8,350,380.70. The disclosure for this sale can be found here. 3.84% of the stock is owned by corporate insiders.

Institutional Trading of Uber Technologies

Several large investors have recently added to or reduced their stakes in UBER. Vanguard Group Inc. increased its holdings 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 purchasing an additional 43,275,830 shares in the last quarter. Norges Bank purchased a new position in Uber Technologies in the 4th quarter valued at about $580,568,000. Altimeter Capital Management LP boosted its position in Uber Technologies by 167.5% in the 1st 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 buying an additional 19,260,000 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its position in 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 valued at $1,627,264,000 after buying an additional 15,766,355 shares during the last quarter. Finally, Brown Advisory Inc. boosted its position in Uber Technologies by 1,108.6% in the 3rd quarter. Brown Advisory Inc. now owns 15,683,867 shares of the ride-sharing company's stock valued at $721,301,000 after buying an additional 14,386,205 shares during the last quarter. 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.