Uber Technologies (NYSE:UBER) Rating Reiterated by Oppenheimer

Oppenheimer restated their outperform rating on shares of Uber Technologies (NYSE:UBER - Free Report) in a research note released on Monday, Benzinga reports. Oppenheimer currently has a $90.00 price objective on the ride-sharing company's stock.

Other equities analysts have also issued research reports about the company. BTIG Research lifted their price target 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 report on Wednesday, February 7th. JPMorgan Chase & Co. boosted their price objective on Uber Technologies from $84.00 to $95.00 and gave the stock an overweight rating in a research report on Thursday, February 15th. Mizuho boosted 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. Finally, Needham & Company LLC restated a buy rating and set a $90.00 price objective on shares of Uber Technologies in a research report on Friday, April 5th. Two equities research analysts have rated the stock with a hold rating and twenty-nine have given a buy rating to the company. Based on data from MarketBeat.com, Uber Technologies has an average rating of Moderate Buy and an average target price of $79.39.

Uber Technologies Price Performance

Uber Technologies stock traded down $1.64 during mid-day trading on Monday, reaching $67.41. 21,117,097 shares of the company were exchanged, compared to its average volume of 19,728,219. The company has a fifty day simple moving average of $76.30 and a 200-day simple moving average of $64.60. Uber Technologies has a 12 month low of $31.76 and a 12 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 firm has a market cap of $140.31 billion, a PE ratio of 79.49, a PEG ratio of 1.09 and a beta of 1.36.

Uber Technologies (NYSE:UBER - Get Free Report) last issued its quarterly 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 company had revenue of $9.94 billion for the quarter, compared to analyst estimates of $9.76 billion. During the same quarter last year, the company posted $0.29 EPS. The company's revenue for the quarter was up 15.4% compared to the same quarter last year. As a group, equities research analysts expect that Uber Technologies will post 1.22 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Uber Technologies 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 transaction of $1,556,600.00. Following the completion of the sale, the insider now directly owns 107,290 shares of the company's stock, valued at approximately $8,350,380.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, insider Jill Hazelbaker sold 20,000 shares of the company'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 transaction, the insider now 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 is available through the SEC website. Also, insider Tony West sold 18,750 shares of the company's stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $70.08, for a total value of $1,314,000.00. Following the completion of the transaction, the insider now owns 185,566 shares in the company, valued at approximately $13,004,465.28. The disclosure for this sale can be found here. 3.80% of the stock is owned by company insiders.

Institutional Investors Weigh In On Uber Technologies

Several hedge funds have recently added to or reduced their stakes in the company. Financial Management Professionals Inc. raised its holdings in Uber Technologies by 111.6% in the first quarter. Financial Management Professionals Inc. now owns 383 shares of the ride-sharing company's stock worth $29,000 after purchasing an additional 202 shares in the last quarter. YHB Investment Advisors Inc. purchased a new position in Uber Technologies in the first quarter worth about $37,000. CVA Family Office LLC purchased a new position in Uber Technologies in the fourth quarter worth about $30,000. Highlander Capital Management LLC raised its stake in shares of Uber Technologies by 100.0% in the fourth quarter. Highlander Capital Management LLC now owns 500 shares of the ride-sharing company's stock worth $31,000 after buying an additional 250 shares during the period. Finally, Bfsg LLC bought a new position in shares of Uber Technologies in the fourth quarter worth about $31,000. Institutional investors 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.