Uber Technologies (NYSE:UBER) Receives “Market Perform” Rating from JMP Securities

Uber Technologies (NYSE:UBER)‘s stock had its “market perform” rating restated by stock analysts at JMP Securities in a report issued on Friday,Benzinga reports.

A number of other research firms also recently issued reports on UBER. Evercore ISI increased their price objective on shares of Uber Technologies from $90.00 to $120.00 and gave the company an “outperform” rating in a research note on Thursday, October 31st. Wells Fargo & Company cut their price target on Uber Technologies from $97.00 to $90.00 and set an “overweight” rating on the stock in a report on Friday, November 1st. Daiwa America cut Uber Technologies from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 17th. Gordon Haskett raised Uber Technologies from a “hold” rating to a “buy” rating and set a $85.00 price objective on the stock in a research report on Thursday, October 31st. Finally, Benchmark reiterated a “hold” rating on shares of Uber Technologies in a report on Friday. Seven research analysts have rated the stock with a hold rating, thirty-one have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $91.08.

Uber Technologies Stock Up 1.0 %

NYSE UBER traded up $0.68 on Friday, reaching $67.27. 7,729,412 shares of the stock traded hands, compared to its average volume of 24,601,361. Uber Technologies has a 12 month low of $54.84 and a 12 month high of $87.00. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.41 and a current ratio of 1.41. The company has a fifty day moving average price of $65.71 and a 200-day moving average price of $70.14. The company has a market cap of $141.65 billion, a price-to-earnings ratio of 33.48, a PEG ratio of 0.77 and a beta of 1.36.

Uber Technologies (NYSE:UBER) last issued its earnings results on Thursday, October 31st. The ride-sharing company reported $1.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.41 by $0.79. Uber Technologies had a net margin of 10.49% and a return on equity of 33.46%. The company had revenue of $11.19 billion for the quarter, compared to analysts’ expectations of $10.99 billion. During the same period in the prior year, the business earned $0.10 EPS. The firm’s quarterly revenue was up 20.4% on a year-over-year basis. As a group, research analysts forecast that Uber Technologies will post 1.85 EPS for the current fiscal year.

Insider Activity at Uber Technologies

In other Uber Technologies news, insider Jill Hazelbaker sold 27,780 shares of the stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $72.90, for a total value of $2,025,162.00. Following the sale, the insider now owns 107,289 shares of the company’s stock, valued at $7,821,368.10. This trade represents a 20.57 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 3.84% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of UBER. Ascent Wealth Partners LLC acquired a new position in Uber Technologies during the third quarter worth approximately $2,087,000. Teachers Retirement System of The State of Kentucky raised its holdings in shares of Uber Technologies by 4.4% in the third quarter. Teachers Retirement System of The State of Kentucky now owns 321,726 shares of the ride-sharing company’s stock worth $24,180,000 after acquiring an additional 13,433 shares during the last quarter. Aviso Wealth Management purchased a new stake in Uber Technologies in the 3rd quarter worth approximately $2,302,000. Polianta Ltd purchased a new position in Uber Technologies during the fourth quarter worth about $1,206,000. Finally, Brophy Wealth Management LLC acquired a new position in Uber Technologies during the third quarter worth approximately $1,041,000. 80.24% of the stock is owned by hedge funds and other institutional investors.

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.