Uber Technologies (NYSE:UBER) Cut to Market Perform at JMP Securities

JMP Securities lowered shares of Uber Technologies (NYSE:UBER) from an outperform rating to a market perform rating in a report released on Thursday, MarketBeat Ratings reports. JMP Securities currently has $95.00 price target on the ride-sharing company’s stock.

Several other analysts have also recently weighed in on the company. UBS Group raised their price target on Uber Technologies from $102.00 to $114.00 and gave the company a “buy” rating in a report on Friday, October 18th. KeyCorp lowered their price objective on shares of Uber Technologies from $90.00 to $85.00 and set an “overweight” rating on the stock in a research report on Friday, November 1st. Cantor Fitzgerald reiterated an “overweight” rating and set a $90.00 price objective on shares of Uber Technologies in a research report on Wednesday, December 18th. Gordon Haskett raised shares of Uber Technologies from a “hold” rating to a “buy” rating and set a $85.00 target price on the stock in a report on Thursday, October 31st. Finally, Royal Bank of Canada upped their price target on shares of Uber Technologies from $80.00 to $82.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Seven analysts have rated the stock with a hold rating, thirty-one have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $91.53.

Uber Technologies Stock Performance

NYSE:UBER opened at $64.59 on Thursday. The business’s fifty day moving average is $67.98 and its 200 day moving average is $70.69. The firm has a market cap of $136.01 billion, a price-to-earnings ratio of 32.13, a PEG ratio of 0.75 and a beta of 1.33. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.41 and a current ratio of 1.41. Uber Technologies has a 52-week low of $54.84 and a 52-week high of $87.00.

Uber Technologies (NYSE:UBER) last issued its quarterly earnings data on Thursday, October 31st. The ride-sharing company reported $1.20 EPS for the quarter, beating 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 during the quarter, compared to analysts’ expectations of $10.99 billion. During the same quarter in the previous year, the company earned $0.10 earnings per share. Uber Technologies’s revenue for the quarter was up 20.4% on a year-over-year basis. Research analysts predict that Uber Technologies will post 1.89 EPS for the current year.

Insider Buying and Selling

In other news, insider Jill Hazelbaker sold 27,780 shares of Uber Technologies 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 completion of the transaction, the insider now owns 107,289 shares of the company’s stock, valued at $7,821,368.10. The trade was a 20.57 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 3.84% of the stock is owned by company insiders.

Institutional Trading of Uber Technologies

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Ameriprise Financial Inc. increased its holdings in shares of Uber Technologies by 36.5% in the 2nd quarter. Ameriprise Financial Inc. now owns 11,893,429 shares of the ride-sharing company’s stock worth $864,390,000 after purchasing an additional 3,179,308 shares in the last quarter. Edgewood Management LLC grew its holdings in shares of Uber Technologies by 10.5% in the third quarter. Edgewood Management LLC now owns 27,552,060 shares of the ride-sharing company’s stock worth $2,070,813,000 after acquiring an additional 2,627,768 shares during the period. AMF Tjanstepension AB bought a new position in Uber Technologies in the third quarter valued at about $163,468,000. Janus Henderson Group PLC grew its stake in shares of Uber Technologies by 18.3% during the 3rd quarter. Janus Henderson Group PLC now owns 13,286,812 shares of the ride-sharing company’s stock valued at $998,767,000 after purchasing an additional 2,056,273 shares during the period. Finally, Samlyn Capital LLC purchased a new position in shares of Uber Technologies in the second quarter worth approximately $134,987,000. 80.24% of the stock is currently owned by 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.