JPMorgan Chase & Co. Has Lowered Expectations for Uber Technologies (NYSE:UBER) Stock Price

Uber Technologies (NYSE:UBER) had its price objective reduced by stock analysts at JPMorgan Chase & Co. from $95.00 to $90.00 in a research note issued on Thursday,Benzinga reports. The firm currently has an “overweight” rating on the ride-sharing company’s stock. JPMorgan Chase & Co.‘s price target would suggest a potential upside of 20.38% from the company’s previous close.

UBER has been the subject of a number of other research reports. Cantor Fitzgerald restated an “overweight” rating and issued a $80.00 price target on shares of Uber Technologies in a research note on Thursday. UBS Group decreased their target price on shares of Uber Technologies from $114.00 to $107.00 and set a “buy” rating on the stock in a research report on Monday, February 3rd. KeyCorp dropped their price target on shares of Uber Technologies from $90.00 to $85.00 and set an “overweight” rating for the company in a research report on Friday, November 1st. Bank of America increased their price target on Uber Technologies from $88.00 to $96.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. Finally, Benchmark reaffirmed a “hold” rating on shares of Uber Technologies in a report on Friday, January 31st. Seven investment analysts have rated the stock with a hold rating, thirty-one have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $90.19.

Uber Technologies Stock Up 6.8 %

Uber Technologies stock opened at $74.76 on Thursday. The company’s 50-day moving average price is $65.28 and its two-hundred day moving average price is $70.07. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.70. The stock has a market cap of $157.43 billion, a P/E ratio of 37.20, a P/E/G ratio of 0.77 and a beta of 1.39. Uber Technologies has a twelve month low of $54.84 and a twelve month high of $87.00.

Uber Technologies (NYSE:UBER) last released its quarterly earnings results on Wednesday, February 5th. The ride-sharing company reported $3.21 earnings per share for the quarter, topping the consensus estimate of $0.50 by $2.71. Uber Technologies had a return on equity of 33.46% and a net margin of 10.49%. As a group, analysts expect that Uber Technologies will post 1.89 EPS for the current year.

Insider Buying and Selling at Uber Technologies

In other news, insider Jill Hazelbaker sold 27,780 shares of the company’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $72.90, for a total value of $2,025,162.00. Following the sale, the insider now directly owns 107,289 shares of the company’s stock, valued at approximately $7,821,368.10. This represents a 20.57 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 3.80% of the company’s stock.

Hedge Funds Weigh In On Uber Technologies

A number of hedge funds have recently bought and sold shares of the company. Avion Wealth lifted its stake in shares of Uber Technologies by 96.0% in the 4th quarter. Avion Wealth now owns 445 shares of the ride-sharing company’s stock valued at $26,000 after purchasing an additional 218 shares during the period. GHP Investment Advisors Inc. increased its holdings in Uber Technologies by 85.1% in the fourth quarter. GHP Investment Advisors Inc. now owns 485 shares of the ride-sharing company’s stock worth $29,000 after purchasing an additional 223 shares in the last quarter. Kieckhefer Group LLC acquired a new position in Uber Technologies in the fourth quarter valued at approximately $33,000. Retirement Wealth Solutions LLC bought a new position in shares of Uber Technologies during the 4th quarter worth approximately $35,000. Finally, Financial Management Professionals Inc. grew its position in shares of Uber Technologies by 104.1% during the 3rd quarter. Financial Management Professionals Inc. now owns 494 shares of the ride-sharing company’s stock worth $37,000 after buying an additional 252 shares during the period. Institutional investors own 80.24% of the company’s stock.

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.