Uber Technologies (NYSE:UBER) Receives Outperform Rating from Oppenheimer

Oppenheimer reissued their outperform rating on shares of Uber Technologies (NYSE:UBER) in a research note released on Monday morning, Benzinga reports. They currently have a $90.00 target price on the ride-sharing company’s stock.

Several other analysts have also commented on the company. JPMorgan Chase & Co. boosted their price target on Uber Technologies from $84.00 to $95.00 and gave the company an overweight rating in a research note on Thursday, February 15th. Susquehanna upped their target price on shares of Uber Technologies from $60.00 to $85.00 and gave the stock a positive rating in a report on Thursday, February 8th. Royal Bank of Canada reissued an outperform rating and set a $85.00 price target on shares of Uber Technologies in a report on Thursday, February 15th. Wells Fargo & Company upped their price objective on shares of Uber Technologies from $90.00 to $95.00 and gave the stock an overweight rating in a research note on Monday, April 8th. Finally, Truist Financial lifted their target price on shares of Uber Technologies from $90.00 to $94.00 and gave the company a buy rating in a research note on Wednesday, March 27th. Two research analysts have rated the stock with a hold rating and twenty-nine have issued a buy rating to the company’s stock. According to MarketBeat.com, Uber Technologies has an average rating of Moderate Buy and a consensus price target of $79.39.

Uber Technologies Price Performance

NYSE:UBER opened at $67.41 on Monday. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.19 and a current ratio of 1.19. The company has a 50-day moving average of $76.08 and a 200-day moving average of $64.75. Uber Technologies has a 52 week low of $31.76 and a 52 week high of $82.14. The company has a market capitalization of $140.31 billion, a price-to-earnings ratio of 78.38, a PEG ratio of 1.09 and a beta of 1.36.

Uber Technologies (NYSE:UBER) last posted its quarterly earnings results on Wednesday, February 7th. The ride-sharing company reported $0.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.50. The firm had revenue of $9.94 billion during the quarter, compared to analyst estimates of $9.76 billion. Uber Technologies had a net margin of 5.06% and a return on equity of 18.95%. The company’s quarterly revenue was up 15.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.29 earnings per share. As a group, equities research analysts anticipate that Uber Technologies will post 1.22 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, insider Jill Hazelbaker sold 20,000 shares of the business’s stock in a transaction on Wednesday, February 14th. The shares were 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 owns 107,290 shares of the company’s stock, valued at approximately $8,350,380.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, insider Tony West sold 18,750 shares of the stock in a transaction that occurred 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 of the company’s stock, valued at approximately $13,004,465.28. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Jill Hazelbaker sold 20,000 shares of Uber Technologies stock in a transaction that occurred on Wednesday, February 14th. The shares were sold at an average price of $77.83, for a total transaction 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 disclosure for this sale can be found here. Company insiders own 3.80% of the company’s stock.

Institutional Investors Weigh In On Uber Technologies

A number of hedge funds and other institutional investors have recently made changes to their positions in UBER. PDS Planning Inc acquired a new stake in shares of Uber Technologies in the 3rd quarter valued at about $208,000. Compagnie Lombard Odier SCmA raised its position in Uber Technologies by 1,009.4% during the third quarter. Compagnie Lombard Odier SCmA now owns 19,382 shares of the ride-sharing company’s stock worth $891,000 after acquiring an additional 17,635 shares in the last quarter. Deltec Asset Management LLC raised its position in Uber Technologies by 24.4% during the third quarter. Deltec Asset Management LLC now owns 604,675 shares of the ride-sharing company’s stock worth $27,809,000 after acquiring an additional 118,548 shares in the last quarter. Vicus Capital bought a new position in shares of Uber Technologies in the 3rd quarter valued at about $331,000. Finally, SVB Wealth LLC grew its position in shares of Uber Technologies by 2.7% in the 3rd quarter. SVB Wealth LLC now owns 40,072 shares of the ride-sharing company’s stock valued at $1,843,000 after acquiring an additional 1,038 shares during the period. 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.