Uber Technologies (NYSE:UBER) Downgraded by JMP Securities to Market Perform

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

A number of other analysts have also weighed in on UBER. Tigress Financial increased their target price on shares of Uber Technologies from $96.00 to $103.00 and gave the stock a “buy” rating in a report on Monday, November 25th. KeyCorp cut their price objective on Uber Technologies from $90.00 to $85.00 and set an “overweight” rating on the stock in a research report on Friday, November 1st. Evercore ISI upped their target price on Uber Technologies from $90.00 to $120.00 and gave the company an “outperform” rating in a report on Thursday, October 31st. Daiwa America cut shares of Uber Technologies from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 17th. Finally, Jefferies Financial Group lifted their target price on shares of Uber Technologies from $100.00 to $105.00 and gave the company a “buy” rating in a research note on Tuesday, October 22nd. Six investment 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 data from MarketBeat, Uber Technologies has an average rating of “Moderate Buy” and a consensus price target of $91.47.

Uber Technologies Price Performance

Shares of Uber Technologies stock opened at $63.17 on Thursday. The stock has a market capitalization of $133.02 billion, a price-to-earnings ratio of 31.43, a price-to-earnings-growth ratio of 0.75 and a beta of 1.33. The company has a fifty day moving average of $68.24 and a 200-day moving average of $70.73. Uber Technologies has a 52-week low of $54.84 and a 52-week 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.

Uber Technologies (NYSE:UBER) last announced its quarterly earnings data on Thursday, October 31st. The ride-sharing company reported $1.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.41 by $0.79. Uber Technologies had a return on equity of 33.46% and a net margin of 10.49%. The firm had revenue of $11.19 billion for the quarter, compared to analysts’ expectations of $10.99 billion. During the same period last year, the firm earned $0.10 earnings per share. The company’s revenue for the quarter was up 20.4% compared to the same quarter last year. Equities research analysts expect that Uber Technologies will post 1.89 EPS for the current year.

Insider Transactions at Uber Technologies

In other Uber Technologies news, insider Jill Hazelbaker sold 27,780 shares of Uber Technologies stock in a transaction that occurred 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 completion of the sale, the insider now owns 107,289 shares of the company’s stock, valued at approximately $7,821,368.10. The trade was a 20.57 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 3.84% of the company’s stock.

Hedge Funds Weigh In On Uber Technologies

A number of institutional investors and hedge funds have recently modified their holdings of the company. Legacy Capital Wealth Partners LLC purchased a new stake in Uber Technologies during the second quarter valued at approximately $278,000. Founders Financial Securities LLC raised its holdings in Uber Technologies by 4.1% in the 2nd quarter. Founders Financial Securities LLC now owns 14,808 shares of the ride-sharing company’s stock worth $1,076,000 after purchasing an additional 582 shares during the period. Cozad Asset Management Inc. raised its holdings in Uber Technologies by 8.4% in the 2nd quarter. Cozad Asset Management Inc. now owns 6,617 shares of the ride-sharing company’s stock worth $481,000 after purchasing an additional 510 shares during the period. Foundations Investment Advisors LLC grew its holdings in Uber Technologies by 12.8% during the second quarter. Foundations Investment Advisors LLC now owns 6,262 shares of the ride-sharing company’s stock valued at $455,000 after purchasing an additional 713 shares during the period. Finally, Larson Financial Group LLC grew its holdings in Uber Technologies by 53.6% during the second quarter. Larson Financial Group LLC now owns 2,378 shares of the ride-sharing company’s stock valued at $173,000 after purchasing an additional 830 shares during the period. 80.24% of the stock is currently 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.