Uber Technologies (NYSE:UBER) Given “Outperform” Rating at Oppenheimer

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

Other equities analysts also recently issued reports about the company. KeyCorp raised their price objective on Uber Technologies from $79.00 to $90.00 and gave the stock an overweight rating in a report on Thursday, February 15th. Bank of America lifted their price target on shares of Uber Technologies from $68.00 to $73.00 and gave the company a buy rating in a research report on Tuesday, January 30th. TheStreet raised shares of Uber Technologies from a c rating to a b- rating in a research report on Wednesday, February 7th. Roth Mkm raised their target price on shares of Uber Technologies from $72.00 to $79.00 and gave the company a buy rating in a research note on Thursday, February 8th. Finally, BMO Capital Markets upped their price target on shares of Uber Technologies from $82.00 to $92.00 and gave the stock an outperform rating in a research report on Thursday, February 15th. Two equities research analysts have rated the stock with a hold rating and twenty-nine have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of Moderate Buy and an average target price of $79.39.

Uber Technologies Price Performance

UBER opened at $67.41 on Monday. Uber Technologies has a 1 year low of $31.76 and a 1 year high of $82.14. The company’s 50 day simple moving average is $76.08 and its 200 day simple moving average is $64.75. The stock has a market capitalization of $140.31 billion, a PE ratio of 78.38, a P/E/G ratio of 1.09 and a beta of 1.36. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.19 and a current ratio of 1.19.

Uber Technologies (NYSE:UBER) last announced its quarterly earnings results on Wednesday, February 7th. The ride-sharing company reported $0.66 earnings per share for the quarter, beating analysts’ consensus estimates of $0.16 by $0.50. The company had revenue of $9.94 billion for 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%. Uber Technologies’s revenue for the quarter was up 15.4% on a year-over-year basis. During the same quarter last year, the business earned $0.29 EPS. As a group, sell-side analysts expect that Uber Technologies will post 1.22 EPS for the current year.

Insider Buying and Selling

In related news, insider Jill Hazelbaker sold 20,000 shares of the business’s stock in a transaction dated 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 sale, 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 legal filing with the SEC, which is available through this link. In other Uber Technologies news, insider Tony West sold 18,750 shares of the stock in a transaction on Monday, February 12th. The stock was sold at an average price of $70.08, for a total value of $1,314,000.00. Following the sale, the insider now directly owns 185,566 shares of the company’s stock, valued at $13,004,465.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, 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 transaction of $1,556,600.00. Following the transaction, the insider now directly owns 107,290 shares of the company’s stock, valued at approximately $8,350,380.70. The disclosure for this sale can be found here. 3.80% of the stock is currently owned by company insiders.

Institutional Trading of Uber Technologies

A number of large investors have recently modified their holdings of the company. Financial Management Professionals Inc. raised its stake in Uber Technologies by 111.6% during the 1st quarter. Financial Management Professionals Inc. now owns 383 shares of the ride-sharing company’s stock valued at $29,000 after acquiring an additional 202 shares in the last quarter. YHB Investment Advisors Inc. acquired a new position in shares of Uber Technologies during the first quarter valued at $37,000. CVA Family Office LLC bought a new stake in shares of Uber Technologies during the fourth quarter valued at about $30,000. Highlander Capital Management LLC raised its stake in shares of Uber Technologies by 100.0% during the fourth quarter. Highlander Capital Management LLC now owns 500 shares of the ride-sharing company’s stock valued at $31,000 after purchasing an additional 250 shares in the last quarter. Finally, Bfsg LLC acquired a new stake in Uber Technologies in the fourth quarter worth about $31,000. Institutional investors and hedge funds own 80.24% of the company’s stock.

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.