Uber Technologies (NYSE:UBER) Given New $105.00 Price Target at JPMorgan Chase & Co.

Uber Technologies (NYSE:UBER) had its price target raised by JPMorgan Chase & Co. from $92.00 to $105.00 in a report released on Tuesday,Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the ride-sharing company’s stock.

A number of other equities analysts also recently commented on UBER. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $82.00 price objective on shares of Uber Technologies in a report on Monday, May 5th. KeyCorp raised their price target on shares of Uber Technologies from $80.00 to $90.00 and gave the stock an “overweight” rating in a research report on Thursday, May 8th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $80.00 price objective on shares of Uber Technologies in a research report on Wednesday, April 16th. The Goldman Sachs Group raised their target price on shares of Uber Technologies from $96.00 to $110.00 and gave the stock a “buy” rating in a report on Thursday, May 8th. Finally, TD Cowen decreased their target price on Uber Technologies from $90.00 to $88.00 and set a “buy” rating for the company in a research note on Tuesday, April 8th. Eleven research analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $93.09.

Uber Technologies Stock Performance

Shares of UBER stock opened at $91.84 on Tuesday. The stock has a market capitalization of $192.05 billion, a price-to-earnings ratio of 20.14, a PEG ratio of 0.89 and a beta of 1.43. Uber Technologies has a one year low of $54.84 and a one year high of $93.60. The company’s 50-day simple moving average is $77.21 and its 200-day simple moving average is $72.21. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.41 and a current ratio of 1.07.

Uber Technologies (NYSE:UBER) last released its earnings results on Wednesday, May 7th. The ride-sharing company reported $0.83 EPS for the quarter, topping analysts’ consensus estimates of $0.50 by $0.33. The company had revenue of $11.53 billion for the quarter, compared to the consensus estimate of $11.61 billion. Uber Technologies had a return on equity of 62.60% and a net margin of 22.41%. Uber Technologies’s quarterly revenue was up 13.8% compared to the same quarter last year. During the same quarter last year, the business posted ($0.32) EPS. Equities analysts anticipate that Uber Technologies will post 2.54 earnings per share for the current fiscal year.

Insider Transactions at Uber Technologies

In related news, insider Jill Hazelbaker sold 34,884 shares of the business’s stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $86.03, for a total transaction of $3,001,070.52. Following the sale, the insider now owns 102,135 shares of the company’s stock, valued at $8,786,674.05. The trade was a 25.46% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Tony West sold 23,404 shares of the company’s stock in a transaction that occurred on Thursday, March 13th. The stock was sold at an average price of $70.27, for a total value of $1,644,599.08. Following the completion of the sale, the insider now owns 114,241 shares of the company’s stock, valued at $8,027,715.07. This trade represents a 17.00% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 83,788 shares of company stock valued at $6,517,070. Company insiders own 3.84% of the company’s stock.

Institutional Trading of Uber Technologies

Several institutional investors have recently modified their holdings of the company. Grassi Investment Management boosted its position in shares of Uber Technologies by 0.5% during the 4th quarter. Grassi Investment Management now owns 97,925 shares of the ride-sharing company’s stock valued at $5,907,000 after purchasing an additional 500 shares in the last quarter. Wedge Capital Management L L P NC raised its holdings in shares of Uber Technologies by 6.5% in the 4th quarter. Wedge Capital Management L L P NC now owns 3,923 shares of the ride-sharing company’s stock worth $237,000 after purchasing an additional 241 shares in the last quarter. Ameritas Advisory Services LLC lifted its stake in Uber Technologies by 47.2% during the fourth quarter. Ameritas Advisory Services LLC now owns 7,921 shares of the ride-sharing company’s stock valued at $478,000 after purchasing an additional 2,541 shares during the last quarter. Koshinski Asset Management Inc. boosted its holdings in Uber Technologies by 3.4% during the fourth quarter. Koshinski Asset Management Inc. now owns 7,231 shares of the ride-sharing company’s stock worth $436,000 after buying an additional 237 shares in the last quarter. Finally, Pure Financial Advisors LLC acquired a new position in Uber Technologies in the fourth quarter worth approximately $321,000. 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.