BMO Capital Markets Reaffirms Outperform Rating for Uber Technologies (NYSE:UBER)

BMO Capital Markets reaffirmed their outperform rating on shares of Uber Technologies (NYSE:UBER) in a research note published on Friday morning, Benzinga reports. BMO Capital Markets currently has a $92.00 target price on the ride-sharing company’s stock.

Other research analysts have also recently issued reports about the stock. Wells Fargo & Company reaffirmed an overweight rating and set a $97.00 target price on shares of Uber Technologies in a report on Friday, September 13th. The Goldman Sachs Group lifted their price objective on Uber Technologies from $85.00 to $90.00 and gave the company a buy rating in a report on Wednesday, August 7th. Roth Mkm increased their target price on Uber Technologies from $89.00 to $90.00 and gave the stock a buy rating in a report on Wednesday, August 7th. TD Cowen raised their price target on Uber Technologies from $88.00 to $90.00 and gave the stock a buy rating in a research report on Tuesday, July 23rd. Finally, Evercore ISI upped their price objective on shares of Uber Technologies from $80.00 to $90.00 and gave the stock an outperform rating in a research report on Wednesday, August 7th. Four investment analysts have rated the stock with a hold rating, thirty-one have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of Moderate Buy and an average target price of $88.11.

Uber Technologies Price Performance

Uber Technologies stock opened at $86.34 on Friday. The company has a market capitalization of $181.40 billion, a price-to-earnings ratio of 94.88, a PEG ratio of 1.35 and a beta of 1.33. The stock’s 50 day moving average is $72.65 and its 200-day moving average is $70.51. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.72. Uber Technologies has a 12 month low of $40.09 and a 12 month high of $87.00.

Uber Technologies (NYSE:UBER) last issued its quarterly earnings data on Tuesday, August 6th. The ride-sharing company reported $0.47 EPS for the quarter, beating analysts’ consensus estimates of $0.31 by $0.16. Uber Technologies had a return on equity of 17.06% and a net margin of 5.02%. The firm had revenue of $10.70 billion for the quarter, compared to analyst estimates of $10.57 billion. During the same period in the prior year, the firm posted $0.18 EPS. The company’s revenue for the quarter was up 15.9% on a year-over-year basis. Equities research analysts expect that Uber Technologies will post 1.08 EPS for the current year.

Insider Buying and Selling

In other Uber Technologies news, insider Jill Hazelbaker sold 40,000 shares of the company’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $72.00, for a total value of $2,880,000.00. Following the sale, the insider now owns 127,352 shares in the company, valued at approximately $9,169,344. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 3.84% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Uber Technologies

A number of hedge funds have recently bought and sold shares of the company. Winslow Asset Management Inc. boosted its holdings in shares of Uber Technologies by 0.5% during the 4th quarter. Winslow Asset Management Inc. now owns 156,358 shares of the ride-sharing company’s stock worth $9,627,000 after buying an additional 840 shares in the last quarter. Prospect Financial Services LLC bought a new position in Uber Technologies during the fourth quarter worth $472,000. GLOBALT Investments LLC GA acquired a new stake in Uber Technologies in the fourth quarter worth $2,184,000. V Square Quantitative Management LLC bought a new stake in Uber Technologies in the fourth quarter valued at $625,000. Finally, Integrated Advisors Network LLC raised its holdings in shares of Uber Technologies by 18.6% during the fourth quarter. Integrated Advisors Network LLC now owns 10,375 shares of the ride-sharing company’s stock valued at $639,000 after purchasing an additional 1,629 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.