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 released on Tuesday, Benzinga reports. They currently have a $92.00 price target on the ride-sharing company’s stock.

Several other research firms have also recently issued reports on UBER. UBS Group lowered their target price on shares of Uber Technologies from $100.00 to $95.00 and set a buy rating on the stock in a research note on Thursday, May 9th. Melius started coverage on shares of Uber Technologies in a research note on Monday, July 22nd. They set a hold rating and a $77.00 target price on the stock. Melius Research started coverage on shares of Uber Technologies in a research note on Monday, July 22nd. They set a hold rating and a $77.00 target price on the stock. Wolfe Research started coverage on shares of Uber Technologies in a research note on Tuesday, July 16th. They set an outperform rating and a $90.00 target price on the stock. Finally, DA Davidson restated a buy rating and set a $81.00 target price on shares of Uber Technologies in a research note on Wednesday, May 8th. Four 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, the company has a consensus rating of Moderate Buy and an average target price of $86.76.

Uber Technologies Stock Performance

Shares of Uber Technologies stock opened at $58.99 on Tuesday. The stock has a market cap of $123.26 billion, a price-to-earnings ratio of 95.15, a PEG ratio of 1.41 and a beta of 1.36. The firm’s 50-day moving average is $68.37 and its 200 day moving average is $70.92. Uber Technologies has a 1 year low of $40.09 and a 1 year high of $82.14. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.21 and a quick ratio of 1.21.

Uber Technologies (NYSE:UBER) last announced its quarterly earnings results on Wednesday, May 8th. The ride-sharing company reported ($0.32) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.53). The firm had revenue of $10.13 billion during the quarter, compared to the consensus estimate of $10.09 billion. Uber Technologies had a return on equity of 12.81% and a net margin of 3.60%. The business’s revenue for the quarter was up 14.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.08) EPS. Sell-side analysts anticipate that Uber Technologies will post 0.85 EPS for the current fiscal year.

Insider Activity

In other news, CEO Dara Khosrowshahi sold 500,000 shares of the stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $71.91, for a total transaction of $35,955,000.00. Following the completion of the transaction, the chief executive officer now directly owns 1,266,114 shares in the company, valued at approximately $91,046,257.74. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, insider Tony West sold 28,000 shares of the firm’s stock in a transaction on Thursday, June 13th. The stock was sold at an average price of $70.67, for a total value of $1,978,760.00. Following the completion of the sale, the insider now directly owns 96,945 shares in the company, valued at $6,851,103.15. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Dara Khosrowshahi sold 500,000 shares of the firm’s stock in a transaction on Monday, July 15th. The stock was sold at an average price of $71.91, for a total value of $35,955,000.00. Following the completion of the sale, the chief executive officer now owns 1,266,114 shares of the company’s stock, valued at $91,046,257.74. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,135,984 shares of company stock worth $78,213,297. 3.84% of the stock is currently owned by insiders.

Institutional Trading of Uber Technologies

A number of institutional investors have recently bought and sold shares of the stock. Covenant Asset Management LLC lifted its position in Uber Technologies by 0.3% in the first quarter. Covenant Asset Management LLC now owns 52,971 shares of the ride-sharing company’s stock worth $4,078,000 after buying an additional 157 shares during the last quarter. Hilltop Holdings Inc. lifted its position in shares of Uber Technologies by 2.9% during the fourth quarter. Hilltop Holdings Inc. now owns 5,634 shares of the ride-sharing company’s stock worth $347,000 after purchasing an additional 157 shares during the last quarter. Sivia Capital Partners LLC lifted its position in shares of Uber Technologies by 3.3% during the first quarter. Sivia Capital Partners LLC now owns 4,882 shares of the ride-sharing company’s stock worth $376,000 after purchasing an additional 157 shares during the last quarter. Wellington Shields Capital Management LLC lifted its position in shares of Uber Technologies by 6.1% during the first quarter. Wellington Shields Capital Management LLC now owns 2,756 shares of the ride-sharing company’s stock worth $212,000 after purchasing an additional 159 shares during the last quarter. Finally, Industrial Alliance Investment Management Inc. lifted its position in shares of Uber Technologies by 3.2% during the first quarter. Industrial Alliance Investment Management Inc. now owns 5,170 shares of the ride-sharing company’s stock worth $398,000 after purchasing an additional 160 shares during the last quarter. 80.24% of the stock is currently owned by 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.