JPMorgan Chase & Co. Has Lowered Expectations for Uber Technologies (NYSE:UBER) Stock Price

Uber Technologies (NYSE:UBER) had its target price decreased by JPMorgan Chase & Co. from $95.00 to $90.00 in a report released on Thursday morning,Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the ride-sharing company’s stock.

A number of other research analysts have also recently issued reports on UBER. Royal Bank of Canada boosted their price objective on shares of Uber Technologies from $80.00 to $82.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Wells Fargo & Company lowered their price objective on shares of Uber Technologies from $90.00 to $87.00 and set an “overweight” rating for the company in a research report on Thursday. Truist Financial reduced their target price on Uber Technologies from $99.00 to $95.00 and set a “buy” rating on the stock in a report on Friday, November 1st. Wolfe Research increased their price target on Uber Technologies from $90.00 to $92.00 and gave the stock an “outperform” rating in a report on Friday, January 3rd. Finally, Jefferies Financial Group lifted their price objective on Uber Technologies from $100.00 to $105.00 and gave the company a “buy” rating in a report on Tuesday, October 22nd. Seven research analysts have rated the stock with a hold rating, thirty-one have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $90.19.

Uber Technologies Stock Performance

Shares of Uber Technologies stock opened at $70.04 on Thursday. 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. The stock has a market capitalization of $147.47 billion, a price-to-earnings ratio of 34.84, a PEG ratio of 0.77 and a beta of 1.39. The firm has a fifty day moving average of $65.31 and a two-hundred day moving average of $70.07.

Uber Technologies (NYSE:UBER) last released its earnings results on Wednesday, February 5th. The ride-sharing company reported $3.21 earnings per share for the quarter, beating the consensus estimate of $0.50 by $2.71. Uber Technologies had a return on equity of 33.46% and a net margin of 10.49%. As a group, equities research analysts predict that Uber Technologies will post 1.89 EPS for the current year.

Insider Buying and Selling at Uber Technologies

In other Uber Technologies news, insider Jill Hazelbaker sold 27,780 shares of the stock in a transaction on Monday, November 25th. The stock was sold at an average price of $72.90, for a total transaction of $2,025,162.00. Following the transaction, the insider now owns 107,289 shares in the company, valued at $7,821,368.10. This trade represents a 20.57 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 3.80% of the company’s stock.

Institutional Trading of Uber Technologies

Several large investors have recently modified their holdings of the stock. Vestmark Advisory Solutions Inc. increased its holdings in Uber Technologies by 10.1% in the 4th quarter. Vestmark Advisory Solutions Inc. now owns 15,280 shares of the ride-sharing company’s stock valued at $922,000 after buying an additional 1,403 shares during the period. Ethos Financial Group LLC acquired a new stake in shares of Uber Technologies during the 4th quarter worth approximately $156,000. Carmel Capital Partners LLC increased its stake in Uber Technologies by 110.1% in the fourth quarter. Carmel Capital Partners LLC now owns 28,615 shares of the ride-sharing company’s stock valued at $1,726,000 after acquiring an additional 14,998 shares during the last quarter. HS Management Partners LLC raised its position in Uber Technologies by 149.4% during the fourth quarter. HS Management Partners LLC now owns 1,118,950 shares of the ride-sharing company’s stock valued at $67,495,000 after purchasing an additional 670,345 shares in the last quarter. Finally, Black Swift Group LLC bought a new stake in Uber Technologies during the fourth quarter worth $820,000. 80.24% of the stock is owned by institutional investors and hedge funds.

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.