Uber Technologies (NYSE:UBER) Trading Down 2.2%

Uber Technologies, Inc. (NYSE:UBER)’s share price traded down 2.2% during mid-day trading on Tuesday . The company traded as low as $68.88 and last traded at $69.52. 4,369,392 shares were traded during trading, a decline of 77% from the average session volume of 19,289,494 shares. The stock had previously closed at $71.10.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. Wedbush reiterated an “outperform” rating and set a $85.00 price objective on shares of Uber Technologies in a research note on Wednesday, May 8th. DA Davidson reissued a “buy” rating and issued a $81.00 target price on shares of Uber Technologies in a report on Wednesday, May 8th. Bank of America dropped their target price on shares of Uber Technologies from $91.00 to $87.00 and set a “buy” rating for the company in a report on Thursday, May 9th. UBS Group dropped their target price on shares of Uber Technologies from $100.00 to $95.00 and set a “buy” rating for the company in a report on Thursday, May 9th. Finally, Citigroup increased their target price on shares of Uber Technologies from $93.00 to $96.00 and gave the stock a “buy” rating in a report on Wednesday, June 12th. Two equities research analysts have rated the stock with a hold rating and thirty have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $84.41.

Uber Technologies Trading Up 0.8 %

The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.21 and a current ratio of 1.21. The firm’s fifty day simple moving average is $67.98 and its 200-day simple moving average is $69.96. The stock has a market cap of $148.92 billion, a P/E ratio of 114.95, a price-to-earnings-growth ratio of 1.54 and a beta of 1.36.

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

Insider Activity

In other news, CEO Dara Khosrowshahi sold 500,000 shares of Uber Technologies stock in a transaction on Friday, May 17th. The shares were sold at an average price of $65.93, for a total value of $32,965,000.00. Following the completion of the sale, the chief executive officer now owns 1,656,996 shares in the company, valued at approximately $109,245,746.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Uber Technologies news, insider Tony West sold 18,750 shares of the business’s stock in a transaction on Monday, May 13th. The shares were sold at an average price of $65.63, for a total transaction of $1,230,562.50. Following the completion of the sale, the insider now owns 206,338 shares in the company, valued at approximately $13,541,962.94. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Dara Khosrowshahi sold 500,000 shares of the business’s stock in a transaction on Friday, May 17th. The shares were sold at an average price of $65.93, for a total transaction of $32,965,000.00. Following the sale, the chief executive officer now owns 1,656,996 shares of the company’s stock, valued at approximately $109,245,746.28. The disclosure for this sale can be found here. Insiders sold 635,984 shares of company stock worth $42,258,297 in the last quarter. 3.80% of the stock is owned by corporate insiders.

Institutional Trading of Uber Technologies

A number of hedge funds and other institutional investors have recently bought and sold shares of UBER. Financial Management Professionals Inc. increased 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 purchasing an additional 202 shares in the last quarter. CVA Family Office LLC purchased a new position in Uber Technologies during the 4th quarter worth $30,000. Highlander Capital Management LLC boosted its holdings in Uber Technologies by 100.0% during the 4th quarter. Highlander Capital Management LLC now owns 500 shares of the ride-sharing company’s stock worth $31,000 after acquiring an additional 250 shares during the last quarter. Bfsg LLC purchased a new position in Uber Technologies during the 4th quarter worth $31,000. Finally, Blue Bell Private Wealth Management LLC boosted its holdings in Uber Technologies by 49.7% during the 4th quarter. Blue Bell Private Wealth Management LLC now owns 524 shares of the ride-sharing company’s stock worth $32,000 after acquiring an additional 174 shares during the last quarter. Institutional investors 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.