Uber Technologies (NYSE:UBER) Shares Down 1.1%

Uber Technologies, Inc. (NYSE:UBER)’s share price was down 1.1% on Tuesday . The company traded as low as $74.08 and last traded at $74.36. Approximately 2,818,409 shares changed hands during trading, a decline of 84% from the average daily volume of 17,987,230 shares. The stock had previously closed at $75.16.

Analyst Ratings Changes

A number of research analysts recently weighed in on UBER shares. TD Cowen increased their price objective on shares of Uber Technologies from $88.00 to $90.00 and gave the company a “buy” rating in a research report on Tuesday, July 23rd. Melius Research started coverage on shares of Uber Technologies in a research report on Monday, July 22nd. They set a “hold” rating and a $77.00 price objective on the stock. Citigroup increased their price objective on shares of Uber Technologies from $96.00 to $98.00 and gave the company a “buy” rating in a research report on Wednesday, August 7th. Bank of America restated a “buy” rating and set a $88.00 price objective on shares of Uber Technologies in a research report on Friday, August 23rd. Finally, Piper Sandler increased their price objective on shares of Uber Technologies from $86.00 to $88.00 and gave the company an “overweight” rating in a research report on Tuesday, June 25th. 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. According to data from MarketBeat, Uber Technologies has an average rating of “Moderate Buy” and an average price target of $87.81.

Uber Technologies Stock Down 0.4 %

The company has a market cap of $157.23 billion, a PE ratio of 120.32, a P/E/G ratio of 1.32 and a beta of 1.33. The company’s 50 day moving average is $70.41 and its 200 day moving average is $70.57. 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 (NYSE:UBER) last posted its earnings results 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. The business had revenue of $10.70 billion for the quarter, compared to the consensus estimate of $10.57 billion. Uber Technologies had a net margin of 5.02% and a return on equity of 17.06%. The company’s revenue for the quarter was up 15.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.18 EPS. As a group, analysts predict that Uber Technologies, Inc. will post 1.04 earnings per share for the current fiscal year.

Insider Transactions at Uber Technologies

In other news, CEO Dara Khosrowshahi sold 500,000 shares of Uber Technologies stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $71.91, for a total value of $35,955,000.00. Following the transaction, the chief executive officer now owns 1,266,114 shares of the company’s stock, valued at approximately $91,046,257.74. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, insider Jill Hazelbaker sold 40,000 shares of Uber Technologies stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $72.00, for a total value of $2,880,000.00. Following the completion of the sale, the insider now directly owns 127,352 shares in the company, valued at approximately $9,169,344. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Dara Khosrowshahi sold 500,000 shares of Uber Technologies 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 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. Insiders own 3.84% of the company’s stock.

Institutional Trading of Uber Technologies

Several institutional investors and hedge funds have recently bought and sold shares of the business. Centaurus Financial Inc. lifted its stake in Uber Technologies by 59.2% during the 2nd quarter. Centaurus Financial Inc. now owns 14,266 shares of the ride-sharing company’s stock valued at $1,037,000 after acquiring an additional 5,307 shares during the period. Anchor Investment Management LLC lifted its stake in shares of Uber Technologies by 2.5% in the 2nd quarter. Anchor Investment Management LLC now owns 30,963 shares of the ride-sharing company’s stock valued at $2,250,000 after purchasing an additional 748 shares during the period. University of Texas Texas AM Investment Management Co. lifted its stake in shares of Uber Technologies by 31.8% in the 2nd quarter. University of Texas Texas AM Investment Management Co. now owns 30,634 shares of the ride-sharing company’s stock valued at $2,226,000 after purchasing an additional 7,399 shares during the period. Newbridge Financial Services Group Inc. lifted its stake in shares of Uber Technologies by 2.8% in the 2nd quarter. Newbridge Financial Services Group Inc. now owns 21,582 shares of the ride-sharing company’s stock valued at $1,569,000 after purchasing an additional 578 shares during the period. Finally, Lazari Capital Management Inc. lifted its stake in shares of Uber Technologies by 0.5% in the 2nd quarter. Lazari Capital Management Inc. now owns 200,515 shares of the ride-sharing company’s stock valued at $14,573,000 after purchasing an additional 915 shares during the period. 80.24% of the stock is currently 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.