Uber Technologies (NYSE:UBER) Trading Down 0.8%

Uber Technologies, Inc. (NYSE:UBER) shares were down 0.8% on Thursday . The company traded as low as $71.90 and last traded at $72.28. Approximately 2,603,524 shares changed hands during trading, a decline of 85% from the average daily volume of 17,904,061 shares. The stock had previously closed at $72.87.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on UBER shares. Wolfe Research started coverage on Uber Technologies in a report on Tuesday, July 16th. They set an “outperform” rating and a $90.00 price target on the stock. JMP Securities lifted their price target on Uber Technologies from $75.00 to $80.00 and gave the company a “market outperform” rating in a report on Wednesday, August 7th. Wells Fargo & Company reaffirmed an “overweight” rating and set a $97.00 price target on shares of Uber Technologies in a report on Friday, September 13th. Raymond James started coverage on Uber Technologies in a report on Tuesday, September 24th. They set a “strong-buy” rating and a $90.00 price target on the stock. Finally, Evercore ISI lifted their price target on Uber Technologies from $80.00 to $90.00 and gave the company an “outperform” rating in a report on Wednesday, August 7th. Four research analysts have rated the stock with a hold rating, thirty-one have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Uber Technologies currently has an average rating of “Moderate Buy” and an average price target of $87.81.

Uber Technologies Stock Performance

The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.72. The stock has a market capitalization of $153.31 billion, a PE ratio of 117.69, a PEG ratio of 1.32 and a beta of 1.33. The firm’s 50-day simple moving average is $70.68 and its two-hundred day simple moving average is $70.57.

Uber Technologies (NYSE:UBER) last posted its quarterly earnings data on Tuesday, August 6th. The ride-sharing company reported $0.47 earnings per share for the quarter, topping the consensus estimate of $0.31 by $0.16. Uber Technologies had a net margin of 5.02% and a return on equity of 17.06%. The firm had revenue of $10.70 billion for the quarter, compared to analysts’ expectations of $10.57 billion. During the same period in the previous year, the company posted $0.18 EPS. The company’s quarterly revenue was up 15.9% compared to the same quarter last year. On average, equities research analysts expect that Uber Technologies, Inc. will post 1.04 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, insider Jill Hazelbaker sold 40,000 shares of the business’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $72.00, for a total transaction of $2,880,000.00. Following the transaction, the insider now directly owns 127,352 shares in the company, valued at approximately $9,169,344. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, insider Jill Hazelbaker sold 40,000 shares of the business’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $72.00, for a total transaction of $2,880,000.00. Following the transaction, the insider now directly owns 127,352 shares in the company, valued at approximately $9,169,344. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Dara Khosrowshahi sold 500,000 shares of the business’s stock in a transaction on Monday, July 15th. The shares were sold at an average price of $71.91, for a total transaction of $35,955,000.00. Following the transaction, the chief executive officer now owns 1,266,114 shares in the company, valued at $91,046,257.74. The disclosure for this sale can be found here. Corporate insiders own 3.84% of the company’s stock.

Institutional Investors Weigh In On Uber Technologies

Institutional investors and hedge funds have recently modified their holdings of the business. GHP Investment Advisors Inc. lifted its stake in shares of Uber Technologies by 222.7% in the 2nd quarter. GHP Investment Advisors Inc. now owns 355 shares of the ride-sharing company’s stock valued at $26,000 after purchasing an additional 245 shares during the last quarter. Financial Management Professionals Inc. lifted its stake in shares of Uber Technologies by 111.6% in 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 during the last quarter. WR Wealth Planners LLC lifted its position in Uber Technologies by 563.9% during the 2nd quarter. WR Wealth Planners LLC now owns 405 shares of the ride-sharing company’s stock worth $29,000 after acquiring an additional 344 shares during the last quarter. J.Safra Asset Management Corp acquired a new position in Uber Technologies during the 1st quarter worth $32,000. Finally, MCF Advisors LLC lifted its position in Uber Technologies by 1,038.5% during the 2nd quarter. MCF Advisors LLC now owns 444 shares of the ride-sharing company’s stock worth $32,000 after acquiring an additional 405 shares during the last quarter. Institutional investors and hedge funds 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.