Uber Technologies (NYSE:UBER) Stock Price Down 2.2%

Shares of Uber Technologies, Inc. (NYSE:UBER) were down 2.2% on Thursday . The stock traded as low as $75.21 and last traded at $75.42. Approximately 4,345,105 shares traded hands during mid-day trading, a decline of 76% from the average daily volume of 18,095,438 shares. The stock had previously closed at $77.14.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. Morgan Stanley lifted their price objective on shares of Uber Technologies from $90.00 to $95.00 and gave the company an “overweight” rating in a research report on Tuesday, July 23rd. JMP Securities increased their target price on Uber Technologies from $75.00 to $80.00 and gave the company a “market outperform” rating in a research report on Wednesday, August 7th. Piper Sandler boosted their price target on shares of Uber Technologies from $86.00 to $88.00 and gave the stock an “overweight” rating in a research report on Tuesday, June 25th. 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. Finally, Wells Fargo & Company restated an “overweight” rating and issued a $97.00 target price on shares of Uber Technologies in a report on Friday, September 13th. Four investment analysts have rated the stock with a hold rating, thirty-one have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Uber Technologies presently has an average rating of “Moderate Buy” and an average target price of $87.67.

Uber Technologies Stock Performance

The business has a 50-day moving average price of $69.88 and a 200-day moving average price of $70.66. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.72. The firm has a market capitalization of $160.51 billion, a price-to-earnings ratio of 122.76, a P/E/G ratio of 1.33 and a beta of 1.33.

Uber Technologies (NYSE:UBER) last announced its quarterly earnings data on Tuesday, August 6th. The ride-sharing company reported $0.47 EPS for the quarter, beating the consensus estimate of $0.31 by $0.16. The firm had revenue of $10.70 billion during the quarter, compared to analyst estimates of $10.57 billion. Uber Technologies had a net margin of 5.02% and a return on equity of 17.06%. Uber Technologies’s revenue was up 15.9% on a year-over-year basis. During the same period last year, the firm posted $0.18 EPS. As a group, sell-side analysts forecast that Uber Technologies, Inc. will post 1.06 earnings per share for the current year.

Insiders Place Their Bets

In other news, CEO Dara Khosrowshahi sold 500,000 shares of the company’s stock in a transaction dated 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 sale, the chief executive officer now owns 1,266,114 shares in the company, valued at $91,046,257.74. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, CEO Dara Khosrowshahi sold 500,000 shares of the firm’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 sale, the chief executive officer now owns 1,266,114 shares in the company, valued at $91,046,257.74. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Jill Hazelbaker sold 40,000 shares of the company’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $72.00, for a total transaction of $2,880,000.00. Following the completion of the transaction, the insider now owns 127,352 shares of the company’s stock, valued at approximately $9,169,344. The disclosure for this sale can be found here. 3.84% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in UBER. GHP Investment Advisors Inc. raised its position in shares of Uber Technologies by 222.7% during the 2nd quarter. GHP Investment Advisors Inc. now owns 355 shares of the ride-sharing company’s stock worth $26,000 after purchasing an additional 245 shares during the last quarter. Financial Management Professionals Inc. raised its holdings in shares of Uber Technologies by 111.6% during the first quarter. Financial Management Professionals Inc. now owns 383 shares of the ride-sharing company’s stock valued at $29,000 after acquiring an additional 202 shares during the last quarter. WR Wealth Planners LLC lifted its position in shares of Uber Technologies by 563.9% in the second quarter. WR Wealth Planners LLC now owns 405 shares of the ride-sharing company’s stock valued at $29,000 after acquiring an additional 344 shares in the last quarter. J.Safra Asset Management Corp acquired a new stake in shares of Uber Technologies in the first quarter worth approximately $32,000. Finally, MCF Advisors LLC increased its position in shares of Uber Technologies by 1,038.5% during the second quarter. MCF Advisors LLC now owns 444 shares of the ride-sharing company’s stock worth $32,000 after purchasing an additional 405 shares in the last quarter. 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.