Uber Technologies (NYSE:UBER) Trading Down 0.9%

Uber Technologies, Inc. (NYSE:UBER)’s stock price dropped 0.9% during trading on Monday . The stock traded as low as $74.25 and last traded at $75.06. Approximately 3,813,533 shares traded hands during mid-day trading, a decline of 79% from the average daily volume of 18,015,859 shares. The stock had previously closed at $75.75.

Analyst Ratings Changes

A number of brokerages have recently weighed in on UBER. TD Cowen boosted their target price on Uber Technologies from $88.00 to $90.00 and gave the stock a “buy” rating in a research note on Tuesday, July 23rd. Evercore ISI lifted their target price on Uber Technologies from $80.00 to $90.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 7th. Melius assumed coverage on shares of Uber Technologies in a research report on Monday, July 22nd. They set a “hold” rating and a $77.00 price target for the company. Loop Capital lifted their price objective on shares of Uber Technologies from $83.00 to $84.00 and gave the stock a “buy” rating in a research report on Tuesday, September 3rd. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $80.00 target price on shares of Uber Technologies in a research report on Wednesday, August 7th. Four research analysts have rated the stock with a hold rating, thirty-one have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Uber Technologies has a consensus rating of “Moderate Buy” and an average target price of $87.81.

Uber Technologies Stock Performance

The company has a 50 day simple moving average of $70.26 and a 200-day simple moving average of $70.59. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.21 and a quick ratio of 1.21. The stock has a market cap of $157.30 billion, a P/E ratio of 121.24, a price-to-earnings-growth ratio of 1.38 and a beta of 1.33.

Uber Technologies (NYSE:UBER) last issued its earnings results on Tuesday, August 6th. The ride-sharing company reported $0.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.31 by $0.16. The business had revenue of $10.70 billion during the quarter, compared to analyst estimates of $10.57 billion. Uber Technologies had a return on equity of 17.06% and a net margin of 5.02%. Uber Technologies’s revenue for the quarter was up 15.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.18 earnings per share. On average, equities analysts expect that Uber Technologies, Inc. will post 1.06 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Uber Technologies news, CEO Dara Khosrowshahi sold 500,000 shares of the company’s stock in a transaction dated 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 completion of the sale, the chief executive officer now directly 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 is accessible through this link. In other news, CEO Dara Khosrowshahi sold 500,000 shares of the firm’s 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 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 the SEC website. Also, insider Jill Hazelbaker sold 40,000 shares of Uber Technologies stock in a transaction on 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 directly owns 127,352 shares in the company, valued at $9,169,344. The disclosure for this sale can be found here. 3.84% of the stock is owned by corporate insiders.

Institutional Trading of Uber Technologies

Large investors have recently modified their holdings of the business. Precision Wealth Strategies LLC purchased a new position in Uber Technologies during the 4th quarter valued at $444,000. 9258 Wealth Management LLC lifted its holdings in Uber Technologies by 52.6% in the fourth quarter. 9258 Wealth Management LLC now owns 12,138 shares of the ride-sharing company’s stock worth $747,000 after buying an additional 4,185 shares during the period. Rollins Financial purchased a new position in shares of Uber Technologies during the 4th quarter worth approximately $265,000. Orion Portfolio Solutions LLC raised its position in shares of Uber Technologies by 20.1% in the 4th quarter. Orion Portfolio Solutions LLC now owns 21,192 shares of the ride-sharing company’s stock worth $1,251,000 after acquiring an additional 3,551 shares in the last quarter. Finally, Focus Financial Network Inc. ADV purchased a new position in shares of Uber Technologies in the 4th quarter valued at approximately $351,000. 80.24% of the stock is owned by institutional investors.

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.