Uber Technologies (NYSE:UBER) Stock Price Down 0.6%

Uber Technologies, Inc. (NYSE:UBER) shares traded down 0.6% on Wednesday . The company traded as low as $73.01 and last traded at $73.82. 2,558,578 shares changed hands during mid-day trading, a decline of 86% from the average session volume of 17,935,420 shares. The stock had previously closed at $74.24.

Analysts Set New Price Targets

Several research firms have recently weighed in on UBER. Needham & Company LLC reissued a “buy” rating and issued a $90.00 target price on shares of Uber Technologies in a report on Wednesday, August 7th. Roth Mkm increased their price target on shares of Uber Technologies from $89.00 to $90.00 and gave the stock a “buy” rating in a research note on Wednesday, August 7th. JMP Securities lifted their price objective on shares of Uber Technologies from $75.00 to $80.00 and gave the company a “market outperform” rating in a research note on Wednesday, August 7th. Melius Research began coverage on Uber Technologies in a research note on Monday, July 22nd. They set a “hold” rating and a $77.00 price target for the company. Finally, DA Davidson boosted their price target on shares of Uber Technologies from $81.00 to $82.00 and gave the stock a “buy” rating in a research note on Wednesday, August 7th. Four 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. According to data from MarketBeat.com, Uber Technologies has an average rating of “Moderate Buy” and a consensus target price of $87.81.

Uber Technologies Price Performance

The business’s fifty day simple moving average is $70.54 and its 200 day simple moving average is $70.56. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.21 and a current ratio of 1.21. The stock has a market cap of $154.23 billion, a price-to-earnings ratio of 119.06, a price-to-earnings-growth ratio of 1.32 and a beta of 1.33.

Uber Technologies (NYSE:UBER) last issued its quarterly earnings data on Tuesday, August 6th. The ride-sharing company reported $0.47 EPS for the quarter, topping analysts’ consensus estimates of $0.31 by $0.16. Uber Technologies had a return on equity of 17.06% and a net margin of 5.02%. The firm had revenue of $10.70 billion during the quarter, compared to the consensus estimate of $10.57 billion. During the same period in the prior year, the business earned $0.18 EPS. The firm’s revenue was up 15.9% on a year-over-year basis. Research analysts predict that Uber Technologies, Inc. will post 1.04 EPS for the current fiscal year.

Insider Transactions at Uber Technologies

In other news, CEO Dara Khosrowshahi sold 500,000 shares of the stock in a transaction on 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 completion of the transaction, the chief executive officer now owns 1,266,114 shares of the company’s stock, valued at $91,046,257.74. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, CEO Dara Khosrowshahi sold 500,000 shares of the business’s stock in a transaction on 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 of the company’s stock, valued at approximately $91,046,257.74. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Jill Hazelbaker sold 40,000 shares of the business’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 sale, the insider now owns 127,352 shares in the company, valued at $9,169,344. The disclosure for this sale can be found here. Insiders own 3.84% of the company’s stock.

Institutional Investors Weigh In On Uber Technologies

Several hedge funds have recently modified their holdings of UBER. GHP Investment Advisors Inc. increased its position in shares of Uber Technologies by 222.7% in the second quarter. GHP Investment Advisors Inc. now owns 355 shares of the ride-sharing company’s stock worth $26,000 after acquiring an additional 245 shares in the last quarter. Financial Management Professionals Inc. boosted its position in shares of Uber Technologies by 111.6% in the first quarter. Financial Management Professionals Inc. now owns 383 shares of the ride-sharing company’s stock worth $29,000 after buying an additional 202 shares during the period. WR Wealth Planners LLC raised its position in Uber Technologies by 563.9% during the second quarter. WR Wealth Planners LLC now owns 405 shares of the ride-sharing company’s stock valued at $29,000 after buying an additional 344 shares during the period. J.Safra Asset Management Corp purchased a new stake in Uber Technologies in the 1st quarter worth about $32,000. Finally, MCF Advisors LLC boosted 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 period. 80.24% of the stock is owned by hedge funds and other institutional investors.

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.