Uber Technologies (NYSE:UBER) Trading Down 2.2%

Uber Technologies, Inc. (NYSE:UBER) fell 2.2% during mid-day trading on Tuesday . The company traded as low as $68.88 and last traded at $69.52. 4,369,392 shares changed hands during trading, a decline of 77% from the average session volume of 19,289,494 shares. The stock had previously closed at $71.10.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on UBER. Wedbush reaffirmed an “outperform” rating and set a $85.00 price objective on shares of Uber Technologies in a report on Wednesday, May 8th. Wells Fargo & Company boosted their price target on shares of Uber Technologies from $89.00 to $91.00 and gave the stock an “overweight” rating in a research note on Friday. Truist Financial boosted their price target on shares of Uber Technologies from $90.00 to $94.00 and gave the stock a “buy” rating in a research note on Wednesday, March 27th. BMO Capital Markets reissued an “outperform” rating and issued a $92.00 price target on shares of Uber Technologies in a research note on Wednesday, May 15th. Finally, Bank of America lowered their price target on shares of Uber Technologies from $91.00 to $87.00 and set a “buy” rating for the company in a research note on Thursday, May 9th. Two equities research analysts have rated the stock with a hold rating and thirty have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $84.41.

Uber Technologies Price Performance

The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.80. The firm’s 50-day moving average is $67.94 and its 200-day moving average is $69.89. The company has a market cap of $147.37 billion, a PE ratio of 112.13, a PEG ratio of 1.59 and a beta of 1.36.

Uber Technologies (NYSE:UBER) last posted its quarterly earnings data on Wednesday, May 8th. The ride-sharing company reported ($0.32) EPS for the quarter, missing the consensus estimate of $0.21 by ($0.53). Uber Technologies had a return on equity of 12.81% and a net margin of 3.60%. The business had revenue of $10.13 billion for the quarter, compared to the consensus estimate of $10.09 billion. During the same period in the previous year, the firm earned ($0.08) EPS. The company’s revenue was up 14.8% on a year-over-year basis. On average, equities analysts anticipate that Uber Technologies, Inc. will post 0.85 EPS for the current year.

Insider Buying and Selling

In related news, CEO Dara Khosrowshahi sold 500,000 shares of the business’s stock in a transaction dated Friday, May 17th. The shares were sold at an average price of $65.93, for a total transaction of $32,965,000.00. Following the sale, the chief executive officer now owns 1,656,996 shares of the company’s stock, valued at $109,245,746.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CEO Dara Khosrowshahi sold 500,000 shares of the company’s stock in a transaction that occurred on Friday, May 17th. The shares were sold at an average price of $65.93, for a total value of $32,965,000.00. Following the transaction, the chief executive officer now owns 1,656,996 shares in the company, valued at $109,245,746.28. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Tony West sold 18,750 shares of the company’s stock in a transaction that occurred on Monday, May 13th. The stock was sold at an average price of $65.63, for a total transaction of $1,230,562.50. Following the completion of the transaction, the insider now owns 206,338 shares in the company, valued at approximately $13,541,962.94. The disclosure for this sale can be found here. Insiders have sold 635,984 shares of company stock valued at $42,258,297 over the last quarter. Corporate insiders own 3.80% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in UBER. Financial Management Professionals Inc. lifted its position in 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 purchasing an additional 202 shares during the period. CVA Family Office LLC bought a new position in Uber Technologies in the fourth quarter worth approximately $30,000. Highlander Capital Management LLC raised its position in Uber Technologies by 100.0% in the fourth quarter. Highlander Capital Management LLC now owns 500 shares of the ride-sharing company’s stock worth $31,000 after acquiring an additional 250 shares during the period. Bfsg LLC bought a new position in Uber Technologies in the fourth quarter worth approximately $31,000. Finally, Blue Bell Private Wealth Management LLC raised its position in Uber Technologies by 49.7% in the fourth quarter. Blue Bell Private Wealth Management LLC now owns 524 shares of the ride-sharing company’s stock worth $32,000 after acquiring an additional 174 shares during the period. Institutional investors own 80.24% of the company’s stock.

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.