Uber Technologies (NYSE:UBER) Stock Price Down 0%

Uber Technologies, Inc. (NYSE:UBER) shares dropped 0% on Friday . The stock traded as low as $72.35 and last traded at $73.30. Approximately 4,866,596 shares changed hands during mid-day trading, a decline of 74% from the average daily volume of 18,776,047 shares. The stock had previously closed at $73.31.

Analyst Upgrades and Downgrades

UBER has been the topic of several research analyst reports. Melius Research 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 on the stock. Wolfe Research started coverage on Uber Technologies in a research note on Tuesday, July 16th. They set an “outperform” rating and a $90.00 price objective on the stock. Piper Sandler boosted their target price on shares of Uber Technologies from $86.00 to $88.00 and gave the company an “overweight” rating in a research note on Tuesday, June 25th. Oppenheimer reissued an “outperform” rating and set a $90.00 target price on shares of Uber Technologies in a report on Wednesday, June 5th. Finally, Bank of America reissued a “buy” rating and issued a $88.00 target price on shares of Uber Technologies in a report on Friday. Four investment analysts have rated the stock with a hold rating and thirty have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $87.50.

Uber Technologies Stock Performance

The firm’s fifty day simple moving average is $69.20 and its 200 day simple moving average is $71.35. The company has a market capitalization of $154.98 billion, a price-to-earnings ratio of 118.23, a PEG ratio of 1.30 and a beta of 1.36. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.21 and a quick ratio of 1.21.

Uber Technologies (NYSE:UBER) last posted 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 net margin of 5.02% and a return on equity of 17.06%. The firm had revenue of $10.70 billion during the quarter, compared to analyst estimates of $10.57 billion. During the same quarter last year, the business posted $0.18 EPS. The company’s revenue was up 15.9% on a year-over-year basis. On average, sell-side analysts forecast that Uber Technologies, Inc. will post 1.04 EPS for the current year.

Insider Activity

In other news, insider Tony West sold 89,234 shares of the company’s stock in a transaction dated Thursday, June 6th. The stock was sold at an average price of $68.18, for a total value of $6,083,974.12. Following the transaction, the insider now owns 124,945 shares in the company, valued at approximately $8,518,750.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other Uber Technologies news, insider Tony West sold 89,234 shares of the stock in a transaction that occurred on Thursday, June 6th. The shares were sold at an average price of $68.18, for a total value of $6,083,974.12. Following the completion of the sale, the insider now owns 124,945 shares in the company, valued at approximately $8,518,750.10. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 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. Over the last quarter, insiders have sold 617,234 shares of company stock worth $44,017,734. 3.84% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. 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. boosted its stake in shares of Uber Technologies by 111.6% during the 1st quarter. Financial Management Professionals Inc. now owns 383 shares of the ride-sharing company’s stock worth $29,000 after acquiring an additional 202 shares in the last quarter. WR Wealth Planners LLC increased its holdings in shares of Uber Technologies by 563.9% during the 2nd 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 during the last quarter. Bfsg LLC bought a new position in shares of Uber Technologies in the 4th quarter valued at approximately $31,000. Finally, J.Safra Asset Management Corp acquired a new stake in Uber Technologies in the 1st quarter worth approximately $32,000. 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.