Uber Technologies (NYSE:UBER) Trading Down 2.1%

Uber Technologies, Inc. (NYSE:UBER) shares were down 2.1% during trading on Friday . The company traded as low as $69.65 and last traded at $69.75. Approximately 2,333,245 shares changed hands during trading, a decline of 87% from the average daily volume of 18,321,760 shares. The stock had previously closed at $71.25.

Analyst Upgrades and Downgrades

UBER has been the topic of a number of recent analyst reports. Oppenheimer reiterated an “outperform” rating and issued a $90.00 price objective on shares of Uber Technologies in a research report on Wednesday, June 5th. Needham & Company LLC reiterated a “buy” rating and issued a $90.00 price target on shares of Uber Technologies in a report on Wednesday, August 7th. Cantor Fitzgerald started coverage on shares of Uber Technologies in a research report on Thursday. They issued an “overweight” rating and a $90.00 target price for the company. Evercore ISI lifted their target price on shares of Uber Technologies from $80.00 to $90.00 and gave the company an “outperform” rating in a research note on Wednesday, August 7th. Finally, TD Cowen increased their price target on shares of Uber Technologies from $88.00 to $90.00 and gave the stock a “buy” rating in a research note on Tuesday, July 23rd. Four analysts have rated the stock with a hold rating and thirty-one have given a buy rating to the stock. Based on data from MarketBeat, Uber Technologies has an average rating of “Moderate Buy” and a consensus price target of $87.60.

Uber Technologies Price Performance

The firm has a 50 day moving average price of $69.59 and a 200 day moving average price of $71.32. The stock has a market capitalization of $144.68 billion, a PE ratio of 112.00, a price-to-earnings-growth ratio of 1.31 and a beta of 1.33. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.72.

Uber Technologies (NYSE:UBER) last issued its quarterly earnings results 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 business had revenue of $10.70 billion during the quarter, compared to analysts’ expectations of $10.57 billion. During the same quarter in the prior year, the business posted $0.18 earnings per share. The business’s quarterly revenue was up 15.9% on a year-over-year basis. Research analysts anticipate that Uber Technologies, Inc. will post 1.05 earnings per share for the current year.

Insiders Place Their Bets

In other Uber Technologies news, CEO Dara Khosrowshahi sold 500,000 shares of the company’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 completion of the transaction, 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 the SEC website. In related news, insider Tony West sold 28,000 shares of the stock in a transaction dated Thursday, June 13th. The stock was sold at an average price of $70.67, for a total transaction of $1,978,760.00. Following the completion of the sale, the insider now owns 96,945 shares in the company, valued at $6,851,103.15. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Dara Khosrowshahi sold 500,000 shares of the business’s stock in a transaction that occurred 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 directly owns 1,266,114 shares in the company, valued at $91,046,257.74. The disclosure for this sale can be found here. 3.84% of the stock is owned by company insiders.

Institutional Investors Weigh In On Uber Technologies

Several institutional investors and hedge funds have recently modified their holdings of UBER. GHP Investment Advisors Inc. lifted its position in Uber Technologies by 222.7% during the second 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. lifted its holdings in shares of Uber Technologies by 111.6% in the 1st 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 grew its position in Uber Technologies by 563.9% in the second quarter. WR Wealth Planners LLC now owns 405 shares of the ride-sharing company’s stock worth $29,000 after acquiring an additional 344 shares in the last quarter. J.Safra Asset Management Corp bought a new stake in Uber Technologies during the first quarter worth approximately $32,000. Finally, MCF Advisors LLC raised its position in Uber Technologies by 1,038.5% during the second quarter. MCF Advisors LLC now owns 444 shares of the ride-sharing company’s stock valued at $32,000 after purchasing an additional 405 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.