Uber Technologies (NYSE:UBER) Releases Quarterly Earnings Results

Uber Technologies (NYSE:UBER) released its quarterly earnings results on Wednesday. The ride-sharing company reported $3.21 EPS for the quarter, beating the consensus estimate of $0.50 by $2.71, Zacks reports. Uber Technologies had a net margin of 10.49% and a return on equity of 33.46%.

Uber Technologies Stock Down 7.3 %

NYSE:UBER traded down $5.06 on Wednesday, reaching $64.69. The stock had a trading volume of 21,732,792 shares, compared to its average volume of 25,393,961. The company has a 50-day moving average of $65.49 and a 200 day moving average of $70.09. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.70. The stock has a market cap of $136.22 billion, a P/E ratio of 32.23, a price-to-earnings-growth ratio of 0.77 and a beta of 1.39. Uber Technologies has a 12-month low of $54.84 and a 12-month high of $87.00.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Cantor Fitzgerald raised their price target on Uber Technologies from $75.00 to $80.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 28th. Daiwa Capital Markets lowered shares of Uber Technologies from an “outperform” rating to a “neutral” rating and set a $84.00 target price on the stock. in a report on Thursday, October 17th. JMP Securities reaffirmed a “market perform” rating on shares of Uber Technologies in a research note on Friday, January 31st. Tigress Financial boosted their price objective on shares of Uber Technologies from $96.00 to $103.00 and gave the company a “buy” rating in a research report on Monday, November 25th. Finally, Jefferies Financial Group raised their target price on shares of Uber Technologies from $100.00 to $105.00 and gave the stock a “buy” rating in a research report on Tuesday, October 22nd. Seven equities research analysts have rated the stock with a hold rating, thirty-one have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $90.89.

Insider Transactions at Uber Technologies

In other news, insider Jill Hazelbaker sold 27,780 shares of the firm’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $72.90, for a total transaction of $2,025,162.00. Following the completion of the sale, the insider now owns 107,289 shares of the company’s stock, valued at approximately $7,821,368.10. This trade represents a 20.57 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 3.80% 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.