Uber Technologies (NYSE:UBER) Shares Down 1.8% – Should You Sell?

Shares of Uber Technologies, Inc. (NYSE:UBER) fell 1.8% on Wednesday . The stock traded as low as $73.76 and last traded at $74.25. 3,168,743 shares were traded during mid-day trading, a decline of 84% from the average session volume of 19,605,219 shares. The stock had previously closed at $75.61.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Arete Research upgraded Uber Technologies to a “hold” rating in a report on Tuesday, February 18th. KGI Securities reissued a “neutral” rating and set a $78.00 price target on shares of Uber Technologies in a research report on Tuesday, March 11th. Wells Fargo & Company decreased their target price on shares of Uber Technologies from $90.00 to $87.00 and set an “overweight” rating for the company in a research note on Thursday, February 6th. Truist Financial boosted their price target on Uber Technologies from $90.00 to $92.00 and gave the stock a “buy” rating in a research report on Thursday, March 6th. Finally, JPMorgan Chase & Co. cut their price objective on shares of Uber Technologies from $95.00 to $90.00 and set an “overweight” rating on the stock in a research report on Thursday, February 6th. Ten research analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Uber Technologies has an average rating of “Moderate Buy” and an average target price of $90.31.

Uber Technologies Trading Down 2.5 %

The company has a quick ratio of 1.41, a current ratio of 1.07 and a debt-to-equity ratio of 0.37. The stock has a fifty day simple moving average of $73.06 and a 200 day simple moving average of $71.67. The firm has a market capitalization of $154.02 billion, a P/E ratio of 16.17, a PEG ratio of 0.89 and a beta of 1.39.

Uber Technologies (NYSE:UBER) last released its earnings results on Wednesday, February 5th. The ride-sharing company reported $3.21 EPS for the quarter, topping the consensus estimate of $0.50 by $2.71. Uber Technologies had a net margin of 22.41% and a return on equity of 62.60%. As a group, research analysts forecast that Uber Technologies, Inc. will post 2.54 EPS for the current year.

Insider Buying and Selling at Uber Technologies

In related news, insider Jill Hazelbaker sold 31,000 shares of the business’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $81.02, for a total value of $2,511,620.00. Following the sale, the insider now owns 86,973 shares in the company, valued at approximately $7,046,552.46. The trade was a 26.28 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Nikki Krishnamurthy sold 20,000 shares of the stock in a transaction on Friday, March 14th. The shares were sold at an average price of $71.57, for a total transaction of $1,431,400.00. Following the transaction, the senior vice president now owns 361,908 shares of the company’s stock, valued at $25,901,755.56. This trade represents a 5.24 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 77,154 shares of company stock valued at $5,793,869 in the last 90 days. Insiders own 3.84% of the company’s stock.

Institutional Trading of Uber Technologies

Large investors have recently made changes to their positions in the business. Kingsview Wealth Management LLC lifted its stake in shares of Uber Technologies by 18.4% in the 3rd quarter. Kingsview Wealth Management LLC now owns 16,381 shares of the ride-sharing company’s stock valued at $1,231,000 after purchasing an additional 2,546 shares during the last quarter. Larson Financial Group LLC raised its holdings in Uber Technologies by 38.1% during the 3rd quarter. Larson Financial Group LLC now owns 3,284 shares of the ride-sharing company’s stock valued at $247,000 after buying an additional 906 shares during the period. Independent Advisor Alliance lifted its position in Uber Technologies by 12.1% in the third quarter. Independent Advisor Alliance now owns 35,119 shares of the ride-sharing company’s stock worth $2,640,000 after buying an additional 3,788 shares during the last quarter. DRW Securities LLC bought a new stake in Uber Technologies in the third quarter worth $1,481,000. Finally, Brown Brothers Harriman & Co. boosted its stake in Uber Technologies by 178.1% during the third quarter. Brown Brothers Harriman & Co. now owns 3,613 shares of the ride-sharing company’s stock worth $272,000 after buying an additional 2,314 shares during the period. 80.24% of the stock is currently owned by institutional investors.

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.