Uber Technologies (NYSE:UBER) Trading Down 2.4% - Should You Sell?

Uber Technologies, Inc. (NYSE:UBER - Get Free Report) shares traded down 2.4% on Thursday . The stock traded as low as $79.41 and last traded at $79.92. 8,708,791 shares traded hands during trading, a decline of 52% from the average session volume of 17,971,881 shares. The stock had previously closed at $81.90.

Wall Street Analyst Weigh In

UBER has been the subject of a number of research reports. Morgan Stanley lifted their target price on Uber Technologies from $90.00 to $95.00 and gave the company an "overweight" rating in a research note on Tuesday, July 23rd. Oppenheimer upped their price objective on Uber Technologies from $90.00 to $95.00 and gave the stock an "outperform" rating in a research note on Friday, September 27th. Loop Capital raised their target price on Uber Technologies from $83.00 to $84.00 and gave the company a "buy" rating in a research note on Tuesday, September 3rd. Raymond James began coverage on shares of Uber Technologies in a report on Tuesday, September 24th. They set a "strong-buy" rating and a $90.00 price target for the company. Finally, Melius Research initiated coverage on shares of Uber Technologies in a report on Monday, July 22nd. They issued a "hold" rating and a $77.00 price objective on the stock. Five investment 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 company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $88.00.

Uber Technologies Stock Performance

The firm has a market cap of $167.87 billion, a price-to-earnings ratio of 87.80, a price-to-earnings-growth ratio of 1.47 and a beta of 1.33. The firm's 50 day moving average is $74.09 and its 200-day moving average is $70.70. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.21 and a current ratio of 1.21.

Uber Technologies (NYSE:UBER - Get Free Report) last announced its quarterly earnings results on Tuesday, August 6th. The ride-sharing company reported $0.47 earnings per share for the quarter, topping analysts' consensus estimates of $0.31 by $0.16. The company had revenue of $10.70 billion during the quarter, compared to analysts' expectations of $10.57 billion. Uber Technologies had a return on equity of 17.06% and a net margin of 5.02%. The business's quarterly revenue was up 15.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.18 earnings per share. Sell-side analysts anticipate that Uber Technologies, Inc. will post 1.08 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, insider Jill Hazelbaker sold 40,000 shares of Uber Technologies stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $72.00, for a total value of $2,880,000.00. Following the transaction, the insider now owns 127,352 shares of the company's stock, valued at $9,169,344. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 3.80% of the company's stock.

Institutional Investors Weigh In On Uber Technologies

Several hedge funds have recently modified their holdings of the business. Price T Rowe Associates Inc. MD grew its stake in shares of Uber Technologies by 37.8% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 36,425,981 shares of the ride-sharing company's stock valued at $2,804,437,000 after purchasing an additional 9,996,508 shares during the period. GQG Partners LLC grew its position in Uber Technologies by 74.1% in the first quarter. GQG Partners LLC now owns 22,423,451 shares of the ride-sharing company's stock valued at $1,726,381,000 after acquiring an additional 9,541,366 shares during the period. Allen Investment Management LLC grew its position in Uber Technologies by 2,956.5% in the first quarter. Allen Investment Management LLC now owns 5,338,291 shares of the ride-sharing company's stock valued at $410,995,000 after acquiring an additional 5,163,635 shares during the period. Vanguard Group Inc. lifted its holdings in shares of Uber Technologies by 2.2% during the first quarter. Vanguard Group Inc. now owns 171,253,318 shares of the ride-sharing company's stock valued at $13,184,793,000 after acquiring an additional 3,623,951 shares during the period. Finally, Ameriprise Financial Inc. boosted its stake in shares of Uber Technologies by 36.5% in the 2nd quarter. Ameriprise Financial Inc. now owns 11,893,429 shares of the ride-sharing company's stock valued at $864,390,000 after purchasing an additional 3,179,308 shares in the last quarter. 80.24% of the stock is 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.