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Uber Technologies (NYSE:UBER) Stock Price Down 0.4% - What's Next?

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Uber Technologies, Inc. (NYSE:UBER - Get Free Report)'s share price was down 0.4% during trading on Friday . The company traded as low as $67.79 and last traded at $68.28. Approximately 8,688,001 shares were traded during mid-day trading, a decline of 67% from the average daily volume of 26,077,301 shares. The stock had previously closed at $68.58.

Analyst Ratings Changes

A number of research firms have weighed in on UBER. Wells Fargo & Company reduced their price objective on shares of Uber Technologies from $97.00 to $90.00 and set an "overweight" rating for the company in a research report on Friday, November 1st. Evercore ISI lifted their target price on shares of Uber Technologies from $90.00 to $120.00 and gave the stock an "outperform" rating in a research note on Thursday, October 31st. Truist Financial reduced their target price on shares of Uber Technologies from $99.00 to $95.00 and set a "buy" rating for the company in a research report on Friday, November 1st. The Goldman Sachs Group restated a "buy" rating and set a $96.00 price target on shares of Uber Technologies in a research report on Thursday, January 2nd. Finally, Bank of America increased their price objective on shares of Uber Technologies from $88.00 to $96.00 and gave the company a "buy" rating in a report on Wednesday, October 23rd. Seven investment analysts have rated the stock with a hold rating, thirty-one have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $91.53.

View Our Latest Stock Analysis on Uber Technologies

Uber Technologies Stock Performance

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 company has a market capitalization of $141.71 billion, a price-to-earnings ratio of 33.48, a price-to-earnings-growth ratio of 0.71 and a beta of 1.36. The stock's fifty day simple moving average is $66.24 and its 200-day simple moving average is $70.37.

Uber Technologies (NYSE:UBER - Get Free Report) last released its earnings results on Thursday, October 31st. The ride-sharing company reported $1.20 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.41 by $0.79. Uber Technologies had a return on equity of 33.46% and a net margin of 10.49%. The firm had revenue of $11.19 billion during the quarter, compared to analyst estimates of $10.99 billion. During the same period last year, the business posted $0.10 earnings per share. Uber Technologies's revenue was up 20.4% compared to the same quarter last year. Analysts predict that Uber Technologies, Inc. will post 1.9 EPS for the current year.

Insider Transactions at Uber Technologies

In other news, insider Jill Hazelbaker sold 27,780 shares of Uber Technologies stock in a transaction 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 directly owns 107,289 shares of the company's stock, valued at approximately $7,821,368.10. The trade was a 20.57 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 3.80% of the company's stock.

Institutional Trading of Uber Technologies

A number of hedge funds and other institutional investors have recently bought and sold shares of UBER. Financial Management Professionals Inc. increased its holdings in shares of Uber Technologies by 104.1% in the 3rd quarter. Financial Management Professionals Inc. now owns 494 shares of the ride-sharing company's stock valued at $37,000 after acquiring an additional 252 shares during the last quarter. Retirement Wealth Solutions LLC acquired a new position in Uber Technologies in the fourth quarter valued at approximately $35,000. Kieckhefer Group LLC purchased a new position in Uber Technologies in the fourth quarter valued at approximately $33,000. Transcendent Capital Group LLC raised its holdings in Uber Technologies by 3,928.6% during the third quarter. Transcendent Capital Group LLC now owns 564 shares of the ride-sharing company's stock worth $42,000 after purchasing an additional 550 shares in the last quarter. Finally, Fortitude Family Office LLC lifted its position in shares of Uber Technologies by 84.7% during the 3rd quarter. Fortitude Family Office LLC now owns 602 shares of the ride-sharing company's stock worth $45,000 after buying an additional 276 shares during the last quarter. 80.24% of the stock is currently owned by institutional investors and hedge funds.

Uber Technologies Company Profile

(Get Free Report)

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.

Further Reading

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