Uber Technologies (NYSE:UBER) Stock Price Down 1.5% - Here's Why

Uber Technologies, Inc. (NYSE:UBER - Get Free Report) shares traded down 1.5% on Monday . The stock traded as low as $70.50 and last traded at $71.69. 4,303,355 shares were traded during trading, a decline of 79% from the average session volume of 20,037,168 shares. The stock had previously closed at $72.75.

Analysts Set New Price Targets

Several equities analysts have commented on UBER shares. Arete Research raised shares of Uber Technologies to a "hold" rating in a research report on Tuesday, February 18th. Royal Bank of Canada restated an "outperform" rating and set a $82.00 price target on shares of Uber Technologies in a report on Thursday, February 6th. Citigroup decreased their price objective on Uber Technologies from $98.00 to $92.00 and set a "buy" rating for the company in a research note on Thursday, February 6th. Wolfe Research upped their target price on shares of Uber Technologies from $90.00 to $92.00 and gave the stock an "outperform" rating in a research note on Friday, January 3rd. Finally, The Goldman Sachs Group reaffirmed a "buy" rating and issued a $96.00 target price on shares of Uber Technologies in a report on Thursday, January 2nd. Ten research analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Uber Technologies currently has a consensus rating of "Moderate Buy" and an average target price of $90.31.

Uber Technologies Stock Performance

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 moving average price of $73.66 and a 200-day moving average price of $71.80. The firm has a market cap of $152.77 billion, a price-to-earnings ratio of 16.02, a price-to-earnings-growth ratio of 0.89 and a beta of 1.39.

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Uber Technologies (NYSE:UBER - Get Free Report) last announced its quarterly earnings data on Wednesday, February 5th. The ride-sharing company reported $3.21 earnings per share (EPS) for the quarter, beating 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%. On average, analysts expect that Uber Technologies, Inc. will post 2.54 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, insider Jill Hazelbaker sold 31,000 shares of the company's stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $81.02, for a total transaction of $2,511,620.00. Following the transaction, the insider now directly owns 86,973 shares of the company's stock, valued at $7,046,552.46. This represents a 26.28 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the firm's stock in a transaction dated Thursday, March 20th. The shares were sold at an average price of $75.00, for a total transaction of $206,250.00. Following the completion of the sale, the chief financial officer now owns 22,162 shares of the company's stock, valued at $1,662,150. This trade represents a 11.04 % 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 over the last ninety days. Corporate insiders own 3.84% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in UBER. Avion Wealth boosted its position in shares of Uber Technologies by 96.0% in the 4th quarter. Avion Wealth now owns 445 shares of the ride-sharing company's stock worth $26,000 after buying an additional 218 shares in the last quarter. Transce3nd LLC acquired a new stake in Uber Technologies in the 4th quarter worth about $27,000. Fourth Dimension Wealth LLC purchased a new stake in Uber Technologies in the 4th quarter valued at about $27,000. Runnymede Capital Advisors Inc. acquired a new stake in shares of Uber Technologies in the fourth quarter worth approximately $28,000. Finally, GHP Investment Advisors Inc. grew its holdings in Uber Technologies by 85.1% in the fourth quarter. GHP Investment Advisors Inc. now owns 485 shares of the ride-sharing company's stock valued at $29,000 after purchasing an additional 223 shares during the period. 80.24% of the stock is currently owned by institutional investors and hedge funds.

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.