Uber Technologies (NYSE:UBER) Stock Price Down 2.4% - Time to Sell?

Uber Technologies, Inc. (NYSE:UBER - Get Free Report)'s stock price was down 2.4% during mid-day trading on Friday . The company traded as low as $72.86 and last traded at $73.09. Approximately 2,901,283 shares traded hands during trading, a decline of 85% from the average daily volume of 19,605,588 shares. The stock had previously closed at $74.86.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Wells Fargo & Company dropped their price objective on Uber Technologies from $90.00 to $87.00 and set an "overweight" rating for the company in a report on Thursday, February 6th. DA Davidson reduced their price objective on shares of Uber Technologies from $84.00 to $80.00 and set a "buy" rating on the stock in a research note on Thursday, February 6th. Wolfe Research boosted their target price on shares of Uber Technologies from $90.00 to $92.00 and gave the company an "outperform" rating in a research report on Friday, January 3rd. The Goldman Sachs Group reiterated a "buy" rating and set a $96.00 price target on shares of Uber Technologies in a research report on Thursday, January 2nd. Finally, Truist Financial boosted their price objective on shares of Uber Technologies from $90.00 to $92.00 and gave the company a "buy" rating in a research report on Thursday, March 6th. Ten analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $90.31.

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Uber Technologies Stock Performance

The stock has a market capitalization of $152.53 billion, a P/E ratio of 15.99, a price-to-earnings-growth ratio of 0.89 and a beta of 1.39. The company has a current ratio of 1.07, a quick ratio of 1.41 and a debt-to-equity ratio of 0.37. The company has a 50-day moving average price of $73.44 and a two-hundred day moving average price of $71.76.

Uber Technologies (NYSE:UBER - Get Free Report) 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 return on equity of 62.60% and a net margin of 22.41%. On average, equities analysts forecast that Uber Technologies, Inc. will post 2.54 earnings per share for the current year.

Insiders Place Their Bets

In other Uber Technologies news, insider Tony West sold 23,404 shares of the firm's stock in a transaction that occurred on Thursday, March 13th. The stock was sold at an average price of $70.27, for a total value of $1,644,599.08. Following the completion of the sale, the insider now owns 114,241 shares of the company's stock, valued at approximately $8,027,715.07. This trade represents a 17.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Jill Hazelbaker sold 31,000 shares of the company's stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $81.02, for a total value of $2,511,620.00. Following the transaction, the insider now directly owns 86,973 shares in the company, valued at $7,046,552.46. The trade was a 26.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 77,154 shares of company stock worth $5,793,869. 3.84% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Uber Technologies

A number of institutional investors and hedge funds have recently made changes to their positions in UBER. Avion Wealth lifted its holdings in shares of Uber Technologies by 96.0% in the fourth quarter. Avion Wealth now owns 445 shares of the ride-sharing company's stock valued at $26,000 after purchasing an additional 218 shares in the last quarter. Transce3nd LLC purchased a new stake in Uber Technologies in the 4th quarter valued at $27,000. Fourth Dimension Wealth LLC bought a new position in Uber Technologies during the 4th quarter valued at $27,000. Runnymede Capital Advisors Inc. purchased a new position in Uber Technologies during the 4th quarter worth $28,000. Finally, GHP Investment Advisors Inc. grew its stake in shares of Uber Technologies by 85.1% in the 4th quarter. GHP Investment Advisors Inc. now owns 485 shares of the ride-sharing company's stock worth $29,000 after acquiring an additional 223 shares in the last quarter. Institutional investors and hedge funds own 80.24% of the company's stock.

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.