Uber Technologies (NYSE:UBER) Trading Down 0.4% - Here's Why

Shares of Uber Technologies, Inc. (NYSE:UBER - Get Free Report) were down 0.4% on Friday . The stock 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 Upgrades and Downgrades

A number of equities analysts have recently issued reports on UBER shares. BMO Capital Markets restated an "outperform" rating and set a $92.00 price objective on shares of Uber Technologies in a research report on Friday, October 11th. Jefferies Financial Group raised their price target on shares of Uber Technologies from $100.00 to $105.00 and gave the stock a "buy" rating in a report on Tuesday, October 22nd. Gordon Haskett raised shares of Uber Technologies from a "hold" rating to a "buy" rating and set a $85.00 price objective on the stock in a research note on Thursday, October 31st. Citizens Jmp downgraded shares of Uber Technologies from a "strong-buy" rating to a "hold" rating in a research note on Thursday, January 2nd. Finally, Wolfe Research upped their price target 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. Seven research analysts have rated the stock with a hold rating, thirty-one have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $91.53.

Uber Technologies Stock Performance

The company's 50 day simple moving average is $66.24 and its 200 day simple moving average is $70.36. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.41 and a current ratio of 1.41. The stock has a market cap of $141.71 billion, a PE ratio of 33.48, a price-to-earnings-growth ratio of 0.71 and a beta of 1.36.

Uber Technologies (NYSE:UBER - Get Free Report) last issued its quarterly earnings results on Thursday, October 31st. The ride-sharing company reported $1.20 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 company had revenue of $11.19 billion during the quarter, compared to the consensus estimate 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% on a year-over-year basis. Analysts expect that Uber Technologies, Inc. will post 1.9 earnings per share for the current year.

Insider Buying and Selling

In related news, insider Jill Hazelbaker sold 27,780 shares of the company's stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $72.90, for a total value of $2,025,162.00. Following the transaction, the insider now owns 107,289 shares in the company, valued at approximately $7,821,368.10. This represents a 20.57 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 3.80% of the stock is owned by insiders.

Institutional Trading of Uber Technologies

Hedge funds have recently made changes to their positions in the company. Kieckhefer Group LLC purchased a new stake in Uber Technologies in the 4th quarter worth about $33,000. Retirement Wealth Solutions LLC bought a new position in Uber Technologies during the fourth quarter worth about $35,000. Financial Management Professionals Inc. increased its stake in shares of Uber Technologies by 104.1% in the third quarter. Financial Management Professionals Inc. now owns 494 shares of the ride-sharing company's stock worth $37,000 after purchasing an additional 252 shares in the last quarter. Transcendent Capital Group LLC raised its position in shares of Uber Technologies by 3,928.6% in the third quarter. Transcendent Capital Group LLC now owns 564 shares of the ride-sharing company's stock valued at $42,000 after purchasing an additional 550 shares during the period. Finally, Fortitude Family Office LLC lifted its stake 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 valued at $45,000 after buying an additional 276 shares in the last quarter. 80.24% of the stock is currently owned by institutional investors.

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.