Uber Technologies (NYSE:UBER) Stock Price Down 0.6% - Here's Why

Uber Technologies, Inc. (NYSE:UBER - Get Free Report) shares fell 0.6% during trading on Thursday . The stock traded as low as $63.42 and last traded at $66.32. 12,314,473 shares changed hands during mid-day trading, a decline of 49% from the average session volume of 24,349,268 shares. The stock had previously closed at $66.75.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on UBER. Bank of America boosted their price target 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. Loop Capital raised their target price on Uber Technologies from $84.00 to $86.00 and gave the stock a "buy" rating in a research report on Wednesday, November 6th. KeyCorp dropped their price target on Uber Technologies from $90.00 to $85.00 and set an "overweight" rating on the stock in a research report on Friday, November 1st. Gordon Haskett upgraded Uber Technologies from a "hold" rating to a "buy" rating and set a $85.00 target price for the company in a report on Thursday, October 31st. Finally, Daiwa Capital Markets downgraded Uber Technologies from an "outperform" rating to a "neutral" rating and set a $84.00 price target on the stock. in a report on Thursday, October 17th. Seven research analysts have rated the stock with a hold rating, thirty-one have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Uber Technologies presently has an average rating of "Moderate Buy" and an average price target of $91.08.

Uber Technologies Stock Down 0.2 %

The firm's 50-day simple moving average is $65.77 and its two-hundred day simple moving average is $70.17. The stock has a market cap of $140.21 billion, a price-to-earnings ratio of 33.13, a PEG ratio of 0.77 and a beta of 1.36. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.41 and a current ratio of 1.41.

Uber Technologies (NYSE:UBER - Get Free Report) last posted its quarterly earnings data on Thursday, October 31st. The ride-sharing company reported $1.20 earnings per share for the quarter, topping the consensus estimate of $0.41 by $0.79. The firm had revenue of $11.19 billion during the quarter, compared to analysts' expectations of $10.99 billion. Uber Technologies had a net margin of 10.49% and a return on equity of 33.46%. Uber Technologies's revenue was up 20.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.10 EPS. On average, sell-side analysts expect that Uber Technologies, Inc. will post 1.86 EPS for the current fiscal year.

Insider Activity

In other news, insider Jill Hazelbaker sold 27,780 shares of the stock in a transaction 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 of the company's stock, valued at $7,821,368.10. This represents a 20.57 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 3.84% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Uber Technologies

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Avion Wealth raised its stake in Uber Technologies by 96.0% during 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 during the period. GHP Investment Advisors Inc. lifted its holdings in shares of Uber Technologies by 85.1% during the 4th 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 in the last quarter. Kieckhefer Group LLC acquired a new position in shares of Uber Technologies in the 4th quarter valued at approximately $33,000. Retirement Wealth Solutions LLC bought a new stake in Uber Technologies during the 4th quarter worth approximately $35,000. Finally, Financial Management Professionals Inc. raised its holdings in Uber Technologies by 104.1% during the 3rd quarter. Financial Management Professionals Inc. now owns 494 shares of the ride-sharing company's stock worth $37,000 after buying an additional 252 shares during the period. Institutional investors 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.

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