Uber Technologies (NYSE:UBER) Shares Down 0.6% - Should You Sell?

Shares of Uber Technologies, Inc. (NYSE:UBER - Get Free Report) dropped 0.6% during mid-day trading on Tuesday . The company traded as low as $65.32 and last traded at $65.33. Approximately 5,025,841 shares traded hands during trading, a decline of 80% from the average daily volume of 25,752,664 shares. The stock had previously closed at $65.70.

Analyst Ratings Changes

A number of equities analysts have recently commented on UBER shares. Evercore ISI raised their target price on shares of Uber Technologies from $90.00 to $120.00 and gave the stock an "outperform" rating in a research report on Thursday, October 31st. Raymond James began coverage on Uber Technologies in a research report on Tuesday, September 24th. They set a "strong-buy" rating and a $90.00 target price for the company. 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 price objective for the company in a report on Thursday, October 31st. Finally, Citizens Jmp cut shares of Uber Technologies from a "strong-buy" rating to a "hold" rating in a report on Thursday, January 2nd. 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's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $91.53.

Uber Technologies Stock Performance

The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.70. The firm has a 50-day moving average price of $66.76 and a two-hundred day moving average price of $70.48. The firm has a market cap of $136.83 billion, a PE ratio of 32.33, a P/E/G ratio of 0.75 and a beta of 1.36.

Uber Technologies (NYSE:UBER - Get Free Report) last issued its 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 net margin of 10.49% and a return on equity of 33.46%. The business had revenue of $11.19 billion during the quarter, compared to analysts' expectations of $10.99 billion. During the same period in the prior year, the business earned $0.10 earnings per share. The company's quarterly revenue was up 20.4% compared to the same quarter last year. Research analysts forecast that Uber Technologies, Inc. will post 1.89 EPS for the current fiscal year.

Insider Activity

In other Uber Technologies news, insider Jill Hazelbaker sold 27,780 shares of the firm's stock in a transaction on Monday, November 25th. The stock was 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 owns 107,289 shares of the company's stock, valued at $7,821,368.10. This trade represents a 20.57 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 3.84% of the company's stock.

Hedge Funds Weigh In On Uber Technologies

Several large investors have recently made changes to their positions in the stock. Ascent Wealth Partners LLC purchased a new position in shares of Uber Technologies in the third quarter valued at approximately $2,087,000. Teachers Retirement System of The State of Kentucky boosted its stake in shares of Uber Technologies by 4.4% in the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 321,726 shares of the ride-sharing company's stock valued at $24,180,000 after buying an additional 13,433 shares during the period. Aviso Wealth Management acquired a new position in shares of Uber Technologies during the third quarter worth about $2,302,000. Brophy Wealth Management LLC purchased a new stake in shares of Uber Technologies during the third quarter worth approximately $1,041,000. Finally, Sumitomo Mitsui Trust Group Inc. raised its holdings in Uber Technologies by 9.8% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 5,752,471 shares of the ride-sharing company's stock valued at $432,356,000 after acquiring an additional 512,591 shares in the last quarter. 80.24% of the stock is currently owned by institutional investors and hedge funds.

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.