Uber Technologies (NYSE:UBER) Stock Price Down 0.7% - Time to Sell?

Uber Technologies, Inc. (NYSE:UBER - Get Free Report)'s stock price was down 0.7% during trading on Wednesday . The company traded as low as $60.17 and last traded at $60.32. Approximately 14,454,703 shares were traded during trading, a decline of 25% from the average daily volume of 19,204,439 shares. The stock had previously closed at $60.77.

Analysts Set New Price Targets

A number of research firms recently weighed in on UBER. Gordon Haskett raised shares of Uber Technologies from a "hold" rating to a "buy" rating and set a $85.00 target price on the stock in a research note on Thursday, October 31st. Daiwa America lowered Uber Technologies from a "strong-buy" rating to a "hold" rating in a research note on Thursday, October 17th. Truist Financial cut their target price on Uber Technologies from $99.00 to $95.00 and set a "buy" rating for the company in a research report on Friday, November 1st. Oppenheimer upped their price target on Uber Technologies from $90.00 to $95.00 and gave the company an "outperform" rating in a research report on Friday, September 27th. Finally, Daiwa Capital Markets cut Uber Technologies from an "outperform" rating to a "neutral" rating and set a $84.00 price objective for the company. in a report on Thursday, October 17th. Five analysts have rated the stock with a hold rating, thirty-two have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $91.31.

Uber Technologies Price Performance

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 company has a market capitalization of $127.02 billion, a price-to-earnings ratio of 30.01, a price-to-earnings-growth ratio of 0.75 and a beta of 1.33. The company has a 50-day moving average price of $68.54 and a 200-day moving average price of $70.78.

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 the consensus estimate of $0.41 by $0.79. Uber Technologies had a net margin of 10.49% and a return on equity of 33.46%. The firm had revenue of $11.19 billion during the quarter, compared to the consensus estimate of $10.99 billion. During the same quarter in the prior year, the firm earned $0.10 earnings per share. The business's quarterly revenue was up 20.4% on a year-over-year basis. On average, equities research analysts expect that Uber Technologies, Inc. will post 1.89 EPS for the current fiscal year.

Insider Buying and Selling

In other news, insider Jill Hazelbaker sold 27,780 shares of the business's stock in a transaction on Monday, November 25th. The shares were sold at an average price of $72.90, for a total value of $2,025,162.00. Following the sale, the insider now owns 107,289 shares of the company's stock, valued at $7,821,368.10. The trade was a 20.57 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 3.84% of the company's stock.

Institutional Investors Weigh In On Uber Technologies

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. GHP Investment Advisors Inc. increased its holdings in Uber Technologies by 222.7% during the second quarter. GHP Investment Advisors Inc. now owns 355 shares of the ride-sharing company's stock worth $26,000 after buying an additional 245 shares during the last quarter. MCF Advisors LLC lifted its stake in Uber Technologies by 1,038.5% in the 2nd quarter. MCF Advisors LLC now owns 444 shares of the ride-sharing company's stock valued at $32,000 after purchasing an additional 405 shares during the last quarter. Fairfield Financial Advisors LTD bought a new position in Uber Technologies during the second quarter worth about $36,000. Financial Management Professionals Inc. increased its position in Uber Technologies by 104.1% during the third 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 last quarter. Finally, Transcendent Capital Group LLC raised its stake in 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 buying an additional 550 shares during the period. 80.24% of the stock is 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.