Uber Technologies (NYSE:UBER) Stock Price Down 1.1% - Here's What Happened

Shares of Uber Technologies, Inc. (NYSE:UBER - Get Free Report) were down 1.1% during mid-day trading on Wednesday . The company traded as low as $69.66 and last traded at $69.85. Approximately 5,229,177 shares were traded during trading, a decline of 73% from the average daily volume of 19,499,425 shares. The stock had previously closed at $70.65.

Wall Street Analyst Weigh In

UBER has been the topic of several analyst reports. Wells Fargo & Company lowered their price target on shares of Uber Technologies from $90.00 to $87.00 and set an "overweight" rating on the stock in a report on Thursday, February 6th. Citigroup cut their target price on shares of Uber Technologies from $98.00 to $92.00 and set a "buy" rating on the stock in a research report on Thursday, February 6th. Citizens Jmp cut Uber Technologies from a "strong-buy" rating to a "hold" rating in a research note on Thursday, January 2nd. Benchmark reaffirmed a "hold" rating on shares of Uber Technologies in a research report on Friday, January 31st. Finally, Arete Research raised Uber Technologies to a "hold" rating in a research report on Tuesday, February 18th. Ten investment analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $90.31.

Uber Technologies Price Performance

The company has a debt-to-equity ratio of 0.37, a current ratio of 1.07 and a quick ratio of 1.41. The stock's fifty day moving average is $71.37 and its 200-day moving average is $71.59. The stock has a market capitalization of $148.79 billion, a PE ratio of 15.62, a P/E/G ratio of 0.89 and a beta of 1.39.

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Uber Technologies (NYSE:UBER - Get Free Report) last announced its quarterly earnings data on Wednesday, February 5th. The ride-sharing company reported $3.21 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.50 by $2.71. Uber Technologies had a net margin of 22.41% and a return on equity of 62.60%. As a group, equities analysts predict that Uber Technologies, Inc. will post 2.54 earnings per share for the current fiscal year.

Insider Activity

In other news, insider Jill Hazelbaker sold 31,000 shares of Uber Technologies stock in a transaction on Tuesday, February 18th. The shares were 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 of the company's stock, valued at $7,046,552.46. The trade was a 26.28 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 3.84% of the company's stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Centaurus Financial Inc. increased its stake in shares of Uber Technologies by 438.7% during the 4th quarter. Centaurus Financial Inc. now owns 94,127 shares of the ride-sharing company's stock valued at $5,678,000 after acquiring an additional 76,653 shares during the last quarter. Castle Rock Wealth Management LLC purchased a new position in shares of Uber Technologies during the 4th quarter valued at approximately $1,115,000. Probity Advisors Inc. boosted its stake in shares of Uber Technologies by 118.8% during the 4th quarter. Probity Advisors Inc. now owns 6,786 shares of the ride-sharing company's stock valued at $409,000 after buying an additional 3,685 shares during the last quarter. Audent Global Asset Management LLC acquired a new stake in shares of Uber Technologies during the 4th quarter valued at approximately $470,000. Finally, Park Square Financial Group LLC acquired a new stake in shares of Uber Technologies during the 4th quarter valued at approximately $276,000. Institutional investors and hedge funds own 80.24% of the company's stock.

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.

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