Uber Technologies (NYSE:UBER) Trading Down 1.9% - Here's What Happened

Uber Technologies, Inc. (NYSE:UBER - Get Free Report) traded down 1.9% during mid-day trading on Friday . The stock traded as low as $69.33 and last traded at $69.57. 3,374,921 shares changed hands during trading, a decline of 83% from the average session volume of 20,269,100 shares. The stock had previously closed at $70.94.

Analysts Set New Price Targets

A number of analysts have commented on the stock. Fox Advisors cut shares of Uber Technologies from an "overweight" rating to an "equal weight" rating in a report on Tuesday, March 11th. The Goldman Sachs Group restated a "buy" rating and issued a $96.00 price objective on shares of Uber Technologies in a research note on Thursday, January 2nd. Wolfe Research lifted their target price on Uber Technologies from $90.00 to $92.00 and gave the company an "outperform" rating in a research report on Friday, January 3rd. Needham & Company LLC restated a "buy" rating and issued a $90.00 price target on shares of Uber Technologies in a research report on Wednesday. Finally, Citizens Jmp downgraded Uber Technologies from a "strong-buy" rating to a "hold" rating in a research note on Thursday, January 2nd. Ten equities research analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $89.97.

Uber Technologies Trading Up 1.9 %

The stock has a fifty day moving average of $73.94 and a 200-day moving average of $71.44. The company has a market cap of $151.15 billion, a PE ratio of 15.85, a PEG ratio of 0.89 and a beta of 1.37. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.41 and a current ratio of 1.07.

Remove Ads

Uber Technologies (NYSE:UBER - Get Free Report) last issued its earnings results 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%. Sell-side analysts anticipate that Uber Technologies, Inc. will post 2.54 EPS for the current fiscal year.

Insider Buying and Selling at Uber Technologies

In other Uber Technologies news, insider Jill Hazelbaker sold 31,000 shares of Uber Technologies stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $81.02, for a total transaction of $2,511,620.00. Following the completion of the sale, 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 document filed with the SEC, which is available at this hyperlink. Also, insider Tony West sold 23,404 shares of the company's stock in a transaction on Thursday, March 13th. The stock was sold at an average price of $70.27, for a total value of $1,644,599.08. Following the completion of the sale, the insider now owns 114,241 shares of the company's stock, valued at $8,027,715.07. This represents a 17.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 77,154 shares of company stock valued at $5,793,869 in the last three months. Company insiders own 3.84% of the company's stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Avion Wealth lifted its position in shares of Uber Technologies by 96.0% in the 4th quarter. Avion Wealth now owns 445 shares of the ride-sharing company's stock worth $26,000 after purchasing an additional 218 shares during the period. Transce3nd LLC bought a new position in Uber Technologies in the fourth quarter worth approximately $27,000. Fourth Dimension Wealth LLC purchased a new stake in Uber Technologies during the fourth quarter worth $27,000. Runnymede Capital Advisors Inc. bought a new stake in Uber Technologies during the 4th quarter valued at $28,000. Finally, GHP Investment Advisors Inc. increased its holdings in shares of Uber Technologies by 85.1% in the 4th quarter. GHP Investment Advisors Inc. now owns 485 shares of the ride-sharing company's stock valued at $29,000 after acquiring an additional 223 shares during the period. Hedge funds and other institutional investors 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.