Uber Technologies (NYSE:UBER) Shares Down 1.9% - Should You Sell?

Uber Technologies, Inc. (NYSE:UBER - Get Free Report)'s share price traded down 1.9% on Monday . The company traded as low as $67.23 and last traded at $67.30. 27,057,083 shares changed hands during mid-day trading, an increase of 20% from the average session volume of 22,576,684 shares. The stock had previously closed at $68.58.

Analyst Upgrades and Downgrades

UBER has been the subject of several research analyst reports. Royal Bank of Canada increased their price objective on Uber Technologies from $80.00 to $82.00 and gave the stock an "outperform" rating in a research report on Friday, November 1st. Cantor Fitzgerald reiterated an "overweight" rating and issued a $90.00 price target on shares of Uber Technologies in a report on Wednesday, December 18th. Wolfe Research boosted their price objective on shares of Uber Technologies from $90.00 to $92.00 and gave the stock an "outperform" rating in a report on Friday, January 3rd. BMO Capital Markets reaffirmed an "outperform" rating and issued a $92.00 target price on shares of Uber Technologies in a report on Friday, October 11th. Finally, DA Davidson boosted their price target on Uber Technologies from $82.00 to $84.00 and gave the stock a "buy" rating in a research note on Wednesday, November 6th. Seven analysts have rated the stock with a hold rating, thirty-one have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, Uber Technologies currently has a consensus rating of "Moderate Buy" and an average price target of $91.53.

Uber Technologies Trading Down 1.9 %

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 firm has a market capitalization of $141.71 billion, a price-to-earnings ratio of 33.48, a P/E/G ratio of 0.71 and a beta of 1.36. The business has a fifty day moving average price of $66.16 and a 200 day moving average price of $70.33.

Uber Technologies (NYSE:UBER - Get Free Report) last announced its quarterly earnings results on Thursday, October 31st. The ride-sharing company reported $1.20 EPS for the quarter, topping the consensus estimate of $0.41 by $0.79. The company had revenue of $11.19 billion during the quarter, compared to analyst estimates of $10.99 billion. Uber Technologies had a return on equity of 33.46% and a net margin of 10.49%. The firm's revenue was up 20.4% on a year-over-year basis. During the same period in the prior year, the firm posted $0.10 earnings per share. As a group, equities analysts forecast that Uber Technologies, Inc. will post 1.9 earnings per share for the current year.

Insider Buying and Selling at Uber Technologies

In other news, insider Jill Hazelbaker sold 27,780 shares of the company's stock in a transaction dated 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 completion of the sale, 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 3.80% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Uber Technologies

Several hedge funds and other institutional investors have recently bought and sold shares of UBER. Assenagon Asset Management S.A. lifted its position in shares of Uber Technologies by 670.6% during the fourth quarter. Assenagon Asset Management S.A. now owns 6,611,557 shares of the ride-sharing company's stock worth $398,809,000 after purchasing an additional 5,753,637 shares in the last quarter. Ameriprise Financial Inc. increased its stake in Uber Technologies by 36.5% during the 2nd quarter. Ameriprise Financial Inc. now owns 11,893,429 shares of the ride-sharing company's stock worth $864,390,000 after buying an additional 3,179,308 shares during the period. Edgewood Management LLC lifted its holdings in Uber Technologies by 10.5% in the 3rd quarter. Edgewood Management LLC now owns 27,552,060 shares of the ride-sharing company's stock worth $2,070,813,000 after buying an additional 2,627,768 shares in the last quarter. AMF Tjanstepension AB purchased a new position in Uber Technologies in the 3rd quarter valued at about $163,468,000. Finally, Nordea Investment Management AB grew its stake in shares of Uber Technologies by 1,370.1% during the fourth quarter. Nordea Investment Management AB now owns 2,215,053 shares of the ride-sharing company's stock valued at $134,144,000 after acquiring an additional 2,064,382 shares in the last quarter. 80.24% of the stock is 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.