Uber Technologies (NYSE:UBER) Trading Down 0.4% - Should You Sell?

Shares of Uber Technologies, Inc. (NYSE:UBER - Get Free Report) were down 0.4% during trading on Tuesday . The company traded as low as $59.33 and last traded at $59.98. Approximately 9,152,574 shares traded hands during trading, a decline of 52% from the average daily volume of 19,050,021 shares. The stock had previously closed at $60.25.

Analysts Set New Price Targets

UBER has been the subject of a number of research reports. Daiwa America downgraded shares of Uber Technologies from a "strong-buy" rating to a "hold" rating in a report on Thursday, October 17th. Wells Fargo & Company lowered their price target on Uber Technologies from $97.00 to $90.00 and set an "overweight" rating on the stock in a research report on Friday, November 1st. DA Davidson raised their price objective on shares of Uber Technologies from $82.00 to $84.00 and gave the stock a "buy" rating in a report on Wednesday, November 6th. JMP Securities reissued a "market outperform" rating and issued a $95.00 price objective on shares of Uber Technologies in a research note on Wednesday, December 4th. Finally, Loop Capital raised their target price on Uber Technologies from $84.00 to $86.00 and gave the company a "buy" rating in a research note on Wednesday, November 6th. Six investment analysts have rated the stock with a hold rating, thirty-two have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $90.51.

Uber Technologies Stock Up 1.3 %

The firm's 50 day simple moving average is $73.25 and its 200-day simple moving average is $71.40. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.70. The stock has a market capitalization of $128.51 billion, a price-to-earnings ratio of 29.84, a price-to-earnings-growth ratio of 0.75 and a beta of 1.33.

Uber Technologies (NYSE:UBER - Get Free Report) last released its earnings results on Thursday, October 31st. The ride-sharing company reported $1.20 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.41 by $0.79. Uber Technologies had a return on equity of 33.46% and a net margin of 10.49%. The business had revenue of $11.19 billion for the quarter, compared to the consensus estimate of $10.99 billion. During the same quarter in the previous year, the business earned $0.10 earnings per share. Uber Technologies's quarterly revenue was up 20.4% on a year-over-year basis. Equities analysts expect that Uber Technologies, Inc. will post 1.89 earnings per share 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 position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 3.84% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. GHP Investment Advisors Inc. lifted its holdings in shares of Uber Technologies by 222.7% in the second quarter. GHP Investment Advisors Inc. now owns 355 shares of the ride-sharing company's stock worth $26,000 after acquiring an additional 245 shares during the last quarter. WR Wealth Planners LLC grew its position in Uber Technologies by 563.9% during the 2nd quarter. WR Wealth Planners LLC now owns 405 shares of the ride-sharing company's stock worth $29,000 after acquiring an additional 344 shares during the last quarter. MCF Advisors LLC increased its holdings 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 worth $32,000 after purchasing an additional 405 shares in the last quarter. Fairfield Financial Advisors LTD bought a new position in Uber Technologies in the second quarter valued at about $36,000. Finally, NewSquare Capital LLC boosted its stake in shares of Uber Technologies by 1,509.4% during the second quarter. NewSquare Capital LLC now owns 515 shares of the ride-sharing company's stock valued at $37,000 after purchasing an additional 483 shares in the last quarter. 80.24% of the stock is owned by institutional investors.

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.