Uber Technologies (NYSE:UBER) Shares Down 0.6% - Here's Why

Shares of Uber Technologies, Inc. (NYSE:UBER - Get Free Report) traded down 0.6% on Tuesday . The company traded as low as $65.32 and last traded at $65.33. 5,025,841 shares were traded during trading, a decline of 80% from the average session volume of 25,752,664 shares. The stock had previously closed at $65.70.

Wall Street Analyst Weigh In

Several equities analysts have commented on the company. Jefferies Financial Group increased their target price on Uber Technologies from $100.00 to $105.00 and gave the company a "buy" rating in a research report on Tuesday, October 22nd. KeyCorp cut their target price on shares of Uber Technologies from $90.00 to $85.00 and set an "overweight" rating on the stock in a research report on Friday, November 1st. Wolfe Research upped their price target on shares of Uber Technologies from $90.00 to $92.00 and gave the company an "outperform" rating in a research report on Friday, January 3rd. Benchmark reiterated a "hold" rating on shares of Uber Technologies in a report on Friday, November 1st. Finally, Daiwa America downgraded Uber Technologies from a "strong-buy" rating to a "hold" rating in a report on Thursday, October 17th. Seven investment analysts have rated the stock with a hold rating, thirty-one have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $91.53.

Uber Technologies Price Performance

The business has a 50-day moving average price of $66.43 and a two-hundred day moving average price of $70.41. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.70. The company has a market capitalization of $144.41 billion, a price-to-earnings ratio of 34.12, a price-to-earnings-growth ratio of 0.71 and a beta of 1.36.

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

Insider Activity at Uber Technologies

In related news, insider Jill Hazelbaker sold 27,780 shares of the company'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 in the company, valued at approximately $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 SEC, which can be accessed through this link. 3.80% of the stock is owned by insiders.

Hedge Funds Weigh In On Uber Technologies

Hedge funds have recently bought and sold shares of the company. Ascent Wealth Partners LLC bought a new position in shares of Uber Technologies during the third quarter valued at about $2,087,000. Teachers Retirement System of The State of Kentucky lifted its position in shares of Uber Technologies by 4.4% during the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 321,726 shares of the ride-sharing company's stock worth $24,180,000 after buying an additional 13,433 shares in the last quarter. Aviso Wealth Management purchased a new position in shares of Uber Technologies in the 3rd quarter worth approximately $2,302,000. Brophy Wealth Management LLC bought a new position in shares of Uber Technologies in the third quarter valued at approximately $1,041,000. Finally, Sumitomo Mitsui Trust Group Inc. increased its position in shares of Uber Technologies by 9.8% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 5,752,471 shares of the ride-sharing company's stock valued at $432,356,000 after acquiring an additional 512,591 shares during the last quarter. 80.24% of the stock is owned by hedge funds and other 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.

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