Uber Technologies (NYSE:UBER) Shares Down 1% - What's Next?

Uber Technologies, Inc. (NYSE:UBER - Get Free Report) shares fell 1% during trading on Thursday . The company traded as low as $60.61 and last traded at $60.63. 7,698,206 shares traded hands during mid-day trading, a decline of 60% from the average session volume of 19,220,570 shares. The stock had previously closed at $61.23.

Analysts Set New Price Targets

Several research firms recently weighed in on UBER. Evercore ISI raised their price objective on Uber Technologies from $90.00 to $120.00 and gave the company an "outperform" rating in a report on Thursday, October 31st. Daiwa America lowered Uber Technologies from a "strong-buy" rating to a "hold" rating in a research note on Thursday, October 17th. Needham & Company LLC reaffirmed a "buy" rating and issued a $90.00 price objective on shares of Uber Technologies in a research note on Thursday, October 31st. Gordon Haskett upgraded shares of Uber Technologies from a "hold" rating to a "buy" rating and set a $85.00 target price on the stock in a research report on Thursday, October 31st. Finally, KeyCorp decreased their price target on shares of Uber Technologies from $90.00 to $85.00 and set an "overweight" rating for the company in a research report on Friday, November 1st. Six research 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 stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $90.51.

Uber Technologies Trading Down 1.7 %

The company has a market capitalization of $126.78 billion, a P/E ratio of 29.96, a PEG ratio of 0.75 and a beta of 1.33. The business has a fifty day moving average of $72.62 and a 200-day moving average of $71.30. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.41 and a current ratio of 1.41.

Uber Technologies (NYSE:UBER - Get Free Report) last issued its quarterly earnings data 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 net margin of 10.49% and a return on equity of 33.46%. The firm had revenue of $11.19 billion during the quarter, compared to analysts' expectations of $10.99 billion. During the same period last year, the company earned $0.10 earnings per share. The business's revenue was up 20.4% on a year-over-year basis. Analysts anticipate that Uber Technologies, Inc. will post 1.89 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, insider Jill Hazelbaker sold 27,780 shares of the stock in a transaction dated Monday, November 25th. The shares were 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 in the company, valued at $7,821,368.10. This represents a 20.57 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 3.80% of the company's stock.

Institutional Investors Weigh In On Uber Technologies

A number of institutional investors have recently added to or reduced their stakes in UBER. Ameriprise Financial Inc. increased its position in shares of 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 valued at $864,390,000 after purchasing an additional 3,179,308 shares during the last quarter. Edgewood Management LLC increased its holdings in Uber Technologies by 10.5% during the third 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 during the last quarter. AMF Tjanstepension AB purchased a new stake in Uber Technologies during the third quarter worth about $163,468,000. Janus Henderson Group PLC raised its position in Uber Technologies by 18.3% in the third quarter. Janus Henderson Group PLC now owns 13,286,812 shares of the ride-sharing company's stock worth $998,767,000 after acquiring an additional 2,056,273 shares during the period. Finally, Samlyn Capital LLC purchased a new position in Uber Technologies in the second quarter valued at about $134,987,000. 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.