Uber Technologies (NYSE:UBER) Shares Down 1.4% - Should You Sell?

Uber Technologies, Inc. (NYSE:UBER - Get Free Report)'s stock price dropped 1.4% on Thursday . The stock traded as low as $70.91 and last traded at $71.70. 5,495,721 shares traded hands during trading, a decline of 73% from the average session volume of 20,238,513 shares. The stock had previously closed at $72.68.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on UBER shares. TD Cowen lowered their price objective on Uber Technologies from $90.00 to $88.00 and set a "buy" rating for the company in a research note on Tuesday, April 8th. Benchmark reaffirmed a "hold" rating on shares of Uber Technologies in a research note on Friday, January 31st. Evercore ISI dropped their price objective on Uber Technologies from $120.00 to $115.00 and set an "outperform" rating on the stock in a research note on Thursday, February 6th. The Goldman Sachs Group reissued a "buy" rating and issued a $96.00 price target on shares of Uber Technologies in a report on Thursday, January 2nd. Finally, UBS Group reiterated a "buy" rating on shares of Uber Technologies in a research report on Friday, February 21st. Ten research analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $89.97.

Uber Technologies Stock Performance

The company has a current ratio of 1.07, a quick ratio of 1.41 and a debt-to-equity ratio of 0.37. The stock has a market capitalization of $152.95 billion, a PE ratio of 16.04, a price-to-earnings-growth ratio of 0.89 and a beta of 1.37. The firm's fifty day moving average price is $73.94 and its two-hundred day moving average price is $71.44.

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Uber Technologies (NYSE:UBER - Get Free Report) last posted its quarterly earnings results on Wednesday, February 5th. The ride-sharing company reported $3.21 earnings per share for the quarter, topping 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%. As a group, equities research analysts forecast that Uber Technologies, Inc. will post 2.54 EPS for the current year.

Insider Activity

In other news, insider Jill Hazelbaker sold 31,000 shares of the business's stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $81.02, for a total value of $2,511,620.00. Following the completion of the transaction, the insider now owns 86,973 shares of the company's stock, valued at $7,046,552.46. The trade was a 26.28 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the company's stock in a transaction on Thursday, March 20th. The stock was sold at an average price of $75.00, for a total value of $206,250.00. Following the sale, the chief financial officer now owns 22,162 shares of the company's stock, valued at approximately $1,662,150. The trade was a 11.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 77,154 shares of company stock worth $5,793,869. Corporate insiders own 3.84% of the company's stock.

Institutional Investors Weigh In On Uber Technologies

Hedge funds have recently modified their holdings of the stock. M&T Bank Corp boosted its holdings in shares of Uber Technologies by 4.8% in the 3rd quarter. M&T Bank Corp now owns 175,104 shares of the ride-sharing company's stock valued at $13,161,000 after buying an additional 7,968 shares during the period. Invst LLC grew its stake in shares of Uber Technologies by 5.0% in the 3rd quarter. Invst LLC now owns 4,108 shares of the ride-sharing company's stock worth $309,000 after purchasing an additional 197 shares during the last quarter. Advisory Resource Group increased its holdings in shares of Uber Technologies by 1.6% in the third quarter. Advisory Resource Group now owns 13,993 shares of the ride-sharing company's stock valued at $1,052,000 after buying an additional 222 shares in the last quarter. Virtu Financial LLC purchased a new position in Uber Technologies in the 3rd quarter worth about $1,328,000. Finally, SkyView Investment Advisors LLC raised its holdings in shares of Uber Technologies by 3.0% during the third quarter. SkyView Investment Advisors LLC now owns 30,280 shares of the ride-sharing company's stock valued at $2,276,000 after acquiring an additional 875 shares during the period. 80.24% of the stock is currently 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.