Uber Technologies (NYSE:UBER) Stock Price Down 0.4%

Uber Technologies, Inc. (NYSE:UBER) traded down 0.4% during mid-day trading on Friday . The company traded as low as $72.11 and last traded at $73.27. 5,283,092 shares changed hands during mid-day trading, a decline of 72% from the average session volume of 18,927,869 shares. The stock had previously closed at $73.53.

Analyst Ratings Changes

A number of brokerages have recently weighed in on UBER. Oppenheimer reiterated an “outperform” rating and set a $90.00 price target on shares of Uber Technologies in a report on Wednesday, June 5th. Wells Fargo & Company lifted their price target on Uber Technologies from $89.00 to $91.00 and gave the company an “overweight” rating in a report on Friday, June 28th. JMP Securities reiterated a “market outperform” rating and set a $80.00 price target on shares of Uber Technologies in a report on Thursday, May 16th. BMO Capital Markets reiterated an “outperform” rating and set a $92.00 price target on shares of Uber Technologies in a report on Wednesday, May 15th. Finally, Piper Sandler lifted their price target on Uber Technologies from $86.00 to $88.00 and gave the company an “overweight” rating in a report on Tuesday, June 25th. Two research analysts have rated the stock with a hold rating and thirty have assigned a buy rating to the stock. According to data from MarketBeat.com, Uber Technologies currently has a consensus rating of “Moderate Buy” and a consensus target price of $84.41.

Uber Technologies Price Performance

The firm has a market capitalization of $152.26 billion, a P/E ratio of 118.18, a price-to-earnings-growth ratio of 1.51 and a beta of 1.36. The business has a 50-day moving average of $68.37 and a 200 day moving average of $70.31. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.80.

Uber Technologies (NYSE:UBER) last issued its earnings results on Wednesday, May 8th. The ride-sharing company reported ($0.32) EPS for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.53). The firm had revenue of $10.13 billion during the quarter, compared to the consensus estimate of $10.09 billion. Uber Technologies had a net margin of 3.60% and a return on equity of 12.81%. The business’s quarterly revenue was up 14.8% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.08) earnings per share. On average, sell-side analysts predict that Uber Technologies, Inc. will post 0.85 earnings per share for the current fiscal year.

Insider Buying and Selling at Uber Technologies

In other Uber Technologies news, insider Tony West sold 28,000 shares of Uber Technologies stock in a transaction dated Thursday, June 13th. The stock was sold at an average price of $70.67, for a total transaction of $1,978,760.00. Following the completion of the transaction, the insider now owns 96,945 shares in the company, valued at approximately $6,851,103.15. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, insider Tony West sold 28,000 shares of the business’s stock in a transaction that occurred on Thursday, June 13th. The stock was sold at an average price of $70.67, for a total value of $1,978,760.00. Following the transaction, the insider now owns 96,945 shares in the company, valued at approximately $6,851,103.15. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Dara Khosrowshahi sold 500,000 shares of the company’s stock in a transaction that occurred on Friday, May 17th. The shares were sold at an average price of $65.93, for a total value of $32,965,000.00. Following the completion of the transaction, the chief executive officer now owns 1,656,996 shares in the company, valued at approximately $109,245,746.28. The disclosure for this sale can be found here. In the last quarter, insiders sold 635,984 shares of company stock worth $42,258,297. Insiders own 3.84% of the company’s stock.

Institutional Investors Weigh In On Uber Technologies

A number of hedge funds and other institutional investors have recently bought and sold shares of UBER. Webster Bank N. A. increased its stake in Uber Technologies by 14,708.3% in the second quarter. Webster Bank N. A. now owns 41,167 shares of the ride-sharing company’s stock valued at $2,992,000 after acquiring an additional 40,889 shares during the last quarter. Beech Hill Advisors Inc. boosted its position in Uber Technologies by 5.1% during the second quarter. Beech Hill Advisors Inc. now owns 107,342 shares of the ride-sharing company’s stock valued at $7,802,000 after buying an additional 5,169 shares during the period. Gilman Hill Asset Management LLC boosted its position in Uber Technologies by 6.1% during the second quarter. Gilman Hill Asset Management LLC now owns 67,981 shares of the ride-sharing company’s stock valued at $4,941,000 after buying an additional 3,928 shares during the period. CRA Financial Services LLC boosted its position in Uber Technologies by 8.4% during the second quarter. CRA Financial Services LLC now owns 3,211 shares of the ride-sharing company’s stock valued at $233,000 after buying an additional 250 shares during the period. Finally, E Fund Management Hong Kong Co. Ltd. boosted its position in Uber Technologies by 149.4% during the second quarter. E Fund Management Hong Kong Co. Ltd. now owns 1,564 shares of the ride-sharing company’s stock valued at $114,000 after buying an additional 937 shares during the period. Institutional investors own 80.24% of the company’s stock.

About Uber Technologies

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.