Uber Technologies (NYSE:UBER) Trading Down 1.4%

Uber Technologies, Inc. (NYSE:UBER)’s share price fell 1.4% during mid-day trading on Friday . The stock traded as low as $64.77 and last traded at $64.82. 2,932,433 shares were traded during mid-day trading, a decline of 84% from the average session volume of 18,777,924 shares. The stock had previously closed at $65.74.

Analysts Set New Price Targets

A number of equities analysts have recently commented on UBER shares. 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. Wedbush restated an “outperform” rating and issued a $85.00 target price on shares of Uber Technologies in a report on Wednesday, May 8th. Tigress Financial upped their target price on Uber Technologies from $72.00 to $96.00 and gave the company a “buy” rating in a research report on Friday, April 19th. DA Davidson reiterated a “buy” rating and issued a $81.00 target price on shares of Uber Technologies in a report on Wednesday, May 8th. Finally, Roth Mkm reaffirmed a “buy” rating and set a $89.00 price objective (down previously from $91.00) on shares of Uber Technologies in a research report on Friday, May 10th. Four equities research analysts have rated the stock with a hold rating and thirty have assigned a buy rating to the stock. According to MarketBeat, Uber Technologies presently has a consensus rating of “Moderate Buy” and an average target price of $85.97.

Uber Technologies Stock Performance

The company has a 50-day moving average price of $68.60 and a two-hundred day moving average price of $70.89. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.80. The company has a market capitalization of $135.90 billion, a PE ratio of 104.55, a PEG ratio of 1.44 and a beta of 1.36.

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

Insiders Place Their Bets

In related news, insider Tony West sold 18,750 shares of the firm’s stock in a transaction that occurred on Monday, May 13th. The shares were sold at an average price of $65.63, for a total value of $1,230,562.50. Following the sale, the insider now directly owns 206,338 shares of the company’s stock, valued at $13,541,962.94. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, insider Tony West sold 18,750 shares of the company’s stock in a transaction on Monday, May 13th. The shares were sold at an average price of $65.63, for a total value of $1,230,562.50. Following the completion of the transaction, the insider now directly owns 206,338 shares in the company, valued at $13,541,962.94. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Dara Khosrowshahi sold 500,000 shares of the firm’s stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $71.91, for a total value of $35,955,000.00. Following the sale, the chief executive officer now owns 1,266,114 shares in the company, valued at approximately $91,046,257.74. The disclosure for this sale can be found here. Insiders have sold 1,135,984 shares of company stock worth $78,213,297 in the last ninety days. 3.84% of the stock is currently owned by insiders.

Institutional Trading of Uber Technologies

Several hedge funds and other institutional investors have recently bought and sold shares of UBER. CVA Family Office LLC bought a new position in shares of Uber Technologies during the 4th quarter valued at $30,000. Raymond James Financial Services Advisors Inc. grew its stake in shares of Uber Technologies by 13.0% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 515,916 shares of the ride-sharing company’s stock valued at $31,765,000 after buying an additional 59,494 shares during the last quarter. Schechter Investment Advisors LLC increased its holdings in shares of Uber Technologies by 74.0% in the fourth quarter. Schechter Investment Advisors LLC now owns 16,771 shares of the ride-sharing company’s stock worth $1,033,000 after buying an additional 7,134 shares during the period. IFG Advisory LLC bought a new stake in shares of Uber Technologies in the 4th quarter valued at about $213,000. Finally, Procyon Advisors LLC boosted its holdings in Uber Technologies by 3.6% during the 4th quarter. Procyon Advisors LLC now owns 5,258 shares of the ride-sharing company’s stock valued at $324,000 after acquiring an additional 182 shares during the period. Hedge funds and other institutional investors own 80.24% of the company’s stock.

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.