Uber Technologies (NYSE:UBER) Stock Price Down 5.9% – What’s Next?

Uber Technologies, Inc. (NYSE:UBER) shares fell 5.9% during mid-day trading on Monday . The company traded as low as $68.43 and last traded at $68.93. 10,729,250 shares traded hands during mid-day trading, a decline of 41% from the average session volume of 18,145,734 shares. The stock had previously closed at $73.25.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. BMO Capital Markets reaffirmed an “outperform” rating and set a $92.00 target price on shares of Uber Technologies in a research note on Friday, October 11th. Roth Mkm raised their target price on shares of Uber Technologies from $89.00 to $90.00 and gave the company a “buy” rating in a report on Wednesday, August 7th. Raymond James began coverage on shares of Uber Technologies in a report on Tuesday, September 24th. They set a “strong-buy” rating and a $90.00 price objective on the stock. Melius Research assumed coverage on shares of Uber Technologies in a report on Monday, July 22nd. They set a “hold” rating and a $77.00 price objective on the stock. Finally, JMP Securities raised their target price on shares of Uber Technologies from $80.00 to $95.00 and gave the stock a “market outperform” rating in a research report on Friday, November 1st. Six equities research analysts have rated the stock with a hold rating, thirty-two have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Uber Technologies presently has a consensus rating of “Moderate Buy” and an average target price of $90.32.

Uber Technologies Stock Down 5.4 %

The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.41 and a current ratio of 1.41. The company has a market cap of $145.99 billion, a PE ratio of 33.89, a PEG ratio of 0.73 and a beta of 1.34. The firm has a fifty day simple moving average of $75.48 and a 200 day simple moving average of $71.10.

Uber Technologies (NYSE:UBER) last posted its quarterly earnings results on Thursday, October 31st. The ride-sharing company reported $1.20 EPS for the quarter, beating the consensus estimate of $0.41 by $0.79. The company had revenue of $11.19 billion during the quarter, compared to analysts’ expectations of $10.99 billion. Uber Technologies had a return on equity of 33.46% and a net margin of 10.49%. The firm’s revenue was up 20.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.10 EPS. Equities research analysts predict that Uber Technologies, Inc. will post 1.83 EPS for the current year.

Insider Transactions at Uber Technologies

In other news, insider Jill Hazelbaker sold 40,000 shares of the business’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $72.00, for a total transaction of $2,880,000.00. Following the completion of the sale, the insider now owns 127,352 shares in the company, valued at approximately $9,169,344. The trade was a 23.90 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 3.80% of the company’s stock.

Hedge Funds Weigh In On Uber Technologies

Institutional investors and hedge funds have recently bought and sold shares of the stock. GHP Investment Advisors Inc. boosted its holdings in Uber Technologies by 222.7% in the 2nd quarter. GHP Investment Advisors Inc. now owns 355 shares of the ride-sharing company’s stock worth $26,000 after acquiring an additional 245 shares during the period. WR Wealth Planners LLC grew its position in shares of Uber Technologies by 563.9% during the second quarter. WR Wealth Planners LLC now owns 405 shares of the ride-sharing company’s stock worth $29,000 after buying an additional 344 shares in the last quarter. MCF Advisors LLC grew its position in shares of Uber Technologies by 1,038.5% during the second quarter. MCF Advisors LLC now owns 444 shares of the ride-sharing company’s stock worth $32,000 after buying an additional 405 shares in the last quarter. Founders Capital Management acquired a new stake in shares of Uber Technologies during the second quarter worth approximately $33,000. Finally, Financial Management Professionals Inc. grew its position in shares of Uber Technologies by 104.1% during the third quarter. Financial Management Professionals Inc. now owns 494 shares of the ride-sharing company’s stock worth $37,000 after buying an additional 252 shares in the last quarter. Hedge funds and other 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.