Uber Technologies (NYSE:UBER) Stock Price Down 1.1% – Should You Sell?

Uber Technologies, Inc. (NYSE:UBER)’s stock price traded down 1.1% on Wednesday . The stock traded as low as $81.97 and last traded at $82.30. 2,565,693 shares traded hands during trading, a decline of 86% from the average session volume of 17,969,033 shares. The stock had previously closed at $83.20.

Analyst Ratings Changes

Several brokerages have recently issued reports on UBER. Roth Mkm lifted their price objective on shares of Uber Technologies from $89.00 to $90.00 and gave the stock a “buy” rating in a research note on Wednesday, August 7th. Daiwa America lowered shares of Uber Technologies from a “strong-buy” rating to a “hold” rating in a research report on Thursday. DA Davidson reiterated a “buy” rating and set a $82.00 price objective on shares of Uber Technologies in a research report on Thursday. JMP Securities raised their price objective on Uber Technologies from $75.00 to $80.00 and gave the stock a “market outperform” rating in a research note on Wednesday, August 7th. Finally, Truist Financial boosted their target price on Uber Technologies from $88.00 to $99.00 and gave the stock a “buy” rating in a research report on Monday, October 7th. Six analysts have rated the stock with a hold rating, thirty-one have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $88.51.

Uber Technologies Stock Down 0.9 %

The company has a market cap of $165.41 billion, a price-to-earnings ratio of 128.02, a PEG ratio of 1.47 and a beta of 1.33. The business has a 50-day simple moving average of $74.09 and a two-hundred day simple moving average of $70.70. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.72.

Uber Technologies (NYSE:UBER) last posted its earnings results on Tuesday, August 6th. The ride-sharing company reported $0.47 earnings per share for the quarter, topping the consensus estimate of $0.31 by $0.16. Uber Technologies had a return on equity of 17.06% and a net margin of 5.02%. The firm had revenue of $10.70 billion during the quarter, compared to analyst estimates of $10.57 billion. During the same period in the previous year, the company earned $0.18 EPS. The company’s revenue for the quarter was up 15.9% on a year-over-year basis. As a group, equities analysts forecast that Uber Technologies, Inc. will post 1.08 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, insider Jill Hazelbaker sold 40,000 shares of the firm’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $72.00, for a total value of $2,880,000.00. Following the sale, the insider now directly owns 127,352 shares of the company’s stock, valued at approximately $9,169,344. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 3.84% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in UBER. Commonwealth Equity Services LLC grew its holdings in shares of Uber Technologies by 1.5% during the 3rd quarter. Commonwealth Equity Services LLC now owns 577,915 shares of the ride-sharing company’s stock worth $43,436,000 after purchasing an additional 8,704 shares in the last quarter. First Citizens Bank & Trust Co. lifted its position in Uber Technologies by 16.6% in the third quarter. First Citizens Bank & Trust Co. now owns 10,077 shares of the ride-sharing company’s stock worth $757,000 after purchasing an additional 1,438 shares during the period. Blue Trust Inc. boosted its stake in Uber Technologies by 36.0% during the third quarter. Blue Trust Inc. now owns 19,715 shares of the ride-sharing company’s stock worth $1,433,000 after buying an additional 5,222 shares in the last quarter. Moss Adams Wealth Advisors LLC raised its stake in shares of Uber Technologies by 9.6% in the 3rd quarter. Moss Adams Wealth Advisors LLC now owns 13,259 shares of the ride-sharing company’s stock valued at $997,000 after buying an additional 1,165 shares in the last quarter. Finally, Generate Investment Management Ltd raised its stake in shares of Uber Technologies by 170.8% in the 3rd quarter. Generate Investment Management Ltd now owns 267,891 shares of the ride-sharing company’s stock valued at $20,135,000 after buying an additional 168,959 shares in the last quarter. 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.