Uber Technologies (NYSE:UBER) Trading Down 1.8%

Shares of Uber Technologies, Inc. (NYSE:UBER) traded down 1.8% during trading on Thursday . The company traded as low as $64.40 and last traded at $64.96. 4,007,273 shares traded hands during trading, a decline of 79% from the average session volume of 18,758,600 shares. The stock had previously closed at $66.14.

Analyst Ratings Changes

UBER has been the subject of several research reports. DA Davidson reiterated a “buy” rating and issued a $81.00 target price on shares of Uber Technologies in a research note on Wednesday, May 8th. TD Cowen raised their target price on Uber Technologies from $88.00 to $90.00 and gave the stock a “buy” rating in a research report on Tuesday. BMO Capital Markets reissued an “outperform” rating and issued a $92.00 price target on shares of Uber Technologies in a report on Wednesday, May 15th. Loop Capital reduced their price objective on shares of Uber Technologies from $88.00 to $83.00 and set a “buy” rating for the company in a report on Thursday, May 16th. Finally, Roth Mkm reissued a “buy” rating and issued a $89.00 target price (down previously from $91.00) on shares of Uber Technologies in a research note on Friday, May 10th. Four research analysts have rated the stock with a hold rating and thirty have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $85.97.

Uber Technologies Stock Performance

The stock has a market capitalization of $139.58 billion, a price-to-earnings ratio of 104.77, a price-to-earnings-growth ratio of 1.48 and a beta of 1.36. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.21 and a quick ratio of 1.21. The stock has a 50-day moving average of $68.61 and a 200 day moving average of $70.92.

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

Insider Activity

In related news, CEO Dara Khosrowshahi sold 500,000 shares of the company’s stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $71.91, for a total value of $35,955,000.00. Following the completion of the sale, the chief executive officer now owns 1,266,114 shares in the company, valued at $91,046,257.74. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, insider Tony West sold 89,234 shares of the company’s stock in a transaction on Thursday, June 6th. The shares were sold at an average price of $68.18, for a total value of $6,083,974.12. Following the completion of the sale, the insider now owns 124,945 shares in the company, valued at approximately $8,518,750.10. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Dara Khosrowshahi sold 500,000 shares of Uber Technologies stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $71.91, for a total value of $35,955,000.00. Following the transaction, the chief executive officer now owns 1,266,114 shares in the company, valued at $91,046,257.74. The disclosure for this sale can be found here. Insiders have sold a total of 1,135,984 shares of company stock valued at $78,213,297 in the last 90 days. 3.84% of the stock is owned by company insiders.

Hedge Funds Weigh In On Uber Technologies

Institutional investors have recently modified their holdings of the business. Vanguard Group Inc. boosted its stake in Uber Technologies by 2.2% in the 1st quarter. Vanguard Group Inc. now owns 171,253,318 shares of the ride-sharing company’s stock worth $13,184,793,000 after purchasing an additional 3,623,951 shares during the period. Capital World Investors boosted its position in shares of Uber Technologies by 0.7% during the fourth quarter. Capital World Investors now owns 40,610,127 shares of the ride-sharing company’s stock worth $2,500,366,000 after buying an additional 283,802 shares during the period. Capital Research Global Investors grew its holdings in shares of Uber Technologies by 8.2% during the first quarter. Capital Research Global Investors now owns 39,947,547 shares of the ride-sharing company’s stock worth $3,075,562,000 after buying an additional 3,019,431 shares in the last quarter. Price T Rowe Associates Inc. MD raised its position in Uber Technologies by 37.8% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 36,425,981 shares of the ride-sharing company’s stock valued at $2,804,437,000 after buying an additional 9,996,508 shares during the last quarter. Finally, Norges Bank bought a new stake in Uber Technologies in the 4th quarter valued at approximately $1,415,778,000. 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.