Uber Technologies (NYSE:UBER) Shares Down 1.4%

Uber Technologies, Inc. (NYSE:UBER)’s stock price fell 1.4% on Wednesday . The stock traded as low as $71.47 and last traded at $71.51. 1,500,295 shares traded hands during trading, a decline of 92% from the average session volume of 18,608,813 shares. The stock had previously closed at $72.56.

Analysts Set New Price Targets

Several analysts recently weighed in on UBER shares. UBS Group reduced their price objective on shares of Uber Technologies from $100.00 to $95.00 and set a “buy” rating on the stock in a research note on Thursday, May 9th. Morgan Stanley raised their price objective on Uber Technologies from $90.00 to $95.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 23rd. BMO Capital Markets reissued an “outperform” rating and set a $92.00 target price on shares of Uber Technologies in a research report on Tuesday, July 30th. TD Cowen boosted their price target on shares of Uber Technologies from $88.00 to $90.00 and gave the stock a “buy” rating in a research report on Tuesday, July 23rd. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $80.00 price objective on shares of Uber Technologies in a research report on Wednesday, August 7th. Four research analysts have rated the stock with a hold rating and thirty have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $87.50.

Uber Technologies Stock Performance

The company has a debt-to-equity ratio of 0.72, a current ratio of 1.21 and a quick ratio of 1.21. The stock has a market capitalization of $149.67 billion, a PE ratio of 115.34, a P/E/G ratio of 1.32 and a beta of 1.36. The stock has a 50 day moving average of $69.37 and a two-hundred day moving average of $71.42.

Uber Technologies (NYSE:UBER) last released its quarterly earnings data on Tuesday, August 6th. The ride-sharing company reported $0.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.31 by $0.16. Uber Technologies had a return on equity of 17.06% and a net margin of 5.02%. The business had revenue of $10.70 billion during the quarter, compared to analyst estimates of $10.57 billion. During the same quarter in the previous year, the firm posted $0.18 EPS. The business’s revenue for the quarter was up 15.9% compared to the same quarter last year. Research analysts expect that Uber Technologies, Inc. will post 1.04 EPS for the current fiscal year.

Insider Transactions at Uber Technologies

In other Uber Technologies news, CEO Dara Khosrowshahi sold 500,000 shares of the business’s stock in a transaction on Monday, July 15th. The stock was sold at an average price of $71.91, for a total transaction of $35,955,000.00. Following the completion of the transaction, the chief executive officer now owns 1,266,114 shares in the company, valued at approximately $91,046,257.74. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, insider Tony West sold 89,234 shares of Uber Technologies stock in a transaction on Thursday, June 6th. The stock was sold at an average price of $68.18, for a total transaction of $6,083,974.12. Following the transaction, the insider now directly owns 124,945 shares in the company, valued at approximately $8,518,750.10. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Dara Khosrowshahi sold 500,000 shares of the company’s stock in a transaction on 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 directly owns 1,266,114 shares of the company’s stock, valued at $91,046,257.74. The disclosure for this sale can be found here. Over the last quarter, insiders sold 617,234 shares of company stock worth $44,017,734. Insiders own 3.84% of the company’s stock.

Institutional Trading of Uber Technologies

Large investors have recently added to or reduced their stakes in the company. International Assets Investment Management LLC raised its stake in shares of Uber Technologies by 23.4% in the 4th quarter. International Assets Investment Management LLC now owns 11,739 shares of the ride-sharing company’s stock valued at $723,000 after acquiring an additional 2,225 shares in the last quarter. Precision Wealth Strategies LLC bought a new stake in Uber Technologies during the fourth quarter valued at about $444,000. Mitchell Mcleod Pugh & Williams Inc. grew its position in shares of Uber Technologies by 12.1% in the fourth quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 6,485 shares of the ride-sharing company’s stock valued at $399,000 after purchasing an additional 700 shares during the last quarter. Choreo LLC increased its stake in shares of Uber Technologies by 57.4% in the fourth quarter. Choreo LLC now owns 15,360 shares of the ride-sharing company’s stock worth $946,000 after purchasing an additional 5,599 shares during the period. Finally, Naviter Wealth LLC acquired a new stake in Uber Technologies in the 4th quarter valued at approximately $244,000. 80.24% of the stock is owned by institutional investors and hedge funds.

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.