Uber Technologies (NYSE:UBER) Issues Quarterly Earnings Results

Uber Technologies (NYSE:UBER) announced its quarterly earnings data on Wednesday. The ride-sharing company reported $3.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.50 by $2.71, Zacks reports. Uber Technologies had a net margin of 10.49% and a return on equity of 33.46%.

Uber Technologies Trading Down 7.5 %

Shares of Uber Technologies stock traded down $5.25 on Wednesday, hitting $64.50. 31,048,607 shares of the company traded hands, compared to its average volume of 25,508,875. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.70. The company has a market cap of $135.81 billion, a PE ratio of 32.04, a PEG ratio of 0.77 and a beta of 1.39. The stock’s 50 day moving average price is $65.49 and its 200-day moving average price is $70.09. Uber Technologies has a 52 week low of $54.84 and a 52 week high of $87.00.

Analyst Ratings Changes

Several brokerages have commented on UBER. Loop Capital boosted their price target on shares of Uber Technologies from $84.00 to $86.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. Piper Sandler decreased their target price on Uber Technologies from $98.00 to $82.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 28th. Wolfe Research raised their price target on Uber Technologies from $90.00 to $92.00 and gave the company an “outperform” rating in a report on Friday, January 3rd. Bank of America lifted their price objective on Uber Technologies from $88.00 to $96.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. Finally, JMP Securities reiterated a “market perform” rating on shares of Uber Technologies in a research report on Friday, January 31st. Seven research analysts have rated the stock with a hold rating, thirty-one have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $90.89.

Insider Buying and Selling

In other news, insider Jill Hazelbaker sold 27,780 shares of the company’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $72.90, for a total value of $2,025,162.00. Following the completion of the sale, the insider now owns 107,289 shares of the company’s stock, valued at approximately $7,821,368.10. This represents a 20.57 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 3.80% of the stock is owned by insiders.

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.