Uber Technologies (NYSE:UBER) Trading Down 1% – Here’s Why

Uber Technologies, Inc. (NYSE:UBER) shares fell 1% during trading on Tuesday . The stock traded as low as $71.10 and last traded at $72.31. 6,852,526 shares were traded during mid-day trading, a decline of 65% from the average session volume of 19,454,580 shares. The stock had previously closed at $73.06.

Analysts Set New Price Targets

A number of research firms have weighed in on UBER. Evercore ISI lowered their target price on Uber Technologies from $120.00 to $115.00 and set an “outperform” rating on the stock in a report on Thursday, February 6th. Truist Financial raised their price objective on shares of Uber Technologies from $90.00 to $92.00 and gave the stock a “buy” rating in a report on Thursday, March 6th. Tigress Financial upped their target price on shares of Uber Technologies from $96.00 to $103.00 and gave the company a “buy” rating in a report on Monday, November 25th. Arete Research upgraded Uber Technologies to a “hold” rating in a research report on Tuesday, February 18th. Finally, Citizens Jmp downgraded shares of Uber Technologies from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 2nd. Ten analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $90.31.

Uber Technologies Trading Down 3.0 %

The company has a quick ratio of 1.41, a current ratio of 1.07 and a debt-to-equity ratio of 0.37. The company has a market capitalization of $148.06 billion, a PE ratio of 15.54, a price-to-earnings-growth ratio of 0.89 and a beta of 1.39. The stock’s 50 day moving average is $71.16 and its two-hundred day moving average is $71.61.

Uber Technologies (NYSE:UBER) last released its quarterly earnings data on Wednesday, February 5th. The ride-sharing company reported $3.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.50 by $2.71. Uber Technologies had a net margin of 22.41% and a return on equity of 62.60%. As a group, sell-side analysts predict that Uber Technologies, Inc. will post 2.54 EPS for the current fiscal year.

Insider Buying and Selling at Uber Technologies

In other Uber Technologies news, insider Jill Hazelbaker sold 31,000 shares of the stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $81.02, for a total transaction of $2,511,620.00. Following the completion of the sale, the insider now directly owns 86,973 shares of the company’s stock, valued at approximately $7,046,552.46. This represents a 26.28 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 3.84% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of UBER. Teachers Retirement System of The State of Kentucky grew its holdings in Uber Technologies by 4.4% in the third quarter. Teachers Retirement System of The State of Kentucky now owns 321,726 shares of the ride-sharing company’s stock worth $24,180,000 after purchasing an additional 13,433 shares during the last quarter. Aviso Wealth Management acquired a new stake in shares of Uber Technologies in the 3rd quarter worth $2,302,000. Polianta Ltd purchased a new position in Uber Technologies during the 4th quarter worth $1,206,000. Allworth Financial LP increased its position in Uber Technologies by 8.9% during the 4th quarter. Allworth Financial LP now owns 20,381 shares of the ride-sharing company’s stock valued at $1,229,000 after buying an additional 1,663 shares in the last quarter. Finally, Brophy Wealth Management LLC purchased a new stake in Uber Technologies in the third quarter valued at about $1,041,000. 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.