Uber Technologies (NYSE:UBER) Shares Gap Down to $70.43

Shares of Uber Technologies, Inc. (NYSE:UBER - Get Free Report) gapped down before the market opened on Wednesday . The stock had previously closed at $70.43, but opened at $64.50. Uber Technologies shares last traded at $65.48, with a volume of 27,482,467 shares traded.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the stock. The Goldman Sachs Group increased their price objective on shares of Uber Technologies from $59.00 to $78.00 and gave the stock a "buy" rating in a research report on Thursday, January 11th. Oppenheimer reiterated an "outperform" rating and set a $90.00 price target on shares of Uber Technologies in a research report on Monday, April 29th. Barclays lifted their price target on Uber Technologies from $63.00 to $86.00 and gave the stock an "overweight" rating in a research note on Thursday, February 8th. KeyCorp increased their target price on shares of Uber Technologies from $79.00 to $90.00 and gave the company an "overweight" rating in a report on Thursday, February 15th. Finally, Wedbush restated an "outperform" rating and issued a $85.00 price objective on shares of Uber Technologies in a research report on Wednesday. Two investment analysts have rated the stock with a hold rating and twenty-nine have issued a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $82.55.

Uber Technologies Trading Down 5.7 %

The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.19 and a current ratio of 1.19. The company has a market capitalization of $138.20 billion, a PE ratio of 77.21, a P/E/G ratio of 1.09 and a beta of 1.39. The business has a fifty day moving average price of $74.80 and a 200 day moving average price of $65.83.

Uber Technologies (NYSE:UBER - Get Free Report) last announced its earnings results on Wednesday, February 7th. The ride-sharing company reported $0.66 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.50. Uber Technologies had a return on equity of 18.95% and a net margin of 5.06%. The company had revenue of $9.94 billion during the quarter, compared to the consensus estimate of $9.76 billion. During the same period last year, the firm earned $0.29 earnings per share. The company's revenue was up 15.4% on a year-over-year basis. Analysts expect that Uber Technologies, Inc. will post 1.23 EPS for the current fiscal year.

Insider Activity

In other news, insider Jill Hazelbaker sold 20,000 shares of the business's stock in a transaction that occurred on Wednesday, February 14th. The stock was sold at an average price of $77.83, for a total value of $1,556,600.00. Following the completion of the sale, the insider now directly owns 107,290 shares in the company, valued at approximately $8,350,380.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, insider Tony West sold 18,750 shares of the business's stock in a transaction on Monday, February 12th. The stock was sold at an average price of $70.08, for a total transaction of $1,314,000.00. Following the sale, the insider now directly owns 185,566 shares of the company's stock, valued at $13,004,465.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jill Hazelbaker sold 20,000 shares of the company's stock in a transaction on Wednesday, February 14th. The shares were sold at an average price of $77.83, for a total value of $1,556,600.00. Following the transaction, the insider now directly owns 107,290 shares in the company, valued at $8,350,380.70. The disclosure for this sale can be found here. Company insiders own 3.80% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of UBER. Highlander Capital Management LLC boosted its stake in shares of Uber Technologies by 100.0% during the 4th quarter. Highlander Capital Management LLC now owns 500 shares of the ride-sharing company's stock worth $31,000 after acquiring an additional 250 shares in the last quarter. PFG Investments LLC boosted its stake in shares of Uber Technologies by 374.6% during the 1st quarter. PFG Investments LLC now owns 63,450 shares of the ride-sharing company's stock worth $4,885,000 after acquiring an additional 50,080 shares in the last quarter. Treasurer of the State of North Carolina boosted its stake in shares of Uber Technologies by 0.4% during the 3rd quarter. Treasurer of the State of North Carolina now owns 877,589 shares of the ride-sharing company's stock worth $40,360,000 after acquiring an additional 3,530 shares in the last quarter. Compagnie Lombard Odier SCmA boosted its stake in Uber Technologies by 73.0% during the 4th quarter. Compagnie Lombard Odier SCmA now owns 33,535 shares of the ride-sharing company's stock valued at $2,065,000 after purchasing an additional 14,153 shares during the period. Finally, Financial Enhancement Group LLC bought a new stake in Uber Technologies during the 4th quarter valued at approximately $1,112,000. 80.24% of the stock is owned by institutional investors and hedge funds.

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.