Uber Technologies (NYSE:UBER) Stock Price Down 0.4%

Uber Technologies, Inc. (NYSE:UBER - Get Free Report)'s stock price dropped 0.4% during mid-day trading on Tuesday . The company traded as low as $63.91 and last traded at $64.38. Approximately 5,065,235 shares were traded during mid-day trading, a decline of 75% from the average daily volume of 20,272,867 shares. The stock had previously closed at $64.65.

Analyst Upgrades and Downgrades

UBER has been the topic of a number of recent analyst reports. KeyCorp lifted their price objective on shares of Uber Technologies from $79.00 to $90.00 and gave the company an "overweight" rating in a research note on Thursday, February 15th. Tigress Financial lifted their price objective on shares of Uber Technologies from $72.00 to $96.00 and gave the company a "buy" rating in a research note on Friday, April 19th. Needham & Company LLC reissued a "buy" rating and issued a $90.00 price objective on shares of Uber Technologies in a research note on Wednesday, May 8th. Mizuho boosted their target price on shares of Uber Technologies from $77.00 to $83.00 and gave the stock a "buy" rating in a research note on Thursday, February 8th. Finally, Jefferies Financial Group decreased their target price on shares of Uber Technologies from $103.00 to $100.00 and set a "buy" rating on the stock in a research note on Thursday, May 9th. Two research analysts have rated the stock with a hold rating and thirty have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $84.38.

Uber Technologies Trading Down 1.0 %

The stock has a market cap of $133.71 billion, a PE ratio of 103.84, a P/E/G ratio of 1.39 and a beta of 1.39. The firm has a 50-day simple moving average of $72.68 and a 200-day simple moving average of $67.29. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.80.

Uber Technologies (NYSE:UBER - Get Free Report) last released its quarterly earnings results on Wednesday, May 8th. The ride-sharing company reported ($0.32) earnings per share for the quarter, missing the consensus estimate of $0.21 by ($0.53). The firm had revenue of $10.13 billion during the quarter, compared to the consensus estimate of $10.09 billion. Uber Technologies had a return on equity of 12.81% and a net margin of 3.60%. The company's revenue for the quarter was up 14.8% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.08) EPS. Equities analysts forecast that Uber Technologies, Inc. will post 0.88 earnings per share for the current year.

Insider Transactions at Uber Technologies

In other news, CEO Dara Khosrowshahi sold 500,000 shares of the company's stock in a transaction on Friday, May 17th. The shares were sold at an average price of $65.93, for a total value of $32,965,000.00. Following the transaction, the chief executive officer now owns 1,656,996 shares of the company's stock, valued at $109,245,746.28. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, insider Tony West sold 18,750 shares of the stock in a transaction on Monday, May 13th. The stock was sold at an average price of $65.63, for a total value of $1,230,562.50. Following the transaction, the insider now owns 206,338 shares of the company's stock, valued at $13,541,962.94. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Dara Khosrowshahi sold 500,000 shares of the stock in a transaction on Friday, May 17th. The shares were sold at an average price of $65.93, for a total value of $32,965,000.00. Following the completion of the transaction, the chief executive officer now directly owns 1,656,996 shares in the company, valued at approximately $109,245,746.28. The disclosure for this sale can be found here. Insiders own 3.84% of the company's stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Covenant Asset Management LLC grew its stake in shares of Uber Technologies by 0.3% during the first quarter. Covenant Asset Management LLC now owns 52,971 shares of the ride-sharing company's stock valued at $4,078,000 after buying an additional 157 shares during the last quarter. Hilltop Holdings Inc. grew its stake in shares of Uber Technologies by 2.9% during the fourth quarter. Hilltop Holdings Inc. now owns 5,634 shares of the ride-sharing company's stock valued at $347,000 after buying an additional 157 shares during the last quarter. Sivia Capital Partners LLC grew its stake in shares of Uber Technologies by 3.3% during the first quarter. Sivia Capital Partners LLC now owns 4,882 shares of the ride-sharing company's stock valued at $376,000 after buying an additional 157 shares during the last quarter. Wellington Shields Capital Management LLC boosted its holdings in shares of Uber Technologies by 6.1% during the first quarter. Wellington Shields Capital Management LLC now owns 2,756 shares of the ride-sharing company's stock worth $212,000 after purchasing an additional 159 shares during the period. Finally, Industrial Alliance Investment Management Inc. boosted its holdings in shares of Uber Technologies by 3.2% during the first quarter. Industrial Alliance Investment Management Inc. now owns 5,170 shares of the ride-sharing company's stock worth $398,000 after purchasing an additional 160 shares during the period. Institutional investors own 80.24% of the company's stock.

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.