Uber Technologies (NYSE:UBER) Shares Down 2.3%

Shares of Uber Technologies, Inc. (NYSE:UBER - Get Free Report) traded down 2.3% during trading on Thursday . The stock traded as low as $63.80 and last traded at $63.96. 5,681,991 shares traded hands during mid-day trading, a decline of 72% from the average session volume of 20,263,525 shares. The stock had previously closed at $65.48.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. Royal Bank of Canada reduced their target price on shares of Uber Technologies from $85.00 to $80.00 and set an "outperform" rating for the company in a research note on Thursday, May 9th. Piper Sandler raised their price objective on shares of Uber Technologies from $78.00 to $92.00 and gave the company an "overweight" rating in a research note on Friday, March 15th. BTIG Research raised their price objective on shares of Uber Technologies from $80.00 to $90.00 and gave the company a "buy" rating in a research note on Thursday, February 22nd. Susquehanna raised their price objective on shares of Uber Technologies from $60.00 to $85.00 and gave the company a "positive" rating in a research note on Thursday, February 8th. Finally, Roth Mkm reiterated a "buy" rating and issued a $89.00 price objective (down previously from $91.00) on shares of Uber Technologies in a research note on Friday, May 10th. Two analysts have rated the stock with a hold rating and thirty have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $84.38.

Uber Technologies Stock Down 2.9 %

The firm's 50-day moving average price is $71.86 and its 200 day moving average price is $67.37. The firm has a market cap of $132.90 billion, a P/E ratio of 102.59, a price-to-earnings-growth ratio of 1.35 and a beta of 1.39. 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) EPS for the quarter, missing the consensus estimate of $0.21 by ($0.53). The firm had revenue of $10.13 billion for 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 firm's revenue was up 14.8% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.08) EPS. As a group, research analysts expect that Uber Technologies, Inc. will post 0.88 earnings per share for the current year.

Insider Buying and Selling

In related news, CEO Dara Khosrowshahi sold 500,000 shares of the company's stock in a transaction dated 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 sale, 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 filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Uber Technologies news, insider Tony West sold 18,750 shares of the company's stock in a transaction dated Monday, May 13th. The shares were sold at an average price of $65.63, for a total transaction of $1,230,562.50. Following the completion of the sale, the insider now directly 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 Securities & Exchange Commission, which is available through this link. Also, CEO Dara Khosrowshahi sold 500,000 shares of the company's stock in a transaction dated Friday, May 17th. The shares were sold at an average price of $65.93, for a total transaction of $32,965,000.00. Following the sale, the chief executive officer now directly owns 1,656,996 shares of the company's stock, valued at $109,245,746.28. The disclosure for this sale can be found here. Corporate insiders own 3.84% of the company's stock.

Institutional Trading of Uber Technologies

Hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. increased its holdings in shares of Uber Technologies by 2.2% in the 1st quarter. Vanguard Group Inc. now owns 171,253,318 shares of the ride-sharing company's stock valued at $13,184,793,000 after purchasing an additional 3,623,951 shares during the period. Capital World Investors increased its holdings in Uber Technologies by 0.7% in the fourth quarter. Capital World Investors now owns 40,610,127 shares of the ride-sharing company's stock worth $2,500,366,000 after buying an additional 283,802 shares during the last quarter. Capital Research Global Investors increased its holdings in Uber Technologies by 8.2% in the first quarter. Capital Research Global Investors now owns 39,947,547 shares of the ride-sharing company's stock worth $3,075,562,000 after buying an additional 3,019,431 shares during the last quarter. Price T Rowe Associates Inc. MD increased its holdings in Uber Technologies by 37.8% in the first quarter. Price T Rowe Associates Inc. MD now owns 36,425,981 shares of the ride-sharing company's stock worth $2,804,437,000 after buying an additional 9,996,508 shares during the last quarter. Finally, Norges Bank acquired a new position in Uber Technologies in the fourth quarter worth approximately $1,415,778,000. 80.24% of the stock is owned by hedge funds and other institutional investors.

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.