Uber Technologies (NYSE:UBER) Shares Down 4.1% - Here's What Happened

Key Points

• Uber shares fell 4.1% to $75.61 in mid-day trading, with volume slightly below the stock’s average daily level.
• Analysts remain broadly positive, with a consensus rating of “Moderate Buy” and an average price target of $104.25, despite Susquehanna recently cutting its target to $90.
• Uber exceeded quarterly EPS expectations by $0.01 and reported 12.2% year-over-year revenue growth, while institutional investors and hedge funds own approximately 80.24% of the stock.

Shares of Uber Technologies, Inc. (NYSE:UBER - Get Free Report) were down 4.1% during mid-day trading on Monday . The stock traded as low as $75.34 and last traded at $75.61. 18,021,357 shares were traded during trading, a decline of 7% from the average daily volume of 19,309,676 shares. The stock had previously closed at $78.82.

Analyst Ratings Changes

UBER has been the subject of a number of analyst reports. Weiss Ratings lowered Uber Technologies from a "hold (c+)" rating to a "hold (c)" rating in a report on Friday, July 24th. Susquehanna reduced their target price on shares of Uber Technologies from $110.00 to $90.00 and set a "positive" rating for the company in a report on Thursday, August 6th. Fox Advisors raised shares of Uber Technologies from a "hold" rating to an "outperform" rating in a research report on Monday, May 11th. TD Cowen reiterated a "buy" rating and set a $118.00 price objective on shares of Uber Technologies in a research note on Thursday, July 16th. Finally, Jefferies Financial Group raised their target price on shares of Uber Technologies from $100.00 to $110.00 and gave the company a "buy" rating in a research note on Monday, August 10th. One investment analyst has rated the stock with a Strong Buy rating, thirty-three have issued a Buy rating, four have given a Hold rating and three have issued a Sell rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $104.25.

Uber Technologies Price Performance

The company has a debt-to-equity ratio of 0.38, a current ratio of 0.84 and a quick ratio of 0.84. The stock has a market cap of $154.44 billion, a price-to-earnings ratio of 16.62, a P/E/G ratio of 6.35 and a beta of 1.13. The stock has a fifty day moving average of $73.72 and a 200 day moving average of $73.43.

Uber Technologies (NYSE:UBER - Get Free Report) last issued its quarterly earnings results on Wednesday, August 5th. The ride-sharing company reported $0.81 earnings per share for the quarter, topping the consensus estimate of $0.80 by $0.01. The company had revenue of $14.19 billion for the quarter, compared to the consensus estimate of $14.24 billion. Uber Technologies had a net margin of 17.34% and a return on equity of 43.36%. Uber Technologies's quarterly revenue was up 12.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.60 EPS. Uber Technologies has set its Q3 2026 guidance at 0.840-0.880 EPS. On average, analysts expect that Uber Technologies, Inc. will post 3.39 EPS for the current fiscal year.

Institutional Investors Weigh In On Uber Technologies

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Osbon Capital Management LLC purchased a new position in Uber Technologies during the fourth quarter valued at approximately $25,000. Nalls Sherbakoff Group LLC purchased a new stake in Uber Technologies in the 4th quarter worth approximately $25,000. Portus Wealth Advisors LLC purchased a new position in shares of Uber Technologies during the 1st quarter valued at approximately $25,000. Measured Wealth Private Client Group LLC purchased a new position in shares of Uber Technologies during the 3rd quarter valued at approximately $25,000. Finally, Lloyd Advisory Services LLC. acquired a new position in shares of Uber Technologies in the 4th quarter valued at $27,000. 80.24% of the stock is owned by institutional investors and hedge funds.

About Uber Technologies

Uber Technologies, Inc is a technology company that operates a global platform connecting riders, drivers, couriers, restaurants and shippers. Founded in 2009 by Garrett Camp and Travis Kalanick and headquartered in San Francisco, Uber developed one of the first large-scale ride-hailing marketplaces and has since expanded into a broader set of mobility and logistics services. The company completed its initial public offering in 2019 and continues to position its app-based network as a multi-modal transportation and delivery platform.

Uber's principal businesses include mobility services (ride-hailing and shared rides), delivery through Uber Eats, and freight logistics via Uber Freight.

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