Uber Technologies (NYSE:UBER) Shares Down 0.6% - What's Next?

Shares of Uber Technologies, Inc. (NYSE:UBER - Get Free Report) fell 0.6% on Thursday . The stock traded as low as $88.15 and last traded at $88.13. 4,665,722 shares were traded during trading, a decline of 80% from the average session volume of 23,439,209 shares. The stock had previously closed at $88.67.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the stock. Fox Advisors downgraded shares of Uber Technologies from an "overweight" rating to an "equal weight" rating in a report on Tuesday, March 11th. Needham & Company LLC restated a "buy" rating and issued a $90.00 price target on shares of Uber Technologies in a research report on Wednesday, May 7th. Barclays upped their price target on Uber Technologies from $86.00 to $97.00 and gave the company an "overweight" rating in a report on Thursday, May 8th. Arete Research upgraded Uber Technologies to a "hold" rating in a report on Tuesday, February 18th. Finally, DA Davidson raised their target price on Uber Technologies from $80.00 to $98.00 and gave the stock a "buy" rating in a research report on Thursday, May 8th. Eleven equities research analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Uber Technologies currently has a consensus rating of "Moderate Buy" and an average price target of $93.69.

Uber Technologies Stock Performance

The stock has a market cap of $184.91 billion, a P/E ratio of 19.37, a price-to-earnings-growth ratio of 0.89 and a beta of 1.43. The stock's 50 day simple moving average is $77.54 and its two-hundred day simple moving average is $72.32. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.07 and a quick ratio of 1.41.

Uber Technologies (NYSE:UBER - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The ride-sharing company reported $0.83 EPS for the quarter, topping analysts' consensus estimates of $0.50 by $0.33. Uber Technologies had a net margin of 22.41% and a return on equity of 62.60%. The business had revenue of $11.53 billion for the quarter, compared to analyst estimates of $11.61 billion. During the same quarter in the previous year, the firm posted ($0.32) earnings per share. The firm's revenue for the quarter was up 13.8% on a year-over-year basis. As a group, research analysts forecast that Uber Technologies, Inc. will post 2.54 EPS for the current year.

Insider Buying and Selling

In other Uber Technologies news, insider Tony West sold 23,404 shares of the stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of $70.27, for a total value of $1,644,599.08. Following the transaction, the insider now directly owns 114,241 shares of the company's stock, valued at $8,027,715.07. This represents a 17.00% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Jill Hazelbaker sold 34,884 shares of the company's stock in a transaction on Monday, May 12th. The shares were sold at an average price of $86.03, for a total value of $3,001,070.52. Following the completion of the transaction, the insider now directly owns 102,135 shares in the company, valued at approximately $8,786,674.05. This represents a 25.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 83,788 shares of company stock worth $6,517,070. Corporate insiders own 3.84% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in UBER. Capital Research Global Investors grew its holdings in shares of Uber Technologies by 79.0% during the fourth quarter. Capital Research Global Investors now owns 118,131,681 shares of the ride-sharing company's stock worth $7,125,728,000 after purchasing an additional 52,125,476 shares during the last quarter. Pershing Square Capital Management L.P. bought a new stake in Uber Technologies in the first quarter worth approximately $2,207,743,000. Norges Bank bought a new position in Uber Technologies in the fourth quarter worth approximately $1,467,754,000. Jennison Associates LLC raised its position in shares of Uber Technologies by 36.9% during the fourth quarter. Jennison Associates LLC now owns 26,460,312 shares of the ride-sharing company's stock worth $1,596,086,000 after purchasing an additional 7,137,512 shares during the period. Finally, Boston Partners bought a new position in shares of Uber Technologies in the fourth quarter valued at $381,057,000. 80.24% of the stock is owned by institutional investors.

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.

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