Uber Technologies (NYSE:UBER) Trading Down 1.1% - What's Next?

Uber Technologies, Inc. (NYSE:UBER - Get Free Report) traded down 1.1% during trading on Monday . The stock traded as low as $93.67 and last traded at $94.35. 4,561,474 shares were traded during trading, a decline of 78% from the average session volume of 21,168,057 shares. The stock had previously closed at $95.39.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the stock. Citigroup boosted their target price on shares of Uber Technologies from $92.00 to $102.00 and gave the company a "buy" rating in a research note on Thursday, May 8th. Loop Capital reiterated a "buy" rating and issued a $105.00 target price (up from $89.00) on shares of Uber Technologies in a research note on Wednesday, May 21st. Wedbush cut shares of Uber Technologies from an "outperform" rating to a "neutral" rating and boosted their target price for the company from $80.00 to $85.00 in a research note on Thursday, May 8th. Royal Bank Of Canada reiterated an "outperform" rating and issued a $82.00 target price on shares of Uber Technologies in a research note on Monday, May 5th. Finally, Wall Street Zen cut shares of Uber Technologies from a "buy" rating to a "hold" rating in a research note on Saturday, July 5th. Thirteen research analysts have rated the stock with a hold rating and twenty-seven have assigned a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $97.63.

Uber Technologies Price Performance

The company has a debt-to-equity ratio of 0.37, a current ratio of 1.02 and a quick ratio of 1.02. The stock's fifty day moving average is $88.64 and its 200-day moving average is $77.98. The stock has a market cap of $196.32 billion, a PE ratio of 16.44, a price-to-earnings-growth ratio of 1.21 and a beta of 1.40.

Uber Technologies (NYSE:UBER - Get Free Report) last announced its earnings results on Wednesday, May 7th. The ride-sharing company reported $0.83 earnings per share for the quarter, topping the consensus estimate of $0.50 by $0.33. The company had revenue of $11.53 billion during the quarter, compared to analyst estimates of $11.61 billion. Uber Technologies had a net margin of 27.07% and a return on equity of 66.46%. Uber Technologies's revenue was up 13.8% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.32) earnings per share. As a group, equities analysts anticipate that Uber Technologies, Inc. will post 2.54 EPS for the current year.

Insider Activity at Uber Technologies

In other news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the company's stock in a transaction that occurred on Monday, July 7th. The shares were sold at an average price of $95.00, for a total value of $261,250.00. Following the transaction, the chief financial officer directly owned 21,975 shares in the company, valued at approximately $2,087,625. This represents a 11.12% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Jill Hazelbaker sold 34,884 shares of the company's stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $86.03, for a total transaction of $3,001,070.52. Following the completion of the transaction, the insider owned 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 90 days, insiders sold 40,384 shares of company stock worth $3,496,071. Company insiders own 3.70% of the company's stock.

Hedge Funds Weigh In On Uber Technologies

Several large investors have recently made changes to their positions in UBER. Clark Capital Management Group Inc. lifted its position in shares of Uber Technologies by 11,354.8% during the fourth quarter. Clark Capital Management Group Inc. now owns 402,522 shares of the ride-sharing company's stock worth $24,280,000 after purchasing an additional 399,008 shares in the last quarter. UMB Bank n.a. lifted its position in shares of Uber Technologies by 33.6% during the first quarter. UMB Bank n.a. now owns 12,210 shares of the ride-sharing company's stock worth $890,000 after purchasing an additional 3,073 shares in the last quarter. Revolve Wealth Partners LLC lifted its position in shares of Uber Technologies by 65.0% during the fourth quarter. Revolve Wealth Partners LLC now owns 15,563 shares of the ride-sharing company's stock worth $939,000 after purchasing an additional 6,129 shares in the last quarter. Mufg Securities Americas Inc. acquired a new stake in shares of Uber Technologies during the fourth quarter worth about $1,875,000. Finally, APG Asset Management N.V. acquired a new stake in shares of Uber Technologies during the fourth quarter worth about $84,687,000. 80.24% of the stock is currently 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.