Uber Technologies (NYSE:UBER) Stock Price Down 2.9% - Should You Sell?

Uber Technologies, Inc. (NYSE:UBER - Get Free Report)'s share price was down 2.9% during mid-day trading on Tuesday . The company traded as low as $91.08 and last traded at $90.64. Approximately 4,273,693 shares changed hands during trading, a decline of 80% from the average daily volume of 21,012,080 shares. The stock had previously closed at $93.30.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. Truist Financial increased their price target on Uber Technologies from $90.00 to $92.00 and gave the stock a "buy" rating in a research note on Thursday, March 6th. Tigress Financial set a $110.00 price objective on shares of Uber Technologies and gave the stock a "buy" rating in a report on Friday, May 23rd. Fox Advisors lowered shares of Uber Technologies from an "overweight" rating to an "equal weight" rating in a research report on Tuesday, March 11th. Wells Fargo & Company increased their price objective on shares of Uber Technologies from $90.00 to $100.00 and gave the company an "overweight" rating in a report on Thursday, May 8th. Finally, Royal Bank Of Canada reissued an "outperform" rating and set a $82.00 target price on shares of Uber Technologies in a report on Monday, May 5th. Twelve equities research analysts have rated the stock with a hold rating and twenty-seven have given a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $94.85.

Uber Technologies Price Performance

The stock has a market capitalization of $192.41 billion, a PE ratio of 16.11, a PEG ratio of 1.19 and a beta of 1.40. The firm's fifty day moving average price is $85.92 and its two-hundred day moving average price is $75.75. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.37.

Uber Technologies (NYSE:UBER - Get Free Report) last announced its earnings results 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. The company had revenue of $11.53 billion for the quarter, compared to analysts' expectations of $11.61 billion. Uber Technologies had a return on equity of 66.46% and a net margin of 27.07%. Uber Technologies's revenue for the quarter was up 13.8% compared to the same quarter last year. During the same period last year, the firm earned ($0.32) EPS. On average, equities analysts predict that Uber Technologies, Inc. will post 2.54 earnings per share for the current year.

Insider Buying and Selling at Uber Technologies

In related news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the firm's stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $85.00, for a total value of $233,750.00. Following the transaction, the chief financial officer owned 21,063 shares of the company's stock, valued at $1,790,355. This trade represents a 11.55% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Jill Hazelbaker sold 34,884 shares of the business's stock in a transaction that occurred 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 sale, the insider owned 102,135 shares of the company's stock, valued at $8,786,674.05. The trade was a 25.46% decrease in their position. The disclosure for this sale can be found here. 3.70% of the stock is owned by company insiders.

Institutional Investors Weigh In On Uber Technologies

Hedge funds have recently modified their holdings of the business. Transce3nd LLC acquired a new position in shares of Uber Technologies during the fourth quarter worth $27,000. Fourth Dimension Wealth LLC purchased a new stake in Uber Technologies in the fourth quarter valued at $27,000. Kozak & Associates Inc. grew its holdings in Uber Technologies by 155.9% during the first quarter. Kozak & Associates Inc. now owns 366 shares of the ride-sharing company's stock worth $27,000 after acquiring an additional 223 shares during the period. Noble Wealth Management PBC acquired a new position in shares of Uber Technologies in the 1st quarter valued at $27,000. Finally, Vision Financial Markets LLC purchased a new stake in shares of Uber Technologies during the 1st quarter worth about $27,000. Hedge funds and other 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.