Uber Technologies (NYSE:UBER) Shares Down 2.9% - Time to Sell?

Shares of Uber Technologies, Inc. (NYSE:UBER - Get Free Report) were down 2.9% during trading on Friday . The company traded as low as $90.53 and last traded at $90.43. Approximately 6,740,001 shares changed hands during mid-day trading, a decline of 68% from the average daily volume of 20,983,176 shares. The stock had previously closed at $93.12.

Wall Street Analyst Weigh In

Several research firms have weighed in on UBER. Citigroup boosted their price target on Uber Technologies from $92.00 to $102.00 and gave the stock a "buy" rating in a research report on Thursday, May 8th. Needham & Company LLC reissued a "buy" rating and set a $90.00 target price on shares of Uber Technologies in a report on Wednesday, May 7th. Bank of America raised their price target on Uber Technologies from $96.00 to $97.00 and gave the company a "buy" rating in a report on Thursday, May 8th. Loop Capital reiterated a "buy" rating and issued a $105.00 price objective (up from $89.00) on shares of Uber Technologies in a report on Wednesday, May 21st. Finally, Cantor Fitzgerald reiterated an "overweight" rating and set a $106.00 price objective (up previously from $96.00) on shares of Uber Technologies in a research report on Wednesday. Twelve analysts have rated the stock with a hold rating and twenty-seven have issued a buy rating to the stock. According to data from MarketBeat, Uber Technologies has an average rating of "Moderate Buy" and an average price target of $94.85.

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 firm has a market capitalization of $190.69 billion, a price-to-earnings ratio of 15.97, a PEG ratio of 1.15 and a beta of 1.38. The business's fifty day simple moving average is $84.83 and its 200 day simple moving average is $75.02.

Uber Technologies (NYSE:UBER - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The ride-sharing company reported $0.83 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.50 by $0.33. Uber Technologies had a net margin of 27.07% and a return on equity of 66.46%. The company had revenue of $11.53 billion for the quarter, compared to analysts' expectations of $11.61 billion. During the same quarter in the prior year, the firm earned ($0.32) EPS. The business's revenue was up 13.8% on a year-over-year basis. On average, research analysts forecast that Uber Technologies, Inc. will post 2.54 EPS for the current year.

Insider Buying and Selling

In related news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the company's stock in a transaction on Monday, May 5th. The stock was sold at an average price of $85.00, for a total transaction of $233,750.00. Following the completion of the sale, the chief financial officer now owns 21,063 shares in the company, valued at approximately $1,790,355. This represents a 11.55% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Jill Hazelbaker sold 34,884 shares of the 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 sale, the insider now directly owns 102,135 shares of the company's stock, valued at $8,786,674.05. The trade was a 25.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.84% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in UBER. Clark Capital Management Group Inc. boosted its stake in shares of Uber Technologies by 11,354.8% in the 4th quarter. Clark Capital Management Group Inc. now owns 402,522 shares of the ride-sharing company's stock worth $24,280,000 after buying an additional 399,008 shares during the last quarter. UMB Bank n.a. increased its position in shares of Uber Technologies by 33.6% during the 1st quarter. UMB Bank n.a. now owns 12,210 shares of the ride-sharing company's stock valued at $890,000 after purchasing an additional 3,073 shares during the last quarter. Revolve Wealth Partners LLC raised its stake in shares of Uber Technologies by 65.0% during the 4th 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 during the period. Mufg Securities Americas Inc. bought a new stake in shares of Uber Technologies during the 4th quarter worth $1,875,000. Finally, APG Asset Management N.V. purchased a new position in shares of Uber Technologies in the 4th quarter worth about $84,687,000. 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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