Uber Technologies (NYSE:UBER) Stock Price Down 0.3% - What's Next?

Uber Technologies, Inc. (NYSE:UBER - Get Free Report) shares dropped 0.3% on Monday . The stock traded as low as $90.56 and last traded at $91.49. Approximately 6,355,129 shares changed hands during mid-day trading, a decline of 69% from the average daily volume of 20,331,808 shares. The stock had previously closed at $91.79.

Analysts Set New Price Targets

Several research firms recently commented on UBER. Fox Advisors lowered shares of Uber Technologies from an "overweight" rating to an "equal weight" rating in a research note on Tuesday, March 11th. TD Cowen cut their price objective on shares of Uber Technologies from $90.00 to $88.00 and set a "buy" rating on the stock in a research note on Tuesday, April 8th. Cantor Fitzgerald reiterated an "overweight" rating and issued a $80.00 price objective on shares of Uber Technologies in a research note on Wednesday, April 16th. JMP Securities reissued a "market perform" rating on shares of Uber Technologies in a research note on Thursday. Finally, Benchmark restated a "hold" rating on shares of Uber Technologies in a research report on Friday, January 31st. Eleven 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. According to data from MarketBeat.com, Uber Technologies presently has a consensus rating of "Moderate Buy" and an average target price of $92.69.

Uber Technologies Stock Performance

The company has a market cap of $193.24 billion, a price-to-earnings ratio of 20.27, a price-to-earnings-growth ratio of 0.89 and a beta of 1.43. The stock's fifty day simple moving average is $76.33 and its two-hundred day simple moving average is $71.94. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.41 and a current ratio of 1.07.

Uber Technologies (NYSE:UBER - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The ride-sharing company reported $0.83 earnings per share for the quarter, beating 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 company had revenue of $11.53 billion for the quarter, compared to analyst estimates of $11.61 billion. During the same quarter last year, the business earned ($0.32) EPS. Uber Technologies's revenue for the quarter was up 13.8% on a year-over-year basis. Equities research analysts anticipate that Uber Technologies, Inc. will post 2.54 EPS for the current year.

Insider Activity

In other news, insider Jill Hazelbaker sold 34,884 shares of the business's stock in a transaction dated 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 owns 102,135 shares of the company's stock, valued at approximately $8,786,674.05. The trade was a 25.46% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Tony West sold 23,404 shares of Uber Technologies stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of $70.27, for a total transaction of $1,644,599.08. Following the completion of the transaction, the insider now directly owns 114,241 shares of the company's stock, valued at $8,027,715.07. This trade represents a 17.00% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 114,788 shares of company stock valued at $9,028,690. Company insiders own 3.84% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in UBER. Avion Wealth boosted its holdings in shares of Uber Technologies by 96.0% during the 4th quarter. Avion Wealth now owns 445 shares of the ride-sharing company's stock worth $26,000 after buying an additional 218 shares during the period. Transce3nd LLC bought a new stake in shares of Uber Technologies in the 4th quarter worth about $27,000. Fourth Dimension Wealth LLC bought a new stake in Uber Technologies during the 4th quarter worth about $27,000. Kozak & Associates Inc. grew its holdings in Uber Technologies by 155.9% during the 1st 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 last quarter. Finally, Noble Wealth Management PBC bought a new stake in Uber Technologies during the 1st quarter worth about $27,000. 80.24% of the stock is owned by hedge funds and other institutional investors.

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.

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