Uber Technologies (NYSE:UBER) Stock Price Down 0.8% After Insider Selling

Uber Technologies, Inc. (NYSE:UBER - Get Free Report) dropped 0.8% during mid-day trading on Thursday following insider selling activity. The stock traded as low as $89.24 and last traded at $89.71. Approximately 6,836,311 shares changed hands during trading, a decline of 66% from the average daily volume of 20,289,511 shares. The stock had previously closed at $90.41.

Specifically, insider Jill Hazelbaker sold 34,884 shares of the business's stock in a transaction dated 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 sale, the insider now directly owns 102,135 shares in the company, valued at approximately $8,786,674.05. The trade was a 25.46% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Analyst Ratings Changes

Several analysts have recently weighed in on UBER shares. UBS Group boosted their price target on Uber Technologies from $103.00 to $107.00 and gave the stock a "buy" rating in a report on Thursday, May 8th. Benchmark reaffirmed a "hold" rating on shares of Uber Technologies in a research note on Friday, January 31st. KeyCorp lifted their price objective on Uber Technologies from $80.00 to $90.00 and gave the stock an "overweight" rating in a research note on Thursday, May 8th. JMP Securities reaffirmed a "market perform" rating on shares of Uber Technologies in a research note on Thursday. Finally, Fox Advisors lowered Uber Technologies from an "overweight" rating to an "equal weight" rating in a research note on Tuesday, March 11th. Eleven investment analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Uber Technologies currently has an average rating of "Moderate Buy" and an average target price of $92.69.

Uber Technologies Price Performance

The firm has a market capitalization of $187.36 billion, a PE ratio of 19.65, a price-to-earnings-growth ratio of 0.89 and a beta of 1.43. The business has a 50-day moving average of $75.57 and a 200 day moving average of $71.82. The company has a current ratio of 1.07, a quick ratio of 1.41 and a debt-to-equity ratio of 0.37.

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

Institutional Investors Weigh In On Uber Technologies

Institutional investors have recently added to or reduced their stakes in the company. Fiduciary Alliance LLC grew its stake in Uber Technologies by 5.9% in the 4th quarter. Fiduciary Alliance LLC now owns 9,068 shares of the ride-sharing company's stock valued at $547,000 after purchasing an additional 502 shares during the period. Salem Investment Counselors Inc. grew its stake in Uber Technologies by 12.9% in the 4th quarter. Salem Investment Counselors Inc. now owns 3,788 shares of the ride-sharing company's stock valued at $228,000 after purchasing an additional 432 shares during the period. Cooper Financial Group bought a new position in Uber Technologies in the 4th quarter valued at $222,000. Grassi Investment Management grew its stake in Uber Technologies by 0.5% in the 4th quarter. Grassi Investment Management now owns 97,925 shares of the ride-sharing company's stock valued at $5,907,000 after purchasing an additional 500 shares during the period. Finally, AdvisorNet Financial Inc grew its stake in Uber Technologies by 36.3% in the 4th quarter. AdvisorNet Financial Inc now owns 11,352 shares of the ride-sharing company's stock valued at $685,000 after purchasing an additional 3,021 shares during the period. 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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