Uber Technologies (NYSE:UBER) Stock Price Down 1% - What's Next?

Uber Technologies, Inc. (NYSE:UBER - Get Free Report) shares fell 1% during trading on Tuesday . The stock traded as low as $85.60 and last traded at $86.24. 6,470,604 shares traded hands during trading, a decline of 69% from the average session volume of 20,693,906 shares. The stock had previously closed at $87.12.

Wall Street Analysts Forecast Growth

UBER has been the subject of several recent analyst reports. Bank of America boosted their price target on Uber Technologies from $96.00 to $97.00 and gave the stock a "buy" rating in a research note on Thursday, May 8th. DA Davidson boosted their target price on Uber Technologies from $80.00 to $98.00 and gave the stock a "buy" rating in a research report on Thursday, May 8th. Fox Advisors cut shares of Uber Technologies from an "overweight" rating to an "equal weight" rating in a research note on Tuesday, March 11th. Wall Street Zen downgraded shares of Uber Technologies from a "buy" rating to a "hold" rating in a report on Saturday. Finally, Raymond James boosted their price objective on shares of Uber Technologies from $95.00 to $100.00 and gave the company a "strong-buy" rating in a report on Thursday, May 8th. Twelve equities research analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $94.39.

Uber Technologies Trading Up 0.2%

The company's 50 day simple moving average is $80.96 and its 200-day simple moving average is $73.71. The firm has a market cap of $180.94 billion, a P/E ratio of 18.98, a P/E/G ratio of 0.89 and a beta of 1.38. The company has a quick ratio of 1.41, a current ratio of 1.07 and a debt-to-equity ratio of 0.37.

Uber Technologies (NYSE:UBER - Get Free Report) last issued its quarterly earnings results 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. The firm had revenue of $11.53 billion during the quarter, compared to analyst estimates of $11.61 billion. Uber Technologies had a return on equity of 62.60% and a net margin of 22.41%. Uber Technologies's quarterly revenue was up 13.8% compared to the same quarter last year. During the same period last year, the company earned ($0.32) EPS. As a group, research analysts predict that Uber Technologies, Inc. will post 2.54 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, insider Jill Hazelbaker sold 34,884 shares of the firm's stock in a transaction 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 transaction, the insider now owns 102,135 shares in the company, valued at approximately $8,786,674.05. This trade represents a 25.46% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. 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 value of $1,644,599.08. Following the completion of the sale, the insider now owns 114,241 shares of the company's stock, valued at $8,027,715.07. The trade was a 17.00% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 83,788 shares of company stock valued at $6,517,070 in the last 90 days. Company insiders own 3.84% of the company's stock.

Institutional Investors Weigh In On Uber Technologies

A number of hedge funds and other institutional investors have recently made changes to their positions in UBER. Brighton Jones LLC grew its holdings in Uber Technologies by 3.4% in the 4th quarter. Brighton Jones LLC now owns 74,460 shares of the ride-sharing company's stock valued at $4,491,000 after buying an additional 2,474 shares in the last quarter. Revolve Wealth Partners LLC raised its holdings in Uber Technologies by 65.0% in the fourth quarter. Revolve Wealth Partners LLC now owns 15,563 shares of the ride-sharing company's stock valued at $939,000 after acquiring an additional 6,129 shares in the last quarter. Kingsview Wealth Management LLC grew its stake in shares of Uber Technologies by 48.2% during the fourth quarter. Kingsview Wealth Management LLC now owns 24,275 shares of the ride-sharing company's stock worth $1,464,000 after purchasing an additional 7,894 shares in the last quarter. Empowered Funds LLC raised its position in shares of Uber Technologies by 66.0% during the 4th quarter. Empowered Funds LLC now owns 57,877 shares of the ride-sharing company's stock worth $3,491,000 after acquiring an additional 23,019 shares in the last quarter. Finally, Empirical Finance LLC lifted its position in shares of Uber Technologies by 9.6% during the 4th quarter. Empirical Finance LLC now owns 10,035 shares of the ride-sharing company's stock worth $605,000 after buying an additional 875 shares during the last quarter. Institutional investors and hedge funds 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.