Uber Technologies (NYSE:UBER) Trading Down 1.2% - Here's Why

Shares of Uber Technologies, Inc. (NYSE:UBER - Get Free Report) dropped 1.2% on Monday . The company traded as low as $60.12 and last traded at $60.42. Approximately 4,295,995 shares were traded during trading, a decline of 78% from the average daily volume of 19,168,201 shares. The stock had previously closed at $61.13.

Analysts Set New Price Targets

UBER has been the topic of several recent analyst reports. Benchmark reaffirmed a "hold" rating on shares of Uber Technologies in a report on Friday, November 1st. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $90.00 price target on shares of Uber Technologies in a research report on Wednesday, December 18th. DA Davidson boosted their price objective on Uber Technologies from $82.00 to $84.00 and gave the company a "buy" rating in a report on Wednesday, November 6th. KeyCorp reduced their target price on Uber Technologies from $90.00 to $85.00 and set an "overweight" rating on the stock in a report on Friday, November 1st. Finally, Jefferies Financial Group boosted their price target on Uber Technologies from $100.00 to $105.00 and gave the company a "buy" rating in a report on Tuesday, October 22nd. Five investment analysts have rated the stock with a hold rating, thirty-two have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Uber Technologies has a consensus rating of "Moderate Buy" and an average target price of $91.31.

Uber Technologies Price Performance

The stock has a market capitalization of $127.96 billion, a price-to-earnings ratio of 30.23, a P/E/G ratio of 0.75 and a beta of 1.33. The business has a 50-day simple moving average of $69.33 and a two-hundred day simple moving average of $70.92. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.70.

Uber Technologies (NYSE:UBER - Get Free Report) last announced its quarterly earnings data on Thursday, October 31st. The ride-sharing company reported $1.20 earnings per share for the quarter, beating the consensus estimate of $0.41 by $0.79. The business had revenue of $11.19 billion during the quarter, compared to analyst estimates of $10.99 billion. Uber Technologies had a return on equity of 33.46% and a net margin of 10.49%. The company's revenue was up 20.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.10 earnings per share. As a group, research analysts predict that Uber Technologies, Inc. will post 1.89 earnings per share for the current fiscal year.

Insider Transactions at Uber Technologies

In related news, insider Jill Hazelbaker sold 27,780 shares of the stock in a transaction on Monday, November 25th. The stock was sold at an average price of $72.90, for a total value of $2,025,162.00. Following the completion of the transaction, the insider now owns 107,289 shares in the company, valued at $7,821,368.10. This trade represents a 20.57 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 3.84% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in UBER. CENTRAL TRUST Co grew its stake in Uber Technologies by 12.3% during the 3rd quarter. CENTRAL TRUST Co now owns 1,160 shares of the ride-sharing company's stock valued at $87,000 after acquiring an additional 127 shares in the last quarter. Procyon Advisors LLC grew its position in Uber Technologies by 2.1% during the third quarter. Procyon Advisors LLC now owns 6,326 shares of the ride-sharing company's stock valued at $476,000 after purchasing an additional 131 shares in the last quarter. DT Investment Partners LLC increased its stake in Uber Technologies by 21.4% in the 3rd quarter. DT Investment Partners LLC now owns 821 shares of the ride-sharing company's stock valued at $62,000 after buying an additional 145 shares during the period. Jmac Enterprises LLC lifted its position in Uber Technologies by 2.1% in the 3rd quarter. Jmac Enterprises LLC now owns 7,340 shares of the ride-sharing company's stock worth $552,000 after buying an additional 150 shares in the last quarter. Finally, Wealthspire Advisors LLC grew its holdings in shares of Uber Technologies by 0.6% during the 2nd quarter. Wealthspire Advisors LLC now owns 24,893 shares of the ride-sharing company's stock valued at $1,809,000 after acquiring an additional 151 shares in the last quarter. 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.