Uber Technologies (NYSE:UBER) Trading Down 1.2% - Should You Sell?

Key Points

• Shares of Uber Technologies declined by 1.2% on Wednesday, trading at $96.75, with a significant 37% drop in trading volume compared to the average session.
• Analysts are mostly optimistic, with 28 buy ratings and a consensus price target of $104.09, although a few have set lower targets, like Wedbush's target of $84.
• Uber reported a quarterly earnings of $0.63 per share, exceeding expectations, and seeing an 18.2% year-over-year revenue growth to $12.65 billion.

Shares of Uber Technologies, Inc. (NYSE:UBER - Get Free Report) traded down 1.2% on Wednesday . The company traded as low as $96.57 and last traded at $96.75. 13,399,072 shares were traded during trading, a decline of 37% from the average session volume of 21,348,045 shares. The stock had previously closed at $97.97.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. UBS Group upped their target price on shares of Uber Technologies from $115.00 to $117.00 and gave the stock a "buy" rating in a research note on Thursday, August 7th. Roth Capital increased their price target on shares of Uber Technologies from $93.00 to $110.00 and gave the company a "buy" rating in a research note on Monday, July 14th. Stifel Nicolaus increased their price target on shares of Uber Technologies from $110.00 to $117.00 and gave the company a "buy" rating in a research note on Tuesday, July 29th. Wedbush dropped their price target on shares of Uber Technologies from $85.00 to $84.00 and set a "neutral" rating on the stock in a research note on Thursday, August 7th. Finally, BMO Capital Markets increased their price target on shares of Uber Technologies from $101.00 to $113.00 and gave the company an "outperform" rating in a research note on Thursday, August 7th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating and ten have assigned a Hold rating to the company's stock. According to MarketBeat.com, Uber Technologies presently has an average rating of "Moderate Buy" and a consensus price target of $104.09.

Uber Technologies Trading Down 1.2%

The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.41. The company has a fifty day moving average of $93.58 and a two-hundred day moving average of $86.64. The stock has a market capitalization of $201.76 billion, a price-to-earnings ratio of 16.48 and a beta of 1.43.

Uber Technologies (NYSE:UBER - Get Free Report) last issued its quarterly earnings results on Wednesday, August 6th. The ride-sharing company reported $0.63 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.02. The firm had revenue of $12.65 billion during the quarter, compared to the consensus estimate of $12.45 billion. Uber Technologies had a return on equity of 59.96% and a net margin of 26.68%.The company's revenue for the quarter was up 18.2% on a year-over-year basis. During the same period last year, the company earned $0.47 earnings per share. On average, research analysts expect that Uber Technologies, Inc. will post 2.54 EPS for the current year.

Insider Transactions at Uber Technologies

In other Uber Technologies news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the stock in a transaction on Tuesday, September 16th. The stock was sold at an average price of $99.42, for a total value of $273,405.00. Following the completion of the transaction, the chief financial officer owned 22,528 shares in the company, valued at approximately $2,239,733.76. This represents a 10.88% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Nikki Krishnamurthy sold 11,571 shares of the stock in a transaction on Friday, August 15th. The stock was sold at an average price of $91.74, for a total value of $1,061,523.54. Following the completion of the transaction, the senior vice president owned 416,222 shares of the company's stock, valued at $38,184,206.28. The trade was a 2.70% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 604,571 shares of company stock valued at $58,920,741 in the last three months. Insiders own 3.84% of the company's stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. Pershing Square Capital Management L.P. purchased a new position in shares of Uber Technologies in the first quarter valued at $2,207,743,000. Norges Bank purchased a new position in shares of Uber Technologies in the second quarter valued at $2,348,319,000. Kingstone Capital Partners Texas LLC increased its position in shares of Uber Technologies by 334,075.7% in the second quarter. Kingstone Capital Partners Texas LLC now owns 19,973,682 shares of the ride-sharing company's stock valued at $1,863,545,000 after buying an additional 19,967,705 shares in the last quarter. Pacer Advisors Inc. increased its position in shares of Uber Technologies by 2,571.2% in the first quarter. Pacer Advisors Inc. now owns 6,498,167 shares of the ride-sharing company's stock valued at $473,456,000 after buying an additional 6,254,898 shares in the last quarter. Finally, Vanguard Group Inc. increased its position in shares of Uber Technologies by 3.2% in the first quarter. Vanguard Group Inc. now owns 186,526,036 shares of the ride-sharing company's stock valued at $13,590,287,000 after buying an additional 5,759,353 shares in the last quarter. Hedge funds and other institutional investors 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.

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