Uber Technologies (NYSE:UBER) Stock Price Down 1.3% on Insider Selling

Shares of Uber Technologies, Inc. (NYSE:UBER - Get Free Report) fell 1.3% during mid-day trading on Thursday following insider selling activity. The company traded as low as $82.00 and last traded at $82.57. 7,347,858 shares traded hands during mid-day trading, a decline of 64% from the average session volume of 20,370,262 shares. The stock had previously closed at $83.65.

Specifically, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the company's stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $85.00, for a total value of $233,750.00. Following the transaction, the chief financial officer now directly owns 21,063 shares in the company, valued at approximately $1,790,355. This represents a 11.55 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Analysts Set New Price Targets

A number of brokerages recently weighed in on UBER. KeyCorp lifted their price objective on shares of Uber Technologies from $80.00 to $90.00 and gave the company an "overweight" rating in a report on Thursday. Benchmark restated a "hold" rating on shares of Uber Technologies in a research note on Friday, January 31st. Cantor Fitzgerald reissued an "overweight" rating and set a $80.00 price target on shares of Uber Technologies in a report on Wednesday, April 16th. Evercore ISI dropped their price objective on shares of Uber Technologies from $120.00 to $115.00 and set an "outperform" rating on the stock in a research note on Thursday, February 6th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Uber Technologies from $80.00 to $92.00 and gave the stock an "overweight" rating in a research report on Thursday. Eleven investment 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's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $92.69.

Uber Technologies Price Performance

The company's fifty day moving average is $74.72 and its two-hundred day moving average is $71.53. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.41 and a current ratio of 1.07. The firm has a market cap of $172.73 billion, a price-to-earnings ratio of 18.11, a price-to-earnings-growth ratio of 0.89 and a beta of 1.43.

Uber Technologies (NYSE:UBER - Get Free Report) last issued its earnings results on Wednesday, May 7th. The ride-sharing company reported $0.83 earnings per share for the quarter, topping the consensus estimate of $0.50 by $0.33. Uber Technologies had a return on equity of 62.60% and a net margin of 22.41%. The company had revenue of $11.53 billion during the quarter, compared to the consensus estimate of $11.61 billion. During the same quarter in the prior year, the business earned ($0.32) earnings per share. The company's revenue was up 13.8% compared to the same quarter last year. Equities research analysts forecast that Uber Technologies, Inc. will post 2.54 EPS for the current year.

Institutional Trading of Uber Technologies

A number of hedge funds and other institutional investors have recently modified their holdings of UBER. Principal Financial Group Inc. raised its position in shares of Uber Technologies by 7.1% during the 3rd quarter. Principal Financial Group Inc. now owns 2,460,332 shares of the ride-sharing company's stock valued at $184,919,000 after acquiring an additional 162,528 shares in the last quarter. Diversified Trust Co boosted its holdings in shares of Uber Technologies by 3.7% during the fourth quarter. Diversified Trust Co now owns 15,667 shares of the ride-sharing company's stock worth $945,000 after purchasing an additional 557 shares during the period. Watts Gwilliam & Co. LLC lifted its stake in Uber Technologies by 537.1% in the fourth quarter. Watts Gwilliam & Co. LLC now owns 72,943 shares of the ride-sharing company's stock valued at $4,825,000 after acquiring an additional 61,494 shares during the last quarter. Fortitude Family Office LLC lifted its stake in shares of Uber Technologies by 32.1% in the fourth quarter. Fortitude Family Office LLC now owns 795 shares of the ride-sharing company's stock worth $48,000 after buying an additional 193 shares during the last quarter. Finally, ST Germain D J Co. Inc. boosted its position in shares of Uber Technologies by 4.4% in the fourth quarter. ST Germain D J Co. Inc. now owns 302,861 shares of the ride-sharing company's stock valued at $18,269,000 after acquiring an additional 12,688 shares during the period. 80.24% of the stock is owned by hedge funds and other 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.