Uber Technologies (NYSE:UBER) Shares Down 1.7% - Time to Sell?

Uber Technologies, Inc. (NYSE:UBER - Get Free Report) fell 1.7% during trading on Tuesday . The stock traded as low as $91.85 and last traded at $92.33. 6,150,535 shares changed hands during mid-day trading, a decline of 71% from the average session volume of 21,149,770 shares. The stock had previously closed at $93.89.

Analysts Set New Price Targets

Several brokerages have commented on UBER. Bank of America upped their price objective on shares of Uber Technologies from $97.00 to $115.00 and gave the stock a "buy" rating in a report on Tuesday, July 8th. JMP Securities reiterated a "market perform" rating on shares of Uber Technologies in a research note on Thursday, May 15th. Tigress Financial set a $110.00 price target on shares of Uber Technologies and gave the stock a "buy" rating in a research note on Friday, May 23rd. Raymond James Financial lowered shares of Uber Technologies from a "strong-buy" rating to a "moderate buy" rating in a research note on Wednesday, June 18th. Finally, Canaccord Genuity Group reiterated a "hold" rating and issued a $84.00 price target (down from $90.00) on shares of Uber Technologies in a research note on Friday, June 27th. Thirteen research analysts have rated the stock with a hold rating and twenty-seven have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $97.63.

Uber Technologies Price Performance

The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.37. The firm has a market cap of $188.56 billion, a PE ratio of 15.79, a P/E/G ratio of 1.15 and a beta of 1.40. The firm's fifty day simple moving average is $89.06 and its two-hundred day simple moving average is $78.37.

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 for the quarter, beating the consensus estimate of $0.50 by $0.33. Uber Technologies had a net margin of 27.07% and a return on equity of 66.46%. The business had revenue of $11.53 billion for the quarter, compared to the consensus estimate of $11.61 billion. During the same quarter in the previous year, the firm earned ($0.32) earnings per share. The company's revenue for the quarter was up 13.8% on a year-over-year basis. As a group, research analysts expect that Uber Technologies, Inc. will post 2.54 EPS for the current year.

Insider Activity at Uber Technologies

In other news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of Uber Technologies stock in a transaction that occurred on Monday, July 7th. The shares were sold at an average price of $95.00, for a total transaction of $261,250.00. Following the sale, the chief financial officer owned 21,975 shares in the company, valued at $2,087,625. This trade represents a 11.12% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Jill Hazelbaker sold 34,884 shares of Uber Technologies stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $86.03, for a total transaction of $3,001,070.52. Following the sale, the insider owned 102,135 shares in the company, valued at approximately $8,786,674.05. The trade was a 25.46% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 40,384 shares of company stock worth $3,496,071 in the last ninety days. Insiders own 3.84% of the company's stock.

Institutional Investors Weigh In On Uber Technologies

Several institutional investors and hedge funds have recently modified their holdings of the stock. Trilogy Capital Inc. raised its position in shares of Uber Technologies by 13.7% during the second quarter. Trilogy Capital Inc. now owns 3,537 shares of the ride-sharing company's stock valued at $330,000 after buying an additional 427 shares during the last quarter. QTR Family Wealth LLC raised its position in shares of Uber Technologies by 26.9% during the second quarter. QTR Family Wealth LLC now owns 4,429 shares of the ride-sharing company's stock valued at $413,000 after buying an additional 939 shares during the last quarter. Trust Co. of Vermont increased its position in Uber Technologies by 315.5% in the second quarter. Trust Co. of Vermont now owns 1,525 shares of the ride-sharing company's stock worth $142,000 after purchasing an additional 1,158 shares during the last quarter. Rogco LP increased its position in Uber Technologies by 1.6% in the second quarter. Rogco LP now owns 8,925 shares of the ride-sharing company's stock worth $833,000 after purchasing an additional 139 shares during the last quarter. Finally, Childress Capital Advisors LLC increased its position in Uber Technologies by 9.7% in the second quarter. Childress Capital Advisors LLC now owns 6,832 shares of the ride-sharing company's stock worth $637,000 after purchasing an additional 605 shares during the last quarter. Institutional investors own 80.24% of the company's stock.

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.