Uber Technologies (NYSE:UBER) Trading Down 2.3% - What's Next?

Uber Technologies, Inc. (NYSE:UBER - Get Free Report) traded down 2.3% on Wednesday . The stock traded as low as $88.86 and last traded at $89.73. 8,347,972 shares were traded during trading, a decline of 59% from the average session volume of 20,355,794 shares. The stock had previously closed at $91.87.

Analyst Ratings Changes

Several equities analysts have weighed in on the stock. Royal Bank of Canada reiterated an "outperform" rating and set a $82.00 price objective on shares of Uber Technologies in a research report on Monday, May 5th. DA Davidson lifted their price objective on shares of Uber Technologies from $80.00 to $98.00 and gave the stock a "buy" rating in a research report on Thursday, May 8th. Piper Sandler reiterated an "overweight" rating and set a $87.00 price objective (up from $80.00) on shares of Uber Technologies in a research report on Tuesday, February 18th. Bank of America lifted their price objective on shares of Uber Technologies from $96.00 to $97.00 and gave the stock a "buy" rating in a research report on Thursday, May 8th. Finally, Wedbush cut shares of Uber Technologies from an "outperform" rating to a "neutral" rating and boosted their price target for the company from $80.00 to $85.00 in a report on Thursday, May 8th. Eleven investment analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $93.91.

Uber Technologies Trading Down 0.2%

The company has a quick ratio of 1.41, a current ratio of 1.07 and a debt-to-equity ratio of 0.37. The firm has a market cap of $183.64 billion, a price-to-earnings ratio of 19.26, a price-to-earnings-growth ratio of 0.89 and a beta of 1.43. The business's fifty day moving average is $78.17 and its two-hundred day moving average is $72.51.

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 analysts' consensus estimates of $0.50 by $0.33. The business had revenue of $11.53 billion during the quarter, compared to analyst estimates of $11.61 billion. Uber Technologies had a net margin of 22.41% and a return on equity of 62.60%. Uber Technologies's revenue for the quarter was up 13.8% compared to the same quarter last year. During the same quarter last year, the business posted ($0.32) earnings per share. Equities analysts anticipate that Uber Technologies, Inc. will post 2.54 earnings per share for the current fiscal year.

Insider Activity at Uber Technologies

In other Uber Technologies news, insider Tony West sold 23,404 shares of Uber Technologies stock in a transaction on Thursday, March 13th. The shares were sold at an average price of $70.27, for a total transaction 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 approximately $8,027,715.07. The trade was a 17.00% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Jill Hazelbaker sold 34,884 shares of Uber Technologies 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 sale, the insider now directly owns 102,135 shares of the company's stock, valued at $8,786,674.05. This represents a 25.46% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 83,788 shares of company stock valued at $6,517,070 over the last quarter. Corporate insiders own 3.84% of the company's stock.

Institutional Trading of Uber Technologies

A number of institutional investors have recently bought and sold shares of UBER. Grassi Investment Management boosted its position in shares of Uber Technologies by 0.5% during the fourth quarter. Grassi Investment Management now owns 97,925 shares of the ride-sharing company's stock worth $5,907,000 after purchasing an additional 500 shares in the last quarter. Avior Wealth Management LLC lifted its position in Uber Technologies by 3,154.4% in the 4th quarter. Avior Wealth Management LLC now owns 22,032 shares of the ride-sharing company's stock valued at $1,329,000 after acquiring an additional 21,355 shares in the last quarter. Secure Asset Management LLC bought a new stake in Uber Technologies in the 4th quarter valued at $288,000. Brighton Jones LLC lifted its position 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 acquiring an additional 2,474 shares in the last quarter. Finally, Cornerstone Wealth Management LLC lifted its position in Uber Technologies by 11.1% in the 4th quarter. Cornerstone Wealth Management LLC now owns 4,213 shares of the ride-sharing company's stock valued at $254,000 after acquiring an additional 420 shares in the last quarter. Institutional investors and hedge funds 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.