Uber Technologies (NYSE:UBER) Trading Down 1.8%

Uber Technologies, Inc. (NYSE:UBER)’s share price was down 1.8% during trading on Thursday . The stock traded as low as $64.40 and last traded at $64.96. Approximately 4,007,273 shares changed hands during mid-day trading, a decline of 79% from the average daily volume of 18,758,600 shares. The stock had previously closed at $66.14.

Analyst Upgrades and Downgrades

Several equities analysts have commented on UBER shares. Roth Mkm reaffirmed a “buy” rating and issued a $89.00 price objective (down previously from $91.00) on shares of Uber Technologies in a research report on Friday, May 10th. Melius started coverage on Uber Technologies in a report on Monday, July 22nd. They issued a “hold” rating and a $77.00 target price for the company. Citigroup upped their target price on Uber Technologies from $93.00 to $96.00 and gave the stock a “buy” rating in a report on Wednesday, June 12th. Morgan Stanley upped their target price on Uber Technologies from $90.00 to $95.00 and gave the stock an “overweight” rating in a report on Tuesday. Finally, Piper Sandler upped their target price on Uber Technologies from $86.00 to $88.00 and gave the stock an “overweight” rating in a report on Tuesday, June 25th. Four equities research analysts have rated the stock with a hold rating and thirty have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $85.97.

Uber Technologies Stock Down 2.0 %

The business has a fifty day moving average price of $68.58 and a two-hundred day moving average price of $70.92. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.21 and a quick ratio of 1.21. The firm has a market capitalization of $134.57 billion, a price-to-earnings ratio of 103.87, a price-to-earnings-growth ratio of 1.44 and a beta of 1.36.

Uber Technologies (NYSE:UBER) last announced its quarterly earnings data on Wednesday, May 8th. The ride-sharing company reported ($0.32) earnings per share for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.53). The firm had revenue of $10.13 billion during the quarter, compared to analyst estimates of $10.09 billion. Uber Technologies had a net margin of 3.60% and a return on equity of 12.81%. The firm’s revenue for the quarter was up 14.8% on a year-over-year basis. During the same period in the prior year, the company posted ($0.08) earnings per share. On average, equities analysts expect that Uber Technologies, Inc. will post 0.85 earnings per share for the current year.

Insider Activity

In other news, CEO Dara Khosrowshahi sold 500,000 shares of the stock in a transaction dated Friday, May 17th. The stock was sold at an average price of $65.93, for a total value of $32,965,000.00. Following the transaction, the chief executive officer now directly owns 1,656,996 shares of the company’s stock, valued at $109,245,746.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider Tony West sold 89,234 shares of the firm’s stock in a transaction dated Thursday, June 6th. The stock was sold at an average price of $68.18, for a total transaction of $6,083,974.12. Following the sale, the insider now directly owns 124,945 shares of the company’s stock, valued at $8,518,750.10. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Dara Khosrowshahi sold 500,000 shares of the firm’s stock in a transaction dated Friday, May 17th. The stock was sold at an average price of $65.93, for a total value of $32,965,000.00. Following the sale, the chief executive officer now directly owns 1,656,996 shares in the company, valued at $109,245,746.28. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,135,984 shares of company stock valued at $78,213,297. Company insiders own 3.84% of the company’s stock.

Institutional Trading of Uber Technologies

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Highlander Capital Management LLC grew its holdings in Uber Technologies by 100.0% in the fourth quarter. Highlander Capital Management LLC now owns 500 shares of the ride-sharing company’s stock valued at $31,000 after purchasing an additional 250 shares during the period. PFG Investments LLC grew its holdings in Uber Technologies by 374.6% in the first quarter. PFG Investments LLC now owns 63,450 shares of the ride-sharing company’s stock valued at $4,885,000 after purchasing an additional 50,080 shares during the period. Fifth Third Bancorp grew its holdings in Uber Technologies by 54.3% in the fourth quarter. Fifth Third Bancorp now owns 68,894 shares of the ride-sharing company’s stock valued at $4,242,000 after purchasing an additional 24,247 shares during the period. US Bancorp DE grew its holdings in Uber Technologies by 2.5% in the fourth quarter. US Bancorp DE now owns 995,783 shares of the ride-sharing company’s stock valued at $61,310,000 after purchasing an additional 24,059 shares during the period. Finally, SVB Wealth LLC grew its holdings in Uber Technologies by 28.1% in the fourth quarter. SVB Wealth LLC now owns 51,341 shares of the ride-sharing company’s stock valued at $3,161,000 after purchasing an additional 11,269 shares during the period. 80.24% of the stock is owned by institutional investors and hedge funds.

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.