Uber Technologies (NYSE:UBER) Shares Down 2.3%

Uber Technologies, Inc. (NYSE:UBER)’s stock price traded down 2.3% during mid-day trading on Thursday . The stock traded as low as $63.80 and last traded at $63.96. 5,681,991 shares changed hands during trading, a decline of 72% from the average session volume of 20,263,525 shares. The stock had previously closed at $65.48.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on UBER shares. Piper Sandler lifted their price target on Uber Technologies from $78.00 to $92.00 and gave the stock an “overweight” rating in a report on Friday, March 15th. Bank of America dropped their price objective on Uber Technologies from $91.00 to $87.00 and set a “buy” rating on the stock in a research note on Thursday, May 9th. Barclays raised their target price on Uber Technologies from $63.00 to $86.00 and gave the stock an “overweight” rating in a research report on Thursday, February 8th. Citigroup boosted their target price on shares of Uber Technologies from $91.00 to $93.00 and gave the company a “buy” rating in a report on Thursday, May 9th. Finally, Jefferies Financial Group reduced their price objective on shares of Uber Technologies from $103.00 to $100.00 and set a “buy” rating for the company in a research note on Thursday, May 9th. Two research analysts have rated the stock with a hold rating and thirty have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $84.38.

Uber Technologies Price Performance

The stock’s 50 day moving average is $72.14 and its two-hundred day moving average is $67.39. 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 stock has a market capitalization of $132.89 billion, a PE ratio of 103.40, a price-to-earnings-growth ratio of 1.35 and a beta of 1.39.

Uber Technologies (NYSE:UBER) last released its quarterly earnings data on Wednesday, May 8th. The ride-sharing company reported ($0.32) EPS for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.53). The business had revenue of $10.13 billion during the quarter, compared to analysts’ expectations of $10.09 billion. Uber Technologies had a net margin of 3.60% and a return on equity of 12.81%. The company’s revenue was up 14.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.08) EPS. As a group, sell-side analysts forecast that Uber Technologies, Inc. will post 0.88 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CEO Dara Khosrowshahi sold 500,000 shares of the company’s stock in a transaction on Friday, May 17th. The shares were sold at an average price of $65.93, for a total transaction 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 approximately $109,245,746.28. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, CEO Dara Khosrowshahi sold 500,000 shares of the company’s stock in a transaction dated Friday, May 17th. The shares were sold at an average price of $65.93, for a total transaction of $32,965,000.00. Following the completion of the transaction, the chief executive officer now owns 1,656,996 shares of the company’s stock, valued at approximately $109,245,746.28. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Tony West sold 18,750 shares of the company’s stock in a transaction dated Monday, May 13th. The shares were sold at an average price of $65.63, for a total transaction of $1,230,562.50. Following the transaction, the insider now directly owns 206,338 shares of the company’s stock, valued at approximately $13,541,962.94. The disclosure for this sale can be found here. 3.84% of the stock is owned by company insiders.

Institutional Trading of Uber Technologies

Several large investors have recently added to or reduced their stakes in UBER. Ritter Daniher Financial Advisory LLC DE grew its position in shares of Uber Technologies by 2,545.5% in the 3rd quarter. Ritter Daniher Financial Advisory LLC DE now owns 582 shares of the ride-sharing company’s stock worth $27,000 after acquiring an additional 560 shares in the last quarter. Financial Management Professionals Inc. lifted its holdings in shares of Uber Technologies by 111.6% in the 1st quarter. Financial Management Professionals Inc. now owns 383 shares of the ride-sharing company’s stock worth $29,000 after purchasing an additional 202 shares during the last quarter. CVA Family Office LLC bought a new stake in shares of Uber Technologies in the 4th quarter worth approximately $30,000. Highlander Capital Management LLC lifted its holdings in shares of Uber Technologies by 100.0% in the 4th quarter. Highlander Capital Management LLC now owns 500 shares of the ride-sharing company’s stock worth $31,000 after purchasing an additional 250 shares during the last quarter. Finally, Bfsg LLC bought a new stake in shares of Uber Technologies in the 4th quarter worth approximately $31,000. 80.24% of the stock is currently 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.