Uber Technologies (NYSE:UBER) Trading Down 1.1%

Uber Technologies, Inc. (NYSE:UBERGet Free Report)’s stock price dropped 1.1% on Friday . The company traded as low as $63.14 and last traded at $63.44. Approximately 2,220,911 shares were traded during mid-day trading, a decline of 89% from the average daily volume of 19,979,420 shares. The stock had previously closed at $64.12.

Analysts Set New Price Targets

Several research analysts recently commented on UBER shares. JMP Securities reiterated a “market outperform” rating and issued a $80.00 price target on shares of Uber Technologies in a research note on Thursday, May 16th. Piper Sandler raised their price target on shares of Uber Technologies from $78.00 to $92.00 and gave the stock an “overweight” rating in a research report on Friday, March 15th. TheStreet upgraded shares of Uber Technologies from a “c” rating to a “b-” rating in a research note on Wednesday, February 7th. DA Davidson reissued a “buy” rating and issued a $81.00 target price on shares of Uber Technologies in a research report on Wednesday, May 8th. Finally, Tigress Financial lifted their price target on Uber Technologies from $72.00 to $96.00 and gave the stock a “buy” rating in a research note on Friday, April 19th. Two research analysts have rated the stock with a hold rating and thirty have issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $84.38.

Get Our Latest Analysis on UBER

Uber Technologies Price Performance

The business has a fifty day moving average price of $70.21 and a 200 day moving average price of $68.05. 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 company has a market capitalization of $134.90 billion, a price-to-earnings ratio of 104.13, a price-to-earnings-growth ratio of 1.35 and a beta of 1.39.

Uber Technologies (NYSE:UBERGet Free Report) last released its earnings results on Wednesday, May 8th. The ride-sharing company reported ($0.32) EPS for the quarter, missing the consensus estimate of $0.21 by ($0.53). The company had revenue of $10.13 billion for 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 quarterly revenue was up 14.8% on a year-over-year basis. During the same period in the previous year, the business posted ($0.08) EPS. On average, research analysts expect that Uber Technologies, Inc. will post 0.88 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Uber Technologies news, insider Tony West sold 18,750 shares of the stock in a transaction on Monday, May 13th. The stock was sold at an average price of $65.63, for a total transaction of $1,230,562.50. Following the completion of the transaction, the insider now directly owns 206,338 shares of the company’s stock, valued at approximately $13,541,962.94. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, CEO Dara Khosrowshahi sold 500,000 shares of the business’s stock in a transaction that occurred on Friday, May 17th. The shares were 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 approximately $109,245,746.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Tony West sold 18,750 shares of the firm’s stock in a transaction that occurred on Monday, May 13th. The stock was sold at an average price of $65.63, for a total transaction of $1,230,562.50. Following the sale, the insider now owns 206,338 shares of the company’s stock, valued at $13,541,962.94. The disclosure for this sale can be found here. 3.84% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Uber Technologies

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. boosted its position in shares of Uber Technologies by 2.2% in the 1st quarter. Vanguard Group Inc. now owns 171,253,318 shares of the ride-sharing company’s stock valued at $13,184,793,000 after purchasing an additional 3,623,951 shares during the period. Capital World Investors boosted its holdings in shares of Uber Technologies by 0.7% in the fourth quarter. Capital World Investors now owns 40,610,127 shares of the ride-sharing company’s stock worth $2,500,366,000 after buying an additional 283,802 shares during the period. Capital Research Global Investors increased its position in shares of Uber Technologies by 8.2% in the first quarter. Capital Research Global Investors now owns 39,947,547 shares of the ride-sharing company’s stock worth $3,075,562,000 after acquiring an additional 3,019,431 shares in the last quarter. Price T Rowe Associates Inc. MD raised its holdings in shares of Uber Technologies by 37.8% during the first quarter. Price T Rowe Associates Inc. MD now owns 36,425,981 shares of the ride-sharing company’s stock valued at $2,804,437,000 after acquiring an additional 9,996,508 shares during the period. Finally, Norges Bank purchased a new stake in shares of Uber Technologies in the 4th quarter valued at approximately $1,415,778,000. Institutional investors and hedge funds own 80.24% of the company’s stock.

About Uber Technologies

(Get Free Report)

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.

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