Uber Technologies (NYSE:UBER) Trading Down 0.1% – Here’s Why

Shares of Uber Technologies, Inc. (NYSE:UBER) dropped 0.1% during trading on Monday . The company traded as low as $65.02 and last traded at $65.93. Approximately 7,703,520 shares changed hands during mid-day trading, a decline of 71% from the average daily volume of 26,396,512 shares. The stock had previously closed at $65.97.

Analyst Upgrades and Downgrades

UBER has been the subject of several research analyst reports. Evercore ISI lifted their target price on shares of Uber Technologies from $90.00 to $120.00 and gave the company an “outperform” rating in a research report on Thursday, October 31st. Loop Capital lifted their target price on shares of Uber Technologies from $84.00 to $86.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th. Bank of America lifted their target price on shares of Uber Technologies from $88.00 to $96.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. Tigress Financial lifted their target price on shares of Uber Technologies from $96.00 to $103.00 and gave the company a “buy” rating in a research report on Monday, November 25th. Finally, Daiwa Capital Markets lowered shares of Uber Technologies from an “outperform” rating to a “neutral” rating and set a $84.00 target price for the company. in a research report on Thursday, October 17th. Seven research analysts have rated the stock with a hold rating, thirty-one have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $91.53.

Uber Technologies Price Performance

The business has a fifty day simple moving average of $66.58 and a two-hundred day simple moving average of $70.43. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.70. The stock has a market cap of $139.69 billion, a PE ratio of 33.00, a P/E/G ratio of 0.75 and a beta of 1.36.

Uber Technologies (NYSE:UBER) last posted its earnings results on Thursday, October 31st. The ride-sharing company reported $1.20 earnings per share for the quarter, topping analysts’ consensus estimates of $0.41 by $0.79. Uber Technologies had a return on equity of 33.46% and a net margin of 10.49%. The firm had revenue of $11.19 billion for the quarter, compared to the consensus estimate of $10.99 billion. During the same quarter in the prior year, the business earned $0.10 EPS. The business’s revenue for the quarter was up 20.4% on a year-over-year basis. Research analysts forecast that Uber Technologies, Inc. will post 1.89 earnings per share for the current year.

Insider Transactions at Uber Technologies

In other news, insider Jill Hazelbaker sold 27,780 shares of the business’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $72.90, for a total value of $2,025,162.00. Following the sale, the insider now directly owns 107,289 shares of the company’s stock, valued at $7,821,368.10. The trade was a 20.57 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 3.84% of the company’s stock.

Institutional Trading of Uber Technologies

Hedge funds have recently made changes to their positions in the stock. Kieckhefer Group LLC bought a new position in Uber Technologies in the 4th quarter valued at approximately $33,000. Financial Management Professionals Inc. lifted its position in Uber Technologies by 104.1% in the 3rd quarter. Financial Management Professionals Inc. now owns 494 shares of the ride-sharing company’s stock valued at $37,000 after acquiring an additional 252 shares in the last quarter. Transcendent Capital Group LLC lifted its position in Uber Technologies by 3,928.6% in the 3rd quarter. Transcendent Capital Group LLC now owns 564 shares of the ride-sharing company’s stock valued at $42,000 after acquiring an additional 550 shares in the last quarter. Fortitude Family Office LLC lifted its position in Uber Technologies by 84.7% in the 3rd quarter. Fortitude Family Office LLC now owns 602 shares of the ride-sharing company’s stock valued at $45,000 after acquiring an additional 276 shares in the last quarter. Finally, ORG Partners LLC lifted its position in Uber Technologies by 142.9% in the 3rd quarter. ORG Partners LLC now owns 651 shares of the ride-sharing company’s stock valued at $49,000 after acquiring an additional 383 shares in the last quarter. 80.24% of the stock is owned by institutional investors.

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.