Uber Technologies (NYSE:UBER) Stock Price Down 0.3% – What’s Next?

Uber Technologies, Inc. (NYSE:UBER) shares were down 0.3% during mid-day trading on Tuesday . The stock traded as low as $60.37 and last traded at $60.59. Approximately 3,178,643 shares changed hands during trading, a decline of 83% from the average daily volume of 19,157,748 shares. The stock had previously closed at $60.77.

Analyst Upgrades and Downgrades

UBER has been the subject of a number of research reports. Wells Fargo & Company decreased their price objective on shares of Uber Technologies from $97.00 to $90.00 and set an “overweight” rating for the company in a report on Friday, November 1st. Jefferies Financial Group lifted their price target on shares of Uber Technologies from $100.00 to $105.00 and gave the company a “buy” rating in a report on Tuesday, October 22nd. DA Davidson increased their price objective on shares of Uber Technologies from $82.00 to $84.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. Tigress Financial lifted their target price on Uber Technologies from $96.00 to $103.00 and gave the company a “buy” rating in a research note on Monday, November 25th. Finally, Loop Capital upped their target price on Uber Technologies from $84.00 to $86.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. Five equities research analysts have rated the stock with a hold rating, thirty-two have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Uber Technologies has an average rating of “Moderate Buy” and a consensus target price of $91.31.

Uber Technologies Stock Down 0.1 %

The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.41 and a current ratio of 1.41. The stock’s fifty day simple moving average is $69.33 and its two-hundred day simple moving average is $70.92. The company has a market capitalization of $127.80 billion, a price-to-earnings ratio of 30.19, a P/E/G ratio of 0.75 and a beta of 1.33.

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

Insider Transactions at Uber Technologies

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

Institutional Trading of Uber Technologies

Several institutional investors and hedge funds have recently bought and sold shares of UBER. Graypoint LLC lifted its holdings in shares of Uber Technologies by 6.2% in the second quarter. Graypoint LLC now owns 8,199 shares of the ride-sharing company’s stock valued at $596,000 after purchasing an additional 478 shares in the last quarter. Farther Finance Advisors LLC grew its stake in Uber Technologies by 31.9% during the 2nd quarter. Farther Finance Advisors LLC now owns 14,969 shares of the ride-sharing company’s stock valued at $1,064,000 after acquiring an additional 3,621 shares in the last quarter. Aptus Capital Advisors LLC grew its stake in Uber Technologies by 17.1% during the 2nd quarter. Aptus Capital Advisors LLC now owns 9,468 shares of the ride-sharing company’s stock valued at $688,000 after acquiring an additional 1,383 shares in the last quarter. Essex Financial Services Inc. lifted its position in shares of Uber Technologies by 7.4% in the second quarter. Essex Financial Services Inc. now owns 9,650 shares of the ride-sharing company’s stock worth $701,000 after purchasing an additional 664 shares in the last quarter. Finally, Interchange Capital Partners LLC purchased a new stake in shares of Uber Technologies in the second quarter worth approximately $262,000. 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.