Uber Technologies (NYSE:UBER) Shares Down 1% – Time to Sell?

Uber Technologies, Inc. (NYSE:UBER) traded down 1% on Friday . The stock traded as low as $78.97 and last traded at $79.49. 4,242,607 shares changed hands during mid-day trading, a decline of 86% from the average session volume of 29,949,850 shares. The stock had previously closed at $80.29.

Wall Street Analyst Weigh In

UBER has been the subject of several research reports. Bank of America boosted their price target on Uber Technologies from $88.00 to $96.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. JMP Securities restated a “market perform” rating on shares of Uber Technologies in a research report on Thursday, February 6th. Evercore ISI cut their price objective on shares of Uber Technologies from $120.00 to $115.00 and set an “outperform” rating for the company in a report on Thursday, February 6th. Cantor Fitzgerald restated an “overweight” rating and set a $80.00 target price on shares of Uber Technologies in a report on Thursday, February 6th. Finally, Tigress Financial increased their price target on Uber Technologies from $96.00 to $103.00 and gave the company a “buy” rating in a report on Monday, November 25th. Seven investment analysts have rated the stock with a hold rating, twenty-eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $90.70.

Uber Technologies Stock Performance

The company has a quick ratio of 1.41, a current ratio of 1.07 and a debt-to-equity ratio of 0.37. The stock has a market capitalization of $166.34 billion, a price-to-earnings ratio of 17.33, a PEG ratio of 0.81 and a beta of 1.39. The firm has a fifty day moving average of $66.01 and a 200-day moving average of $70.48.

Uber Technologies (NYSE:UBER) last announced its earnings results on Wednesday, February 5th. The ride-sharing company reported $3.21 earnings per share for the quarter, beating the consensus estimate of $0.50 by $2.71. Uber Technologies had a net margin of 22.41% and a return on equity of 62.60%. As a group, sell-side analysts anticipate that Uber Technologies, Inc. will post 2.4 EPS for the current year.

Insider Buying and Selling

In other news, insider Jill Hazelbaker sold 27,780 shares of Uber Technologies 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 transaction, the insider now directly owns 107,289 shares in the company, valued at approximately $7,821,368.10. This trade represents a 20.57 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 3.84% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its position in shares of Uber Technologies by 1.3% in the fourth quarter. Vanguard Group Inc. now owns 180,766,683 shares of the ride-sharing company’s stock worth $10,903,846,000 after purchasing an additional 2,364,525 shares in the last quarter. Capital Research Global Investors boosted its holdings in Uber Technologies by 79.0% during the fourth quarter. Capital Research Global Investors now owns 118,131,681 shares of the ride-sharing company’s stock valued at $7,125,728,000 after acquiring an additional 52,125,476 shares during the period. Geode Capital Management LLC grew its holdings in Uber Technologies by 2.5% in the 4th quarter. Geode Capital Management LLC now owns 43,561,447 shares of the ride-sharing company’s stock valued at $2,621,929,000 after buying an additional 1,061,088 shares during the last quarter. Capital World Investors increased its position in Uber Technologies by 10.1% in the 4th quarter. Capital World Investors now owns 30,355,075 shares of the ride-sharing company’s stock worth $1,831,021,000 after buying an additional 2,792,039 shares during the period. Finally, Edgewood Management LLC grew its stake in shares of Uber Technologies by 10.5% in the third quarter. Edgewood Management LLC now owns 27,552,060 shares of the ride-sharing company’s stock worth $2,070,813,000 after acquiring an additional 2,627,768 shares during the last quarter. Institutional investors and hedge funds own 80.24% of the company’s stock.

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.