Uber Technologies (NYSE:UBER) Stock Price Down 0.6% – What’s Next?

Uber Technologies, Inc. (NYSE:UBER)’s stock price was down 0.6% during mid-day trading on Thursday . The stock traded as low as $63.42 and last traded at $66.32. Approximately 12,314,473 shares traded hands during mid-day trading, a decline of 49% from the average daily volume of 24,349,268 shares. The stock had previously closed at $66.75.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on UBER shares. UBS Group upped their target price on shares of Uber Technologies from $102.00 to $114.00 and gave the stock a “buy” rating in a research report on Friday, October 18th. Royal Bank of Canada upped their target price on shares of Uber Technologies from $80.00 to $82.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Cantor Fitzgerald upped their target price on shares of Uber Technologies from $75.00 to $80.00 and gave the stock an “overweight” rating in a research report on Tuesday. Citizens Jmp lowered shares of Uber Technologies from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 2nd. Finally, Evercore ISI upped their target price on shares of Uber Technologies from $90.00 to $120.00 and gave the stock an “outperform” rating in a research report on Thursday, October 31st. Seven research analysts have rated the stock with a hold rating, thirty-one have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Uber Technologies currently has a consensus rating of “Moderate Buy” and an average price target of $91.08.

Uber Technologies Stock Up 0.4 %

The stock’s 50 day simple moving average is $65.71 and its two-hundred day simple moving average is $70.14. The firm has a market cap of $140.79 billion, a P/E ratio of 33.26, a P/E/G ratio of 0.77 and a beta of 1.36. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.41 and a quick ratio of 1.41.

Uber Technologies (NYSE:UBER) last announced its earnings results on Thursday, October 31st. The ride-sharing company reported $1.20 earnings per share for the quarter, beating analysts’ consensus estimates of $0.41 by $0.79. Uber Technologies had a net margin of 10.49% and a return on equity of 33.46%. The business had revenue of $11.19 billion during the quarter, compared to the consensus estimate of $10.99 billion. During the same quarter last year, the firm earned $0.10 earnings per share. The business’s revenue for the quarter was up 20.4% on a year-over-year basis. As a group, research analysts forecast that Uber Technologies, Inc. will post 1.85 earnings per share for the current year.

Insider Buying and Selling at Uber Technologies

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

Institutional Investors Weigh In On Uber Technologies

Institutional investors have recently made changes to their positions in the company. Ascent Wealth Partners LLC purchased a new stake in Uber Technologies in the third quarter worth approximately $2,087,000. Teachers Retirement System of The State of Kentucky boosted its holdings in Uber Technologies by 4.4% in the third quarter. Teachers Retirement System of The State of Kentucky now owns 321,726 shares of the ride-sharing company’s stock worth $24,180,000 after purchasing an additional 13,433 shares during the last quarter. Aviso Wealth Management purchased a new stake in Uber Technologies in the third quarter worth approximately $2,302,000. Polianta Ltd purchased a new stake in Uber Technologies in the fourth quarter worth approximately $1,206,000. Finally, Brophy Wealth Management LLC purchased a new stake in Uber Technologies in the third quarter worth approximately $1,041,000. Hedge funds and other institutional investors 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.