Uber Technologies (NYSE:UBER) Trading Down 1% – Here’s What Happened

Uber Technologies, Inc. (NYSE:UBER)’s share price traded down 1% during trading on Tuesday . The company traded as low as $71.10 and last traded at $72.31. 6,852,526 shares changed hands during trading, a decline of 65% from the average session volume of 19,454,580 shares. The stock had previously closed at $73.06.

Analyst Ratings Changes

A number of equities research analysts recently commented on UBER shares. Citizens Jmp lowered Uber Technologies from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 2nd. Fox Advisors lowered shares of Uber Technologies from an “overweight” rating to an “equal weight” rating in a research note on Tuesday. JPMorgan Chase & Co. decreased their target price on shares of Uber Technologies from $95.00 to $90.00 and set an “overweight” rating for the company in a research report on Thursday, February 6th. Piper Sandler reaffirmed an “overweight” rating and set a $87.00 price target (up from $80.00) on shares of Uber Technologies in a research report on Tuesday, February 18th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $90.00 price objective on shares of Uber Technologies in a report on Wednesday, February 5th. Ten equities research analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $90.31.

Uber Technologies Stock Performance

The company has a market cap of $148.06 billion, a price-to-earnings ratio of 15.54, a PEG ratio of 0.89 and a beta of 1.39. The firm’s 50 day simple moving average is $71.16 and its 200-day simple moving average is $71.61. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.41 and a current ratio of 1.07.

Uber Technologies (NYSE:UBER) last posted its quarterly earnings results on Wednesday, February 5th. The ride-sharing company reported $3.21 earnings per share for the quarter, topping 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%. On average, sell-side analysts predict that Uber Technologies, Inc. will post 2.54 EPS for the current year.

Insider Transactions at Uber Technologies

In other Uber Technologies news, insider Jill Hazelbaker sold 31,000 shares of Uber Technologies stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $81.02, for a total value of $2,511,620.00. Following the sale, the insider now owns 86,973 shares in the company, valued at $7,046,552.46. The trade was a 26.28 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 3.84% of the company’s stock.

Institutional Trading of Uber Technologies

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Navalign LLC lifted its holdings in shares of Uber Technologies by 0.5% in the 4th quarter. Navalign LLC now owns 25,468 shares of the ride-sharing company’s stock worth $1,536,000 after acquiring an additional 126 shares during the last quarter. Welch & Forbes LLC lifted its stake in Uber Technologies by 3.9% during the fourth quarter. Welch & Forbes LLC now owns 3,936 shares of the ride-sharing company’s stock worth $237,000 after purchasing an additional 148 shares in the last quarter. Carlton Hofferkamp & Jenks Wealth Management LLC boosted its position in shares of Uber Technologies by 3.5% during the fourth quarter. Carlton Hofferkamp & Jenks Wealth Management LLC now owns 4,381 shares of the ride-sharing company’s stock worth $282,000 after buying an additional 150 shares during the period. Canopy Partners LLC grew its stake in shares of Uber Technologies by 2.2% in the third quarter. Canopy Partners LLC now owns 6,958 shares of the ride-sharing company’s stock valued at $523,000 after buying an additional 151 shares in the last quarter. Finally, United Advisor Group LLC raised its holdings in shares of Uber Technologies by 3.6% in the 4th quarter. United Advisor Group LLC now owns 4,367 shares of the ride-sharing company’s stock valued at $263,000 after buying an additional 153 shares during the period. 80.24% of the stock is owned by institutional investors and hedge funds.

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.