Uber Technologies (NYSE:UBER) Shares Down 0.6% – Time to Sell?

Uber Technologies, Inc. (NYSE:UBER)’s share price was down 0.6% during trading on Thursday . The company 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.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. Wolfe Research lifted their target price on Uber Technologies from $90.00 to $92.00 and gave the company an “outperform” rating in a research report on Friday, January 3rd. Piper Sandler cut their price objective on shares of Uber Technologies from $98.00 to $82.00 and set an “overweight” rating on the stock in a research report on Tuesday. Gordon Haskett raised shares of Uber Technologies from a “hold” rating to a “buy” rating and set a $85.00 target price for the company in a research report on Thursday, October 31st. Citizens Jmp cut shares of Uber Technologies from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 2nd. Finally, Jefferies Financial Group increased their price objective on shares of Uber Technologies from $100.00 to $105.00 and gave the stock a “buy” rating in a research note on Tuesday, October 22nd. Seven equities 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. According to data from MarketBeat, Uber Technologies has an average rating of “Moderate Buy” and an average target price of $91.08.

Uber Technologies Stock Performance

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 company has a market cap of $140.21 billion, a P/E ratio of 33.13, a price-to-earnings-growth ratio of 0.77 and a beta of 1.36. The company has a 50 day moving average price of $65.77 and a 200-day moving average price of $70.17.

Uber Technologies (NYSE:UBER) last released its earnings results on Thursday, October 31st. The ride-sharing company reported $1.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.41 by $0.79. The firm had revenue of $11.19 billion for the quarter, compared to analysts’ expectations of $10.99 billion. Uber Technologies had a return on equity of 33.46% and a net margin of 10.49%. The business’s revenue for the quarter was up 20.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.10 earnings per share. On average, equities analysts expect that Uber Technologies, Inc. will post 1.86 earnings per share for the current fiscal year.

Insider Activity at Uber Technologies

In other Uber Technologies news, insider Jill Hazelbaker sold 27,780 shares of the business’s stock in a transaction 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 of the company’s stock, valued at approximately $7,821,368.10. The trade was a 20.57 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 3.84% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Uber Technologies

Several hedge funds have recently modified their holdings of the company. Avion Wealth increased its stake in shares of Uber Technologies by 96.0% in the fourth quarter. Avion Wealth now owns 445 shares of the ride-sharing company’s stock valued at $26,000 after buying an additional 218 shares during the period. GHP Investment Advisors Inc. grew its holdings in Uber Technologies by 85.1% during the 4th quarter. GHP Investment Advisors Inc. now owns 485 shares of the ride-sharing company’s stock worth $29,000 after acquiring an additional 223 shares during the last quarter. Financial Management Professionals Inc. increased 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 during the period. Retirement Wealth Solutions LLC bought a new position in shares of Uber Technologies during the fourth quarter valued at $35,000. Finally, Kieckhefer Group LLC acquired a new position in shares of Uber Technologies during the fourth quarter worth $33,000. 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.