Uber Technologies, Inc. (NYSE:UBER – Get Free Report)’s share price fell 1.6% on Tuesday . The company traded as low as $64.86 and last traded at $64.96. 5,447,988 shares changed hands during mid-day trading, a decline of 73% from the average session volume of 20,420,629 shares. The stock had previously closed at $66.02.
Wall Street Analysts Forecast Growth
Several equities research analysts have commented on the stock. UBS Group decreased their target price on shares of Uber Technologies from $100.00 to $95.00 and set a “buy” rating on the stock in a research report on Thursday, May 9th. Bank of America lowered their target price on shares of Uber Technologies from $91.00 to $87.00 and set a “buy” rating on the stock in a research report on Thursday, May 9th. Wells Fargo & Company reduced their price target on shares of Uber Technologies from $95.00 to $89.00 and set an “overweight” rating for the company in a research report on Thursday, May 9th. Gordon Haskett downgraded Uber Technologies from a “buy” rating to a “hold” rating and set a $66.00 price objective for the company. in a research note on Wednesday, January 24th. Finally, TD Cowen decreased their target price on Uber Technologies from $90.00 to $88.00 and set a “buy” rating on the stock in a research report on Thursday, May 9th. Two analysts have rated the stock with a hold rating and thirty have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $83.75.
Uber Technologies Trading Down 1.1 %
The company has a debt-to-equity ratio of 0.80, a current ratio of 1.21 and a quick ratio of 1.21. The business has a fifty day moving average of $73.71 and a 200-day moving average of $66.68. The stock has a market capitalization of $136.49 billion, a price-to-earnings ratio of 105.35, a price-to-earnings-growth ratio of 1.09 and a beta of 1.39.
Uber Technologies (NYSE:UBER – Get Free Report) last issued its quarterly earnings results on Wednesday, May 8th. The ride-sharing company reported ($0.32) earnings per share for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.53). The business had revenue of $10.13 billion for the quarter, compared to analysts’ expectations of $10.09 billion. Uber Technologies had a net margin of 3.60% and a return on equity of 12.81%. The business’s quarterly revenue was up 14.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.08) EPS. On average, equities analysts anticipate that Uber Technologies, Inc. will post 1.13 earnings per share for the current fiscal year.
Insider Buying and Selling
In other news, insider Jill Hazelbaker sold 20,000 shares of the stock in a transaction on Wednesday, February 14th. The shares were sold at an average price of $77.83, for a total value of $1,556,600.00. Following the completion of the transaction, the insider now owns 107,290 shares in the company, valued at approximately $8,350,380.70. The sale was disclosed in a filing with the SEC, which is available at this link. 3.80% of the stock is owned by insiders.
Institutional Inflows and Outflows
Several institutional investors have recently bought and sold shares of the stock. Financial Management Professionals Inc. boosted its holdings in Uber Technologies by 111.6% in the first quarter. Financial Management Professionals Inc. now owns 383 shares of the ride-sharing company’s stock valued at $29,000 after acquiring an additional 202 shares during the last quarter. J.Safra Asset Management Corp bought a new position in shares of Uber Technologies in the 1st quarter valued at about $32,000. YHB Investment Advisors Inc. bought a new position in shares of Uber Technologies in the 1st quarter valued at about $37,000. CVA Family Office LLC acquired a new stake in shares of Uber Technologies during the 4th quarter worth approximately $30,000. Finally, Highlander Capital Management LLC lifted its holdings in Uber Technologies by 100.0% in the fourth quarter. Highlander Capital Management LLC now owns 500 shares of the ride-sharing company’s stock valued at $31,000 after buying an additional 250 shares during the period. Institutional investors 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.