Uber Technologies (NYSE:UBER) Trading Down 0.3%

Uber Technologies, Inc. (NYSE:UBER) shares traded down 0.3% during trading on Friday . The stock traded as low as $69.23 and last traded at $70.10. 3,871,358 shares were traded during mid-day trading, a decline of 80% from the average session volume of 19,529,092 shares. The stock had previously closed at $70.30.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. Moffett Nathanson reiterated a “buy” rating and issued a $92.00 target price on shares of Uber Technologies in a report on Thursday, April 11th. Wells Fargo & Company decreased their price target on shares of Uber Technologies from $95.00 to $89.00 and set an “overweight” rating on the stock in a research report on Thursday, May 9th. JMP Securities restated a “market outperform” rating and issued a $80.00 price target on shares of Uber Technologies in a research report on Thursday, May 16th. Jefferies Financial Group decreased their price target on shares of Uber Technologies from $103.00 to $100.00 and set a “buy” rating on the stock in a research report on Thursday, May 9th. Finally, Needham & Company LLC restated a “buy” rating and issued a $90.00 price target on shares of Uber Technologies in a research report on Wednesday, May 8th. Two equities research analysts have rated the stock with a hold rating and thirty have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $84.47.

Uber Technologies Stock Performance

The company has a market capitalization of $146.71 billion, a P/E ratio of 113.24, a P/E/G ratio of 1.54 and a beta of 1.37. 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 stock’s 50 day simple moving average is $67.99 and its two-hundred day simple moving average is $69.44.

Uber Technologies (NYSE:UBER) last announced its 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 company had revenue of $10.13 billion during the quarter, compared to the consensus estimate of $10.09 billion. Uber Technologies had a return on equity of 12.81% and a net margin of 3.60%. The company’s revenue was up 14.8% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.08) earnings per share. As a group, research analysts expect that Uber Technologies, Inc. will post 0.84 earnings per share for the current year.

Insider Buying and Selling

In related news, insider Tony West sold 18,750 shares of the business’s stock in a transaction that occurred on Monday, May 13th. The shares were sold at an average price of $65.63, for a total transaction of $1,230,562.50. Following the completion of the sale, the insider now directly owns 206,338 shares of the company’s stock, valued at $13,541,962.94. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In related news, insider Tony West sold 18,750 shares of the business’s stock in a transaction that occurred on Monday, May 13th. The shares were sold at an average price of $65.63, for a total transaction of $1,230,562.50. Following the completion of the sale, the insider now directly owns 206,338 shares of the company’s stock, valued at $13,541,962.94. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Dara Khosrowshahi sold 500,000 shares of the business’s stock in a transaction that occurred on Friday, May 17th. The stock was sold at an average price of $65.93, for a total transaction of $32,965,000.00. Following the sale, the chief executive officer now directly owns 1,656,996 shares of the company’s stock, valued at $109,245,746.28. The disclosure for this sale can be found here. Insiders sold a total of 635,984 shares of company stock valued at $42,258,297 over the last ninety days. Insiders own 3.84% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Financial Management Professionals Inc. grew its holdings in Uber Technologies by 111.6% during the first quarter. Financial Management Professionals Inc. now owns 383 shares of the ride-sharing company’s stock valued at $29,000 after purchasing an additional 202 shares during the period. CVA Family Office LLC acquired a new position in Uber Technologies during the fourth quarter valued at approximately $30,000. Highlander Capital Management LLC grew its holdings in Uber Technologies by 100.0% during the fourth quarter. Highlander Capital Management LLC now owns 500 shares of the ride-sharing company’s stock valued at $31,000 after purchasing an additional 250 shares during the period. Bfsg LLC acquired a new position in Uber Technologies during the fourth quarter valued at approximately $31,000. Finally, Blue Bell Private Wealth Management LLC grew its holdings in Uber Technologies by 49.7% during the fourth quarter. Blue Bell Private Wealth Management LLC now owns 524 shares of the ride-sharing company’s stock valued at $32,000 after purchasing an additional 174 shares during the period. 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.