Uber Technologies (NYSE:UBER) Trading Down 0.2%

Shares of Uber Technologies, Inc. (NYSE:UBER) were down 0.2% during trading on Wednesday . The company traded as low as $72.19 and last traded at $72.60. Approximately 1,443,340 shares traded hands during mid-day trading, a decline of 92% from the average daily volume of 18,216,781 shares. The stock had previously closed at $72.78.

Analyst Ratings Changes

Several research firms have recently weighed in on UBER. DA Davidson boosted their price target on Uber Technologies from $81.00 to $82.00 and gave the stock a “buy” rating in a report on Wednesday, August 7th. The Goldman Sachs Group increased their price objective on shares of Uber Technologies from $85.00 to $90.00 and gave the stock a “buy” rating in a research report on Wednesday, August 7th. Bank of America restated a “buy” rating and set a $88.00 price objective on shares of Uber Technologies in a report on Friday, August 23rd. Citigroup raised their target price on Uber Technologies from $96.00 to $98.00 and gave the company a “buy” rating in a report on Wednesday, August 7th. Finally, JMP Securities upped their price objective on Uber Technologies from $75.00 to $80.00 and gave the company a “market outperform” rating in a research note on Wednesday, August 7th. Four research analysts have rated the stock with a hold rating and thirty-one have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $87.60.

Uber Technologies Trading Up 1.1 %

The company’s fifty day moving average price is $69.45 and its two-hundred day moving average price is $70.77. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.72. The company has a market cap of $153.77 billion, a price-to-earnings ratio of 117.85, a price-to-earnings-growth ratio of 1.21 and a beta of 1.33.

Uber Technologies (NYSE:UBER) last announced its quarterly earnings results on Tuesday, August 6th. The ride-sharing company reported $0.47 earnings per share for the quarter, beating analysts’ consensus estimates of $0.31 by $0.16. The business had revenue of $10.70 billion for the quarter, compared to the consensus estimate of $10.57 billion. Uber Technologies had a net margin of 5.02% and a return on equity of 17.06%. Uber Technologies’s revenue for the quarter was up 15.9% on a year-over-year basis. During the same period last year, the company posted $0.18 EPS. Research analysts expect that Uber Technologies, Inc. will post 1.06 earnings per share for the current year.

Insider Transactions at Uber Technologies

In other news, CEO Dara Khosrowshahi sold 500,000 shares of the stock in a transaction on Monday, July 15th. The stock was sold at an average price of $71.91, for a total transaction of $35,955,000.00. Following the sale, the chief executive officer now directly owns 1,266,114 shares of the company’s stock, valued at approximately $91,046,257.74. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 3.84% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Uber Technologies

Several hedge funds and other institutional investors have recently modified their holdings of the business. Vanguard Group Inc. boosted its stake in shares of Uber Technologies by 2.2% during the first quarter. Vanguard Group Inc. now owns 171,253,318 shares of the ride-sharing company’s stock valued at $13,184,793,000 after purchasing an additional 3,623,951 shares in the last quarter. Capital World Investors lifted its holdings in Uber Technologies by 0.7% during the 4th quarter. Capital World Investors now owns 40,610,127 shares of the ride-sharing company’s stock worth $2,500,366,000 after buying an additional 283,802 shares during the period. Capital Research Global Investors increased its stake in shares of Uber Technologies by 8.2% in the first quarter. Capital Research Global Investors now owns 39,947,547 shares of the ride-sharing company’s stock valued at $3,075,562,000 after buying an additional 3,019,431 shares during the period. Price T Rowe Associates Inc. MD lifted its stake in shares of Uber Technologies by 37.8% in the first quarter. Price T Rowe Associates Inc. MD now owns 36,425,981 shares of the ride-sharing company’s stock worth $2,804,437,000 after acquiring an additional 9,996,508 shares during the period. Finally, GQG Partners LLC boosted its holdings in Uber Technologies by 74.1% in the first quarter. GQG Partners LLC now owns 22,423,451 shares of the ride-sharing company’s stock valued at $1,726,381,000 after acquiring an additional 9,541,366 shares during the last quarter. 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.