Uber Technologies (NYSE:UBER) Trading Down 0.2% – Here’s What Happened

Uber Technologies, Inc. (NYSE:UBER) dropped 0.2% during trading on Thursday . The company traded as low as $70.56 and last traded at $71.06. Approximately 3,048,510 shares were traded during mid-day trading, a decline of 84% from the average daily volume of 19,510,466 shares. The stock had previously closed at $71.20.

Analyst Ratings Changes

UBER has been the subject of a number of recent research reports. Tigress Financial increased their target price on shares of Uber Technologies from $96.00 to $103.00 and gave the company a “buy” rating in a research report on Monday, November 25th. UBS Group reiterated a “buy” rating on shares of Uber Technologies in a research report on Friday, February 21st. Citizens Jmp cut shares of Uber Technologies from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 2nd. JMP Securities restated a “market perform” rating on shares of Uber Technologies in a research report on Thursday, February 6th. Finally, Evercore ISI cut their price objective on shares of Uber Technologies from $120.00 to $115.00 and set an “outperform” rating for the company in a research report on Thursday, February 6th. Ten equities research analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $90.31.

Uber Technologies Stock Up 3.1 %

The business’s 50 day moving average is $71.85 and its 200-day moving average is $71.56. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.07 and a quick ratio of 1.41. The company has a market cap of $149.71 billion, a PE ratio of 15.72, a P/E/G ratio of 0.89 and a beta of 1.39.

Uber Technologies (NYSE:UBER) last issued its quarterly earnings results on Wednesday, February 5th. The ride-sharing company reported $3.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.50 by $2.71. Uber Technologies had a net margin of 22.41% and a return on equity of 62.60%. As a group, analysts predict that Uber Technologies, Inc. will post 2.54 EPS for the current year.

Insider Buying and Selling

In other news, insider Jill Hazelbaker sold 31,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $81.02, for a total transaction of $2,511,620.00. Following the completion of the sale, the insider now owns 86,973 shares in the company, valued at approximately $7,046,552.46. The trade was a 26.28 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 3.84% of the stock is owned by insiders.

Institutional Trading of Uber Technologies

Institutional investors have recently modified their holdings of the stock. Fourth Dimension Wealth LLC purchased a new stake in shares of Uber Technologies during the 4th quarter worth approximately $27,000. Avion Wealth lifted its position in shares of Uber Technologies by 96.0% during the 4th quarter. Avion Wealth now owns 445 shares of the ride-sharing company’s stock worth $26,000 after buying an additional 218 shares during the last quarter. Transce3nd LLC purchased a new stake in shares of Uber Technologies during the 4th quarter worth approximately $27,000. Runnymede Capital Advisors Inc. acquired a new position in shares of Uber Technologies in the 4th quarter valued at $28,000. Finally, GHP Investment Advisors Inc. increased its holdings in shares of Uber Technologies by 85.1% in the 4th quarter. GHP Investment Advisors Inc. now owns 485 shares of the ride-sharing company’s stock valued at $29,000 after acquiring an additional 223 shares during the period. Hedge funds and other 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.