Uber Technologies (NYSE:UBER) Trading Down 2.8% – Time to Sell?

Uber Technologies, Inc. (NYSE:UBER)’s share price was down 2.8% during trading on Tuesday . The stock traded as low as $71.60 and last traded at $72.37. Approximately 6,627,437 shares traded hands during mid-day trading, a decline of 66% from the average daily volume of 19,403,085 shares. The stock had previously closed at $74.44.

Analyst Ratings Changes

Several analysts have recently commented on UBER shares. Wolfe Research increased their price objective on Uber Technologies from $90.00 to $92.00 and gave the stock an “outperform” rating in a research note on Friday, January 3rd. JMP Securities reissued a “market perform” rating on shares of Uber Technologies in a research note on Thursday, February 6th. UBS Group reissued a “buy” rating on shares of Uber Technologies in a research note on Friday, February 21st. JPMorgan Chase & Co. reduced their target price on Uber Technologies from $95.00 to $90.00 and set an “overweight” rating for the company in a report on Thursday, February 6th. Finally, Tigress Financial upped their target price on Uber Technologies from $96.00 to $103.00 and gave the company a “buy” rating in a report on Monday, November 25th. Eight equities research analysts have rated the stock with a hold rating, twenty-seven have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $90.94.

Uber Technologies Stock Up 1.2 %

The stock has a 50-day simple moving average of $69.78 and a two-hundred day simple moving average of $71.54. The company has a quick ratio of 1.41, a current ratio of 1.07 and a debt-to-equity ratio of 0.37. The firm has a market cap of $157.37 billion, a PE ratio of 16.52, a P/E/G ratio of 0.89 and a beta of 1.39.

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

Insider Buying and Selling at Uber Technologies

In other news, insider Jill Hazelbaker sold 31,000 shares of Uber Technologies stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $81.02, for a total value of $2,511,620.00. Following the transaction, 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 3.84% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Avion Wealth grew 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 worth $26,000 after purchasing an additional 218 shares during the last quarter. Transce3nd LLC bought a new stake in Uber Technologies during the 4th quarter valued at approximately $27,000. Fourth Dimension Wealth LLC purchased a new position in shares of Uber Technologies during the fourth quarter valued at approximately $27,000. Runnymede Capital Advisors Inc. purchased a new position in shares of Uber Technologies during the fourth quarter valued at approximately $28,000. Finally, GHP Investment Advisors Inc. lifted its holdings in shares of Uber Technologies by 85.1% during the fourth quarter. GHP Investment Advisors Inc. now owns 485 shares of the ride-sharing company’s stock valued at $29,000 after purchasing an additional 223 shares during the last quarter. 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.