Uber Technologies (NYSE:UBER) Trading Down 1.2% – Should You Sell?

Shares of Uber Technologies, Inc. (NYSE:UBER) were down 1.2% during trading on Friday . The stock traded as low as $60.50 and last traded at $60.67. Approximately 8,994,130 shares changed hands during mid-day trading, a decline of 52% from the average daily volume of 18,848,064 shares. The stock had previously closed at $61.41.

Analysts Set New Price Targets

Several research analysts have recently commented on the stock. Gordon Haskett upgraded shares of Uber Technologies from a “hold” rating to a “buy” rating and set a $85.00 price target on the stock in a report on Thursday, October 31st. UBS Group raised their target price on Uber Technologies from $102.00 to $114.00 and gave the company a “buy” rating in a report on Friday, October 18th. DA Davidson boosted their price target on Uber Technologies from $82.00 to $84.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. BMO Capital Markets reissued an “outperform” rating and set a $92.00 price objective on shares of Uber Technologies in a report on Friday, October 11th. Finally, Cantor Fitzgerald restated an “overweight” rating and issued a $90.00 target price on shares of Uber Technologies in a report on Monday, October 7th. Six analysts have rated the stock with a hold rating, thirty-two have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $90.51.

Uber Technologies Trading Down 2.4 %

The company has a debt-to-equity ratio of 0.70, a current ratio of 1.41 and a quick ratio of 1.41. The business’s 50 day simple moving average is $73.54 and its 200 day simple moving average is $71.32. The stock has a market cap of $126.20 billion, a P/E ratio of 29.82, a PEG ratio of 0.75 and a beta of 1.33.

Uber Technologies (NYSE:UBER) last issued its earnings results on Thursday, October 31st. The ride-sharing company reported $1.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.41 by $0.79. The business had revenue of $11.19 billion during the quarter, compared to analysts’ expectations of $10.99 billion. Uber Technologies had a return on equity of 33.46% and a net margin of 10.49%. Uber Technologies’s quarterly revenue was up 20.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.10 EPS. On average, analysts expect that Uber Technologies, Inc. will post 1.89 earnings per share for the current fiscal year.

Insider Buying and Selling at Uber Technologies

In other news, insider Jill Hazelbaker sold 27,780 shares of the firm’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $72.90, for a total transaction of $2,025,162.00. Following the completion of the sale, the insider now owns 107,289 shares of the company’s stock, valued at approximately $7,821,368.10. This trade represents a 20.57 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 3.84% of the company’s stock.

Institutional Investors Weigh In On Uber Technologies

A number of large investors have recently bought and sold shares of UBER. Inspire Trust Co. N.A. boosted its stake in Uber Technologies by 30.5% in the third quarter. Inspire Trust Co. N.A. now owns 32,105 shares of the ride-sharing company’s stock worth $2,413,000 after purchasing an additional 7,500 shares in the last quarter. Tri Ri Asset Management Corp acquired a new stake in shares of Uber Technologies in the third quarter valued at $8,243,000. Peapack Gladstone Financial Corp raised its holdings in shares of Uber Technologies by 30.9% in the third quarter. Peapack Gladstone Financial Corp now owns 6,562 shares of the ride-sharing company’s stock valued at $494,000 after buying an additional 1,550 shares during the last quarter. Synovus Financial Corp lifted its position in Uber Technologies by 26.1% during the 3rd quarter. Synovus Financial Corp now owns 17,499 shares of the ride-sharing company’s stock worth $1,315,000 after buying an additional 3,622 shares in the last quarter. Finally, Tidal Investments LLC grew its holdings in Uber Technologies by 64.6% during the 3rd quarter. Tidal Investments LLC now owns 328,110 shares of the ride-sharing company’s stock worth $24,661,000 after acquiring an additional 128,739 shares during the last quarter. 80.24% of the stock is currently owned by institutional investors.

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.