Uber Technologies (NYSE:UBER) Stock Price Down 7.1% – Should You Sell?

Uber Technologies, Inc. (NYSE:UBER)’s stock price dropped 7.1% during trading on Wednesday . The stock traded as low as $63.65 and last traded at $64.80. Approximately 36,801,964 shares were traded during mid-day trading, an increase of 42% from the average daily volume of 25,980,400 shares. The stock had previously closed at $69.75.

Analyst Upgrades and Downgrades

UBER has been the topic of a number of research analyst reports. Citizens Jmp lowered shares of Uber Technologies from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 2nd. Tigress Financial lifted their price target on shares of Uber Technologies from $96.00 to $103.00 and gave the stock a “buy” rating in a report on Monday, November 25th. JPMorgan Chase & Co. reduced their price objective on shares of Uber Technologies from $95.00 to $90.00 and set an “overweight” rating on the stock in a research note on Thursday. KeyCorp cut their target price on Uber Technologies from $90.00 to $85.00 and set an “overweight” rating on the stock in a report on Friday, November 1st. Finally, Needham & Company LLC restated a “buy” rating and set a $90.00 price objective on shares of Uber Technologies in a research report on Wednesday. Seven equities research analysts have rated the stock with a hold rating, thirty-one have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Uber Technologies currently has an average rating of “Moderate Buy” and a consensus price target of $90.19.

Uber Technologies Trading Up 6.8 %

The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.70. The company’s 50 day moving average price is $65.28 and its two-hundred day moving average price is $70.07. The firm has a market cap of $157.43 billion, a PE ratio of 37.20, a P/E/G ratio of 0.77 and a beta of 1.39.

Uber Technologies (NYSE:UBER) last released its quarterly earnings data on Wednesday, February 5th. The ride-sharing company reported $3.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.50 by $2.71. Uber Technologies had a net margin of 10.49% and a return on equity of 33.46%. As a group, sell-side analysts forecast that Uber Technologies, Inc. will post 1.89 EPS for the current year.

Insider Buying and Selling

In related news, insider Jill Hazelbaker sold 27,780 shares of the firm’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $72.90, for a total transaction of $2,025,162.00. Following the completion of the transaction, the insider now directly owns 107,289 shares in the company, valued at $7,821,368.10. This trade represents a 20.57 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 3.80% of the stock is owned by insiders.

Institutional Trading of Uber Technologies

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. AMF Tjanstepension AB acquired a new stake in shares of Uber Technologies in the third quarter valued at about $163,468,000. Mather Group LLC. increased its stake in Uber Technologies by 123.1% during the third quarter. Mather Group LLC. now owns 5,357 shares of the ride-sharing company’s stock worth $403,000 after acquiring an additional 2,956 shares during the last quarter. Dynamic Advisor Solutions LLC lifted its position in Uber Technologies by 5.4% during the third quarter. Dynamic Advisor Solutions LLC now owns 14,853 shares of the ride-sharing company’s stock valued at $1,116,000 after buying an additional 764 shares in the last quarter. Artemis Investment Management LLP increased its holdings in Uber Technologies by 58.4% in the 3rd quarter. Artemis Investment Management LLP now owns 107,492 shares of the ride-sharing company’s stock valued at $8,079,000 after purchasing an additional 39,619 shares in the last quarter. Finally, Sovereign Financial Group Inc. grew its holdings in Uber Technologies by 12.6% during the 3rd quarter. Sovereign Financial Group Inc. now owns 3,318 shares of the ride-sharing company’s stock valued at $249,000 after purchasing an additional 372 shares in the last quarter. 80.24% of the stock is currently owned by institutional investors and hedge funds.

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.