By otakuyassine3@gmail.com 
Shares of Uber Technologies, Inc. (NYSE:UBER – Get Free Report) dropped 1% during mid-day trading on Thursday . The stock traded as low as $60.61 and last traded at $60.63. Approximately 7,698,206 shares changed hands during mid-day trading, a decline of 60% from the average daily volume of 19,220,570 shares. The stock had previously closed at $61.23.
Analyst Ratings Changes
A number of analysts recently commented on the company. Wells Fargo & Company dropped their price target on Uber Technologies from $97.00 to $90.00 and set an “overweight” rating on the stock in a report on Friday, November 1st. JMP Securities reaffirmed a “market outperform” rating and set a $95.00 target price on shares of Uber Technologies in a research report on Wednesday, December 4th. Truist Financial cut their price target on shares of Uber Technologies from $99.00 to $95.00 and set a “buy” rating on the stock in a report on Friday, November 1st. Bank of America increased their price target on shares of Uber Technologies from $88.00 to $96.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. Finally, Oppenheimer lifted their price objective on shares of Uber Technologies from $90.00 to $95.00 and gave the stock an “outperform” rating in a research report on Friday, September 27th. Six analysts have rated the stock with a hold rating, thirty-two have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $90.51.
Check Out Our Latest Stock Report on UBER
Uber Technologies Price Performance
The stock has a market capitalization of $127.88 billion, a P/E ratio of 30.21, a price-to-earnings-growth ratio of 0.75 and a beta of 1.33. The firm has a 50-day moving average price of $71.75 and a 200 day moving average price of $71.20. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.41 and a current ratio of 1.41.
Uber Technologies (NYSE:UBER – Get Free Report) last announced its quarterly earnings data on Thursday, October 31st. The ride-sharing company reported $1.20 earnings per share for the quarter, topping analysts’ consensus estimates of $0.41 by $0.79. Uber Technologies had a net margin of 10.49% and a return on equity of 33.46%. The firm had revenue of $11.19 billion during the quarter, compared to analyst estimates of $10.99 billion. During the same period in the previous year, the business posted $0.10 EPS. The business’s quarterly revenue was up 20.4% on a year-over-year basis. On average, analysts expect that Uber Technologies, Inc. will post 1.89 EPS for the current year.
Insider Buying and Selling at Uber Technologies
In related news, insider Jill Hazelbaker sold 27,780 shares of Uber Technologies stock in a transaction on Monday, November 25th. The shares were sold at an average price of $72.90, for a total value of $2,025,162.00. Following the transaction, the insider now directly owns 107,289 shares of the company’s stock, valued at $7,821,368.10. The trade was a 20.57 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 3.80% of the company’s stock.
Institutional Investors Weigh In On Uber Technologies
A number of large investors have recently added to or reduced their stakes in UBER. GHP Investment Advisors Inc. raised its holdings in shares of Uber Technologies by 222.7% during the second quarter. GHP Investment Advisors Inc. now owns 355 shares of the ride-sharing company’s stock valued at $26,000 after acquiring an additional 245 shares in the last quarter. WR Wealth Planners LLC lifted its position in shares of Uber Technologies by 563.9% in the 2nd quarter. WR Wealth Planners LLC now owns 405 shares of the ride-sharing company’s stock worth $29,000 after purchasing an additional 344 shares during the period. MCF Advisors LLC boosted its stake in shares of Uber Technologies by 1,038.5% during the 2nd quarter. MCF Advisors LLC now owns 444 shares of the ride-sharing company’s stock valued at $32,000 after purchasing an additional 405 shares in the last quarter. Fairfield Financial Advisors LTD purchased a new position in shares of Uber Technologies during the second quarter valued at about $36,000. Finally, Financial Management Professionals Inc. raised its stake in Uber Technologies by 104.1% in the third quarter. Financial Management Professionals Inc. now owns 494 shares of the ride-sharing company’s stock worth $37,000 after buying an additional 252 shares in the last quarter. Institutional investors own 80.24% of the company’s stock.
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.
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