Uber Technologies (NYSE:UBER) Stock Price Down 0%

Shares of Uber Technologies, Inc. (NYSE:UBER) dropped 0% during trading on Friday . The stock traded as low as $68.11 and last traded at $68.87. Approximately 3,086,437 shares were traded during mid-day trading, a decline of 84% from the average daily volume of 19,902,311 shares. The stock had previously closed at $68.90.

Wall Street Analyst Weigh In

UBER has been the topic of several research reports. Jefferies Financial Group decreased their price target on shares of Uber Technologies from $103.00 to $100.00 and set a “buy” rating on the stock in a research note on Thursday, May 9th. Bank of America reduced their price target on shares of Uber Technologies from $91.00 to $87.00 and set a “buy” rating on the stock in a research note on Thursday, May 9th. Susquehanna raised their price target on shares of Uber Technologies from $60.00 to $85.00 and gave the company a “positive” rating in a research note on Thursday, February 8th. Royal Bank of Canada restated an “outperform” rating and issued a $80.00 price target on shares of Uber Technologies in a research note on Tuesday, May 28th. Finally, Wells Fargo & Company reduced their price target on shares of Uber Technologies from $95.00 to $89.00 and set an “overweight” rating on the stock in a research note on Thursday, May 9th. Two equities research analysts have rated the stock with a hold rating and thirty have issued a buy rating to the company’s stock. Based on data from MarketBeat, Uber Technologies has an average rating of “Moderate Buy” and an average target price of $84.38.

Uber Technologies Stock Performance

The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.21 and a current ratio of 1.21. The stock has a market cap of $144.85 billion, a P/E ratio of 111.08, a price-to-earnings-growth ratio of 1.44 and a beta of 1.37. The company’s 50 day moving average price is $69.23 and its 200-day moving average price is $68.27.

Uber Technologies (NYSE:UBER) last posted its earnings results on Wednesday, May 8th. The ride-sharing company reported ($0.32) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by ($0.53). The firm had revenue of $10.13 billion during the quarter, compared to the consensus estimate of $10.09 billion. Uber Technologies had a return on equity of 12.81% and a net margin of 3.60%. The business’s revenue was up 14.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.08) EPS. Equities analysts forecast that Uber Technologies, Inc. will post 0.84 EPS for the current fiscal year.

Insider Buying and Selling at Uber Technologies

In other news, CEO Dara Khosrowshahi sold 500,000 shares of the stock in a transaction dated Friday, May 17th. The shares were sold at an average price of $65.93, for a total value of $32,965,000.00. Following the sale, the chief executive officer now directly owns 1,656,996 shares of the company’s stock, valued at $109,245,746.28. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other news, CEO Dara Khosrowshahi sold 500,000 shares of the firm’s stock in a transaction that occurred on Friday, May 17th. The shares were sold at an average price of $65.93, for a total value of $32,965,000.00. Following the transaction, the chief executive officer now owns 1,656,996 shares in the company, valued at $109,245,746.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Tony West sold 18,750 shares of the firm’s stock in a transaction that occurred on Monday, May 13th. The stock was sold at an average price of $65.63, for a total transaction of $1,230,562.50. Following the completion of the transaction, the insider now owns 206,338 shares in the company, valued at approximately $13,541,962.94. The disclosure for this sale can be found here. Insiders own 3.84% of the company’s stock.

Institutional Trading of Uber Technologies

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Avantax Advisory Services Inc. increased its holdings in Uber Technologies by 12.6% in the 3rd quarter. Avantax Advisory Services Inc. now owns 16,452 shares of the ride-sharing company’s stock worth $757,000 after buying an additional 1,845 shares in the last quarter. Gamco Investors INC. ET AL grew its stake in shares of Uber Technologies by 26.4% during the 3rd quarter. Gamco Investors INC. ET AL now owns 9,294 shares of the ride-sharing company’s stock valued at $427,000 after purchasing an additional 1,940 shares during the period. Gabelli Funds LLC lifted its position in shares of Uber Technologies by 11.6% during the 3rd quarter. Gabelli Funds LLC now owns 6,305 shares of the ride-sharing company’s stock valued at $290,000 after buying an additional 655 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Uber Technologies by 1.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 5,853,970 shares of the ride-sharing company’s stock valued at $269,224,000 after buying an additional 84,744 shares in the last quarter. Finally, ProVise Management Group LLC purchased a new position in shares of Uber Technologies during the 3rd quarter valued at about $207,000. Hedge funds and other 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.