Uber Technologies (NYSE:UBER) Stock Price Down 0.6% – Should You Sell?

Uber Technologies, Inc. (NYSE:UBER) dropped 0.6% during trading on Tuesday . The stock traded as low as $65.32 and last traded at $65.33. Approximately 5,025,841 shares changed hands during mid-day trading, a decline of 80% from the average daily volume of 25,752,664 shares. The stock had previously closed at $65.70.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on UBER shares. Jefferies Financial Group raised their target price on shares of Uber Technologies from $100.00 to $105.00 and gave the company a “buy” rating in a research note on Tuesday, October 22nd. Bank of America lifted their price objective on shares of Uber Technologies from $88.00 to $96.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. Wolfe Research raised their price target on shares of Uber Technologies from $90.00 to $92.00 and gave the company an “outperform” rating in a report on Friday, January 3rd. KeyCorp cut their price objective on shares of Uber Technologies from $90.00 to $85.00 and set an “overweight” rating on the stock in a report on Friday, November 1st. Finally, UBS Group raised their price objective on shares of Uber Technologies from $102.00 to $114.00 and gave the stock a “buy” rating in a report on Friday, October 18th. Seven research analysts have rated the stock with a hold rating, thirty-one have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $91.53.

Uber Technologies Price Performance

The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.70. The business has a fifty day simple moving average of $66.76 and a 200 day simple moving average of $70.48. The stock has a market capitalization of $136.58 billion, a P/E ratio of 32.27, a price-to-earnings-growth ratio of 0.75 and a beta of 1.36.

Uber Technologies (NYSE:UBER) last announced its earnings results 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 return on equity of 33.46% and a net margin of 10.49%. The firm had revenue of $11.19 billion for the quarter, compared to the consensus estimate of $10.99 billion. During the same quarter in the previous year, the business earned $0.10 EPS. The company’s revenue was up 20.4% compared to the same quarter last year. On average, analysts expect that Uber Technologies, Inc. will post 1.89 earnings per share for the current year.

Insiders Place Their Bets

In other news, insider Jill Hazelbaker sold 27,780 shares of the stock in a transaction dated 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 directly owns 107,289 shares in the company, valued at approximately $7,821,368.10. This represents a 20.57 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 3.84% of the company’s stock.

Hedge Funds Weigh In On Uber Technologies

Several large investors have recently made changes to their positions in the business. GHP Investment Advisors Inc. raised its position in Uber Technologies by 222.7% in the 2nd quarter. GHP Investment Advisors Inc. now owns 355 shares of the ride-sharing company’s stock worth $26,000 after purchasing an additional 245 shares during the period. Thompson Siegel & Walmsley LLC boosted its stake in Uber Technologies by 2.9% in the second quarter. Thompson Siegel & Walmsley LLC now owns 71,940 shares of the ride-sharing company’s stock valued at $5,229,000 after acquiring an additional 2,040 shares in the last quarter. WINTON GROUP Ltd purchased a new position in Uber Technologies during the 2nd quarter worth $1,960,000. Prime Capital Investment Advisors LLC increased its holdings in shares of Uber Technologies by 59.9% during the second quarter. Prime Capital Investment Advisors LLC now owns 66,345 shares of the ride-sharing company’s stock valued at $4,822,000 after acquiring an additional 24,856 shares in the last quarter. Finally, Brown Brothers Harriman & Co. raised its holdings in shares of Uber Technologies by 58.0% in the second quarter. Brown Brothers Harriman & Co. now owns 1,299 shares of the ride-sharing company’s stock worth $94,000 after buying an additional 477 shares during the last quarter. 80.24% of the stock is currently owned by hedge funds and other institutional investors.

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.