Uber Technologies (NYSE:UBER) Shares Down 0.4% – Here’s What Happened

Uber Technologies, Inc. (NYSE:UBER)’s stock price was down 0.4% during mid-day trading on Friday . The company traded as low as $67.79 and last traded at $68.28. Approximately 8,688,001 shares changed hands during mid-day trading, a decline of 67% from the average daily volume of 26,077,301 shares. The stock had previously closed at $68.58.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on UBER. Tigress Financial boosted their target price on shares of Uber Technologies from $96.00 to $103.00 and gave the stock a “buy” rating in a research report on Monday, November 25th. Royal Bank of Canada increased their target price on Uber Technologies from $80.00 to $82.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Benchmark reaffirmed a “hold” rating on shares of Uber Technologies in a research report on Friday, November 1st. Evercore ISI increased their price objective on Uber Technologies from $90.00 to $120.00 and gave the company an “outperform” rating in a research report on Thursday, October 31st. Finally, UBS Group boosted their target price on shares of Uber Technologies from $102.00 to $114.00 and gave the stock a “buy” rating in a research report on Friday, October 18th. Seven 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 company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $91.53.

Uber Technologies Stock Down 1.5 %

The stock has a market cap of $142.21 billion, a P/E ratio of 33.62, a PEG ratio of 0.71 and a beta of 1.36. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.41 and a current ratio of 1.41. The firm’s 50-day moving average is $66.34 and its two-hundred day moving average is $70.39.

Uber Technologies (NYSE:UBER) last issued its quarterly earnings results on Thursday, October 31st. The ride-sharing company reported $1.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.41 by $0.79. The business had revenue of $11.19 billion for the quarter, compared to analyst estimates of $10.99 billion. Uber Technologies had a return on equity of 33.46% and a net margin of 10.49%. The firm’s revenue for the quarter was up 20.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.10 earnings per share. On average, equities research analysts anticipate that Uber Technologies, Inc. will post 1.9 earnings per share for the current year.

Insider Activity

In other news, insider Jill Hazelbaker sold 27,780 shares of the stock in a transaction on Monday, November 25th. The stock was sold at an average price of $72.90, for a total value of $2,025,162.00. Following the transaction, the insider now owns 107,289 shares of the company’s stock, valued at $7,821,368.10. This represents a 20.57 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 3.80% of the company’s stock.

Hedge Funds Weigh In On Uber Technologies

Several hedge funds have recently added to or reduced their stakes in UBER. Brown Brothers Harriman & Co. boosted its stake in Uber Technologies by 58.0% during the 2nd quarter. Brown Brothers Harriman & Co. now owns 1,299 shares of the ride-sharing company’s stock worth $94,000 after acquiring an additional 477 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in Uber Technologies by 13.9% in the second quarter. Dimensional Fund Advisors LP now owns 2,798,884 shares of the ride-sharing company’s stock worth $203,401,000 after purchasing an additional 341,312 shares during the period. One Capital Management LLC boosted its position in shares of Uber Technologies by 26.2% during the second quarter. One Capital Management LLC now owns 3,489 shares of the ride-sharing company’s stock worth $254,000 after purchasing an additional 725 shares in the last quarter. Stock Yards Bank & Trust Co. grew its holdings in shares of Uber Technologies by 9.3% in the 2nd quarter. Stock Yards Bank & Trust Co. now owns 3,530 shares of the ride-sharing company’s stock valued at $257,000 after buying an additional 300 shares during the period. Finally, Axxcess Wealth Management LLC increased its position in shares of Uber Technologies by 50.3% in the 2nd quarter. Axxcess Wealth Management LLC now owns 18,449 shares of the ride-sharing company’s stock valued at $1,341,000 after buying an additional 6,171 shares in the last quarter. Institutional investors and hedge funds 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.