Uber Technologies (NYSE:UBER) Trading Down 0.1%

Uber Technologies, Inc. (NYSE:UBERGet Free Report) traded down 0.1% during mid-day trading on Monday . The company traded as low as $70.75 and last traded at $70.96. 1,519,072 shares changed hands during trading, a decline of 92% from the average session volume of 19,049,602 shares. The stock had previously closed at $71.06.

Analyst Ratings Changes

Several brokerages have recently issued reports on UBER. JMP Securities reissued a “market outperform” rating and set a $80.00 price objective on shares of Uber Technologies in a research note on Thursday, May 16th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $80.00 price target on shares of Uber Technologies in a research report on Tuesday, May 28th. UBS Group dropped their price objective on shares of Uber Technologies from $100.00 to $95.00 and set a “buy” rating for the company in a research report on Thursday, May 9th. Oppenheimer reissued an “outperform” rating and issued a $90.00 target price on shares of Uber Technologies in a research note on Wednesday, June 5th. Finally, BMO Capital Markets reaffirmed an “outperform” rating and set a $92.00 price target on shares of Uber Technologies in a research report on Wednesday, May 15th. Two equities research analysts have rated the stock with a hold rating and thirty have assigned a buy rating to the company. Based on data from MarketBeat.com, Uber Technologies has an average rating of “Moderate Buy” and a consensus price target of $84.41.

Check Out Our Latest Report on Uber Technologies

Uber Technologies Trading Down 2.9 %

The stock has a market capitalization of $144.73 billion, a P/E ratio of 111.72, a price-to-earnings-growth ratio of 1.56 and a beta of 1.36. The business has a 50 day simple moving average of $68.27 and a 200-day simple moving average of $70.29. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.21 and a current ratio of 1.21.

Uber Technologies (NYSE:UBERGet Free Report) last posted its quarterly earnings data on Wednesday, May 8th. The ride-sharing company reported ($0.32) earnings per share for the quarter, missing the consensus estimate of $0.21 by ($0.53). Uber Technologies had a net margin of 3.60% and a return on equity of 12.81%. The business had revenue of $10.13 billion for the quarter, compared to the consensus estimate of $10.09 billion. During the same quarter last year, the business posted ($0.08) EPS. The business’s revenue for the quarter was up 14.8% on a year-over-year basis. On average, analysts predict that Uber Technologies, Inc. will post 0.85 EPS for the current year.

Insider Buying and Selling

In other news, insider Tony West sold 18,750 shares of the business’s stock in a transaction that occurred on Monday, May 13th. The shares were sold at an average price of $65.63, for a total transaction of $1,230,562.50. Following the sale, the insider now owns 206,338 shares in the company, valued at $13,541,962.94. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, insider Tony West sold 18,750 shares of Uber Technologies stock in a transaction 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 transaction, the insider now owns 206,338 shares in the company, valued at $13,541,962.94. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Dara Khosrowshahi sold 500,000 shares of the company’s stock in a transaction 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 directly owns 1,656,996 shares in the company, valued at $109,245,746.28. The disclosure for this sale can be found here. In the last quarter, insiders have sold 635,984 shares of company stock valued at $42,258,297. 3.80% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Uber Technologies

Institutional investors and hedge funds have recently modified their holdings of the stock. Csenge Advisory Group grew its stake in shares of Uber Technologies by 8.2% in the 2nd quarter. Csenge Advisory Group now owns 10,391 shares of the ride-sharing company’s stock valued at $755,000 after buying an additional 790 shares in the last quarter. Cyr Financial Inc. bought a new stake in Uber Technologies in the second quarter worth approximately $753,000. Founders Capital Management acquired a new position in shares of Uber Technologies during the 2nd quarter worth $33,000. Valeo Financial Advisors LLC lifted its stake in shares of Uber Technologies by 5.0% in the 2nd quarter. Valeo Financial Advisors LLC now owns 25,787 shares of the ride-sharing company’s stock valued at $1,874,000 after purchasing an additional 1,220 shares during the last quarter. Finally, NBC Securities Inc. boosted its holdings in Uber Technologies by 16.8% in the second quarter. NBC Securities Inc. now owns 49,286 shares of the ride-sharing company’s stock worth $3,582,000 after purchasing an additional 7,072 shares in the last quarter. 80.24% of the stock is currently owned by hedge funds and other institutional investors.

Uber Technologies Company Profile

(Get Free Report)

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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