Uber Technologies (NYSE:UBER) Shares Down 1.8% – Time to Sell?

Uber Technologies, Inc. (NYSE:UBER)’s stock price traded down 1.8% during mid-day trading on Wednesday . The stock traded as low as $73.76 and last traded at $74.25. 3,168,743 shares traded hands during trading, a decline of 84% from the average session volume of 19,605,219 shares. The stock had previously closed at $75.61.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on UBER shares. Piper Sandler reiterated an “overweight” rating and set a $87.00 price target (up previously from $80.00) on shares of Uber Technologies in a report on Tuesday, February 18th. Fox Advisors lowered shares of Uber Technologies from an “overweight” rating to an “equal weight” rating in a research note on Tuesday, March 11th. Evercore ISI dropped their price target on shares of Uber Technologies from $120.00 to $115.00 and set an “outperform” rating on the stock in a research report on Thursday, February 6th. DA Davidson reduced their price objective on shares of Uber Technologies from $84.00 to $80.00 and set a “buy” rating for the company in a research report on Thursday, February 6th. Finally, Truist Financial boosted their target price on Uber Technologies from $90.00 to $92.00 and gave the stock a “buy” rating in a research note on Thursday, March 6th. Ten research analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $90.31.

Uber Technologies Stock Performance

The company has a quick ratio of 1.41, a current ratio of 1.07 and a debt-to-equity ratio of 0.37. The firm has a market capitalization of $154.02 billion, a PE ratio of 16.17, a PEG ratio of 0.89 and a beta of 1.39. The company has a 50-day moving average of $73.06 and a 200 day moving average of $71.67.

Uber Technologies (NYSE:UBER) last released its quarterly earnings results on Wednesday, February 5th. The ride-sharing company reported $3.21 earnings per share for the quarter, beating analysts’ consensus estimates of $0.50 by $2.71. Uber Technologies had a return on equity of 62.60% and a net margin of 22.41%. Equities research analysts predict that Uber Technologies, Inc. will post 2.54 EPS for the current year.

Insider Buying and Selling at Uber Technologies

In related news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the company’s stock in a transaction on Thursday, March 20th. The shares were sold at an average price of $75.00, for a total transaction of $206,250.00. Following the completion of the sale, the chief financial officer now directly owns 22,162 shares in the company, valued at $1,662,150. This represents a 11.04 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Jill Hazelbaker sold 31,000 shares of the stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $81.02, for a total transaction of $2,511,620.00. Following the sale, the insider now directly owns 86,973 shares of the company’s stock, valued at $7,046,552.46. The trade was a 26.28 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 77,154 shares of company stock worth $5,793,869 over the last ninety days. Insiders own 3.84% of the company’s stock.

Hedge Funds Weigh In On Uber Technologies

Several hedge funds and other institutional investors have recently modified their holdings of UBER. Mascagni Wealth Management Inc. purchased a new stake in Uber Technologies in the fourth quarter worth $44,000. Chancellor Financial Group WB LP purchased a new stake in shares of Uber Technologies in the 4th quarter worth about $223,000. Lansforsakringar Fondforvaltning AB publ bought a new stake in shares of Uber Technologies during the 4th quarter valued at about $37,476,000. Centaurus Financial Inc. increased its position in shares of Uber Technologies by 438.7% during the fourth quarter. Centaurus Financial Inc. now owns 94,127 shares of the ride-sharing company’s stock valued at $5,678,000 after buying an additional 76,653 shares during the period. Finally, Castle Rock Wealth Management LLC purchased a new stake in Uber Technologies in the fourth quarter worth about $1,115,000. 80.24% of the stock is owned by institutional investors.

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.