Uber Technologies (NYSE:UBER) Stock Price Down 3.9% – Time to Sell?

Uber Technologies, Inc. (NYSE:UBER)’s share price traded down 3.9% on Monday . The stock traded as low as $81.17 and last traded at $81.8260. 32,026,439 shares changed hands during mid-day trading, an increase of 55% from the average session volume of 20,679,115 shares. The stock had previously closed at $85.11.

Wall Street Analyst Weigh In

UBER has been the topic of a number of recent analyst reports. Barclays lowered their price target on Uber Technologies from $110.00 to $107.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 5th. Mizuho began coverage on Uber Technologies in a research note on Monday, September 29th. They set an “outperform” rating and a $130.00 target price for the company. Benchmark reissued a “hold” rating on shares of Uber Technologies in a research note on Tuesday, October 28th. Erste Group Bank lowered shares of Uber Technologies from a “buy” rating to a “hold” rating in a report on Friday, December 5th. Finally, Stifel Nicolaus set a $122.00 price objective on shares of Uber Technologies in a report on Tuesday, November 4th. Two equities research analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating and nine have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $108.60.

Uber Technologies Stock Performance

The company has a market cap of $170.02 billion, a PE ratio of 10.52 and a beta of 1.19. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.15 and a current ratio of 1.15. The firm’s 50 day moving average is $91.78 and its 200-day moving average is $91.80.

Uber Technologies (NYSE:UBER) last posted its quarterly earnings results on Tuesday, November 4th. The ride-sharing company reported $3.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.67 by $2.44. Uber Technologies had a return on equity of 68.17% and a net margin of 33.54%.The business had revenue of $13.47 billion during the quarter, compared to analyst estimates of $13.25 billion. During the same period in the prior year, the business earned $1.20 earnings per share. The business’s revenue was up 20.4% compared to the same quarter last year. On average, research analysts anticipate that Uber Technologies, Inc. will post 2.54 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CEO Dara Khosrowshahi sold 150,000 shares of the company’s stock in a transaction that occurred on Monday, September 22nd. The stock was sold at an average price of $100.48, for a total value of $15,072,000.00. Following the transaction, the chief executive officer directly owned 982,544 shares in the company, valued at approximately $98,726,021.12. This represents a 13.24% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Tony West sold 3,125 shares of the stock in a transaction that occurred on Tuesday, November 18th. The stock was sold at an average price of $92.10, for a total value of $287,812.50. Following the completion of the transaction, the insider owned 174,135 shares of the company’s stock, valued at $16,037,833.50. The trade was a 1.76% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 267,625 shares of company stock valued at $26,774,660 in the last three months. 3.70% of the stock is currently owned by insiders.

Institutional Trading of Uber Technologies

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Measured Wealth Private Client Group LLC acquired a new stake in shares of Uber Technologies during the third quarter valued at about $25,000. Kilter Group LLC acquired a new position in Uber Technologies during the second quarter worth $26,000. Westend Capital Management LLC purchased a new position in shares of Uber Technologies during the third quarter worth $27,000. West Oak Capital LLC purchased a new position in shares of Uber Technologies during the second quarter worth $28,000. Finally, Truvestments Capital LLC lifted its stake in Uber Technologies by 498.5% during the 1st quarter. Truvestments Capital LLC now owns 407 shares of the ride-sharing company’s stock worth $30,000 after acquiring an additional 339 shares in the last quarter. 80.24% of the stock is owned by institutional investors and hedge funds.

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.