Uber Technologies (NYSE:UBER) Stock Price Down 4.1% – Time to Sell?

Uber Technologies, Inc. (NYSE:UBER) shares fell 4.1% on Monday . The company traded as low as $75.34 and last traded at $75.61. 18,021,357 shares changed hands during mid-day trading, a decline of 7% from the average daily volume of 19,309,676 shares. The stock had previously closed at $78.82.

Analyst Upgrades and Downgrades

UBER has been the topic of several recent analyst reports. Jefferies Financial Group increased their target price on shares of Uber Technologies from $100.00 to $110.00 and gave the stock a “buy” rating in a research note on Monday, August 10th. Benchmark reaffirmed a “hold” rating on shares of Uber Technologies in a report on Monday, July 20th. Truist Financial upped their target price on Uber Technologies from $108.00 to $112.00 and gave the stock a “buy” rating in a research note on Thursday, May 7th. UBS Group lowered Uber Technologies from a “buy” rating to a “neutral” rating in a research report on Monday, May 11th. Finally, Sanford C. Bernstein dropped their price target on shares of Uber Technologies from $110.00 to $95.00 and set an “outperform” rating on the stock in a research note on Thursday, August 6th. One investment analyst has rated the stock with a Strong Buy rating, thirty-three have assigned a Buy rating, four have issued a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, Uber Technologies presently has a consensus rating of “Moderate Buy” and an average price target of $104.25.

Uber Technologies Trading Down 4.1%

The company has a fifty day moving average of $73.72 and a 200-day moving average of $73.43. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.38. The company has a market capitalization of $154.44 billion, a price-to-earnings ratio of 16.62, a PEG ratio of 6.35 and a beta of 1.13.

Uber Technologies (NYSE:UBER) last announced its earnings results on Wednesday, August 5th. The ride-sharing company reported $0.81 EPS for the quarter, beating analysts’ consensus estimates of $0.80 by $0.01. The business had revenue of $14.19 billion during the quarter, compared to analysts’ expectations of $14.24 billion. Uber Technologies had a return on equity of 43.36% and a net margin of 17.34%.The business’s revenue was up 12.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.60 earnings per share. Uber Technologies has set its Q3 2026 guidance at 0.840-0.880 EPS. As a group, equities research analysts anticipate that Uber Technologies, Inc. will post 3.39 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Uber Technologies

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Osbon Capital Management LLC purchased a new position in shares of Uber Technologies in the fourth quarter worth about $25,000. Nalls Sherbakoff Group LLC purchased a new stake in Uber Technologies during the 4th quarter valued at about $25,000. Portus Wealth Advisors LLC acquired a new stake in Uber Technologies in the 1st quarter valued at about $25,000. Measured Wealth Private Client Group LLC purchased a new position in Uber Technologies in the 3rd quarter worth approximately $25,000. Finally, Lloyd Advisory Services LLC. purchased a new position in Uber Technologies in the 4th quarter worth approximately $27,000. Institutional investors and hedge funds own 80.24% of the company’s stock.

About Uber Technologies

Uber Technologies, Inc is a technology company that operates a global platform connecting riders, drivers, couriers, restaurants and shippers. Founded in 2009 by Garrett Camp and Travis Kalanick and headquartered in San Francisco, Uber developed one of the first large-scale ride-hailing marketplaces and has since expanded into a broader set of mobility and logistics services. The company completed its initial public offering in 2019 and continues to position its app-based network as a multi-modal transportation and delivery platform.

Uber’s principal businesses include mobility services (ride-hailing and shared rides), delivery through Uber Eats, and freight logistics via Uber Freight.