Uber Technologies (NYSE:UBER) Stock Price Down 1.3% – Here’s What Happened

Shares of Uber Technologies, Inc. (NYSE:UBER) dropped 1.3% on Thursday . The company traded as low as $72.90 and last traded at $73.6570. Approximately 13,132,237 shares were traded during mid-day trading, a decline of 30% from the average daily volume of 18,741,223 shares. The stock had previously closed at $74.60.

Analyst Upgrades and Downgrades

UBER has been the topic of a number of recent analyst reports. Macquarie Infrastructure upgraded Uber Technologies to an “outperform” rating in a research note on Monday, May 11th. Stifel Nicolaus reduced their price target on shares of Uber Technologies from $122.00 to $105.00 and set a “buy” rating on the stock in a research note on Tuesday, January 27th. Piper Sandler raised their price target on shares of Uber Technologies from $100.00 to $105.00 and gave the stock an “overweight” rating in a research note on Thursday, May 7th. Raymond James Financial raised shares of Uber Technologies from an “outperform” rating to a “strong-buy” rating in a research note on Monday, May 11th. Finally, Benchmark reaffirmed a “hold” rating on shares of Uber Technologies in a research report on Thursday, February 5th. One research analyst has rated the stock with a Strong Buy rating, thirty have given a Buy rating, seven have assigned a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $105.11.

Uber Technologies Price Performance

The company has a market capitalization of $149.94 billion, a PE ratio of 18.37, a P/E/G ratio of 6.30 and a beta of 1.16. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.07 and a current ratio of 1.07. The firm has a fifty day simple moving average of $74.18 and a 200 day simple moving average of $79.57.

Uber Technologies (NYSE:UBER) last announced its quarterly earnings results on Wednesday, May 6th. The ride-sharing company reported $0.72 EPS for the quarter, beating the consensus estimate of $0.69 by $0.03. The firm had revenue of $13.20 billion for the quarter, compared to analyst estimates of $13.28 billion. Uber Technologies had a return on equity of 41.40% and a net margin of 15.91%.The business’s revenue for the quarter was up 14.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.83 earnings per share. Uber Technologies has set its Q2 2026 guidance at 0.780-0.820 EPS. Equities analysts anticipate that Uber Technologies, Inc. will post 2.95 EPS for the current year.

Insider Transactions at Uber Technologies

In other Uber Technologies news, CFO Balaji (A) Krishnamurthy bought 22,453 shares of the business’s stock in a transaction on Tuesday, February 24th. The shares were acquired at an average price of $71.25 per share, with a total value of $1,599,776.25. Following the transaction, the chief financial officer owned 28,742 shares of the company’s stock, valued at approximately $2,047,867.50. This trade represents a 357.02% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Nikki Krishnamurthy sold 30,000 shares of the firm’s stock in a transaction dated Monday, March 16th. The shares were sold at an average price of $74.45, for a total transaction of $2,233,500.00. Following the transaction, the senior vice president directly owned 460,756 shares in the company, valued at $34,303,284.20. This trade represents a 6.11% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 3.81% of the company’s stock.

Hedge Funds Weigh In On Uber Technologies

Several institutional investors have recently bought and sold shares of UBER. Transcendent Capital Group LLC purchased a new stake in shares of Uber Technologies during the third quarter worth approximately $1,859,000. Mawer Investment Management Ltd. purchased a new stake in shares of Uber Technologies in the 3rd quarter valued at approximately $74,107,000. Rhumbline Advisers increased its position in shares of Uber Technologies by 1.1% in the 3rd quarter. Rhumbline Advisers now owns 3,730,516 shares of the ride-sharing company’s stock valued at $365,479,000 after purchasing an additional 42,278 shares during the last quarter. Longbow Finance SA increased its position in shares of Uber Technologies by 51.8% in the 3rd quarter. Longbow Finance SA now owns 112,287 shares of the ride-sharing company’s stock valued at $11,001,000 after purchasing an additional 38,304 shares during the last quarter. Finally, Vanguard Group Inc. increased its position in shares of Uber Technologies by 0.9% in the 4th quarter. Vanguard Group Inc. now owns 192,499,602 shares of the ride-sharing company’s stock valued at $15,729,142,000 after purchasing an additional 1,670,761 shares during the last quarter. 80.24% of the stock is owned by hedge funds and other institutional investors.

Uber Technologies Company Profile

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.