Uber Technologies (NYSE:UBER) Trading Down 1.2% – Here’s What Happened
by Doug Wharley · The Cerbat GemUber Technologies, Inc. (NYSE:UBER – Get Free Report) was down 1.2% during trading on Monday . The company traded as low as $74.20 and last traded at $75.32. 25,902,135 shares were traded during mid-day trading, an increase of 31% from the average session volume of 19,832,029 shares. The stock had previously closed at $76.20.
Analysts Set New Price Targets
Several research analysts have weighed in on UBER shares. HSBC cut Uber Technologies to a “reduce” rating in a research report on Monday, May 11th. BTIG Research restated a “buy” rating and issued a $100.00 price target on shares of Uber Technologies in a research note on Friday. Macquarie Infrastructure upgraded shares of Uber Technologies to an “outperform” rating in a research note on Monday, May 11th. Fox Advisors raised shares of Uber Technologies from a “hold” rating to an “outperform” rating in a research report on Monday, May 11th. Finally, DA Davidson reiterated a “buy” rating and issued a $107.00 price objective on shares of Uber Technologies in a research note on Tuesday, May 26th. One research analyst has rated the stock with a Strong Buy rating, thirty have issued a Buy rating, six have given a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, Uber Technologies has an average rating of “Moderate Buy” and an average price target of $104.54.
Check Out Our Latest Stock Report on UBER
Uber Technologies Price Performance
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 company has a market cap of $153.32 billion, a price-to-earnings ratio of 18.78, a PEG ratio of 6.48 and a beta of 1.12. The business has a fifty day moving average price of $73.40 and a 200 day moving average price of $76.00.
Uber Technologies (NYSE:UBER – Get Free Report) last released its quarterly earnings data on Wednesday, May 6th. The ride-sharing company reported $0.72 earnings per share for the quarter, beating the consensus estimate of $0.69 by $0.03. The business 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%.Uber Technologies’s revenue was up 14.5% compared to the same quarter last year. During the same period last year, the firm posted $0.83 earnings per share. Uber Technologies has set its Q2 2026 guidance at 0.780-0.820 EPS. As a group, research analysts anticipate that Uber Technologies, Inc. will post 2.95 earnings per share for the current year.
Institutional Investors Weigh In On Uber Technologies
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Brighton Jones LLC lifted its stake in shares of Uber Technologies by 3.4% in the 4th quarter. Brighton Jones LLC now owns 74,460 shares of the ride-sharing company’s stock valued at $4,491,000 after acquiring an additional 2,474 shares during the last quarter. Revolve Wealth Partners LLC grew its position in Uber Technologies by 65.0% during the 4th quarter. Revolve Wealth Partners LLC now owns 15,563 shares of the ride-sharing company’s stock worth $939,000 after acquiring an additional 6,129 shares during the last quarter. Bison Wealth LLC grew its position in Uber Technologies by 20.3% during the 4th quarter. Bison Wealth LLC now owns 3,792 shares of the ride-sharing company’s stock worth $229,000 after acquiring an additional 641 shares during the last quarter. Caxton Associates LLP acquired a new position in Uber Technologies in the 1st quarter worth about $304,000. Finally, Schnieders Capital Management LLC. acquired a new position in Uber Technologies in the 2nd quarter worth about $842,000. 80.24% of the stock is owned by institutional investors.
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.