Arizona State Retirement System Boosts Stock Position in Uber Technologies, Inc. (NYSE:UBER)

Arizona State Retirement System raised its holdings in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 1.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 547,029 shares of the ride-sharing company's stock after purchasing an additional 7,824 shares during the period. Arizona State Retirement System's holdings in Uber Technologies were worth $32,997,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Robeco Institutional Asset Management B.V. boosted its stake in shares of Uber Technologies by 17.0% in the third quarter. Robeco Institutional Asset Management B.V. now owns 905,513 shares of the ride-sharing company's stock worth $68,058,000 after acquiring an additional 131,707 shares during the last quarter. Roman Butler Fullerton & Co. acquired a new stake in shares of Uber Technologies in the third quarter worth approximately $233,000. Intact Investment Management Inc. acquired a new stake in shares of Uber Technologies in the third quarter worth approximately $256,000. PDS Planning Inc lifted its position in Uber Technologies by 6.6% during the third quarter. PDS Planning Inc now owns 5,861 shares of the ride-sharing company's stock worth $441,000 after buying an additional 363 shares in the last quarter. Finally, Quintet Private Bank Europe S.A. lifted its position in Uber Technologies by 12.5% during the third quarter. Quintet Private Bank Europe S.A. now owns 2,262 shares of the ride-sharing company's stock worth $170,000 after buying an additional 251 shares in the last quarter. 80.24% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on UBER shares. JPMorgan Chase & Co. reduced their price objective on Uber Technologies from $95.00 to $90.00 and set an "overweight" rating on the stock in a research report on Thursday, February 6th. Royal Bank of Canada reiterated an "outperform" rating and set a $82.00 price objective on shares of Uber Technologies in a research report on Thursday, February 6th. Citizens Jmp downgraded Uber Technologies from a "strong-buy" rating to a "hold" rating in a research report on Thursday, January 2nd. Benchmark restated a "hold" rating on shares of Uber Technologies in a research report on Friday, January 31st. Finally, Piper Sandler restated an "overweight" rating and issued a $87.00 target price (up previously from $80.00) on shares of Uber Technologies in a research report on Tuesday, February 18th. Eight research analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $90.81.

Uber Technologies Stock Up 1.7 %

UBER traded up $1.31 on Wednesday, hitting $76.57. 13,109,779 shares of the company were exchanged, compared to its average volume of 19,457,141. The firm has a 50-day moving average price of $70.35 and a two-hundred day moving average price of $71.60. The company has a market cap of $159.96 billion, a price-to-earnings ratio of 16.79, a price-to-earnings-growth ratio of 0.89 and a beta of 1.39. Uber Technologies, Inc. has a twelve month low of $54.84 and a twelve month high of $87.00. The company has a current ratio of 1.07, a quick ratio of 1.41 and a debt-to-equity ratio of 0.37.

Uber Technologies (NYSE:UBER - Get Free Report) last released its quarterly earnings data on Wednesday, February 5th. The ride-sharing company reported $3.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.50 by $2.71. Uber Technologies had a return on equity of 62.60% and a net margin of 22.41%. On average, equities analysts predict that Uber Technologies, Inc. will post 2.54 earnings per share for the current year.

Insider Transactions at Uber Technologies

In related news, insider Jill Hazelbaker sold 31,000 shares of the company's stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $81.02, for a total value of $2,511,620.00. Following the completion of the sale, the insider now directly owns 86,973 shares of the company's stock, valued at $7,046,552.46. This represents a 26.28 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 3.84% of the company's stock.

Uber Technologies Profile

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.