Commonwealth of Pennsylvania Public School Empls Retrmt SYS Sells 9,617 Shares of Uber Technologies, Inc. (NYSE:UBER)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS cut its stake in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 2.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 447,737 shares of the ride-sharing company's stock after selling 9,617 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS's holdings in Uber Technologies were worth $27,007,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. Avion Wealth lifted its stake in Uber Technologies by 96.0% in the fourth quarter. Avion Wealth now owns 445 shares of the ride-sharing company's stock valued at $26,000 after buying an additional 218 shares in the last quarter. GHP Investment Advisors Inc. boosted its position in shares of Uber Technologies by 85.1% during the fourth quarter. GHP Investment Advisors Inc. now owns 485 shares of the ride-sharing company's stock worth $29,000 after buying an additional 223 shares during the period. Retirement Wealth Solutions LLC bought a new position in shares of Uber Technologies during the fourth quarter worth about $35,000. Kieckhefer Group LLC bought a new position in shares of Uber Technologies during the fourth quarter worth about $33,000. Finally, Fairfield Financial Advisors LTD raised its position in Uber Technologies by 34.0% in the 4th quarter. Fairfield Financial Advisors LTD now owns 670 shares of the ride-sharing company's stock valued at $40,000 after buying an additional 170 shares during the last quarter. 80.24% of the stock is currently owned by institutional investors and hedge funds.

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Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on UBER shares. Fox Advisors downgraded Uber Technologies from an "overweight" rating to an "equal weight" rating in a research report on Tuesday, March 11th. Piper Sandler restated an "overweight" rating and set a $87.00 target price (up previously from $80.00) on shares of Uber Technologies in a report on Tuesday, February 18th. Benchmark reiterated a "hold" rating on shares of Uber Technologies in a research note on Friday, January 31st. Wolfe Research boosted their price target on shares of Uber Technologies from $90.00 to $92.00 and gave the stock an "outperform" rating in a research report on Friday, January 3rd. Finally, Tigress Financial lifted their target price on Uber Technologies from $96.00 to $103.00 and gave the company a "buy" rating in a research report on Monday, November 25th. Ten analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Uber Technologies currently has an average rating of "Moderate Buy" and a consensus price target of $90.31.

Insider Buying and Selling

In other news, insider Tony West sold 23,404 shares of the stock in a transaction dated Thursday, March 13th. The stock was sold at an average price of $70.27, for a total value of $1,644,599.08. Following the completion of the sale, the insider now owns 114,241 shares of the company's stock, valued at approximately $8,027,715.07. This represents a 17.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of Uber Technologies stock in a transaction that occurred on Thursday, March 20th. The stock was sold at an average price of $75.00, for a total value of $206,250.00. Following the completion of the transaction, the chief financial officer now directly owns 22,162 shares in the company, valued at approximately $1,662,150. This represents a 11.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 77,154 shares of company stock worth $5,793,869 in the last ninety days. Company insiders own 3.84% of the company's stock.

Uber Technologies Price Performance

Shares of NYSE:UBER traded down $0.92 during trading on Tuesday, hitting $75.59. 16,054,128 shares of the company were exchanged, compared to its average volume of 19,651,368. The company has a quick ratio of 1.41, a current ratio of 1.07 and a debt-to-equity ratio of 0.37. Uber Technologies, Inc. has a 1-year low of $54.84 and a 1-year high of $87.00. The company has a market capitalization of $157.91 billion, a P/E ratio of 16.58, a price-to-earnings-growth ratio of 0.89 and a beta of 1.39. The business's 50 day moving average is $72.85 and its 200-day moving average is $71.63.

Uber Technologies (NYSE:UBER - Get Free Report) last posted its earnings results on Wednesday, February 5th. The ride-sharing company reported $3.21 EPS for the quarter, beating 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%. Equities analysts forecast that Uber Technologies, Inc. will post 2.54 earnings per share for the current year.

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.