Kentucky Retirement Systems Sells 11,096 Shares of Uber Technologies, Inc. (NYSE:UBER)

Kentucky Retirement Systems lessened its holdings in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 7.0% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 146,363 shares of the ride-sharing company's stock after selling 11,096 shares during the period. Kentucky Retirement Systems' holdings in Uber Technologies were worth $11,001,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. GHP Investment Advisors Inc. lifted its stake in Uber Technologies by 222.7% in the second quarter. GHP Investment Advisors Inc. now owns 355 shares of the ride-sharing company's stock worth $26,000 after acquiring an additional 245 shares during the period. WR Wealth Planners LLC lifted its holdings in shares of Uber Technologies by 563.9% during the second quarter. WR Wealth Planners LLC now owns 405 shares of the ride-sharing company's stock worth $29,000 after purchasing an additional 344 shares during the period. MCF Advisors LLC increased its stake in shares of Uber Technologies by 1,038.5% in the second quarter. MCF Advisors LLC now owns 444 shares of the ride-sharing company's stock worth $32,000 after acquiring an additional 405 shares during the period. Founders Capital Management purchased a new position in shares of Uber Technologies during the 2nd quarter valued at about $33,000. Finally, Fairfield Financial Advisors LTD purchased a new position in Uber Technologies during the second quarter valued at approximately $36,000. Hedge funds and other institutional investors own 80.24% of the company's stock.

Uber Technologies Stock Up 2.5 %

NYSE:UBER traded up $1.81 during trading hours on Friday, reaching $73.25. 23,980,917 shares of the stock were exchanged, compared to its average volume of 18,179,104. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.41 and a quick ratio of 1.41. Uber Technologies, Inc. has a twelve month low of $53.15 and a twelve month high of $87.00. The stock has a market cap of $154.24 billion, a PE ratio of 36.44, a PEG ratio of 0.71 and a beta of 1.34. The firm has a 50 day moving average of $75.48 and a 200 day moving average of $71.05.

Uber Technologies (NYSE:UBER - Get Free Report) last issued its quarterly earnings results on Thursday, October 31st. The ride-sharing company reported $1.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.41 by $0.79. The firm had revenue of $11.19 billion for the quarter, compared to analyst estimates of $10.99 billion. Uber Technologies had a net margin of 10.49% and a return on equity of 33.46%. The company's revenue was up 20.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.10 EPS. On average, equities analysts expect that Uber Technologies, Inc. will post 1.83 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms recently weighed in on UBER. UBS Group upped their price target on Uber Technologies from $102.00 to $114.00 and gave the stock a "buy" rating in a report on Friday, October 18th. Loop Capital upped their price target on Uber Technologies from $84.00 to $86.00 and gave the company a "buy" rating in a research report on Wednesday, November 6th. KeyCorp reduced their target price on shares of Uber Technologies from $90.00 to $85.00 and set an "overweight" rating on the stock in a research note on Friday, November 1st. BMO Capital Markets reaffirmed an "outperform" rating and issued a $92.00 price target on shares of Uber Technologies in a research note on Friday, October 11th. Finally, Benchmark reiterated a "hold" rating on shares of Uber Technologies in a report on Friday, November 1st. Six investment analysts have rated the stock with a hold rating, thirty-two have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $90.32.

Insider Buying and Selling at Uber Technologies

In other Uber Technologies news, insider Jill Hazelbaker sold 40,000 shares of Uber Technologies stock in a transaction on Monday, September 16th. The shares were sold at an average price of $72.00, for a total transaction of $2,880,000.00. Following the completion of the transaction, the insider now directly owns 127,352 shares of the company's stock, valued at $9,169,344. The trade was a 23.90 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate 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.