Teacher Retirement System of Texas Has $16.28 Million Position in Uber Technologies, Inc. (NYSE:UBER)

Teacher Retirement System of Texas raised its holdings in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 388.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 269,817 shares of the ride-sharing company's stock after acquiring an additional 214,525 shares during the period. Teacher Retirement System of Texas' holdings in Uber Technologies were worth $16,275,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Jennison Associates LLC increased its position in shares of Uber Technologies by 36.9% during the fourth quarter. Jennison Associates LLC now owns 26,460,312 shares of the ride-sharing company's stock valued at $1,596,086,000 after acquiring an additional 7,137,512 shares during the last quarter. Boston Partners purchased a new position in shares of Uber Technologies during the 4th quarter worth approximately $381,057,000. Assenagon Asset Management S.A. increased its holdings in Uber Technologies by 670.6% in the 4th quarter. Assenagon Asset Management S.A. now owns 6,611,557 shares of the ride-sharing company's stock valued at $398,809,000 after purchasing an additional 5,753,637 shares during the last quarter. Montrusco Bolton Investments Inc. purchased a new stake in Uber Technologies in the fourth quarter valued at approximately $166,072,000. Finally, Edgewood Management LLC lifted its stake in Uber Technologies by 10.5% during the third quarter. Edgewood Management LLC now owns 27,552,060 shares of the ride-sharing company's stock worth $2,070,813,000 after purchasing an additional 2,627,768 shares in the last quarter. 80.24% of the stock is owned by hedge funds and other institutional investors.

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Insider Activity

In other news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of Uber Technologies stock in a transaction dated Thursday, March 20th. The stock was sold at an average price of $75.00, for a total value of $206,250.00. Following the transaction, the chief financial officer now directly owns 22,162 shares in the company, valued at approximately $1,662,150. The trade was a 11.04 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Nikki Krishnamurthy sold 20,000 shares of the stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $71.57, for a total value of $1,431,400.00. Following the sale, the senior vice president now owns 361,908 shares of the company's stock, valued at approximately $25,901,755.56. The trade was a 5.24 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 77,154 shares of company stock valued at $5,793,869 over the last 90 days. 3.84% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on UBER. Royal Bank of Canada reissued an "outperform" rating and set a $82.00 price target on shares of Uber Technologies in a research report on Thursday, February 6th. Benchmark reiterated a "hold" rating on shares of Uber Technologies in a report on Friday, January 31st. Evercore ISI dropped their price target on shares of Uber Technologies from $120.00 to $115.00 and set an "outperform" rating for the company in a research note on Thursday, February 6th. UBS Group reaffirmed a "buy" rating on shares of Uber Technologies in a research report on Friday, February 21st. Finally, Fox Advisors lowered Uber Technologies from an "overweight" rating to an "equal weight" rating in a report on Tuesday, March 11th. Ten research analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $90.31.

Uber Technologies Stock Down 1.2 %

NYSE:UBER traded down $0.92 during trading hours on Tuesday, reaching $75.59. The company's stock had a trading volume of 16,054,128 shares, compared to its average volume of 19,673,314. Uber Technologies, Inc. has a one year low of $54.84 and a one year high of $87.00. The business's 50-day moving average is $73.06 and its 200-day moving average is $71.67. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.07 and a quick ratio of 1.41. The company has a market cap of $157.91 billion, a price-to-earnings ratio of 16.58, a price-to-earnings-growth ratio of 0.89 and a beta of 1.39.

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

Uber Technologies Company 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.