Oregon Public Employees Retirement Fund Raises Stake in Uber Technologies, Inc. (NYSE:UBER)

Oregon Public Employees Retirement Fund raised its stake in shares of Uber Technologies, Inc. (NYSE:UBER) by 0.4% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 180,563 shares of the ride-sharing company’s stock after buying an additional 760 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in Uber Technologies were worth $10,892,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Jmac Enterprises LLC boosted its holdings in shares of Uber Technologies by 2.1% during the third quarter. Jmac Enterprises LLC now owns 7,340 shares of the ride-sharing company’s stock worth $552,000 after purchasing an additional 150 shares during the period. Canopy Partners LLC raised its position in Uber Technologies by 2.2% during the 3rd quarter. Canopy Partners LLC now owns 6,958 shares of the ride-sharing company’s stock valued at $523,000 after purchasing an additional 151 shares during the last quarter. Drive Wealth Management LLC lifted its holdings in Uber Technologies by 3.1% in the 4th quarter. Drive Wealth Management LLC now owns 5,172 shares of the ride-sharing company’s stock worth $312,000 after buying an additional 155 shares during the period. Institute for Wealth Management LLC. grew its position in shares of Uber Technologies by 2.4% in the 4th quarter. Institute for Wealth Management LLC. now owns 6,606 shares of the ride-sharing company’s stock worth $398,000 after buying an additional 155 shares during the last quarter. Finally, AlphaCore Capital LLC increased its stake in shares of Uber Technologies by 1.4% during the third quarter. AlphaCore Capital LLC now owns 12,231 shares of the ride-sharing company’s stock valued at $919,000 after buying an additional 169 shares during the period. 80.24% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently commented on UBER shares. Loop Capital raised their price target on Uber Technologies from $84.00 to $86.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. JPMorgan Chase & Co. dropped their target price on shares of Uber Technologies from $95.00 to $90.00 and set an “overweight” rating for the company in a research report on Thursday, February 6th. Cantor Fitzgerald reiterated an “overweight” rating and set a $80.00 price target on shares of Uber Technologies in a research report on Thursday, February 6th. Truist Financial lowered their price objective on shares of Uber Technologies from $99.00 to $95.00 and set a “buy” rating for the company in a report on Friday, November 1st. Finally, KeyCorp reduced their target price on Uber Technologies from $90.00 to $85.00 and set an “overweight” rating on the stock in a report on Friday, November 1st. Eight research analysts have rated the stock with a hold rating, twenty-seven have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $90.94.

Uber Technologies Trading Down 1.9 %

Shares of NYSE:UBER opened at $74.97 on Wednesday. The stock has a 50 day moving average of $68.65 and a 200 day moving average of $71.44. The company has a market cap of $156.61 billion, a PE ratio of 16.44, a price-to-earnings-growth ratio of 0.89 and a beta of 1.39. Uber Technologies, Inc. has a 12-month low of $54.84 and a 12-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) last posted its quarterly earnings results on Wednesday, February 5th. The ride-sharing company reported $3.21 earnings per share for the quarter, topping analysts’ consensus estimates of $0.50 by $2.71. Uber Technologies had a net margin of 22.41% and a return on equity of 62.60%. As a group, equities research analysts expect that Uber Technologies, Inc. will post 2.54 EPS for the current year.

Insider Buying and Selling

In related news, insider Jill Hazelbaker sold 31,000 shares of the business’s stock in a transaction that occurred on 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 transaction, the insider now directly owns 86,973 shares of the company’s stock, valued at approximately $7,046,552.46. The trade was a 26.28 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 3.80% of the stock is currently owned by insiders.

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.