Louisiana State Employees Retirement System Sells 5,000 Shares of Uber Technologies, Inc. (NYSE:UBER)

Louisiana State Employees Retirement System cut its holdings in shares of Uber Technologies, Inc. (NYSE:UBER) by 4.2% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 113,300 shares of the ride-sharing company’s stock after selling 5,000 shares during the quarter. Louisiana State Employees Retirement System’s holdings in Uber Technologies were worth $6,834,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the business. Warther Private Wealth LLC lifted its stake in shares of Uber Technologies by 158.6% in the 4th quarter. Warther Private Wealth LLC now owns 156,408 shares of the ride-sharing company’s stock valued at $9,435,000 after acquiring an additional 95,935 shares during the last quarter. Strengthening Families & Communities LLC grew its position in Uber Technologies by 2,198.0% during the 4th quarter. Strengthening Families & Communities LLC now owns 25,623 shares of the ride-sharing company’s stock worth $1,546,000 after acquiring an additional 24,508 shares during the last quarter. Stonebridge Financial Group LLC purchased a new position in Uber Technologies in the 4th quarter worth approximately $77,000. Cambiar Investors LLC lifted its position in Uber Technologies by 47.0% in the fourth quarter. Cambiar Investors LLC now owns 944,909 shares of the ride-sharing company’s stock valued at $56,997,000 after purchasing an additional 302,047 shares during the last quarter. Finally, Summit Trail Advisors LLC boosted its stake in shares of Uber Technologies by 115.7% during the fourth quarter. Summit Trail Advisors LLC now owns 136,166 shares of the ride-sharing company’s stock valued at $8,214,000 after purchasing an additional 73,027 shares during the period. 80.24% of the stock is currently owned by institutional investors.

Uber Technologies Stock Performance

Shares of Uber Technologies stock opened at $76.90 on Wednesday. Uber Technologies, Inc. has a 1 year low of $54.84 and a 1 year high of $87.00. The firm’s 50-day moving average is $65.45 and its 200 day moving average is $70.26. The stock has a market cap of $161.93 billion, a price-to-earnings ratio of 16.86, a PEG ratio of 0.81 and a beta of 1.39. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.07 and a quick ratio of 1.41.

Uber Technologies (NYSE:UBER) last issued its earnings results 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 net margin of 22.41% and a return on equity of 62.60%. Sell-side analysts anticipate that Uber Technologies, Inc. will post 2.4 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages recently commented on UBER. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $80.00 target price on shares of Uber Technologies in a research note on Thursday, February 6th. Loop Capital boosted their price objective on shares of Uber Technologies from $84.00 to $86.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th. Needham & Company LLC reaffirmed a “buy” rating and set a $90.00 price objective on shares of Uber Technologies in a research note on Wednesday, February 5th. Daiwa America cut Uber Technologies from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 17th. Finally, Citigroup reduced their price target on Uber Technologies from $98.00 to $92.00 and set a “buy” rating on the stock in a report on Thursday, February 6th. Seven analysts have rated the stock with a hold rating, twenty-eight have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Uber Technologies has an average rating of “Moderate Buy” and an average price target of $90.70.

Insider Activity at Uber Technologies

In related news, insider Jill Hazelbaker sold 27,780 shares of Uber Technologies stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $72.90, for a total value of $2,025,162.00. Following the completion of the sale, the insider now directly owns 107,289 shares in the company, valued at approximately $7,821,368.10. This trade represents a 20.57 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.84% of the stock is currently owned by insiders.

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.