Uber Technologies, Inc. (NYSE:UBER) Shares Bought by Public Sector Pension Investment Board

Public Sector Pension Investment Board grew its holdings in Uber Technologies, Inc. (NYSE:UBER) by 1.3% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 926,308 shares of the ride-sharing company’s stock after buying an additional 11,700 shares during the quarter. Public Sector Pension Investment Board’s holdings in Uber Technologies were worth $69,621,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. GHP Investment Advisors Inc. increased its position in shares of Uber Technologies by 222.7% in the second quarter. GHP Investment Advisors Inc. now owns 355 shares of the ride-sharing company’s stock valued at $26,000 after buying an additional 245 shares in the last quarter. WR Wealth Planners LLC increased its position 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 in the last quarter. MCF Advisors LLC increased its position in shares of Uber Technologies by 1,038.5% during the second quarter. MCF Advisors LLC now owns 444 shares of the ride-sharing company’s stock worth $32,000 after purchasing an additional 405 shares in the last quarter. Founders Capital Management purchased a new stake in shares of Uber Technologies during the second quarter worth approximately $33,000. Finally, Fairfield Financial Advisors LTD purchased a new stake in shares of Uber Technologies during the second quarter worth approximately $36,000. 80.24% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, insider Jill Hazelbaker sold 27,780 shares of the 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 transaction, the insider now owns 107,289 shares in the company, valued at approximately $7,821,368.10. This represents a 20.57 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 3.80% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several brokerages recently commented on UBER. Benchmark reiterated a “hold” rating on shares of Uber Technologies in a research report on Friday, November 1st. The Goldman Sachs Group upped their target price on Uber Technologies from $85.00 to $90.00 and gave the company a “buy” rating in a report on Wednesday, August 7th. Roth Mkm upped their target price on Uber Technologies from $89.00 to $90.00 and gave the company a “buy” rating in a report on Wednesday, August 7th. JMP Securities upped their target price on Uber Technologies from $80.00 to $95.00 and gave the company a “market outperform” rating in a report on Friday, November 1st. Finally, Daiwa America cut Uber Technologies from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 17th. Six analysts have rated the stock with a hold rating, thirty-two have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $90.51.

Uber Technologies Price Performance

Shares of NYSE UBER opened at $71.64 on Thursday. The stock’s 50-day moving average is $75.45 and its two-hundred day moving average is $71.20. 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 1-year low of $54.84 and a 1-year high of $87.00. The company has a market cap of $150.85 billion, a price-to-earnings ratio of 35.64, a price-to-earnings-growth ratio of 0.91 and a beta of 1.34.

Uber Technologies (NYSE:UBER) last issued its quarterly earnings results on Thursday, October 31st. The ride-sharing company reported $1.20 earnings per share for the quarter, topping the consensus estimate of $0.41 by $0.79. Uber Technologies had a return on equity of 33.46% and a net margin of 10.49%. The company had revenue of $11.19 billion for the quarter, compared to the consensus estimate of $10.99 billion. During the same quarter in the prior year, the business earned $0.10 EPS. Uber Technologies’s revenue was up 20.4% on a year-over-year basis. Analysts forecast that Uber Technologies, Inc. will post 1.89 EPS for the current fiscal year.

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.