Commonwealth of Pennsylvania Public School Empls Retrmt SYS Raises Stake in Uber Technologies, Inc. $UBER

Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its holdings in shares of Uber Technologies, Inc. (NYSE:UBER) by 7.4% during the 2nd quarter, Holdings Channel.com reports. The firm owned 512,871 shares of the ride-sharing company’s stock after buying an additional 35,142 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Uber Technologies were worth $47,851,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Nova Wealth Management Inc. increased its stake in shares of Uber Technologies by 41.0% in the first quarter. Nova Wealth Management Inc. now owns 430 shares of the ride-sharing company’s stock worth $31,000 after buying an additional 125 shares during the period. Atticus Wealth Management LLC lifted its holdings in Uber Technologies by 39.8% in the second quarter. Atticus Wealth Management LLC now owns 446 shares of the ride-sharing company’s stock worth $42,000 after buying an additional 127 shares during the period. Sound View Wealth Advisors Group LLC boosted its position in shares of Uber Technologies by 4.4% during the second quarter. Sound View Wealth Advisors Group LLC now owns 3,051 shares of the ride-sharing company’s stock valued at $285,000 after purchasing an additional 129 shares in the last quarter. Clearstead Trust LLC boosted its holdings in shares of Uber Technologies by 0.5% during the 2nd quarter. Clearstead Trust LLC now owns 25,981 shares of the ride-sharing company’s stock valued at $2,424,000 after buying an additional 130 shares in the last quarter. Finally, Forum Financial Management LP grew its holdings in Uber Technologies by 1.3% in the first quarter. Forum Financial Management LP now owns 10,956 shares of the ride-sharing company’s stock worth $798,000 after purchasing an additional 136 shares during the period. 80.24% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on UBER shares. Wedbush reduced their price target on Uber Technologies from $85.00 to $84.00 and set a “neutral” rating for the company in a report on Thursday, August 7th. Mizuho assumed coverage on Uber Technologies in a report on Monday, September 29th. They set an “outperform” rating and a $130.00 price target on the stock. Sanford C. Bernstein raised their price objective on shares of Uber Technologies from $110.00 to $115.00 and gave the stock an “outperform” rating in a report on Wednesday, November 5th. Guggenheim cut their price target on Uber Technologies from $140.00 to $135.00 and set a “buy” rating for the company in a report on Wednesday, November 5th. Finally, The Goldman Sachs Group reissued a “buy” rating on shares of Uber Technologies in a research note on Wednesday, November 5th. Two investment analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $108.26.

Insider Activity

In related news, insider Tony West sold 3,125 shares of the business’s stock in a transaction on Monday, October 20th. The stock was sold at an average price of $93.00, for a total transaction of $290,625.00. Following the completion of the transaction, the insider owned 172,846 shares in the company, valued at $16,074,678. The trade was a 1.78% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Dara Khosrowshahi sold 150,000 shares of the company’s stock in a transaction dated Monday, September 22nd. The stock was sold at an average price of $100.48, for a total transaction of $15,072,000.00. Following the completion of the transaction, the chief executive officer owned 982,544 shares in the company, valued at approximately $98,726,021.12. The trade was a 13.24% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 598,875 shares of company stock worth $58,407,848 over the last 90 days. Insiders own 3.84% of the company’s stock.

Uber Technologies Price Performance

Uber Technologies stock opened at $91.56 on Friday. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.37. Uber Technologies, Inc. has a 52-week low of $59.33 and a 52-week high of $101.99. The firm’s fifty day moving average is $95.50 and its 200 day moving average is $91.66. The company has a market cap of $190.24 billion, a price-to-earnings ratio of 11.77 and a beta of 1.46.

Uber Technologies (NYSE:UBER) last released its quarterly earnings results on Tuesday, November 4th. The ride-sharing company reported $3.11 EPS for the quarter, topping the consensus estimate of $0.67 by $2.44. The company had revenue of $13.47 billion during the quarter, compared to analyst estimates of $13.25 billion. Uber Technologies had a return on equity of 68.17% and a net margin of 33.54%.The firm’s revenue was up 20.4% on a year-over-year basis. During the same quarter last year, the business posted $1.20 earnings per share. Sell-side analysts forecast that Uber Technologies, Inc. will post 2.54 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.