South Dakota Investment Council Takes $858,000 Position in Uber Technologies, Inc. (NYSE:UBER)

South Dakota Investment Council purchased a new position in shares of Uber Technologies, Inc. (NYSE:UBER) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 13,937 shares of the ride-sharing company’s stock, valued at approximately $858,000.

Several other institutional investors have also added to or reduced their stakes in UBER. First National Bank Sioux Falls raised its position in shares of Uber Technologies by 5.5% in the 4th quarter. First National Bank Sioux Falls now owns 6,197 shares of the ride-sharing company’s stock valued at $382,000 after buying an additional 322 shares in the last quarter. GAMMA Investing LLC bought a new position in Uber Technologies in the fourth quarter valued at approximately $224,000. California Public Employees Retirement System lifted its stake in Uber Technologies by 23.0% during the fourth quarter. California Public Employees Retirement System now owns 4,433,112 shares of the ride-sharing company’s stock worth $272,947,000 after purchasing an additional 828,066 shares during the last quarter. RWA Wealth Partners LLC acquired a new stake in shares of Uber Technologies in the 4th quarter valued at $10,789,000. Finally, Telemus Capital LLC boosted its stake in Uber Technologies by 12.7% in the fourth quarter. Telemus Capital LLC now owns 11,458 shares of the ride-sharing company’s stock valued at $705,000 after buying an additional 1,293 shares in the last quarter. 80.24% of the stock is currently owned by institutional investors.

Insider Activity at Uber Technologies

In other Uber Technologies news, insider Jill Hazelbaker sold 20,000 shares of Uber Technologies stock in a transaction that occurred on Wednesday, February 14th. The shares were sold at an average price of $77.83, for a total transaction of $1,556,600.00. Following the transaction, the insider now directly owns 107,290 shares of the company’s stock, valued at $8,350,380.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, insider Tony West sold 18,750 shares of the company’s stock in a transaction on Monday, February 12th. The stock was sold at an average price of $70.08, for a total value of $1,314,000.00. Following the sale, the insider now directly owns 185,566 shares of the company’s stock, valued at $13,004,465.28. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Jill Hazelbaker sold 20,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 14th. The shares were sold at an average price of $77.83, for a total transaction of $1,556,600.00. Following the transaction, the insider now directly owns 107,290 shares of the company’s stock, valued at approximately $8,350,380.70. The disclosure for this sale can be found here. 3.84% of the stock is owned by corporate insiders.

Uber Technologies Stock Performance

Shares of UBER stock opened at $69.31 on Friday. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.79. Uber Technologies, Inc. has a 12 month low of $29.22 and a 12 month high of $82.14. The firm has a market capitalization of $144.26 billion, a PE ratio of 80.59, a price-to-earnings-growth ratio of 1.10 and a beta of 1.36. The firm has a fifty day simple moving average of $76.49 and a two-hundred day simple moving average of $64.19.

Uber Technologies (NYSE:UBER) last issued its quarterly earnings data on Wednesday, February 7th. The ride-sharing company reported $0.66 EPS for the quarter, topping analysts’ consensus estimates of $0.16 by $0.50. The firm had revenue of $9.94 billion during the quarter, compared to analyst estimates of $9.76 billion. Uber Technologies had a return on equity of 18.95% and a net margin of 5.06%. The company’s revenue for the quarter was up 15.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.29 EPS. Analysts forecast that Uber Technologies, Inc. will post 1.22 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on UBER. UBS Group boosted their target price on shares of Uber Technologies from $94.00 to $96.00 and gave the stock a “buy” rating in a research note on Thursday, February 15th. Nomura lowered Uber Technologies from a “buy” rating to a “neutral” rating and lifted their price target for the company from $59.00 to $62.00 in a research note on Friday, December 29th. Citigroup upped their price objective on Uber Technologies from $83.00 to $91.00 and gave the company a “buy” rating in a research note on Friday, February 16th. JPMorgan Chase & Co. lifted their target price on shares of Uber Technologies from $84.00 to $95.00 and gave the stock an “overweight” rating in a research report on Thursday, February 15th. Finally, Needham & Company LLC restated a “buy” rating and issued a $90.00 price target on shares of Uber Technologies in a research report on Friday, April 5th. Two equities research analysts have rated the stock with a hold rating and twenty-nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Uber Technologies currently has an average rating of “Moderate Buy” and an average price target of $78.94.

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.