Uber Technologies, Inc. (NYSE:UBER) Shares Sold by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky decreased its holdings in Uber Technologies, Inc. (NYSE:UBER) by 8.2% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 295,292 shares of the ride-sharing company’s stock after selling 26,434 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Uber Technologies were worth $17,811,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. M&T Bank Corp lifted its position in shares of Uber Technologies by 4.8% in the 3rd quarter. M&T Bank Corp now owns 175,104 shares of the ride-sharing company’s stock worth $13,161,000 after buying an additional 7,968 shares during the last quarter. Invst LLC boosted its stake in Uber Technologies by 5.0% in the third quarter. Invst LLC now owns 4,108 shares of the ride-sharing company’s stock valued at $309,000 after acquiring an additional 197 shares during the period. Advisory Resource Group grew its holdings in shares of Uber Technologies by 1.6% during the third quarter. Advisory Resource Group now owns 13,993 shares of the ride-sharing company’s stock valued at $1,052,000 after purchasing an additional 222 shares during the last quarter. Virtu Financial LLC bought a new stake in shares of Uber Technologies in the 3rd quarter worth approximately $1,328,000. Finally, SkyView Investment Advisors LLC boosted its position in Uber Technologies by 3.0% during the 3rd quarter. SkyView Investment Advisors LLC now owns 30,280 shares of the ride-sharing company’s stock valued at $2,276,000 after purchasing an additional 875 shares during the period. 80.24% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, insider Tony West sold 23,404 shares of the business’s stock in a transaction that occurred on Thursday, March 13th. The shares were sold at an average price of $70.27, for a total transaction of $1,644,599.08. Following the transaction, the insider now directly owns 114,241 shares of the company’s stock, valued at approximately $8,027,715.07. The trade was a 17.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the stock in a transaction that occurred on Thursday, March 20th. The stock was sold at an average price of $75.00, for a total transaction of $206,250.00. Following the completion of the sale, the chief financial officer now owns 22,162 shares of the company’s stock, valued at approximately $1,662,150. The trade was a 11.04 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 77,154 shares of company stock worth $5,793,869 over the last quarter. Corporate insiders own 3.84% of the company’s stock.

Uber Technologies Price Performance

NYSE UBER opened at $75.28 on Monday. Uber Technologies, Inc. has a 1 year low of $54.84 and a 1 year high of $87.00. The stock’s 50-day moving average price is $74.06 and its two-hundred day moving average price is $71.44. The company has a market cap of $157.47 billion, a PE ratio of 16.51, a PEG ratio of 0.89 and a beta of 1.37. 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 issued its quarterly earnings results on Wednesday, February 5th. The ride-sharing company reported $3.21 EPS for the quarter, beating 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%. On average, analysts predict that Uber Technologies, Inc. will post 2.54 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms have issued reports on UBER. DA Davidson cut their target price on Uber Technologies from $84.00 to $80.00 and set a “buy” rating on the stock in a research note on Thursday, February 6th. The Goldman Sachs Group reiterated a “buy” rating and issued a $96.00 price objective on shares of Uber Technologies in a research report on Thursday, January 2nd. Cantor Fitzgerald reissued an “overweight” rating and set a $80.00 target price on shares of Uber Technologies in a research note on Wednesday, April 16th. KeyCorp cut their price target on Uber Technologies from $85.00 to $80.00 and set an “overweight” rating on the stock in a report on Tuesday, April 15th. Finally, Arete Research raised Uber Technologies to a “hold” rating in a report on Tuesday, February 18th. Ten investment analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Uber Technologies currently has a consensus rating of “Moderate Buy” and a consensus price target of $89.81.

About Uber Technologies

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.