Uber Technologies, Inc. $UBER Shares Bought by California Public Employees Retirement System

California Public Employees Retirement System grew its stake in Uber Technologies, Inc. (NYSE:UBER) by 5.2% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 3,910,484 shares of the ride-sharing company’s stock after buying an additional 193,599 shares during the quarter. California Public Employees Retirement System’s holdings in Uber Technologies were worth $364,848,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Pershing Square Capital Management L.P. purchased a new stake in shares of Uber Technologies in the 1st quarter valued at approximately $2,207,743,000. Norges Bank purchased a new position in Uber Technologies in the second quarter valued at $2,348,319,000. Kingstone Capital Partners Texas LLC raised its stake in Uber Technologies by 334,075.7% in the second quarter. Kingstone Capital Partners Texas LLC now owns 19,973,682 shares of the ride-sharing company’s stock valued at $1,863,545,000 after buying an additional 19,967,705 shares in the last quarter. Vanguard Group Inc. lifted its holdings in Uber Technologies by 1.6% during the 2nd quarter. Vanguard Group Inc. now owns 189,551,519 shares of the ride-sharing company’s stock worth $17,685,157,000 after buying an additional 3,025,483 shares during the last quarter. Finally, Nordea Investment Management AB boosted its position in shares of Uber Technologies by 105.9% during the 2nd quarter. Nordea Investment Management AB now owns 5,459,829 shares of the ride-sharing company’s stock worth $506,618,000 after acquiring an additional 2,807,967 shares in the last quarter. 80.24% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, insider Tony West sold 100,000 shares of the firm’s stock in a transaction that occurred on Monday, September 22nd. The stock was sold at an average price of $100.38, for a total value of $10,038,000.00. Following the completion of the transaction, the insider directly owned 171,558 shares of the company’s stock, valued at $17,220,992.04. This trade represents a 36.82% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Prashanth Mahendra-Rajah sold 5,500 shares of the company’s stock in a transaction on Wednesday, November 12th. The shares were sold at an average price of $94.41, for a total value of $519,255.00. Following the completion of the sale, the chief financial officer directly owned 20,330 shares in the company, valued at $1,919,355.30. This trade represents a 21.29% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 567,625 shares of company stock worth $55,385,660 in the last 90 days. 3.84% of the stock is currently owned by corporate insiders.

Uber Technologies Stock Up 0.3%

UBER stock opened at $91.25 on Friday. The company has a market cap of $189.60 billion, a price-to-earnings ratio of 11.73 and a beta of 1.19. The company has a fifty day moving average price of $92.80 and a 200 day moving average price of $91.81. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.15 and a quick ratio of 1.15. Uber Technologies, Inc. has a 12 month low of $59.33 and a 12 month high of $101.99.

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

Analysts Set New Price Targets

UBER has been the topic of several research analyst reports. DA Davidson raised their target price on Uber Technologies from $102.00 to $108.00 and gave the stock a “buy” rating in a research report on Wednesday, November 5th. Cowen reiterated a “buy” rating on shares of Uber Technologies in a research note on Wednesday, November 5th. Royal Bank Of Canada set a $110.00 price objective on shares of Uber Technologies in a research report on Wednesday, November 5th. Cantor Fitzgerald upped their target price on shares of Uber Technologies from $107.00 to $108.00 and gave the company an “overweight” rating in a report on Wednesday, November 5th. Finally, Piper Sandler set a $107.00 price target on shares of Uber Technologies in a research note on Wednesday, November 5th. Two research analysts have rated the stock with a Strong Buy rating, thirty-one have issued a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $108.74.

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.