Illinois Municipal Retirement Fund Trims Stock Holdings in Uber Technologies, Inc. (NYSE:UBER)

Illinois Municipal Retirement Fund decreased its holdings in shares of Uber Technologies, Inc. (NYSE:UBER) by 3.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 218,051 shares of the ride-sharing company’s stock after selling 8,298 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in Uber Technologies were worth $13,425,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. Drive Wealth Management LLC increased its stake in Uber Technologies by 3.6% in the fourth quarter. Drive Wealth Management LLC now owns 4,691 shares of the ride-sharing company’s stock valued at $289,000 after acquiring an additional 163 shares during the last quarter. Blue Bell Private Wealth Management LLC increased its stake in Uber Technologies by 49.7% in the fourth quarter. Blue Bell Private Wealth Management LLC now owns 524 shares of the ride-sharing company’s stock valued at $32,000 after acquiring an additional 174 shares during the last quarter. Cigna Investments Inc. New increased its stake in Uber Technologies by 0.9% in the fourth quarter. Cigna Investments Inc. New now owns 20,743 shares of the ride-sharing company’s stock valued at $1,277,000 after acquiring an additional 178 shares during the last quarter. Procyon Advisors LLC boosted its position in Uber Technologies by 3.6% during the fourth quarter. Procyon Advisors LLC now owns 5,258 shares of the ride-sharing company’s stock valued at $324,000 after buying an additional 182 shares during the period. Finally, Harbour Capital Advisors LLC boosted its position in Uber Technologies by 2.1% during the fourth quarter. Harbour Capital Advisors LLC now owns 9,920 shares of the ride-sharing company’s stock valued at $578,000 after buying an additional 200 shares during the period. Institutional investors own 80.24% of the company’s stock.

Uber Technologies Trading Up 2.7 %

Uber Technologies stock traded up $1.86 during trading hours on Tuesday, hitting $70.84. The company had a trading volume of 6,869,470 shares, compared to its average volume of 19,504,688. The company has a 50-day moving average price of $76.89 and a two-hundred day moving average price of $63.94. Uber Technologies, Inc. has a 1 year low of $29.22 and a 1 year high of $82.14. The firm has a market cap of $147.45 billion, a P/E ratio of 80.23, a P/E/G ratio of 1.10 and a beta of 1.36. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.19 and a current ratio of 1.19.

Uber Technologies (NYSE:UBER) last posted its quarterly earnings data on Wednesday, February 7th. The ride-sharing company reported $0.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.50. Uber Technologies had a net margin of 5.06% and a return on equity of 18.95%. The business had revenue of $9.94 billion for the quarter, compared to the consensus estimate of $9.76 billion. During the same period last year, the firm posted $0.29 earnings per share. The company’s revenue was up 15.4% compared to the same quarter last year. On average, sell-side analysts anticipate that Uber Technologies, Inc. will post 1.22 earnings per share for the current year.

Insider Buying and Selling at Uber Technologies

In other Uber Technologies news, insider Jill Hazelbaker sold 20,000 shares of Uber Technologies stock in a transaction dated 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 completion of the sale, the insider now directly owns 107,290 shares in the company, valued at $8,350,380.70. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Uber Technologies news, insider Jill Hazelbaker sold 20,000 shares of Uber Technologies stock in a transaction dated 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 completion of the sale, the insider now directly owns 107,290 shares in the company, valued at $8,350,380.70. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Tony West sold 18,750 shares of the firm’s stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $70.08, for a total transaction of $1,314,000.00. Following the completion of the transaction, the insider now directly owns 185,566 shares of the company’s stock, valued at approximately $13,004,465.28. The disclosure for this sale can be found here. Company insiders own 3.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. Nomura lowered shares of Uber Technologies from a “buy” rating to a “neutral” rating and upped their price target for the company from $59.00 to $62.00 in a research report on Friday, December 29th. Royal Bank of Canada reiterated an “outperform” rating and set a $85.00 target price on shares of Uber Technologies in a report on Thursday, February 15th. JMP Securities reiterated a “market outperform” rating and set a $85.00 target price on shares of Uber Technologies in a report on Thursday, March 28th. UBS Group increased their target price on shares of Uber Technologies from $94.00 to $96.00 and gave the stock a “buy” rating in a report on Thursday, February 15th. Finally, Moffett Nathanson restated a “buy” rating and issued a $92.00 price objective on shares of Uber Technologies in a report on Thursday, April 11th. Two research analysts have rated the stock with a hold rating and twenty-nine have given a buy rating to the company. According to MarketBeat, Uber Technologies currently has an average rating of “Moderate Buy” and a consensus target price of $78.94.

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.