National Pension Service Acquires 76,229 Shares of Uber Technologies, Inc. (NYSE:UBER)

National Pension Service grew its holdings in shares of Uber Technologies, Inc. (NYSE:UBER) by 2.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,183,873 shares of the ride-sharing company’s stock after acquiring an additional 76,229 shares during the quarter. National Pension Service’s holdings in Uber Technologies were worth $196,031,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. OFI Invest Asset Management acquired a new stake in Uber Technologies in the third quarter valued at approximately $26,000. Ritter Daniher Financial Advisory LLC DE grew its position in Uber Technologies by 2,545.5% during the 3rd quarter. Ritter Daniher Financial Advisory LLC DE now owns 582 shares of the ride-sharing company’s stock worth $27,000 after acquiring an additional 560 shares during the last quarter. JFS Wealth Advisors LLC increased its holdings in Uber Technologies by 319.4% in the 3rd quarter. JFS Wealth Advisors LLC now owns 650 shares of the ride-sharing company’s stock worth $30,000 after purchasing an additional 495 shares in the last quarter. CVA Family Office LLC acquired a new position in shares of Uber Technologies in the fourth quarter valued at approximately $30,000. Finally, Highlander Capital Management LLC grew its holdings in Uber Technologies by 100.0% during the 4th quarter. Highlander Capital Management LLC now owns 500 shares of the ride-sharing company’s stock worth $31,000 after acquiring an additional 250 shares during the last quarter. Institutional investors own 80.24% of the company’s stock.

Uber Technologies Stock Performance

Shares of NYSE UBER traded up $2.02 during trading on Thursday, reaching $68.42. 14,439,719 shares of the stock traded hands, compared to its average volume of 20,471,324. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.19 and a quick ratio of 1.19. The stock has a market capitalization of $142.41 billion, a P/E ratio of 78.67, a price-to-earnings-growth ratio of 1.09 and a beta of 1.39. Uber Technologies, Inc. has a 52-week low of $37.07 and a 52-week high of $82.14. The company has a 50-day moving average of $74.80 and a 200-day moving average of $65.83.

Uber Technologies (NYSE:UBER) last posted its quarterly earnings results on Wednesday, May 8th. The ride-sharing company reported ($0.32) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by ($0.53). The business had revenue of $10.13 billion during the quarter, compared to the consensus estimate of $10.09 billion. Uber Technologies had a net margin of 5.06% and a return on equity of 18.95%. The business’s revenue for the quarter was up 14.8% on a year-over-year basis. During the same period last year, the firm earned ($0.08) EPS. Analysts forecast that Uber Technologies, Inc. will post 1.23 EPS for the current fiscal year.

Insider Activity

In related news, insider Jill Hazelbaker sold 20,000 shares of the business’s stock in a transaction dated Wednesday, February 14th. The stock was sold at an average price of $77.83, for a total transaction of $1,556,600.00. Following the completion of the transaction, the insider now directly owns 107,290 shares in the company, valued at $8,350,380.70. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other news, insider Jill Hazelbaker sold 20,000 shares of the firm’s stock in a transaction 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 sale, the insider now owns 107,290 shares in the company, valued at approximately $8,350,380.70. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Tony West sold 18,750 shares of the firm’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $70.08, for a total value of $1,314,000.00. Following the sale, the insider now owns 185,566 shares in the company, 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.

Analyst Upgrades and Downgrades

UBER has been the topic of several analyst reports. Barclays boosted their price objective on shares of Uber Technologies from $63.00 to $86.00 and gave the stock an “overweight” rating in a research note on Thursday, February 8th. TD Cowen lowered their price objective on Uber Technologies from $90.00 to $88.00 and set a “buy” rating for the company in a research report on Thursday. JPMorgan Chase & Co. upped their target price on Uber Technologies from $84.00 to $95.00 and gave the company an “overweight” rating in a report on Thursday, February 15th. Bank of America lowered their price target on shares of Uber Technologies from $91.00 to $87.00 and set a “buy” rating for the company in a report on Thursday. Finally, The Goldman Sachs Group lifted their target price on shares of Uber Technologies from $59.00 to $78.00 and gave the stock a “buy” rating in a research note on Thursday, January 11th. Two analysts have rated the stock with a hold rating and thirty have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $83.56.

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.