Louisiana State Employees Retirement System Has $6.83 Million Stake in Uber Technologies, Inc. (NYSE:UBER)

Louisiana State Employees Retirement System reduced its stake in shares of Uber Technologies, Inc. (NYSE:UBER) by 4.2% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 113,300 shares of the ride-sharing company’s stock after selling 5,000 shares during the period. Louisiana State Employees Retirement System’s holdings in Uber Technologies were worth $6,834,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Ascent Wealth Partners LLC purchased a new position in Uber Technologies during the third quarter worth about $2,087,000. Teachers Retirement System of The State of Kentucky lifted its position in shares of Uber Technologies by 4.4% during the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 321,726 shares of the ride-sharing company’s stock worth $24,180,000 after buying an additional 13,433 shares in the last quarter. Aviso Wealth Management purchased a new position in shares of Uber Technologies in the 3rd quarter worth approximately $2,302,000. Polianta Ltd bought a new position in shares of Uber Technologies in the fourth quarter valued at approximately $1,206,000. Finally, Brophy Wealth Management LLC purchased a new stake in shares of Uber Technologies during the third quarter valued at approximately $1,041,000. 80.24% of the stock is owned by hedge funds and other institutional investors.

Uber Technologies Trading Down 2.2 %

Shares of UBER stock opened at $76.90 on Wednesday. The company has a market capitalization of $161.93 billion, a PE ratio of 16.86, a price-to-earnings-growth ratio of 0.81 and a beta of 1.39. Uber Technologies, Inc. has a 52-week low of $54.84 and a 52-week high of $87.00. The business’s fifty day moving average is $65.45 and its 200 day moving average is $70.26. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.41 and a current ratio of 1.07.

Uber Technologies (NYSE:UBER) last announced its earnings results on Wednesday, February 5th. The ride-sharing company reported $3.21 earnings per share for the quarter, topping analysts’ consensus estimates of $0.50 by $2.71. Uber Technologies had a return on equity of 62.60% and a net margin of 22.41%. On average, equities research analysts anticipate that Uber Technologies, Inc. will post 2.4 EPS for the current fiscal year.

Insider Activity at Uber Technologies

In related news, insider Jill Hazelbaker sold 27,780 shares of the company’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $72.90, for a total value of $2,025,162.00. Following the completion of the transaction, the insider now directly owns 107,289 shares in the company, valued at approximately $7,821,368.10. The trade was a 20.57 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 3.84% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on UBER shares. Benchmark reissued a “hold” rating on shares of Uber Technologies in a research report on Friday, January 31st. Gordon Haskett upgraded Uber Technologies from a “hold” rating to a “buy” rating and set a $85.00 target price on the stock in a research note on Thursday, October 31st. Citigroup reduced their price target on shares of Uber Technologies from $98.00 to $92.00 and set a “buy” rating for the company in a research report on Thursday, February 6th. Bank of America raised their price objective on shares of Uber Technologies from $88.00 to $96.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. Finally, Jefferies Financial Group boosted their target price on shares of Uber Technologies from $100.00 to $105.00 and gave the company a “buy” rating in a research note on Tuesday, October 22nd. Seven analysts have rated the stock with a hold rating, twenty-eight have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $90.70.

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.