Public Employees Retirement Association of Colorado Has $18.93 Million Stock Position in Uber Technologies, Inc. (NYSE:UBER)

Public Employees Retirement Association of Colorado lessened its stake in Uber Technologies, Inc. (NYSE:UBER) by 1.8% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 260,401 shares of the ride-sharing company’s stock after selling 4,657 shares during the quarter. Public Employees Retirement Association of Colorado’s holdings in Uber Technologies were worth $18,926,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Wealthspire Advisors LLC increased its holdings in Uber Technologies by 0.6% during the 2nd quarter. Wealthspire Advisors LLC now owns 24,893 shares of the ride-sharing company’s stock worth $1,809,000 after purchasing an additional 151 shares in the last quarter. Hilltop Holdings Inc. raised its position in Uber Technologies by 2.9% in the 4th quarter. Hilltop Holdings Inc. now owns 5,634 shares of the ride-sharing company’s stock valued at $347,000 after buying an additional 157 shares during the last quarter. Sivia Capital Partners LLC lifted its stake in Uber Technologies by 3.3% in the 1st quarter. Sivia Capital Partners LLC now owns 4,882 shares of the ride-sharing company’s stock valued at $376,000 after acquiring an additional 157 shares in the last quarter. Wellington Shields Capital Management LLC grew its stake in shares of Uber Technologies by 6.1% during the 1st quarter. Wellington Shields Capital Management LLC now owns 2,756 shares of the ride-sharing company’s stock worth $212,000 after acquiring an additional 159 shares in the last quarter. Finally, Industrial Alliance Investment Management Inc. raised its holdings in shares of Uber Technologies by 3.2% in the first quarter. Industrial Alliance Investment Management Inc. now owns 5,170 shares of the ride-sharing company’s stock valued at $398,000 after purchasing an additional 160 shares during the last quarter. Institutional investors own 80.24% of the company’s stock.

Wall Street Analyst Weigh In

UBER has been the subject of several recent research reports. BMO Capital Markets restated an “outperform” rating and set a $92.00 target price on shares of Uber Technologies in a report on Tuesday, July 30th. Cantor Fitzgerald began coverage on Uber Technologies in a report on Thursday, September 5th. They issued an “overweight” rating and a $90.00 price objective for the company. Needham & Company LLC reiterated a “buy” rating and set a $90.00 target price on shares of Uber Technologies in a report on Wednesday, August 7th. Piper Sandler raised their price target on Uber Technologies from $86.00 to $88.00 and gave the company an “overweight” rating in a research note on Tuesday, June 25th. Finally, Truist Financial reiterated a “buy” rating and set a $88.00 price objective on shares of Uber Technologies in a research note on Friday, September 6th. Four equities research analysts have rated the stock with a hold rating and thirty-one have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $87.60.

Uber Technologies Stock Performance

Shares of NYSE:UBER opened at $73.94 on Friday. Uber Technologies, Inc. has a 12-month low of $40.09 and a 12-month high of $82.14. The company’s 50 day moving average price is $69.60 and its two-hundred day moving average price is $70.77. The firm has a market cap of $154.50 billion, a PE ratio of 119.26, a PEG ratio of 1.27 and a beta of 1.33. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.72.

Uber Technologies (NYSE:UBER) last issued its quarterly earnings results on Tuesday, August 6th. The ride-sharing company reported $0.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.31 by $0.16. The business had revenue of $10.70 billion for the quarter, compared to the consensus estimate of $10.57 billion. Uber Technologies had a return on equity of 17.06% and a net margin of 5.02%. The firm’s quarterly revenue was up 15.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.18 earnings per share. Equities research analysts predict that Uber Technologies, Inc. will post 1.06 earnings per share for the current year.

Insider Buying and Selling

In related news, CEO Dara Khosrowshahi sold 500,000 shares of the company’s stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $71.91, for a total transaction of $35,955,000.00. Following the completion of the sale, the chief executive officer now owns 1,266,114 shares of the company’s stock, valued at $91,046,257.74. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Uber Technologies news, insider Jill Hazelbaker sold 40,000 shares of the company’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $72.00, for a total transaction of $2,880,000.00. Following the completion of the sale, the insider now directly owns 127,352 shares in the company, valued at $9,169,344. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Dara Khosrowshahi sold 500,000 shares of Uber Technologies stock in a transaction on Monday, July 15th. The shares were sold at an average price of $71.91, for a total value of $35,955,000.00. Following the completion of the transaction, the chief executive officer now owns 1,266,114 shares in the company, valued at approximately $91,046,257.74. The disclosure for this sale can be found here. 3.84% of the stock is owned by company insiders.

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.