Uber Technologies, Inc. (NYSE:UBER) Shares Bought by Public Sector Pension Investment Board

Public Sector Pension Investment Board raised its stake in shares of Uber Technologies, Inc. (NYSE:UBER) by 4.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 914,608 shares of the ride-sharing company’s stock after purchasing an additional 36,752 shares during the quarter. Public Sector Pension Investment Board’s holdings in Uber Technologies were worth $66,474,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. boosted its position in Uber Technologies by 34.8% in the fourth quarter. Vanguard Group Inc. now owns 167,629,367 shares of the ride-sharing company’s stock valued at $10,320,940,000 after buying an additional 43,275,830 shares during the last quarter. Edgewood Management LLC purchased a new stake in shares of Uber Technologies in the 4th quarter valued at $783,401,000. Price T Rowe Associates Inc. MD increased its stake in shares of Uber Technologies by 37.8% in the first quarter. Price T Rowe Associates Inc. MD now owns 36,425,981 shares of the ride-sharing company’s stock worth $2,804,437,000 after acquiring an additional 9,996,508 shares during the period. GQG Partners LLC raised its holdings in shares of Uber Technologies by 74.1% during the first quarter. GQG Partners LLC now owns 22,423,451 shares of the ride-sharing company’s stock worth $1,726,381,000 after purchasing an additional 9,541,366 shares during the last quarter. Finally, Capital Research Global Investors lifted its position in Uber Technologies by 28.4% during the fourth quarter. Capital Research Global Investors now owns 36,928,116 shares of the ride-sharing company’s stock valued at $2,273,669,000 after purchasing an additional 8,164,816 shares during the period. Hedge funds and other institutional investors own 80.24% of the company’s stock.

Uber Technologies Price Performance

Uber Technologies stock opened at $73.94 on Monday. The company’s 50 day simple moving average is $69.60 and its 200-day simple moving average is $70.66. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.21 and a current ratio of 1.21. Uber Technologies, Inc. has a 1 year low of $40.09 and a 1 year high of $82.14. The company has a market capitalization of $154.50 billion, a price-to-earnings ratio of 119.26, a price-to-earnings-growth ratio of 1.27 and a beta of 1.33.

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

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. Wolfe Research began coverage on Uber Technologies in a research note on Tuesday, July 16th. They set an “outperform” rating and a $90.00 price objective for the company. Royal Bank of Canada reiterated an “outperform” rating and set a $80.00 price target on shares of Uber Technologies in a research report on Wednesday, August 7th. Bank of America restated a “buy” rating and issued a $88.00 price objective on shares of Uber Technologies in a research report on Friday, August 23rd. Cantor Fitzgerald began coverage on shares of Uber Technologies in a report on Thursday, September 5th. They issued an “overweight” rating and a $90.00 price objective for the company. Finally, DA Davidson upped their target price on Uber Technologies from $81.00 to $82.00 and gave the stock a “buy” rating in a research note on Wednesday, August 7th. Four research analysts have rated the stock with a hold rating and thirty-one have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $87.60.

Insider Buying and Selling

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

About Uber Technologies

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.