Kentucky Retirement Systems Trims Position in Uber Technologies, Inc. (NYSE:UBER)

Kentucky Retirement Systems lessened its stake in shares of Uber Technologies, Inc. (NYSE:UBER) by 3.8% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 138,822 shares of the ride-sharing company’s stock after selling 5,552 shares during the period. Kentucky Retirement Systems’ holdings in Uber Technologies were worth $10,115,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of the stock. Navalign LLC boosted its holdings in shares of Uber Technologies by 0.5% in the fourth quarter. Navalign LLC now owns 25,468 shares of the ride-sharing company’s stock valued at $1,536,000 after acquiring an additional 126 shares during the period. Grove Bank & Trust boosted its holdings in shares of Uber Technologies by 0.9% in the first quarter. Grove Bank & Trust now owns 14,139 shares of the ride-sharing company’s stock valued at $1,030,000 after acquiring an additional 133 shares during the period. Amplius Wealth Advisors LLC boosted its holdings in shares of Uber Technologies by 3.6% in the first quarter. Amplius Wealth Advisors LLC now owns 4,140 shares of the ride-sharing company’s stock valued at $302,000 after acquiring an additional 145 shares during the period. Welch & Forbes LLC boosted its holdings in shares of Uber Technologies by 3.9% in the fourth quarter. Welch & Forbes LLC now owns 3,936 shares of the ride-sharing company’s stock valued at $237,000 after acquiring an additional 148 shares during the period. Finally, Carlton Hofferkamp & Jenks Wealth Management LLC boosted its holdings in shares of Uber Technologies by 3.5% in the fourth quarter. Carlton Hofferkamp & Jenks Wealth Management LLC now owns 4,381 shares of the ride-sharing company’s stock valued at $282,000 after acquiring an additional 150 shares during the period. Hedge funds and other institutional investors own 80.24% of the company’s stock.

Uber Technologies Stock Up 0.3%

UBER opened at $83.73 on Friday. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.37. The firm has a market cap of $175.09 billion, a P/E ratio of 14.66, a PEG ratio of 1.07 and a beta of 1.38. Uber Technologies, Inc. has a 52 week low of $54.84 and a 52 week high of $93.60. The business’s fifty day simple moving average is $83.53 and its 200 day simple moving average is $74.41.

Uber Technologies (NYSE:UBER) last posted its quarterly earnings data on Wednesday, May 7th. The ride-sharing company reported $0.83 EPS for the quarter, beating analysts’ consensus estimates of $0.50 by $0.33. The business had revenue of $11.53 billion for the quarter, compared to analyst estimates of $11.61 billion. Uber Technologies had a return on equity of 66.46% and a net margin of 27.07%. The business’s revenue for the quarter was up 13.8% compared to the same quarter last year. During the same quarter last year, the company earned ($0.32) earnings per share. As a group, equities research analysts anticipate that Uber Technologies, Inc. will post 2.54 EPS for the current fiscal year.

Insider Activity at Uber Technologies

In other Uber Technologies news, insider Jill Hazelbaker sold 34,884 shares of the firm’s stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $86.03, for a total value of $3,001,070.52. Following the sale, the insider now directly owns 102,135 shares of the company’s stock, valued at approximately $8,786,674.05. This trade represents a 25.46% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the firm’s stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $85.00, for a total value of $233,750.00. Following the completion of the sale, the chief financial officer now directly owns 21,063 shares in the company, valued at approximately $1,790,355. The trade was a 11.55% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 3.84% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently commented on UBER. Loop Capital restated a “buy” rating and set a $105.00 price target (up previously from $89.00) on shares of Uber Technologies in a research note on Wednesday, May 21st. The Goldman Sachs Group upped their price target on Uber Technologies from $96.00 to $110.00 and gave the stock a “buy” rating in a research note on Thursday, May 8th. Fox Advisors cut Uber Technologies from an “overweight” rating to an “equal weight” rating in a research note on Tuesday, March 11th. Royal Bank Of Canada restated an “outperform” rating and set a $82.00 price target on shares of Uber Technologies in a research note on Monday, May 5th. Finally, Truist Financial upped their price target on Uber Technologies from $90.00 to $92.00 and gave the stock a “buy” rating in a research note on Thursday, March 6th. Eleven research analysts have rated the stock with a hold rating and twenty-seven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $94.39.

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.