Uber Technologies, Inc. $UBER Shares Sold by Texas Permanent School Fund Corp

Texas Permanent School Fund Corp reduced its holdings in shares of Uber Technologies, Inc. (NYSE:UBER) by 42.2% during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 147,893 shares of the ride-sharing company’s stock after selling 108,095 shares during the period. Texas Permanent School Fund Corp’s holdings in Uber Technologies were worth $13,798,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Vanguard Group Inc. grew its holdings in shares of Uber Technologies by 1.6% during the second quarter. Vanguard Group Inc. now owns 189,551,519 shares of the ride-sharing company’s stock worth $17,685,157,000 after buying an additional 3,025,483 shares during the last quarter. Geode Capital Management LLC lifted its position in Uber Technologies by 2.6% during the 2nd quarter. Geode Capital Management LLC now owns 45,859,136 shares of the ride-sharing company’s stock worth $4,258,756,000 after acquiring an additional 1,168,288 shares during the period. Pershing Square Capital Management L.P. purchased a new position in shares of Uber Technologies in the 1st quarter valued at approximately $2,207,743,000. Norges Bank acquired a new position in shares of Uber Technologies in the second quarter valued at approximately $2,348,319,000. Finally, Kingstone Capital Partners Texas LLC increased its holdings in shares of Uber Technologies by 334,075.7% in the second quarter. Kingstone Capital Partners Texas LLC now owns 19,973,682 shares of the ride-sharing company’s stock valued at $1,863,545,000 after purchasing an additional 19,967,705 shares during the period. 80.24% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on UBER shares. BMO Capital Markets decreased their price target on Uber Technologies from $113.00 to $106.00 and set an “outperform” rating for the company in a report on Wednesday, November 5th. Susquehanna restated a “positive” rating and issued a $110.00 target price on shares of Uber Technologies in a research note on Wednesday, November 5th. Arete Research set a $125.00 target price on shares of Uber Technologies and gave the company a “buy” rating in a report on Wednesday, December 3rd. The Goldman Sachs Group reiterated a “buy” rating on shares of Uber Technologies in a research note on Wednesday, November 5th. Finally, UBS Group set a $122.00 price objective on shares of Uber Technologies and gave the company a “buy” rating in a research report on Wednesday, November 5th. Two research analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $108.60.

Insider Activity at Uber Technologies

In related news, CEO Dara Khosrowshahi sold 150,000 shares of Uber Technologies stock in a transaction on Monday, September 22nd. The stock was sold at an average price of $100.48, for a total transaction of $15,072,000.00. Following the completion of the transaction, the chief executive officer directly owned 982,544 shares of the company’s stock, valued at approximately $98,726,021.12. The trade was a 13.24% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Prashanth Mahendra-Rajah sold 5,500 shares of the business’s stock in a transaction on Wednesday, November 12th. The stock was sold at an average price of $94.41, for a total value of $519,255.00. Following the sale, the chief financial officer owned 20,330 shares in the company, valued at approximately $1,919,355.30. The trade was a 21.29% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 267,625 shares of company stock valued at $26,774,660 in the last ninety days. Corporate insiders own 3.70% of the company’s stock.

Uber Technologies Stock Down 0.4%

Shares of NYSE UBER opened at $85.13 on Monday. The stock has a market capitalization of $176.88 billion, a price-to-earnings ratio of 10.94 and a beta of 1.19. Uber Technologies, Inc. has a 52 week low of $59.33 and a 52 week high of $101.99. The firm has a 50-day moving average price of $91.78 and a 200 day moving average price of $91.80. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.37.

Uber Technologies (NYSE:UBER) last issued its earnings results on Tuesday, November 4th. The ride-sharing company reported $3.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.67 by $2.44. Uber Technologies had a net margin of 33.54% and a return on equity of 68.17%. The company had revenue of $13.47 billion during the quarter, compared to analysts’ expectations of $13.25 billion. During the same period last year, the company posted $1.20 earnings per share. The firm’s quarterly revenue was up 20.4% compared to the same quarter last year. Equities research analysts anticipate that Uber Technologies, Inc. will post 2.54 EPS for the current fiscal year.

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.