California State Teachers Retirement System Sells 46,750 Shares of Uber Technologies, Inc. (NYSE:UBER)

California State Teachers Retirement System lessened its holdings in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 1.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,055,061 shares of the ride-sharing company's stock after selling 46,750 shares during the period. California State Teachers Retirement System owned about 0.15% of Uber Technologies worth $184,281,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Capital Research Global Investors boosted its position in shares of Uber Technologies by 79.0% during the fourth quarter. Capital Research Global Investors now owns 118,131,681 shares of the ride-sharing company's stock valued at $7,125,728,000 after purchasing an additional 52,125,476 shares in the last quarter. Norges Bank bought a new stake in shares of Uber Technologies during the 4th quarter valued at $1,467,754,000. Jennison Associates LLC grew its position in shares of Uber Technologies by 36.9% in the 4th quarter. Jennison Associates LLC now owns 26,460,312 shares of the ride-sharing company's stock worth $1,596,086,000 after buying an additional 7,137,512 shares during the period. Boston Partners bought a new position in shares of Uber Technologies in the 4th quarter worth about $381,057,000. Finally, Assenagon Asset Management S.A. lifted its position in Uber Technologies by 670.6% during the 4th quarter. Assenagon Asset Management S.A. now owns 6,611,557 shares of the ride-sharing company's stock valued at $398,809,000 after acquiring an additional 5,753,637 shares during the period. Hedge funds and other institutional investors own 80.24% of the company's stock.

Uber Technologies Stock Performance

NYSE:UBER traded up $1.65 during mid-day trading on Wednesday, hitting $81.07. 17,724,481 shares of the company traded hands, compared to its average volume of 20,252,842. The company has a quick ratio of 1.41, a current ratio of 1.07 and a debt-to-equity ratio of 0.37. The stock's fifty day moving average price is $73.51 and its 200-day moving average price is $71.41. The firm has a market cap of $169.58 billion, a price-to-earnings ratio of 17.78, a price-to-earnings-growth ratio of 0.89 and a beta of 1.37. Uber Technologies, Inc. has a one year low of $54.84 and a one year high of $87.00.

Uber Technologies (NYSE:UBER - Get Free Report) last announced its quarterly earnings data on Wednesday, February 5th. The ride-sharing company reported $3.21 earnings per share (EPS) for the quarter, beating 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%. Research analysts anticipate that Uber Technologies, Inc. will post 2.54 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

UBER has been the topic of a number of recent research reports. Arete Research upgraded shares of Uber Technologies to a "hold" rating in a report on Tuesday, February 18th. Benchmark reaffirmed a "hold" rating on shares of Uber Technologies in a research report on Friday, January 31st. Wolfe Research boosted their target price on Uber Technologies from $90.00 to $92.00 and gave the stock an "outperform" rating in a report on Friday, January 3rd. UBS Group reissued a "buy" rating on shares of Uber Technologies in a research note on Friday, February 21st. Finally, JPMorgan Chase & Co. dropped their price target on shares of Uber Technologies from $90.00 to $80.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 8th. Ten research analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Uber Technologies presently has a consensus rating of "Moderate Buy" and a consensus price target of $89.81.

Insider Transactions at Uber Technologies

In other Uber Technologies news, insider Tony West sold 23,404 shares of the stock in a transaction that occurred on Thursday, March 13th. The shares were sold at an average price of $70.27, for a total transaction of $1,644,599.08. Following the completion of the sale, the insider now directly owns 114,241 shares of the company's stock, valued at $8,027,715.07. This trade represents a 17.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the business's stock in a transaction on Thursday, March 20th. The stock was sold at an average price of $75.00, for a total transaction of $206,250.00. Following the completion of the transaction, the chief financial officer now directly owns 22,162 shares in the company, valued at $1,662,150. This trade represents a 11.04 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 77,154 shares of company stock valued at $5,793,869 over the last three months. Corporate insiders own 3.70% of the company's stock.

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.