Illinois Municipal Retirement Fund Reduces Stock Holdings in Uber Technologies, Inc. (NYSE:UBER)

Illinois Municipal Retirement Fund decreased its stake in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 1.4% in the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 273,533 shares of the ride-sharing company's stock after selling 3,924 shares during the quarter. Illinois Municipal Retirement Fund's holdings in Uber Technologies were worth $19,930,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of UBER. Brighton Jones LLC boosted its holdings in shares of Uber Technologies by 3.4% in the 4th quarter. Brighton Jones LLC now owns 74,460 shares of the ride-sharing company's stock worth $4,491,000 after purchasing an additional 2,474 shares during the period. Revolve Wealth Partners LLC lifted its stake in shares of Uber Technologies by 65.0% during the 4th quarter. Revolve Wealth Partners LLC now owns 15,563 shares of the ride-sharing company's stock worth $939,000 after acquiring an additional 6,129 shares during the last quarter. Bank Pictet & Cie Europe AG bought a new stake in shares of Uber Technologies during the 4th quarter worth approximately $395,000. NewEdge Wealth LLC lifted its stake in shares of Uber Technologies by 67.4% during the 4th quarter. NewEdge Wealth LLC now owns 347,240 shares of the ride-sharing company's stock worth $20,945,000 after acquiring an additional 139,780 shares during the last quarter. Finally, Whipplewood Advisors LLC bought a new stake in shares of Uber Technologies during the 4th quarter worth approximately $54,000. Hedge funds and other institutional investors own 80.24% of the company's stock.

Insiders Place Their Bets

In other news, insider Jill Hazelbaker sold 34,884 shares of the firm's stock in a transaction that occurred on 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 transaction, the insider now owns 102,135 shares in the company, valued at $8,786,674.05. This trade represents a 25.46% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the firm's stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $85.00, for a total value of $233,750.00. Following the completion of the transaction, the chief financial officer now owns 21,063 shares in the company, valued at approximately $1,790,355. This trade represents a 11.55% decrease in their position. The disclosure for this sale can be found here. 3.84% of the stock is currently owned by company insiders.

Uber Technologies Stock Up 2.4%

Shares of UBER opened at $93.09 on Friday. The company has a market capitalization of $194.67 billion, a price-to-earnings ratio of 16.30, a PEG ratio of 1.15 and a beta of 1.38. The stock's 50-day moving average price is $84.83 and its 200-day moving average price is $75.02. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.37. Uber Technologies, Inc. has a 52 week low of $54.84 and a 52 week high of $94.38.

Uber Technologies (NYSE:UBER - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The ride-sharing company reported $0.83 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.50 by $0.33. The company had revenue of $11.53 billion for the quarter, compared to the consensus estimate of $11.61 billion. Uber Technologies had a return on equity of 66.46% and a net margin of 27.07%. Uber Technologies's revenue for the quarter was up 13.8% on a year-over-year basis. During the same quarter in the prior year, the business posted ($0.32) earnings per share. On average, sell-side analysts predict that Uber Technologies, Inc. will post 2.54 EPS for the current year.

Wall Street Analysts Forecast Growth

UBER has been the subject of a number of research analyst reports. The Goldman Sachs Group raised 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. KGI Securities reaffirmed a "neutral" rating and set a $78.00 target price on shares of Uber Technologies in a research report on Tuesday, March 11th. KeyCorp lifted their target price on Uber Technologies from $80.00 to $90.00 and gave the company an "overweight" rating in a research report on Thursday, May 8th. Wedbush lowered Uber Technologies from an "outperform" rating to a "neutral" rating and lifted their target price for the company from $80.00 to $85.00 in a research report on Thursday, May 8th. Finally, Cantor Fitzgerald reaffirmed an "overweight" rating and set a $106.00 target price (up from $96.00) on shares of Uber Technologies in a research report on Wednesday. Eleven analysts have rated the stock with a hold rating and twenty-seven have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $95.18.

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.

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