Maryland State Retirement & Pension System Purchases 2,806 Shares of Uber Technologies, Inc. $UBER

Maryland State Retirement & Pension System boosted its position in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 3.0% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 97,856 shares of the ride-sharing company's stock after purchasing an additional 2,806 shares during the quarter. Maryland State Retirement & Pension System's holdings in Uber Technologies were worth $9,130,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of UBER. Kozak & Associates Inc. grew its stake in shares of Uber Technologies by 155.9% during the first quarter. Kozak & Associates Inc. now owns 366 shares of the ride-sharing company's stock worth $27,000 after acquiring an additional 223 shares during the last quarter. Noble Wealth Management PBC purchased a new stake in shares of Uber Technologies during the first quarter worth about $27,000. Vision Financial Markets LLC purchased a new stake in shares of Uber Technologies during the first quarter worth about $27,000. West Oak Capital LLC purchased a new stake in shares of Uber Technologies during the second quarter worth about $28,000. Finally, GPS Wealth Strategies Group LLC grew its stake in shares of Uber Technologies by 305.1% during the first quarter. GPS Wealth Strategies Group LLC now owns 397 shares of the ride-sharing company's stock worth $29,000 after acquiring an additional 299 shares during the last quarter. Hedge funds and other institutional investors own 80.24% of the company's stock.

Uber Technologies Trading Up 1.6%

Uber Technologies stock opened at $99.32 on Thursday. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.41. Uber Technologies, Inc. has a 12 month low of $59.33 and a 12 month high of $101.99. The stock's 50 day simple moving average is $94.57 and its two-hundred day simple moving average is $87.55. The firm has a market cap of $207.12 billion, a PE ratio of 16.92 and a beta of 1.48.

Uber Technologies (NYSE:UBER - Get Free Report) last released its quarterly earnings data on Wednesday, August 6th. The ride-sharing company reported $0.63 EPS for the quarter, topping the consensus estimate of $0.61 by $0.02. Uber Technologies had a return on equity of 59.96% and a net margin of 26.68%.The business had revenue of $12.65 billion for the quarter, compared to analyst estimates of $12.45 billion. During the same quarter in the prior year, the firm posted $0.47 EPS. The business's quarterly revenue was up 18.2% compared to the same quarter last year. Analysts anticipate that Uber Technologies, Inc. will post 2.54 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on UBER shares. UBS Group upped their target price on Uber Technologies from $115.00 to $117.00 and gave the company a "buy" rating in a research report on Thursday, August 7th. Wall Street Zen lowered Uber Technologies from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th. Mizuho started coverage on Uber Technologies in a research report on Monday, September 29th. They issued an "outperform" rating and a $130.00 target price on the stock. Weiss Ratings reiterated a "buy (b)" rating on shares of Uber Technologies in a research report on Saturday, September 27th. Finally, Stifel Nicolaus upped their target price on Uber Technologies from $110.00 to $117.00 and gave the company a "buy" rating in a research report on Tuesday, July 29th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and ten have given a Hold rating to the company's stock. According to MarketBeat, Uber Technologies currently has an average rating of "Moderate Buy" and an average target price of $104.03.

Insider Buying and Selling at Uber Technologies

In other news, SVP Nikki Krishnamurthy sold 11,571 shares of the company's stock in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of $91.74, for a total transaction of $1,061,523.54. Following the completion of the transaction, the senior vice president directly owned 416,222 shares of the company's stock, valued at $38,184,206.28. This represents a 2.70% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the company's stock in a transaction that occurred on Tuesday, September 16th. The stock was sold at an average price of $99.42, for a total value of $273,405.00. Following the transaction, the chief financial officer directly owned 22,528 shares of the company's stock, valued at approximately $2,239,733.76. The trade was a 10.88% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 601,821 shares of company stock worth $58,659,491. 3.84% of the stock is currently owned by corporate insiders.

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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