Uber Technologies, Inc. (NYSE:UBER) Shares Sold by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio lessened its holdings in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 3.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 863,862 shares of the ride-sharing company's stock after selling 32,362 shares during the quarter. Public Employees Retirement System of Ohio's holdings in Uber Technologies were worth $52,108,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in UBER. Avion Wealth boosted its holdings in shares of Uber Technologies by 96.0% in the 4th quarter. Avion Wealth now owns 445 shares of the ride-sharing company's stock worth $26,000 after purchasing an additional 218 shares during the period. Transce3nd LLC purchased a new position in shares of Uber Technologies in the 4th quarter worth approximately $27,000. Fourth Dimension Wealth LLC purchased a new position in shares of Uber Technologies in the 4th quarter worth approximately $27,000. Runnymede Capital Advisors Inc. purchased a new position in shares of Uber Technologies in the 4th quarter worth approximately $28,000. Finally, GHP Investment Advisors Inc. lifted its stake in shares of Uber Technologies by 85.1% during the 4th quarter. GHP Investment Advisors Inc. now owns 485 shares of the ride-sharing company's stock worth $29,000 after acquiring an additional 223 shares during the last quarter. Institutional investors own 80.24% of the company's stock.

Uber Technologies Trading Up 1.8%

UBER traded up $1.58 during trading on Tuesday, hitting $89.33. The company's stock had a trading volume of 8,632,807 shares, compared to its average volume of 20,395,098. The firm's 50 day moving average price is $78.47 and its 200-day moving average price is $72.61. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.07 and a quick ratio of 1.41. The stock has a market cap of $186.79 billion, a PE ratio of 19.57, a PEG ratio of 0.89 and a beta of 1.43. Uber Technologies, Inc. has a twelve month low of $54.84 and a twelve month high of $93.60.

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 for the quarter, beating the consensus estimate of $0.50 by $0.33. The company had revenue of $11.53 billion during the quarter, compared to the consensus estimate of $11.61 billion. Uber Technologies had a return on equity of 62.60% and a net margin of 22.41%. Uber Technologies's revenue was up 13.8% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.32) EPS. On average, analysts expect that Uber Technologies, Inc. will post 2.54 earnings per share for the current year.

Insider Buying and Selling at Uber Technologies

In other Uber Technologies news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the firm's stock in a transaction dated Thursday, March 20th. The stock was sold at an average price of $75.00, for a total value of $206,250.00. Following the transaction, the chief financial officer now directly owns 22,162 shares of the company's stock, valued at $1,662,150. This trade represents a 11.04% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Tony West sold 23,404 shares of Uber Technologies stock in a transaction dated Thursday, March 13th. The stock was sold at an average price of $70.27, for a total value of $1,644,599.08. Following the sale, the insider now directly owns 114,241 shares in the company, valued at approximately $8,027,715.07. The trade was a 17.00% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 83,788 shares of company stock worth $6,517,070. Insiders own 3.84% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on UBER shares. Loop Capital reissued a "buy" rating and set a $105.00 price target (up from $89.00) on shares of Uber Technologies in a research note on Wednesday, May 21st. Bank of America boosted their price target on Uber Technologies from $96.00 to $97.00 and gave the stock a "buy" rating in a research report on Thursday, May 8th. Barclays boosted their target price on Uber Technologies from $86.00 to $97.00 and gave the stock an "overweight" rating in a research note on Thursday, May 8th. Benchmark reiterated a "hold" rating on shares of Uber Technologies in a research note on Friday, January 31st. Finally, Arete Research upgraded Uber Technologies to a "hold" rating in a research note on Tuesday, February 18th. Eleven research analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Uber Technologies currently has a consensus rating of "Moderate Buy" and an average price target of $93.91.

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.