Retirement Systems of Alabama Has $79.65 Million Holdings in Uber Technologies, Inc. (NYSE:UBER)

Retirement Systems of Alabama lessened its holdings in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 1.3% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,093,202 shares of the ride-sharing company's stock after selling 14,356 shares during the quarter. Retirement Systems of Alabama owned approximately 0.05% of Uber Technologies worth $79,651,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in UBER. Transce3nd LLC acquired a new position in shares of Uber Technologies during the 4th quarter valued at about $27,000. Fourth Dimension Wealth LLC acquired a new position in Uber Technologies during the fourth quarter valued at approximately $27,000. Kozak & Associates Inc. grew its holdings in Uber Technologies by 155.9% during the first quarter. Kozak & Associates Inc. now owns 366 shares of the ride-sharing company's stock valued at $27,000 after purchasing an additional 223 shares during the last quarter. Noble Wealth Management PBC bought a new position in shares of Uber Technologies in the first quarter valued at approximately $27,000. Finally, Runnymede Capital Advisors Inc. acquired a new stake in shares of Uber Technologies in the fourth quarter worth $28,000. 80.24% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages recently commented on UBER. Cantor Fitzgerald reiterated an "overweight" rating and issued a $80.00 target price on shares of Uber Technologies in a report on Wednesday, April 16th. JMP Securities reaffirmed a "market perform" rating on shares of Uber Technologies in a research report on Thursday, May 15th. JPMorgan Chase & Co. increased their price objective on Uber Technologies from $92.00 to $105.00 and gave the company an "overweight" rating in a research report on Tuesday, May 20th. TD Cowen dropped their target price on shares of Uber Technologies from $90.00 to $88.00 and set a "buy" rating on the stock in a research report on Tuesday, April 8th. Finally, Wells Fargo & Company upped their target price on shares of Uber Technologies from $90.00 to $100.00 and gave the company an "overweight" rating in a research note on Thursday, May 8th. Eleven equities research analysts have rated the stock with a hold rating and twenty-seven have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $94.39.

Insider Activity

In other news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the company'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 transaction of $233,750.00. Following the transaction, the chief financial officer now directly owns 21,063 shares in the company, valued at approximately $1,790,355. This represents a 11.55% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Jill Hazelbaker sold 34,884 shares of the firm's stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $86.03, for a total transaction of $3,001,070.52. Following the completion of the sale, the insider now directly owns 102,135 shares of the company's stock, valued at approximately $8,786,674.05. This represents a 25.46% decrease in their position. The disclosure for this sale can be found here. 3.84% of the stock is currently owned by corporate insiders.

Uber Technologies Price Performance

Shares of NYSE UBER traded up $0.29 during mid-day trading on Friday, hitting $83.73. 27,456,507 shares of the stock were exchanged, compared to its average volume of 20,854,704. Uber Technologies, Inc. has a twelve month low of $54.84 and a twelve month high of $93.60. The stock's fifty day simple moving average is $83.30 and its two-hundred day simple moving average is $74.30. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.02 and a current ratio of 1.02. The company has a market cap of $175.09 billion, a P/E ratio of 14.66, a PEG ratio of 1.06 and a beta of 1.38.

Uber Technologies (NYSE:UBER - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The ride-sharing company reported $0.83 earnings per share for the quarter, beating analysts' consensus estimates of $0.50 by $0.33. Uber Technologies had a return on equity of 66.46% and a net margin of 27.07%. The firm had revenue of $11.53 billion during the quarter, compared to analysts' expectations of $11.61 billion. During the same period last year, the firm posted ($0.32) EPS. The business's revenue was up 13.8% on a year-over-year basis. As a group, analysts forecast that Uber Technologies, Inc. will post 2.54 EPS for the current fiscal year.

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.