State of Alaska Department of Revenue Buys 4,690 Shares of Uber Technologies, Inc. (NYSE:UBER)

State of Alaska Department of Revenue boosted its stake in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 2.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 244,720 shares of the ride-sharing company's stock after purchasing an additional 4,690 shares during the period. State of Alaska Department of Revenue's holdings in Uber Technologies were worth $17,830,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Transce3nd LLC purchased a new stake in Uber Technologies during the fourth quarter valued at approximately $27,000. Fourth Dimension Wealth LLC purchased a new stake in Uber Technologies during the fourth quarter valued at approximately $27,000. Kozak & Associates Inc. increased 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 buying an additional 223 shares during the last quarter. Noble Wealth Management PBC purchased a new stake in Uber Technologies during the first quarter valued at approximately $27,000. Finally, Runnymede Capital Advisors Inc. purchased a new stake in Uber Technologies during the fourth quarter valued at approximately $28,000. 80.24% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Uber Technologies

In other news, insider Jill Hazelbaker sold 34,884 shares of the business's stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $86.03, for a total value of $3,001,070.52. Following the completion of the sale, the insider now owns 102,135 shares in the company, valued at approximately $8,786,674.05. The trade was a 25.46% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the business's stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $85.00, for a total transaction of $233,750.00. Following the completion of the sale, the chief financial officer now owns 21,063 shares of the company's stock, valued at approximately $1,790,355. This represents a 11.55% decrease in their position. The disclosure for this sale can be found here. Insiders sold 40,384 shares of company stock worth $3,441,071 in the last 90 days. 3.70% of the stock is owned by corporate insiders.

Uber Technologies Trading Down 0.5%

Shares of UBER opened at $84.71 on Wednesday. Uber Technologies, Inc. has a 1-year low of $54.84 and a 1-year high of $93.60. The company has a 50-day moving average of $82.83 and a 200 day moving average of $74.17. The firm has a market capitalization of $177.14 billion, a price-to-earnings ratio of 14.84, a PEG ratio of 1.08 and a beta of 1.38. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.02 and a quick ratio of 1.02.

Uber Technologies (NYSE:UBER - Get Free Report) last announced its quarterly earnings data 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 net margin of 27.07% and a return on equity of 66.46%. The company had revenue of $11.53 billion during the quarter, compared to analyst estimates of $11.61 billion. During the same quarter last year, the business posted ($0.32) EPS. The firm's revenue for the quarter was up 13.8% on a year-over-year basis. On average, research analysts expect 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 reports. Loop Capital reaffirmed a "buy" rating and set a $105.00 target price (up from $89.00) on shares of Uber Technologies in a report on Wednesday, May 21st. Piper Sandler restated an "overweight" rating and set a $87.00 price objective (up from $80.00) on shares of Uber Technologies in a research report on Tuesday, February 18th. Tigress Financial set a $110.00 price objective on shares of Uber Technologies and gave the company a "buy" rating in a research report on Friday, May 23rd. Royal Bank Of Canada restated an "outperform" rating and set a $82.00 price objective on shares of Uber Technologies in a research report on Monday, May 5th. Finally, Arete Research upgraded shares of Uber Technologies to a "hold" rating in a research report on Tuesday, February 18th. Eleven investment analysts have rated the stock with a hold rating, twenty-seven have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $94.39.

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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