State of Wyoming Makes New Investment in Uber Technologies, Inc. (NYSE:UBER)

State of Wyoming acquired a new stake in Uber Technologies, Inc. (NYSE:UBER - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 8,230 shares of the ride-sharing company's stock, valued at approximately $496,000.

Other institutional investors have also bought and sold shares of the company. Capital Research Global Investors lifted its stake in shares of Uber Technologies by 79.0% during the 4th quarter. Capital Research Global Investors now owns 118,131,681 shares of the ride-sharing company's stock valued at $7,125,728,000 after buying an additional 52,125,476 shares in the last quarter. Norges Bank bought a new stake in Uber Technologies during the 4th quarter valued at $1,467,754,000. Jennison Associates LLC raised its holdings in Uber Technologies by 36.9% during the 4th quarter. Jennison Associates LLC now owns 26,460,312 shares of the ride-sharing company's stock valued at $1,596,086,000 after acquiring an additional 7,137,512 shares during the period. Boston Partners purchased a new stake in shares of Uber Technologies during the fourth quarter worth $381,057,000. Finally, Jericho Capital Asset Management L.P. bought a new position in shares of Uber Technologies in the fourth quarter worth $298,644,000. Hedge funds and other institutional investors own 80.24% of the company's stock.

Uber Technologies Trading Down 0.2%

NYSE:UBER traded down $0.18 during midday trading on Friday, reaching $87.82. 17,915,084 shares of the stock traded hands, compared to its average volume of 20,440,885. The company has a fifty day moving average of $78.17 and a 200 day moving average of $72.51. Uber Technologies, Inc. has a 12 month low of $54.84 and a 12 month high of $93.60. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.41 and a current ratio of 1.07. The stock has a market capitalization of $183.64 billion, a P/E ratio of 19.26, a PEG ratio of 0.89 and a beta of 1.43.

Uber Technologies (NYSE:UBER - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The ride-sharing company reported $0.83 EPS for the quarter, beating analysts' consensus estimates of $0.50 by $0.33. Uber Technologies had a net margin of 22.41% and a return on equity of 62.60%. The company had revenue of $11.53 billion during the quarter, compared to analyst estimates of $11.61 billion. During the same period in the prior year, the business posted ($0.32) EPS. The firm's revenue was up 13.8% compared to the same quarter last year. On average, research analysts predict that Uber Technologies, Inc. will post 2.54 EPS for the current year.

Insider Activity at Uber Technologies

In other Uber Technologies news, insider Tony West sold 23,404 shares of the company's stock in a transaction on Thursday, March 13th. The shares were sold at an average price of $70.27, for a total value of $1,644,599.08. Following the completion of the transaction, the insider now directly owns 114,241 shares in the company, valued at approximately $8,027,715.07. This represents a 17.00% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jill Hazelbaker sold 34,884 shares of the company's stock in a transaction on Monday, May 12th. The stock was sold at an average price of $86.03, for a total transaction of $3,001,070.52. Following the completion of the transaction, the insider now owns 102,135 shares of the company's stock, valued at $8,786,674.05. This trade represents a 25.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 83,788 shares of company stock worth $6,517,070 in the last three months. 3.84% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on UBER shares. KeyCorp increased their price objective on Uber Technologies from $80.00 to $90.00 and gave the stock an "overweight" rating in a report on Thursday, May 8th. Evercore ISI decreased their price target on Uber Technologies from $120.00 to $115.00 and set an "outperform" rating on the stock in a research report on Thursday, February 6th. KGI Securities reissued a "neutral" rating and issued a $78.00 price target on shares of Uber Technologies in a report on Tuesday, March 11th. Truist Financial boosted their price objective on shares of Uber Technologies from $90.00 to $92.00 and gave the company a "buy" rating in a research note on Thursday, March 6th. Finally, Barclays increased their target price on shares of Uber Technologies from $86.00 to $97.00 and gave the stock an "overweight" rating in a research note on Thursday, May 8th. Eleven analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $93.91.

Uber Technologies 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.