Uber Technologies, Inc. (NYSE:UBER) Holdings Decreased by Strs Ohio

Strs Ohio reduced its position in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 15.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,570,850 shares of the ride-sharing company's stock after selling 287,822 shares during the period. Strs Ohio owned 0.08% of Uber Technologies worth $96,717,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in UBER. Drive Wealth Management LLC lifted its holdings in shares of Uber Technologies by 3.6% during the 4th quarter. Drive Wealth Management LLC now owns 4,691 shares of the ride-sharing company's stock valued at $289,000 after purchasing an additional 163 shares during the last quarter. Blue Bell Private Wealth Management LLC raised its stake in Uber Technologies by 49.7% in the 4th quarter. Blue Bell Private Wealth Management LLC now owns 524 shares of the ride-sharing company's stock worth $32,000 after acquiring an additional 174 shares during the last quarter. Cigna Investments Inc. New raised its stake in Uber Technologies by 0.9% in the 4th quarter. Cigna Investments Inc. New now owns 20,743 shares of the ride-sharing company's stock worth $1,277,000 after acquiring an additional 178 shares during the last quarter. Procyon Advisors LLC raised its stake in Uber Technologies by 3.6% in the 4th quarter. Procyon Advisors LLC now owns 5,258 shares of the ride-sharing company's stock worth $324,000 after acquiring an additional 182 shares during the last quarter. Finally, Harbour Capital Advisors LLC raised its stake in Uber Technologies by 2.1% in the 4th quarter. Harbour Capital Advisors LLC now owns 9,920 shares of the ride-sharing company's stock worth $578,000 after acquiring an additional 200 shares during the last quarter. 80.24% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, insider Tony West sold 18,750 shares of the firm's stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $70.08, for a total value of $1,314,000.00. Following the completion of the sale, the insider now owns 185,566 shares in the company, valued at $13,004,465.28. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Uber Technologies news, insider Tony West sold 18,750 shares of the firm's stock in a transaction on Monday, February 12th. The stock was sold at an average price of $70.08, for a total value of $1,314,000.00. Following the completion of the sale, the insider now owns 185,566 shares of the company's stock, valued at $13,004,465.28. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Jill Hazelbaker sold 20,000 shares of the company's stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $77.83, for a total transaction of $1,556,600.00. Following the transaction, the insider now directly owns 107,290 shares in the company, valued at $8,350,380.70. The disclosure for this sale can be found here. Corporate insiders own 3.84% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. TheStreet raised Uber Technologies from a "c" rating to a "b-" rating in a research report on Wednesday, February 7th. UBS Group increased their price target on Uber Technologies from $94.00 to $96.00 and gave the stock a "buy" rating in a research report on Thursday, February 15th. Bank of America raised their target price on Uber Technologies from $68.00 to $73.00 and gave the company a "buy" rating in a research report on Tuesday, January 30th. KeyCorp raised their target price on Uber Technologies from $79.00 to $90.00 and gave the company an "overweight" rating in a research report on Thursday, February 15th. Finally, The Goldman Sachs Group raised their target price on Uber Technologies from $59.00 to $78.00 and gave the company a "buy" rating in a research report on Thursday, January 11th. Two investment analysts have rated the stock with a hold rating and twenty-nine have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $78.21.

Uber Technologies Stock Performance

UBER traded down $0.90 on Friday, reaching $75.28. The company had a trading volume of 11,590,774 shares, compared to its average volume of 14,593,051. Uber Technologies, Inc. has a 1 year low of $29.22 and a 1 year high of $82.14. The stock has a market capitalization of $156.69 billion, a PE ratio of 87.53, a P/E/G ratio of 1.21 and a beta of 1.36. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.79. The stock has a 50-day moving average price of $76.74 and a 200-day moving average price of $62.83.

Uber Technologies (NYSE:UBER - Get Free Report) last announced its earnings results on Wednesday, February 7th. The ride-sharing company reported $0.66 EPS for the quarter, beating analysts' consensus estimates of $0.16 by $0.50. Uber Technologies had a net margin of 5.06% and a return on equity of 18.95%. The business had revenue of $9.94 billion during the quarter, compared to analysts' expectations of $9.76 billion. During the same period in the prior year, the company earned $0.29 earnings per share. The business's revenue was up 15.4% compared to the same quarter last year. As a group, research analysts forecast that Uber Technologies, Inc. will post 1.2 EPS for the current fiscal year.

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.