Retirement Systems of Alabama Invests $72.04 Million in Uber Technologies, Inc. (NYSE:UBER)

Retirement Systems of Alabama bought a new stake in Uber Technologies, Inc. (NYSE:UBER - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 1,170,046 shares of the ride-sharing company's stock, valued at approximately $72,040,000. Retirement Systems of Alabama owned about 0.06% of Uber Technologies as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Highlander Capital Management LLC grew its position in Uber Technologies by 100.0% in the fourth quarter. Highlander Capital Management LLC now owns 500 shares of the ride-sharing company's stock valued at $31,000 after acquiring an additional 250 shares during the last quarter. Treasurer of the State of North Carolina grew its holdings in shares of Uber Technologies by 0.4% during the third quarter. Treasurer of the State of North Carolina now owns 877,589 shares of the ride-sharing company's stock worth $40,360,000 after purchasing an additional 3,530 shares during the last quarter. Compagnie Lombard Odier SCmA grew its holdings in shares of Uber Technologies by 73.0% during the fourth quarter. Compagnie Lombard Odier SCmA now owns 33,535 shares of the ride-sharing company's stock worth $2,065,000 after purchasing an additional 14,153 shares during the last quarter. Financial Enhancement Group LLC bought a new stake in shares of Uber Technologies during the fourth quarter worth about $1,112,000. Finally, Fifth Third Bancorp grew its holdings in shares of Uber Technologies by 54.3% during the fourth quarter. Fifth Third Bancorp now owns 68,894 shares of the ride-sharing company's stock worth $4,242,000 after purchasing an additional 24,247 shares during the last quarter. Institutional investors own 80.24% of the company's stock.

Analyst Ratings Changes

Several research firms have recently weighed in on UBER. Roth Mkm boosted their price target on Uber Technologies from $72.00 to $79.00 and gave the stock a "buy" rating in a report on Thursday, February 8th. UBS Group boosted their price target on Uber Technologies from $94.00 to $96.00 and gave the stock a "buy" rating in a report on Thursday, February 15th. Citigroup boosted their price target on Uber Technologies from $83.00 to $91.00 and gave the stock a "buy" rating in a report on Friday, February 16th. Wells Fargo & Company lifted their price objective on Uber Technologies from $90.00 to $95.00 and gave the stock an "overweight" rating in a research note on Monday, April 8th. Finally, JPMorgan Chase & Co. lifted their price objective on Uber Technologies from $84.00 to $95.00 and gave the stock an "overweight" rating in a research note on Thursday, February 15th. Two equities research analysts have rated the stock with a hold rating and twenty-nine have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $78.94.

Uber Technologies Stock Down 0.4 %

Shares of NYSE:UBER traded down $0.26 during trading on Friday, reaching $69.05. 16,187,639 shares of the stock were exchanged, compared to its average volume of 17,118,054. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.19 and a quick ratio of 1.19. Uber Technologies, Inc. has a 1-year low of $29.22 and a 1-year high of $82.14. The stock has a fifty day moving average of $76.30 and a two-hundred day moving average of $64.60. The firm has a market cap of $143.72 billion, a price-to-earnings ratio of 80.29, a price-to-earnings-growth ratio of 1.09 and a beta of 1.36.

Uber Technologies (NYSE:UBER - Get Free Report) last issued its earnings results on Wednesday, February 7th. The ride-sharing company reported $0.66 earnings per share for the quarter, topping analysts' consensus estimates of $0.16 by $0.50. Uber Technologies had a return on equity of 18.95% and a net margin of 5.06%. The company had revenue of $9.94 billion for the quarter, compared to analyst estimates of $9.76 billion. During the same period in the prior year, the firm earned $0.29 earnings per share. Uber Technologies's revenue for the quarter was up 15.4% on a year-over-year basis. Research analysts anticipate that Uber Technologies, Inc. will post 1.22 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, 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 completion of the sale, the insider now owns 107,290 shares in the company, valued at $8,350,380.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other Uber Technologies news, insider Tony West sold 18,750 shares of the company'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 transaction, the insider now owns 185,566 shares in the company, valued at approximately $13,004,465.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jill Hazelbaker sold 20,000 shares of the company's stock in a transaction on Wednesday, February 14th. The shares were sold at an average price of $77.83, for a total value of $1,556,600.00. Following the completion of the transaction, the insider now owns 107,290 shares of the company's stock, valued at approximately $8,350,380.70. The disclosure for this sale can be found here. 3.84% of the stock is currently owned by corporate insiders.

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.