Kentucky Retirement Systems Insurance Trust Fund Acquires Shares of 73,313 Uber Technologies, Inc. (NYSE:UBER)

Kentucky Retirement Systems Insurance Trust Fund acquired a new stake in Uber Technologies, Inc. (NYSE:UBER - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 73,313 shares of the ride-sharing company's stock, valued at approximately $4,514,000.

Several other large investors also recently modified their holdings of the business. New York State Teachers Retirement System raised its stake in shares of Uber Technologies by 70.3% in the 3rd quarter. New York State Teachers Retirement System now owns 40,163 shares of the ride-sharing company's stock valued at $1,847,000 after purchasing an additional 16,576 shares in the last quarter. Yousif Capital Management LLC lifted its holdings in Uber Technologies by 4.6% during the 3rd quarter. Yousif Capital Management LLC now owns 26,555 shares of the ride-sharing company's stock worth $1,221,000 after buying an additional 1,165 shares during the last quarter. Fifth Third Bancorp grew its position in shares of Uber Technologies by 637.2% in the 3rd quarter. Fifth Third Bancorp now owns 44,647 shares of the ride-sharing company's stock worth $2,053,000 after acquiring an additional 38,591 shares in the last quarter. Allworth Financial LP increased its stake in Uber Technologies by 62.8% during the third quarter. Allworth Financial LP now owns 13,878 shares of the ride-sharing company's stock valued at $638,000 after purchasing an additional 5,352 shares during the last quarter. Finally, Teacher Retirement System of Texas raised its stake in Uber Technologies by 67.1% during the third quarter. Teacher Retirement System of Texas now owns 357,400 shares of the ride-sharing company's stock worth $16,437,000 after acquiring an additional 143,541 shares during the period. 80.24% of the stock is currently owned by institutional investors and hedge funds.

Uber Technologies Stock Down 0.6 %

NYSE UBER traded down $0.38 during trading on Friday, reaching $65.67. The company's stock had a trading volume of 15,703,320 shares, compared to its average volume of 24,259,194. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.80. The stock has a market capitalization of $137.22 billion, a PE ratio of 105.92, a PEG ratio of 1.39 and a beta of 1.39. Uber Technologies, Inc. has a 1-year low of $37.07 and a 1-year high of $82.14. The business has a 50-day moving average price of $72.94 and a 200-day moving average price of $67.00.

Uber Technologies (NYSE:UBER - Get Free Report) last released its quarterly earnings data on Wednesday, May 8th. The ride-sharing company reported ($0.32) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by ($0.53). Uber Technologies had a net margin of 3.60% and a return on equity of 12.81%. The business had revenue of $10.13 billion during the quarter, compared to analyst estimates of $10.09 billion. During the same period in the previous year, the firm posted ($0.08) EPS. The firm's revenue for the quarter was up 14.8% on a year-over-year basis. On average, research analysts forecast that Uber Technologies, Inc. will post 0.88 earnings per share for the current fiscal year.

Insider Transactions at Uber Technologies

In other news, insider Tony West sold 18,750 shares of Uber Technologies stock in a transaction that occurred on Monday, May 13th. The shares were sold at an average price of $65.63, for a total value of $1,230,562.50. Following the transaction, the insider now owns 206,338 shares of the company's stock, valued at $13,541,962.94. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, insider Tony West sold 18,750 shares of Uber Technologies stock in a transaction dated Monday, May 13th. The stock was sold at an average price of $65.63, for a total value of $1,230,562.50. Following the transaction, the insider now directly owns 206,338 shares in the company, valued at $13,541,962.94. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Dara Khosrowshahi sold 500,000 shares of the stock in a transaction that occurred on Friday, May 17th. The shares were sold at an average price of $65.93, for a total value of $32,965,000.00. Following the sale, the chief executive officer now owns 1,656,996 shares of the company's stock, valued at approximately $109,245,746.28. The disclosure for this sale can be found here. 3.84% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

UBER has been the subject of several recent analyst reports. KeyCorp increased their price target on Uber Technologies from $79.00 to $90.00 and gave the stock an "overweight" rating in a research note on Thursday, February 15th. TD Cowen dropped their price target on shares of Uber Technologies from $90.00 to $88.00 and set a "buy" rating on the stock in a research report on Thursday, May 9th. JMP Securities reiterated a "market outperform" rating and issued a $80.00 price objective on shares of Uber Technologies in a report on Thursday. Wells Fargo & Company lowered their price objective on shares of Uber Technologies from $95.00 to $89.00 and set an "overweight" rating on the stock in a research note on Thursday, May 9th. Finally, Truist Financial upped their target price on Uber Technologies from $90.00 to $94.00 and gave the stock a "buy" rating in a research report on Wednesday, March 27th. Two research analysts have rated the stock with a hold rating and thirty have assigned a buy rating to the company's stock. According to MarketBeat.com, Uber Technologies has an average rating of "Moderate Buy" and an average target price of $84.38.

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.