Utah Retirement Systems Has $20.34 Million Position in Uber Technologies, Inc. (NYSE:UBER)

Utah Retirement Systems raised its stake in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 1.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 337,246 shares of the ride-sharing company's stock after buying an additional 4,700 shares during the period. Utah Retirement Systems' holdings in Uber Technologies were worth $20,343,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of UBER. Soros Fund Management LLC boosted its position in shares of Uber Technologies by 44.1% during the 4th quarter. Soros Fund Management LLC now owns 903,885 shares of the ride-sharing company's stock valued at $54,522,000 after purchasing an additional 276,674 shares in the last quarter. Jericho Capital Asset Management L.P. bought a new position in shares of Uber Technologies during the 4th quarter valued at about $298,644,000. PDT Partners LLC boosted its position in shares of Uber Technologies by 527.1% during the 4th quarter. PDT Partners LLC now owns 58,200 shares of the ride-sharing company's stock valued at $3,511,000 after purchasing an additional 48,919 shares in the last quarter. Schonfeld Strategic Advisors LLC boosted its position in shares of Uber Technologies by 4,228.2% during the 4th quarter. Schonfeld Strategic Advisors LLC now owns 713,195 shares of the ride-sharing company's stock valued at $43,020,000 after purchasing an additional 696,717 shares in the last quarter. Finally, AQR Capital Management LLC boosted its position in shares of Uber Technologies by 270.2% during the 4th quarter. AQR Capital Management LLC now owns 1,666,154 shares of the ride-sharing company's stock valued at $100,502,000 after purchasing an additional 1,216,124 shares in the last quarter. Institutional investors and hedge funds own 80.24% of the company's stock.

Uber Technologies Stock Performance

Shares of NYSE UBER traded down $0.15 during mid-day trading on Thursday, hitting $80.87. The company had a trading volume of 18,689,830 shares, compared to its average volume of 20,242,543. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.07 and a quick ratio of 1.41. The business's 50-day simple moving average is $73.55 and its 200-day simple moving average is $71.48. Uber Technologies, Inc. has a 12 month low of $54.84 and a 12 month high of $87.00. The firm has a market cap of $169.15 billion, a P/E ratio of 17.73, a PEG ratio of 0.89 and a beta of 1.37.

Uber Technologies (NYSE:UBER - Get Free Report) last released its earnings results on Wednesday, February 5th. The ride-sharing company reported $3.21 earnings per share for the quarter, beating the consensus estimate of $0.50 by $2.71. Uber Technologies had a net margin of 22.41% and a return on equity of 62.60%. As a group, analysts predict that Uber Technologies, Inc. will post 2.54 earnings per share for the current fiscal year.

Analyst Ratings Changes

UBER has been the subject of several recent analyst reports. Wells Fargo & Company raised their target price on shares of Uber Technologies from $87.00 to $90.00 and gave the stock an "overweight" rating in a report on Thursday, April 3rd. Royal Bank of Canada reiterated an "outperform" rating and issued a $82.00 target price on shares of Uber Technologies in a report on Thursday, February 6th. Benchmark reiterated a "hold" rating on shares of Uber Technologies in a report on Friday, January 31st. Piper Sandler reiterated an "overweight" rating and issued a $87.00 target price (up from $80.00) on shares of Uber Technologies in a report on Tuesday, February 18th. Finally, Needham & Company LLC reiterated a "buy" rating and issued a $90.00 target price on shares of Uber Technologies in a report on Wednesday, April 9th. Ten analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $89.81.

Insiders Place Their Bets

In other news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the firm's stock in a transaction that occurred on Thursday, March 20th. The shares were sold at an average price of $75.00, for a total transaction of $206,250.00. Following the completion of the sale, the chief financial officer now owns 22,162 shares of the company's stock, valued at approximately $1,662,150. This trade represents a 11.04 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Jill Hazelbaker sold 31,000 shares of the firm's stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $81.02, for a total transaction of $2,511,620.00. Following the completion of the sale, the insider now directly owns 86,973 shares of the company's stock, valued at approximately $7,046,552.46. This represents a 26.28 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 77,154 shares of company stock worth $5,793,869 over the last quarter. Company insiders own 3.70% of the company's stock.

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.