Commonwealth of Pennsylvania Public School Empls Retrmt SYS Has $27.01 Million Stock Position in Uber Technologies, Inc. (NYSE:UBER)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS cut its position in Uber Technologies, Inc. (NYSE:UBER) by 2.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 447,737 shares of the ride-sharing company’s stock after selling 9,617 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Uber Technologies were worth $27,007,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in UBER. Welch & Forbes LLC increased its stake in shares of Uber Technologies by 3.9% in the fourth quarter. Welch & Forbes LLC now owns 3,936 shares of the ride-sharing company’s stock valued at $237,000 after buying an additional 148 shares in the last quarter. Carlton Hofferkamp & Jenks Wealth Management LLC increased its position in Uber Technologies by 3.5% in the 4th quarter. Carlton Hofferkamp & Jenks Wealth Management LLC now owns 4,381 shares of the ride-sharing company’s stock valued at $282,000 after acquiring an additional 150 shares in the last quarter. Canopy Partners LLC raised its stake in shares of Uber Technologies by 2.2% in the third quarter. Canopy Partners LLC now owns 6,958 shares of the ride-sharing company’s stock worth $523,000 after acquiring an additional 151 shares during the last quarter. Drive Wealth Management LLC lifted its position in shares of Uber Technologies by 3.1% during the fourth quarter. Drive Wealth Management LLC now owns 5,172 shares of the ride-sharing company’s stock worth $312,000 after purchasing an additional 155 shares in the last quarter. Finally, Institute for Wealth Management LLC. lifted its position in shares of Uber Technologies by 2.4% during the fourth quarter. Institute for Wealth Management LLC. now owns 6,606 shares of the ride-sharing company’s stock worth $398,000 after purchasing an additional 155 shares in the last quarter. 80.24% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Uber Technologies news, SVP Nikki Krishnamurthy sold 20,000 shares of the business’s stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $71.57, for a total transaction of $1,431,400.00. Following the sale, the senior vice president now directly owns 361,908 shares of the company’s stock, valued at $25,901,755.56. The trade was a 5.24 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Tony West sold 23,404 shares of the firm’s stock in a transaction dated 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 owns 114,241 shares of the company’s stock, valued at $8,027,715.07. The trade was a 17.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 74,404 shares of company stock valued at $5,587,619 in the last quarter. 3.84% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. UBS Group restated a “buy” rating on shares of Uber Technologies in a research report on Friday, February 21st. Wolfe Research lifted their target price on Uber Technologies from $90.00 to $92.00 and gave the company an “outperform” rating in a research note on Friday, January 3rd. Needham & Company LLC reaffirmed a “buy” rating and set a $90.00 price target on shares of Uber Technologies in a research note on Wednesday, February 5th. Arete Research upgraded Uber Technologies to a “hold” rating in a research report on Tuesday, February 18th. Finally, The Goldman Sachs Group reissued a “buy” rating and set a $96.00 price objective on shares of Uber Technologies in a report on Thursday, January 2nd. Ten research analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $90.31.

Uber Technologies Price Performance

Shares of NYSE UBER opened at $74.33 on Friday. The company has a fifty day moving average price of $72.44 and a 200 day moving average price of $71.57. The firm has a market cap of $155.27 billion, a PE ratio of 16.30, a PEG ratio of 0.89 and a beta of 1.39. The company has a current ratio of 1.07, a quick ratio of 1.41 and a debt-to-equity ratio of 0.37. Uber Technologies, Inc. has a 1-year low of $54.84 and a 1-year high of $87.00.

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

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.