State of Alaska Department of Revenue Sells 61,005 Shares of Uber Technologies, Inc. (NYSE:UBER)

State of Alaska Department of Revenue trimmed its holdings in Uber Technologies, Inc. (NYSE:UBER) by 20.3% in the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 240,030 shares of the ride-sharing company’s stock after selling 61,005 shares during the quarter. State of Alaska Department of Revenue’s holdings in Uber Technologies were worth $14,478,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of UBER. Geode Capital Management LLC raised its holdings in shares of Uber Technologies by 2.1% during the third quarter. Geode Capital Management LLC now owns 42,500,359 shares of the ride-sharing company’s stock valued at $3,184,013,000 after purchasing an additional 893,652 shares during the last quarter. Edgewood Management LLC grew its position in Uber Technologies by 10.5% in the 3rd quarter. Edgewood Management LLC now owns 27,552,060 shares of the ride-sharing company’s stock worth $2,070,813,000 after purchasing an additional 2,627,768 shares during the period. Jennison Associates LLC raised its stake in Uber Technologies by 36.9% during the 4th quarter. Jennison Associates LLC now owns 26,460,312 shares of the ride-sharing company’s stock valued at $1,596,086,000 after buying an additional 7,137,512 shares during the last quarter. Janus Henderson Group PLC lifted its holdings in shares of Uber Technologies by 18.3% during the 3rd quarter. Janus Henderson Group PLC now owns 13,286,812 shares of the ride-sharing company’s stock valued at $998,767,000 after buying an additional 2,056,273 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of Uber Technologies by 14.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 12,498,209 shares of the ride-sharing company’s stock worth $939,365,000 after acquiring an additional 1,601,747 shares during the period. Hedge funds and other institutional investors own 80.24% of the company’s stock.

Insiders Place Their Bets

In other Uber Technologies news, insider Jill Hazelbaker sold 27,780 shares of the firm’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $72.90, for a total value of $2,025,162.00. Following the completion of the sale, the insider now owns 107,289 shares of the company’s stock, valued at approximately $7,821,368.10. This trade represents a 20.57 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.80% of the stock is currently owned by corporate insiders.

Uber Technologies Price Performance

NYSE UBER opened at $64.50 on Thursday. The company has a market cap of $135.82 billion, a PE ratio of 32.09, a P/E/G ratio of 0.77 and a beta of 1.39. Uber Technologies, Inc. has a 52-week low of $54.84 and a 52-week high of $87.00. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.41 and a current ratio of 1.41. The firm’s 50 day moving average price is $65.46 and its 200-day moving average price is $70.11.

Uber Technologies (NYSE:UBER) last announced its quarterly earnings results on Wednesday, February 5th. The ride-sharing company reported $3.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.50 by $2.71. Uber Technologies had a return on equity of 33.46% and a net margin of 10.49%. Sell-side analysts forecast that Uber Technologies, Inc. will post 1.89 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on UBER. Cantor Fitzgerald increased their target price on Uber Technologies from $75.00 to $80.00 and gave the company an “overweight” rating in a report on Tuesday, January 28th. Citizens Jmp downgraded shares of Uber Technologies from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 2nd. The Goldman Sachs Group reaffirmed a “buy” rating and set a $96.00 target price on shares of Uber Technologies in a report on Thursday, January 2nd. UBS Group dropped their price target on shares of Uber Technologies from $114.00 to $107.00 and set a “buy” rating on the stock in a research note on Monday. Finally, Benchmark restated a “hold” rating on shares of Uber Technologies in a research note on Friday, January 31st. Seven equities research analysts have rated the stock with a hold rating, thirty-one have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Uber Technologies currently has a consensus rating of “Moderate Buy” and a consensus target price of $90.89.

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.