Uber Technologies, Inc. (NYSE:UBER) Shares Sold by Kentucky Retirement Systems

Kentucky Retirement Systems decreased its stake in Uber Technologies, Inc. (NYSE:UBER) by 1.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 144,374 shares of the ride-sharing company’s stock after selling 1,989 shares during the period. Kentucky Retirement Systems’ holdings in Uber Technologies were worth $8,709,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Bray Capital Advisors lifted its stake in shares of Uber Technologies by 1.0% in the fourth quarter. Bray Capital Advisors now owns 31,879 shares of the ride-sharing company’s stock valued at $1,923,000 after purchasing an additional 308 shares during the period. ING Groep NV raised its position in Uber Technologies by 1.0% during the fourth quarter. ING Groep NV now owns 329,337 shares of the ride-sharing company’s stock worth $19,866,000 after acquiring an additional 3,260 shares during the last quarter. Flossbach Von Storch SE raised its position in Uber Technologies by 61.5% during the fourth quarter. Flossbach Von Storch SE now owns 1,274,740 shares of the ride-sharing company’s stock worth $76,892,000 after acquiring an additional 485,496 shares during the last quarter. Citizens National Bank Trust Department raised its position in Uber Technologies by 56.6% during the fourth quarter. Citizens National Bank Trust Department now owns 15,369 shares of the ride-sharing company’s stock worth $927,000 after acquiring an additional 5,554 shares during the last quarter. Finally, Zullo Investment Group Inc. raised its position in Uber Technologies by 7.3% during the fourth quarter. Zullo Investment Group Inc. now owns 16,291 shares of the ride-sharing company’s stock worth $983,000 after acquiring an additional 1,115 shares during the last quarter. Institutional investors and hedge funds own 80.24% of the company’s stock.

Wall Street Analysts Forecast Growth

UBER has been the subject of a number of research reports. Loop Capital lifted their target price on shares of Uber Technologies from $84.00 to $86.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. Citigroup cut their target price on shares of Uber Technologies from $98.00 to $92.00 and set a “buy” rating for the company in a research report on Thursday, February 6th. Wolfe Research lifted their target price on shares of Uber Technologies from $90.00 to $92.00 and gave the stock an “outperform” rating in a research report on Friday, January 3rd. UBS Group cut their price objective on shares of Uber Technologies from $114.00 to $107.00 and set a “buy” rating for the company in a research report on Monday, February 3rd. Finally, Truist Financial cut their price objective on shares of Uber Technologies from $99.00 to $95.00 and set a “buy” rating for the company in a research report on Friday, November 1st. Eight analysts have rated the stock with a hold rating, twenty-eight have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Uber Technologies has a consensus rating of “Moderate Buy” and a consensus target price of $90.91.

Uber Technologies Trading Up 0.3 %

NYSE UBER opened at $81.37 on Friday. The company’s fifty day simple moving average is $67.67 and its 200-day simple moving average is $71.11. Uber Technologies, Inc. has a 52 week low of $54.84 and a 52 week high of $87.00. The company has a current ratio of 1.07, a quick ratio of 1.41 and a debt-to-equity ratio of 0.37. The stock has a market cap of $169.97 billion, a P/E ratio of 17.84, a PEG ratio of 0.89 and a beta of 1.39.

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

Insider Transactions at Uber Technologies

In related news, insider Jill Hazelbaker sold 31,000 shares of the company’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $81.02, for a total value of $2,511,620.00. Following the sale, the insider now directly owns 86,973 shares of the company’s stock, valued at $7,046,552.46. This represents a 26.28 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 3.84% of the company’s stock.

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.