Illinois Municipal Retirement Fund Cuts Stock Position in Uber Technologies, Inc. (NYSE:UBER)

Illinois Municipal Retirement Fund lessened its stake in Uber Technologies, Inc. (NYSE:UBER) by 3.7% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 218,051 shares of the ride-sharing company’s stock after selling 8,298 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in Uber Technologies were worth $13,425,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. International Assets Investment Management LLC boosted its position in shares of Uber Technologies by 16.1% during the 3rd quarter. International Assets Investment Management LLC now owns 9,514 shares of the ride-sharing company’s stock valued at $429,000 after acquiring an additional 1,318 shares during the last quarter. RFG Advisory LLC acquired a new position in Uber Technologies in the third quarter valued at about $393,000. Leavell Investment Management Inc. acquired a new position in Uber Technologies in the third quarter valued at about $246,000. State of Alaska Department of Revenue lifted its position in Uber Technologies by 1.4% in the third quarter. State of Alaska Department of Revenue now owns 183,255 shares of the ride-sharing company’s stock valued at $8,427,000 after buying an additional 2,555 shares during the last quarter. Finally, Onyx Bridge Wealth Group LLC increased its stake in Uber Technologies by 2.9% during the third quarter. Onyx Bridge Wealth Group LLC now owns 8,689 shares of the ride-sharing company’s stock worth $400,000 after purchasing an additional 245 shares during the period. Institutional investors and hedge funds own 80.24% of the company’s stock.

Uber Technologies Stock Up 2.7 %

Uber Technologies stock traded up $1.86 during mid-day trading on Tuesday, hitting $70.84. The company’s stock had a trading volume of 6,869,470 shares, compared to its average volume of 19,504,688. The firm’s 50 day moving average is $76.89 and its 200 day moving average is $63.94. The company has a market cap of $147.45 billion, a PE ratio of 80.23, a price-to-earnings-growth ratio of 1.10 and a beta of 1.36. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.19 and a quick ratio of 1.19. Uber Technologies, Inc. has a 52-week low of $29.22 and a 52-week high of $82.14.

Uber Technologies (NYSE:UBER) last posted its quarterly earnings results on Wednesday, February 7th. The ride-sharing company reported $0.66 earnings per share for the quarter, topping analysts’ consensus estimates of $0.16 by $0.50. Uber Technologies had a return on equity of 18.95% and a net margin of 5.06%. The company had revenue of $9.94 billion during the quarter, compared to the consensus estimate of $9.76 billion. During the same period last year, the business earned $0.29 EPS. The business’s quarterly revenue was up 15.4% on a year-over-year basis. On average, analysts anticipate that Uber Technologies, Inc. will post 1.22 earnings per share for the current year.

Insider Activity

In other Uber Technologies news, insider Jill Hazelbaker sold 20,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 14th. The stock was sold at an average price of $77.83, for a total value of $1,556,600.00. Following the sale, the insider now owns 107,290 shares of the company’s stock, valued at approximately $8,350,380.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other Uber Technologies news, insider Jill Hazelbaker sold 20,000 shares of Uber Technologies stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $77.83, for a total value of $1,556,600.00. Following the completion of the transaction, the insider now owns 107,290 shares in the company, valued at approximately $8,350,380.70. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Tony West sold 18,750 shares of Uber Technologies stock in a transaction on Monday, February 12th. The shares were sold at an average price of $70.08, for a total value of $1,314,000.00. Following the completion of the transaction, the insider now owns 185,566 shares of the company’s stock, valued at approximately $13,004,465.28. The disclosure for this sale can be found here. 3.80% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of analysts have issued reports on UBER shares. Argus boosted their price target on shares of Uber Technologies from $69.00 to $95.00 and gave the stock a “buy” rating in a research note on Monday, March 4th. Needham & Company LLC reissued a “buy” rating and issued a $90.00 price objective on shares of Uber Technologies in a report on Friday, April 5th. Truist Financial increased their price target on Uber Technologies from $90.00 to $94.00 and gave the stock a “buy” rating in a report on Wednesday, March 27th. BMO Capital Markets increased their price target on Uber Technologies from $82.00 to $92.00 and gave the stock an “outperform” rating in a report on Thursday, February 15th. Finally, Jefferies Financial Group increased their price objective on Uber Technologies from $95.00 to $100.00 and gave the stock a “buy” rating in a research report on Friday, April 5th. Two investment analysts have rated the stock with a hold rating and twenty-nine have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $78.94.

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.