National Pension Service Raises Position in Uber Technologies, Inc. (NYSE:UBER)

National Pension Service boosted its stake in Uber Technologies, Inc. (NYSE:UBER) by 2.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 3,183,873 shares of the ride-sharing company’s stock after buying an additional 76,229 shares during the quarter. National Pension Service owned approximately 0.15% of Uber Technologies worth $196,031,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Cullen Frost Bankers Inc. boosted its position in shares of Uber Technologies by 2.0% in the fourth quarter. Cullen Frost Bankers Inc. now owns 184,290 shares of the ride-sharing company’s stock valued at $11,347,000 after acquiring an additional 3,686 shares during the period. EdgeRock Capital LLC purchased a new position in Uber Technologies in the 4th quarter worth $78,000. Everpar Advisors LLC purchased a new stake in Uber Technologies during the 4th quarter valued at about $580,000. Moss Adams Wealth Advisors LLC grew its holdings in shares of Uber Technologies by 6.1% in the fourth quarter. Moss Adams Wealth Advisors LLC now owns 10,759 shares of the ride-sharing company’s stock worth $662,000 after purchasing an additional 622 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in shares of Uber Technologies by 75.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 10,256,352 shares of the ride-sharing company’s stock valued at $631,484,000 after acquiring an additional 4,402,382 shares during the period. 80.24% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on UBER. BTIG Research lifted their target price on shares of Uber Technologies from $80.00 to $90.00 and gave the company a “buy” rating in a research note on Thursday, February 22nd. Tigress Financial increased their price target on Uber Technologies from $72.00 to $96.00 and gave the company a “buy” rating in a report on Friday, April 19th. Jefferies Financial Group boosted their price objective on shares of Uber Technologies from $95.00 to $100.00 and gave the company a “buy” rating in a research report on Friday, April 5th. Moffett Nathanson reaffirmed a “buy” rating and set a $92.00 price target on shares of Uber Technologies in a report on Thursday, April 11th. Finally, Argus increased their price objective on shares of Uber Technologies from $69.00 to $95.00 and gave the company a “buy” rating in a research report on Monday, March 4th. Two analysts have rated the stock with a hold rating and thirty have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $83.56.

Uber Technologies Trading Up 3.0 %

Shares of UBER traded up $2.02 during mid-day trading on Thursday, reaching $68.42. 14,439,719 shares of the company’s stock traded hands, compared to its average volume of 20,471,324. The stock’s 50-day moving average is $74.80 and its two-hundred day moving average is $65.83. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.19 and a quick ratio of 1.19. The stock has a market cap of $142.41 billion, a P/E ratio of 78.67, a P/E/G ratio of 1.09 and a beta of 1.39. Uber Technologies, Inc. has a 12 month low of $37.07 and a 12 month high of $82.14.

Uber Technologies (NYSE:UBER) last issued its quarterly earnings data on Wednesday, May 8th. The ride-sharing company reported ($0.32) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by ($0.53). The business had revenue of $10.13 billion for the quarter, compared to analysts’ expectations of $10.09 billion. Uber Technologies had a net margin of 5.06% and a return on equity of 18.95%. The business’s quarterly revenue was up 14.8% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.08) earnings per share. Research analysts forecast that Uber Technologies, Inc. will post 1.23 earnings per share for the current fiscal year.

Insider Activity at Uber Technologies

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

Uber Technologies 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.