State of Alaska Department of Revenue Lowers Stock Position in Uber Technologies, Inc. (NYSE:UBER)

State of Alaska Department of Revenue trimmed its stake in Uber Technologies, Inc. (NYSE:UBER) by 13.8% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 301,035 shares of the ride-sharing company’s stock after selling 48,245 shares during the period. State of Alaska Department of Revenue’s holdings in Uber Technologies were worth $22,625,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently made changes to their positions in the stock. Vanguard Group Inc. raised its position in Uber Technologies by 2.2% in the first quarter. Vanguard Group Inc. now owns 171,253,318 shares of the ride-sharing company’s stock valued at $13,184,793,000 after purchasing an additional 3,623,951 shares during the period. Capital Research Global Investors lifted its stake in Uber Technologies by 8.2% during the 1st quarter. Capital Research Global Investors now owns 39,947,547 shares of the ride-sharing company’s stock worth $3,075,562,000 after acquiring an additional 3,019,431 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its stake in Uber Technologies by 37.8% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 36,425,981 shares of the ride-sharing company’s stock worth $2,804,437,000 after acquiring an additional 9,996,508 shares in the last quarter. GQG Partners LLC grew its position in Uber Technologies by 74.1% in the 1st quarter. GQG Partners LLC now owns 22,423,451 shares of the ride-sharing company’s stock valued at $1,726,381,000 after acquiring an additional 9,541,366 shares in the last quarter. Finally, Legal & General Group Plc increased its stake in Uber Technologies by 1.6% during the second quarter. Legal & General Group Plc now owns 15,238,477 shares of the ride-sharing company’s stock worth $1,107,529,000 after purchasing an additional 237,976 shares during the period. Hedge funds and other institutional investors own 80.24% of the company’s stock.

Insider Buying and Selling at Uber Technologies

In other news, insider Jill Hazelbaker sold 40,000 shares of the company’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $72.00, for a total transaction of $2,880,000.00. Following the completion of the sale, the insider now owns 127,352 shares in the company, valued at $9,169,344. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 3.84% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on UBER shares. Loop Capital raised their price objective on shares of Uber Technologies from $83.00 to $84.00 and gave the company a “buy” rating in a research note on Tuesday, September 3rd. DA Davidson reissued a “buy” rating and issued a $82.00 price target on shares of Uber Technologies in a research report on Thursday, October 17th. Bank of America boosted their price target on shares of Uber Technologies from $88.00 to $96.00 and gave the stock a “buy” rating in a research note on Wednesday. Raymond James assumed coverage on Uber Technologies in a research note on Tuesday, September 24th. They issued a “strong-buy” rating and a $90.00 price objective on the stock. Finally, Jefferies Financial Group boosted their target price on Uber Technologies from $100.00 to $105.00 and gave the stock a “buy” rating in a research note on Tuesday, October 22nd. Seven analysts have rated the stock with a hold rating, thirty-one have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Uber Technologies currently has a consensus rating of “Moderate Buy” and a consensus price target of $88.86.

Uber Technologies Stock Down 1.0 %

UBER stock opened at $77.62 on Friday. The company has a market cap of $162.19 billion, a price-to-earnings ratio of 125.19, a price-to-earnings-growth ratio of 1.40 and a beta of 1.33. The company has a fifty day moving average price of $75.09 and a 200 day moving average price of $70.80. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.21 and a quick ratio of 1.21. Uber Technologies, Inc. has a 12 month low of $40.09 and a 12 month high of $87.00.

Uber Technologies (NYSE:UBER) last announced its earnings results on Tuesday, August 6th. The ride-sharing company reported $0.47 EPS for the quarter, beating analysts’ consensus estimates of $0.31 by $0.16. Uber Technologies had a net margin of 5.02% and a return on equity of 17.06%. The business had revenue of $10.70 billion during the quarter, compared to analysts’ expectations of $10.57 billion. During the same period in the prior year, the company earned $0.18 earnings per share. The business’s revenue was up 15.9% compared to the same quarter last year. Sell-side analysts expect that Uber Technologies, Inc. will post 1.08 earnings per share for the current year.

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.