State of New Jersey Common Pension Fund D Increases Position in Uber Technologies, Inc. (NYSE:UBER)

State of New Jersey Common Pension Fund D increased its stake in shares of Uber Technologies, Inc. (NYSE:UBER) by 0.2% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 692,635 shares of the ride-sharing company’s stock after buying an additional 1,440 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Uber Technologies were worth $52,058,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Empirical Finance LLC boosted its position in shares of Uber Technologies by 99.0% in the 1st quarter. Empirical Finance LLC now owns 6,466 shares of the ride-sharing company’s stock worth $498,000 after buying an additional 3,217 shares in the last quarter. Abbrea Capital LLC acquired a new stake in Uber Technologies during the first quarter worth approximately $235,000. NorthRock Partners LLC acquired a new position in Uber Technologies in the 1st quarter valued at $403,000. Meeder Asset Management Inc. lifted its stake in shares of Uber Technologies by 122.5% during the 1st quarter. Meeder Asset Management Inc. now owns 8,308 shares of the ride-sharing company’s stock worth $640,000 after purchasing an additional 4,574 shares during the period. Finally, Meeder Advisory Services Inc. boosted its holdings in shares of Uber Technologies by 4.4% during the first quarter. Meeder Advisory Services Inc. now owns 24,848 shares of the ride-sharing company’s stock worth $1,913,000 after purchasing an additional 1,045 shares during the last quarter. 80.24% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the company. Loop Capital increased their target price on Uber Technologies from $84.00 to $86.00 and gave the stock a “buy” rating in a research report on Wednesday. JMP Securities increased their price objective on shares of Uber Technologies from $80.00 to $95.00 and gave the stock a “market outperform” rating in a report on Friday, November 1st. Melius initiated coverage on shares of Uber Technologies in a report on Monday, July 22nd. They issued a “hold” rating and a $77.00 target price for the company. Melius Research assumed coverage on shares of Uber Technologies in a research note on Monday, July 22nd. They set a “hold” rating and a $77.00 price target on the stock. Finally, Daiwa America cut shares of Uber Technologies from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 17th. Six research analysts have rated the stock with a hold rating, thirty-two have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $90.32.

Uber Technologies Stock Performance

NYSE:UBER traded down $1.09 during midday trading on Friday, reaching $72.04. 20,152,597 shares of the company traded hands, compared to its average volume of 20,639,972. The firm has a market capitalization of $151.70 billion, a price-to-earnings ratio of 35.84, a price-to-earnings-growth ratio of 0.72 and a beta of 1.34. The company has a fifty day moving average price of $75.45 and a 200 day moving average price of $70.96. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.41 and a quick ratio of 1.41. Uber Technologies, Inc. has a twelve month low of $49.02 and a twelve month high of $87.00.

Uber Technologies (NYSE:UBER) last issued its quarterly earnings data on Thursday, October 31st. The ride-sharing company reported $1.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.41 by $0.79. Uber Technologies had a return on equity of 33.46% and a net margin of 10.49%. The business had revenue of $11.19 billion during the quarter, compared to analyst estimates of $10.99 billion. During the same period in the prior year, the company posted $0.10 EPS. The business’s revenue for the quarter was up 20.4% compared to the same quarter last year. On average, analysts expect that Uber Technologies, Inc. will post 1.83 EPS for the current fiscal year.

Insider Buying and Selling

In other Uber Technologies news, insider Jill Hazelbaker sold 40,000 shares of the company’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $72.00, for a total value of $2,880,000.00. Following the completion of the sale, the insider now directly owns 127,352 shares of the company’s stock, valued at approximately $9,169,344. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 3.84% of the stock is owned by corporate 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.