Oregon Public Employees Retirement Fund Acquires 3,540 Shares of Uber Technologies, Inc. (NYSE:UBER)

Oregon Public Employees Retirement Fund raised its holdings in shares of Uber Technologies, Inc. (NYSE:UBER) by 2.0% in the 2nd quarter, Holdings Channel reports. The firm owned 179,433 shares of the ride-sharing company’s stock after purchasing an additional 3,540 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in Uber Technologies were worth $13,041,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the stock. Covenant Asset Management LLC increased its holdings in Uber Technologies by 0.3% during the 1st quarter. Covenant Asset Management LLC now owns 52,971 shares of the ride-sharing company’s stock worth $4,078,000 after purchasing an additional 157 shares during the period. Hilltop Holdings Inc. raised its holdings in shares of Uber Technologies by 2.9% in the fourth quarter. Hilltop Holdings Inc. now owns 5,634 shares of the ride-sharing company’s stock valued at $347,000 after acquiring an additional 157 shares in the last quarter. Sivia Capital Partners LLC lifted its stake in Uber Technologies by 3.3% in the first quarter. Sivia Capital Partners LLC now owns 4,882 shares of the ride-sharing company’s stock worth $376,000 after acquiring an additional 157 shares during the period. Wellington Shields Capital Management LLC grew its holdings in Uber Technologies by 6.1% during the 1st quarter. Wellington Shields Capital Management LLC now owns 2,756 shares of the ride-sharing company’s stock worth $212,000 after acquiring an additional 159 shares in the last quarter. Finally, Industrial Alliance Investment Management Inc. increased its position in Uber Technologies by 3.2% during the 1st quarter. Industrial Alliance Investment Management Inc. now owns 5,170 shares of the ride-sharing company’s stock valued at $398,000 after purchasing an additional 160 shares during the period. 80.24% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Uber Technologies

In related news, insider Tony West sold 89,234 shares of the stock in a transaction on Thursday, June 6th. The stock was sold at an average price of $68.18, for a total value of $6,083,974.12. Following the completion of the transaction, the insider now directly owns 124,945 shares of the company’s stock, valued at approximately $8,518,750.10. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, insider Tony West sold 89,234 shares of the business’s stock in a transaction dated Thursday, June 6th. The shares were sold at an average price of $68.18, for a total transaction of $6,083,974.12. Following the transaction, the insider now directly owns 124,945 shares in the company, valued at $8,518,750.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Dara Khosrowshahi sold 500,000 shares of the company’s stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $71.91, for a total transaction of $35,955,000.00. Following the sale, the chief executive officer now directly owns 1,266,114 shares of the company’s stock, valued at approximately $91,046,257.74. The disclosure for this sale can be found here. Insiders sold 617,234 shares of company stock valued at $44,017,734 over the last quarter. 3.84% of the stock is currently owned by insiders.

Uber Technologies Stock Performance

Shares of UBER stock opened at $71.93 on Wednesday. The stock has a market cap of $151.11 billion, a PE ratio of 116.01, a price-to-earnings-growth ratio of 1.31 and a beta of 1.33. Uber Technologies, Inc. has a 52-week low of $40.09 and a 52-week high of $82.14. The business has a 50-day simple moving average of $69.56 and a 200-day simple moving average of $71.32. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.72.

Uber Technologies (NYSE:UBER) last released its earnings results on Tuesday, August 6th. The ride-sharing company reported $0.47 EPS for the quarter, topping analysts’ consensus estimates of $0.31 by $0.16. The business had revenue of $10.70 billion during the quarter, compared to analysts’ expectations of $10.57 billion. Uber Technologies had a net margin of 5.02% and a return on equity of 17.06%. The company’s quarterly revenue was up 15.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.18 earnings per share. On average, equities analysts expect that Uber Technologies, Inc. will post 1.05 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the stock. UBS Group lowered their price target on shares of Uber Technologies from $100.00 to $95.00 and set a “buy” rating for the company in a research report on Thursday, May 9th. Melius began coverage on Uber Technologies in a research report on Monday, July 22nd. They set a “hold” rating and a $77.00 target price on the stock. Piper Sandler lifted their price target on Uber Technologies from $86.00 to $88.00 and gave the company an “overweight” rating in a report on Tuesday, June 25th. BMO Capital Markets restated an “outperform” rating and set a $92.00 price objective on shares of Uber Technologies in a research note on Tuesday, July 30th. Finally, Wolfe Research initiated coverage on Uber Technologies in a research note on Tuesday, July 16th. They issued an “outperform” rating and a $90.00 target price on the stock. Four equities research analysts have rated the stock with a hold rating and thirty have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $87.53.

Uber Technologies Company 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.