Uber Technologies, Inc. (NYSE:UBER) Shares Purchased by Teacher Retirement System of Texas

Teacher Retirement System of Texas boosted its stake in Uber Technologies, Inc. (NYSE:UBER) by 388.0% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 269,817 shares of the ride-sharing company’s stock after purchasing an additional 214,525 shares during the period. Teacher Retirement System of Texas’ holdings in Uber Technologies were worth $16,275,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently added to or reduced their stakes in the stock. Sandy Spring Bank increased its position in Uber Technologies by 24.1% in the fourth quarter. Sandy Spring Bank now owns 39,617 shares of the ride-sharing company’s stock worth $2,390,000 after buying an additional 7,702 shares during the period. Royal London Asset Management Ltd. increased its position in Uber Technologies by 3.4% in the fourth quarter. Royal London Asset Management Ltd. now owns 874,823 shares of the ride-sharing company’s stock worth $52,769,000 after buying an additional 29,038 shares during the period. GM Advisory Group LLC increased its position in Uber Technologies by 11.1% in the fourth quarter. GM Advisory Group LLC now owns 106,009 shares of the ride-sharing company’s stock worth $6,394,000 after buying an additional 10,592 shares during the period. GCQ FUNDS MANAGEMENT PTY Ltd acquired a new stake in Uber Technologies in the fourth quarter worth $9,497,000. Finally, Investment House LLC increased its position in Uber Technologies by 11.9% in the fourth quarter. Investment House LLC now owns 127,010 shares of the ride-sharing company’s stock worth $7,661,000 after buying an additional 13,515 shares during the period. 80.24% of the stock is owned by institutional investors and hedge funds.

Uber Technologies Stock Up 2.1 %

Shares of Uber Technologies stock opened at $75.94 on Friday. The stock has a 50-day moving average price of $72.64 and a 200 day moving average price of $71.59. The company has a market cap of $158.65 billion, a P/E ratio of 16.65, a P/E/G ratio of 0.89 and a beta of 1.39. The company has a current ratio of 1.07, a quick ratio of 1.41 and a debt-to-equity ratio of 0.37. Uber Technologies, Inc. has a 1 year low of $54.84 and a 1 year high of $87.00.

Uber Technologies (NYSE:UBER) last announced its quarterly earnings data on Wednesday, February 5th. The ride-sharing company reported $3.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.50 by $2.71. Uber Technologies had a return on equity of 62.60% and a net margin of 22.41%. As a group, analysts expect that Uber Technologies, Inc. will post 2.54 EPS for the current fiscal year.

Insider Transactions at Uber Technologies

In other news, insider Jill Hazelbaker sold 31,000 shares of the firm’s stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $81.02, for a total transaction of $2,511,620.00. Following the completion of the sale, the insider now directly owns 86,973 shares of the company’s stock, valued at $7,046,552.46. This trade represents a 26.28 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Tony West sold 23,404 shares of the firm’s stock in a transaction dated Thursday, March 13th. The stock was sold at an average price of $70.27, for a total value of $1,644,599.08. Following the sale, the insider now directly owns 114,241 shares of the company’s stock, valued at $8,027,715.07. This trade represents a 17.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 74,404 shares of company stock valued at $5,587,619 in the last three months. Corporate insiders own 3.84% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on UBER shares. Wells Fargo & Company decreased their price target on Uber Technologies from $90.00 to $87.00 and set an “overweight” rating for the company in a research note on Thursday, February 6th. The Goldman Sachs Group reissued a “buy” rating and issued a $96.00 price target on shares of Uber Technologies in a research note on Thursday, January 2nd. DA Davidson decreased their price target on Uber Technologies from $84.00 to $80.00 and set a “buy” rating for the company in a research note on Thursday, February 6th. UBS Group reissued a “buy” rating on shares of Uber Technologies in a research note on Friday, February 21st. Finally, Fox Advisors cut Uber Technologies from an “overweight” rating to an “equal weight” rating in a research note on Tuesday, March 11th. Ten analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Uber Technologies presently has an average rating of “Moderate Buy” and a consensus target price of $90.31.

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.