Teachers Retirement System of The State of Kentucky Has $17.81 Million Stock Position in Uber Technologies, Inc. (NYSE:UBER)

Teachers Retirement System of The State of Kentucky lessened its holdings in Uber Technologies, Inc. (NYSE:UBER) by 8.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 295,292 shares of the ride-sharing company’s stock after selling 26,434 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Uber Technologies were worth $17,811,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Tower Research Capital LLC TRC raised its holdings in Uber Technologies by 157.1% during the fourth quarter. Tower Research Capital LLC TRC now owns 135,614 shares of the ride-sharing company’s stock valued at $8,180,000 after buying an additional 82,860 shares in the last quarter. Timelo Investment Management Inc. acquired a new position in shares of Uber Technologies during the 4th quarter valued at about $1,508,000. Transce3nd LLC bought a new position in shares of Uber Technologies in the 4th quarter valued at approximately $27,000. Tradition Wealth Management LLC lifted its holdings in Uber Technologies by 33.2% in the 4th quarter. Tradition Wealth Management LLC now owns 18,176 shares of the ride-sharing company’s stock worth $1,096,000 after purchasing an additional 4,530 shares during the last quarter. Finally, Trajan Wealth LLC lifted its holdings in Uber Technologies by 4.2% in the 4th quarter. Trajan Wealth LLC now owns 193,668 shares of the ride-sharing company’s stock worth $11,682,000 after purchasing an additional 7,829 shares during the last quarter. 80.24% of the stock is currently owned by institutional investors.

Insider Activity

In other news, SVP Nikki Krishnamurthy sold 20,000 shares of the firm’s stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $71.57, for a total value of $1,431,400.00. Following the completion of the transaction, the senior vice president now owns 361,908 shares in the company, valued at $25,901,755.56. This trade represents a 5.24 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Jill Hazelbaker sold 31,000 shares of the company’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $81.02, for a total value of $2,511,620.00. Following the completion of the sale, the insider now directly owns 86,973 shares in the company, valued at approximately $7,046,552.46. The trade was a 26.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 77,154 shares of company stock valued at $5,793,869. Company insiders own 3.84% of the company’s stock.

Wall Street Analyst Weigh In

UBER has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. dropped their price target on shares of Uber Technologies from $90.00 to $80.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 8th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $80.00 target price on shares of Uber Technologies in a research note on Wednesday, April 16th. Citigroup cut their target price on shares of Uber Technologies from $98.00 to $92.00 and set a “buy” rating for the company in a research report on Thursday, February 6th. DA Davidson dropped their price objective on Uber Technologies from $84.00 to $80.00 and set a “buy” rating on the stock in a research note on Thursday, February 6th. Finally, The Goldman Sachs Group reissued a “buy” rating and set a $96.00 price objective on shares of Uber Technologies in a research report on Thursday, January 2nd. Ten analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Uber Technologies has an average rating of “Moderate Buy” and an average price target of $89.81.

Uber Technologies Stock Performance

NYSE:UBER opened at $75.28 on Monday. The business has a 50 day moving average price of $74.06 and a 200-day moving average price of $71.44. Uber Technologies, Inc. has a fifty-two week low of $54.84 and a fifty-two week high of $87.00. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.41 and a current ratio of 1.07. The firm has a market cap of $157.47 billion, a PE ratio of 16.51, a price-to-earnings-growth ratio of 0.89 and a beta of 1.37.

Uber Technologies (NYSE:UBER) last issued its quarterly earnings data on Wednesday, February 5th. The ride-sharing company reported $3.21 EPS for the quarter, beating the consensus estimate of $0.50 by $2.71. Uber Technologies had a net margin of 22.41% and a return on equity of 62.60%. Equities research analysts predict that Uber Technologies, Inc. will post 2.54 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.