Public Employees Retirement System of Ohio Has $52.11 Million Position in Uber Technologies, Inc. (NYSE:UBER)

Public Employees Retirement System of Ohio cut its position in Uber Technologies, Inc. (NYSE:UBER) by 3.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 863,862 shares of the ride-sharing company’s stock after selling 32,362 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Uber Technologies were worth $52,108,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Pacific Point Advisors LLC acquired a new position in Uber Technologies in the 4th quarter valued at $422,000. Neo Ivy Capital Management raised its position in shares of Uber Technologies by 5,831.7% in the 4th quarter. Neo Ivy Capital Management now owns 55,758 shares of the ride-sharing company’s stock valued at $3,363,000 after buying an additional 54,818 shares in the last quarter. Hudson Value Partners LLC lifted its holdings in shares of Uber Technologies by 1.1% during the 4th quarter. Hudson Value Partners LLC now owns 21,175 shares of the ride-sharing company’s stock worth $1,277,000 after acquiring an additional 225 shares during the period. GTS Securities LLC boosted its position in shares of Uber Technologies by 107.2% during the 4th quarter. GTS Securities LLC now owns 7,748 shares of the ride-sharing company’s stock worth $467,000 after acquiring an additional 115,218 shares in the last quarter. Finally, Fourth Dimension Wealth LLC bought a new position in Uber Technologies in the fourth quarter valued at approximately $27,000. 80.24% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Uber Technologies news, insider Tony West sold 23,404 shares of Uber Technologies stock in a transaction on Thursday, March 13th. The shares were sold at an average price of $70.27, for a total value of $1,644,599.08. Following the completion of the sale, the insider now directly owns 114,241 shares of the company’s stock, valued at approximately $8,027,715.07. The trade was a 17.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the company’s stock in a transaction dated Thursday, March 20th. The shares were sold at an average price of $75.00, for a total transaction of $206,250.00. Following the transaction, the chief financial officer now owns 22,162 shares in the company, valued at $1,662,150. This represents a 11.04% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 83,788 shares of company stock valued at $6,517,070 in the last ninety days. 3.84% of the stock is owned by company insiders.

Uber Technologies Stock Down 0.8%

Shares of NYSE UBER opened at $87.92 on Friday. The company’s 50 day moving average price is $77.85 and its 200-day moving average price is $72.43. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.41 and a current ratio of 1.07. Uber Technologies, Inc. has a 52-week low of $54.84 and a 52-week high of $93.60. The company has a market capitalization of $183.86 billion, a P/E ratio of 19.28, a price-to-earnings-growth ratio of 0.89 and a beta of 1.43.

Uber Technologies (NYSE:UBER) last released its earnings results on Wednesday, May 7th. The ride-sharing company reported $0.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $0.33. The business had revenue of $11.53 billion for the quarter, compared to analyst estimates of $11.61 billion. Uber Technologies had a net margin of 22.41% and a return on equity of 62.60%. Uber Technologies’s revenue for the quarter was up 13.8% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.32) earnings per share. Equities analysts forecast that Uber Technologies, Inc. will post 2.54 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on UBER. Benchmark reaffirmed a “hold” rating on shares of Uber Technologies in a report on Friday, January 31st. UBS Group raised their price objective on Uber Technologies from $103.00 to $107.00 and gave the company a “buy” rating in a research note on Thursday, May 8th. Fox Advisors downgraded Uber Technologies from an “overweight” rating to an “equal weight” rating in a research note on Tuesday, March 11th. Barclays increased their target price on shares of Uber Technologies from $86.00 to $97.00 and gave the stock an “overweight” rating in a report on Thursday, May 8th. Finally, KeyCorp lifted their price target on shares of Uber Technologies from $80.00 to $90.00 and gave the company an “overweight” rating in a report on Thursday, May 8th. Eleven equities research analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $93.69.

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.