Uber Technologies, Inc. $UBER Holdings Lifted by Teacher Retirement System of Texas

Teacher Retirement System of Texas grew its position in Uber Technologies, Inc. (NYSE:UBER) by 50.2% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 548,051 shares of the ride-sharing company’s stock after purchasing an additional 183,085 shares during the period. Teacher Retirement System of Texas’ holdings in Uber Technologies were worth $51,133,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Y Intercept Hong Kong Ltd grew its position in Uber Technologies by 1,284.6% in the 2nd quarter. Y Intercept Hong Kong Ltd now owns 101,975 shares of the ride-sharing company’s stock worth $9,514,000 after purchasing an additional 94,610 shares during the last quarter. Transcend Capital Advisors LLC grew its position in Uber Technologies by 14.4% in the 2nd quarter. Transcend Capital Advisors LLC now owns 13,439 shares of the ride-sharing company’s stock worth $1,254,000 after purchasing an additional 1,695 shares during the last quarter. Convergence Investment Partners LLC grew its position in Uber Technologies by 43.3% in the 2nd quarter. Convergence Investment Partners LLC now owns 11,000 shares of the ride-sharing company’s stock worth $1,026,000 after purchasing an additional 3,325 shares during the last quarter. Bessemer Group Inc. grew its position in Uber Technologies by 41.9% in the 2nd quarter. Bessemer Group Inc. now owns 46,008 shares of the ride-sharing company’s stock worth $4,293,000 after purchasing an additional 13,592 shares during the last quarter. Finally, Brookwood Investment Group LLC grew its position in Uber Technologies by 73.1% in the 2nd quarter. Brookwood Investment Group LLC now owns 6,380 shares of the ride-sharing company’s stock worth $595,000 after purchasing an additional 2,694 shares during the last quarter. Institutional investors own 80.24% of the company’s stock.

Analyst Ratings Changes

Several research firms have commented on UBER. Royal Bank Of Canada upped their target price on shares of Uber Technologies from $94.00 to $100.00 and gave the stock an “outperform” rating in a research report on Thursday, August 7th. KeyCorp upped their price target on shares of Uber Technologies from $90.00 to $110.00 and gave the stock an “overweight” rating in a research note on Monday, July 14th. Wells Fargo & Company reduced their price target on shares of Uber Technologies from $127.00 to $125.00 and set an “overweight” rating for the company in a research note on Friday, October 3rd. Wedbush reduced their price target on shares of Uber Technologies from $85.00 to $84.00 and set a “neutral” rating for the company in a research note on Thursday, August 7th. Finally, Needham & Company LLC upped their price target on shares of Uber Technologies from $100.00 to $109.00 and gave the stock a “buy” rating in a research note on Monday, July 14th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $105.91.

Insider Activity

In related news, SVP Nikki Krishnamurthy sold 11,571 shares of the firm’s stock in a transaction that occurred on Friday, August 15th. The shares were sold at an average price of $91.74, for a total transaction of $1,061,523.54. Following the completion of the sale, the senior vice president directly owned 416,222 shares in the company, valued at approximately $38,184,206.28. This trade represents a 2.70% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Tony West sold 3,125 shares of the firm’s stock in a transaction that occurred on Monday, October 20th. The stock was sold at an average price of $93.00, for a total transaction of $290,625.00. Following the sale, the insider owned 172,846 shares of the company’s stock, valued at $16,074,678. The trade was a 1.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 604,946 shares of company stock valued at $58,950,116 in the last ninety days. 3.70% of the stock is owned by company insiders.

Uber Technologies Trading Down 0.6%

Shares of NYSE:UBER opened at $94.09 on Monday. The stock has a market capitalization of $196.21 billion, a price-to-earnings ratio of 16.03 and a beta of 1.48. Uber Technologies, Inc. has a 1-year low of $59.33 and a 1-year high of $101.99. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.11 and a current ratio of 1.11. The company has a 50 day moving average price of $95.42 and a 200 day moving average price of $89.67.

Uber Technologies (NYSE:UBER) last issued its earnings results on Wednesday, August 6th. The ride-sharing company reported $0.63 earnings per share for the quarter, topping analysts’ consensus estimates of $0.61 by $0.02. The firm had revenue of $12.65 billion during the quarter, compared to analysts’ expectations of $12.45 billion. Uber Technologies had a net margin of 26.68% and a return on equity of 59.96%. The firm’s revenue for the quarter was up 18.2% compared to the same quarter last year. During the same period last year, the firm posted $0.47 earnings per share. On average, research analysts anticipate that Uber Technologies, Inc. will post 2.54 EPS for the current fiscal 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.