National Pension Service Acquires 68,353 Shares of Uber Technologies, Inc. (NYSE:UBER)

National Pension Service increased its position in Uber Technologies, Inc. (NYSE:UBER) by 1.8% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 3,855,816 shares of the ride-sharing company’s stock after purchasing an additional 68,353 shares during the period. National Pension Service’s holdings in Uber Technologies were worth $232,583,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. AMF Tjanstepension AB purchased a new position in shares of Uber Technologies during the 3rd quarter worth about $163,468,000. Allworth Financial LP boosted its position in shares of Uber Technologies by 12.9% in the 3rd quarter. Allworth Financial LP now owns 18,718 shares of the ride-sharing company’s stock worth $1,407,000 after purchasing an additional 2,135 shares in the last quarter. Modera Wealth Management LLC lifted its stake in shares of Uber Technologies by 13.1% during the third quarter. Modera Wealth Management LLC now owns 5,157 shares of the ride-sharing company’s stock worth $388,000 after buying an additional 597 shares during the period. Autumn Glory Partners LLC raised its position in Uber Technologies by 100.0% during the 3rd quarter. Autumn Glory Partners LLC now owns 6,460 shares of the ride-sharing company’s stock worth $486,000 after buying an additional 3,230 shares during the last quarter. Finally, Strategic Wealth Investment Group LLC lifted its position in Uber Technologies by 48.4% during the third quarter. Strategic Wealth Investment Group LLC now owns 165,805 shares of the ride-sharing company’s stock valued at $12,309,000 after purchasing an additional 54,084 shares during the period. 80.24% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. UBS Group reiterated a “buy” rating on shares of Uber Technologies in a research report on Friday. KeyCorp reduced their price target on shares of Uber Technologies from $90.00 to $85.00 and set an “overweight” rating on the stock in a research report on Friday, November 1st. Benchmark reissued a “hold” rating on shares of Uber Technologies in a research note on Friday, January 31st. Wolfe Research boosted their price objective on Uber Technologies from $90.00 to $92.00 and gave the stock an “outperform” rating in a research report on Friday, January 3rd. Finally, Gordon Haskett raised Uber Technologies from a “hold” rating to a “buy” rating and set a $85.00 target price on the stock in a research report on Thursday, October 31st. Eight research analysts have rated the stock with a hold rating, twenty-seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Uber Technologies has a consensus rating of “Moderate Buy” and an average target price of $90.94.

Insider Transactions at Uber Technologies

In related news, insider Jill Hazelbaker sold 31,000 shares of Uber Technologies 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 transaction, the insider now owns 86,973 shares in the company, valued at approximately $7,046,552.46. This trade represents a 26.28 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 3.80% of the company’s stock.

Uber Technologies Stock Performance

NYSE UBER opened at $74.97 on Wednesday. Uber Technologies, Inc. has a 1-year low of $54.84 and a 1-year high of $87.00. The company has a market capitalization of $156.61 billion, a P/E ratio of 16.44, a PEG ratio of 0.89 and a beta of 1.39. The business has a 50 day moving average price of $68.65 and a 200 day moving average price of $71.44. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.07 and a quick ratio of 1.41.

Uber Technologies (NYSE:UBER) last issued 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%. Sell-side analysts expect 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.