Texas Permanent School Fund Corp Grows Holdings in Uber Technologies, Inc. (NYSE:UBER)

Texas Permanent School Fund Corp increased its position in shares of Uber Technologies, Inc. (NYSE:UBER) by 0.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 425,378 shares of the ride-sharing company’s stock after buying an additional 494 shares during the period. Texas Permanent School Fund Corp’s holdings in Uber Technologies were worth $32,750,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in Uber Technologies by 34.8% during the 4th quarter. Vanguard Group Inc. now owns 167,629,367 shares of the ride-sharing company’s stock worth $10,320,940,000 after acquiring an additional 43,275,830 shares in the last quarter. Capital World Investors grew its holdings in Uber Technologies by 0.7% during the 4th quarter. Capital World Investors now owns 40,610,127 shares of the ride-sharing company’s stock worth $2,500,366,000 after acquiring an additional 283,802 shares in the last quarter. Capital Research Global Investors grew its holdings in Uber Technologies by 28.4% during the 4th quarter. Capital Research Global Investors now owns 36,928,116 shares of the ride-sharing company’s stock worth $2,273,669,000 after acquiring an additional 8,164,816 shares in the last quarter. Norges Bank acquired a new position in Uber Technologies during the 4th quarter worth $1,415,778,000. Finally, Brown Advisory Inc. grew its holdings in Uber Technologies by 14.7% during the 4th quarter. Brown Advisory Inc. now owns 17,991,630 shares of the ride-sharing company’s stock worth $1,107,745,000 after acquiring an additional 2,307,763 shares in the last quarter. Hedge funds and other institutional investors own 80.24% of the company’s stock.

Insider Activity

In other news, insider Tony West sold 18,750 shares of the business’s stock in a transaction that occurred on Monday, May 13th. The shares were sold at an average price of $65.63, for a total transaction of $1,230,562.50. Following the sale, the insider now owns 206,338 shares in the company, valued at $13,541,962.94. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CEO Dara Khosrowshahi sold 500,000 shares of the business’s stock in a transaction that occurred on Friday, May 17th. The shares were sold at an average price of $65.93, for a total transaction of $32,965,000.00. Following the transaction, the chief executive officer now directly owns 1,656,996 shares of the company’s stock, valued at $109,245,746.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Tony West sold 18,750 shares of the business’s stock in a transaction that occurred on Monday, May 13th. The shares were sold at an average price of $65.63, for a total transaction of $1,230,562.50. Following the transaction, the insider now directly owns 206,338 shares in the company, valued at $13,541,962.94. The disclosure for this sale can be found here. Insiders have sold 635,984 shares of company stock worth $42,258,297 over the last 90 days. 3.80% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

UBER has been the subject of several research reports. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $80.00 price target on shares of Uber Technologies in a report on Tuesday, May 28th. Tigress Financial lifted their price target on shares of Uber Technologies from $72.00 to $96.00 and gave the company a “buy” rating in a report on Friday, April 19th. Citigroup lifted their price target on shares of Uber Technologies from $93.00 to $96.00 and gave the company a “buy” rating in a report on Wednesday, June 12th. BMO Capital Markets reaffirmed an “outperform” rating and issued a $92.00 price target on shares of Uber Technologies in a report on Wednesday, May 15th. Finally, Wedbush reaffirmed an “outperform” rating and issued a $85.00 price target on shares of Uber Technologies in a report on Wednesday, May 8th. Two research analysts have rated the stock with a hold rating and thirty have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $84.41.

Uber Technologies Price Performance

Shares of NYSE UBER traded up $4.21 during midday trading on Thursday, reaching $73.48. The company’s stock had a trading volume of 26,648,877 shares, compared to its average volume of 19,038,824. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.80. The company has a 50 day moving average price of $68.37 and a 200 day moving average price of $70.31. Uber Technologies, Inc. has a one year low of $40.09 and a one year high of $82.14. The company has a market cap of $153.54 billion, a price-to-earnings ratio of 118.52, a price-to-earnings-growth ratio of 1.56 and a beta of 1.36.

Uber Technologies (NYSE:UBER) last released its earnings results on Wednesday, May 8th. The ride-sharing company reported ($0.32) EPS for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.53). Uber Technologies had a return on equity of 12.81% and a net margin of 3.60%. The business had revenue of $10.13 billion during the quarter, compared to the consensus estimate of $10.09 billion. During the same quarter in the previous year, the firm earned ($0.08) earnings per share. The firm’s revenue for the quarter was up 14.8% compared to the same quarter last year. On average, equities research analysts expect that Uber Technologies, Inc. will post 0.85 EPS for the current year.

Uber Technologies Company 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.