Public Employees Retirement Association of Colorado Has $20.41 Million Stake in Uber Technologies, Inc. (NYSE:UBER)

Public Employees Retirement Association of Colorado decreased its stake in Uber Technologies, Inc. (NYSE:UBER) by 3.3% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 265,058 shares of the ride-sharing company’s stock after selling 8,940 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Uber Technologies were worth $20,407,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of UBER. Vanguard Group Inc. raised its position in shares of Uber Technologies by 34.8% during the fourth 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 during the last quarter. Norges Bank bought a new stake in shares of Uber Technologies during the fourth quarter worth $1,415,778,000. Edgewood Management LLC bought a new stake in shares of Uber Technologies during the fourth quarter worth $783,401,000. Price T Rowe Associates Inc. MD raised its position in shares of Uber Technologies by 37.8% during the first quarter. Price T Rowe Associates Inc. MD now owns 36,425,981 shares of the ride-sharing company’s stock worth $2,804,437,000 after acquiring an additional 9,996,508 shares during the last quarter. Finally, GQG Partners LLC raised its position in shares of Uber Technologies by 74.1% during the first quarter. GQG Partners LLC now owns 22,423,451 shares of the ride-sharing company’s stock worth $1,726,381,000 after acquiring an additional 9,541,366 shares during the last quarter. Institutional investors and hedge funds own 80.24% of the company’s stock.

Uber Technologies Price Performance

Shares of UBER stock traded down $0.27 on Monday, reaching $64.13. The company’s stock had a trading volume of 7,426,488 shares, compared to its average volume of 18,799,420. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.80. Uber Technologies, Inc. has a 12-month low of $40.09 and a 12-month high of $82.14. The company has a market capitalization of $134.00 billion, a P/E ratio of 104.45, a PEG ratio of 1.41 and a beta of 1.36. The stock’s 50 day simple moving average is $68.58 and its 200-day simple moving average is $71.06.

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

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on UBER. Oppenheimer restated an “outperform” rating and set a $90.00 target price on shares of Uber Technologies in a research report on Wednesday, June 5th. Roth Mkm reiterated a “buy” rating and issued a $89.00 price objective (down previously from $91.00) on shares of Uber Technologies in a report on Friday, May 10th. Melius initiated coverage on Uber Technologies in a research note on Monday, July 22nd. They issued a “hold” rating and a $77.00 target price for the company. Tigress Financial raised their price objective on Uber Technologies from $72.00 to $96.00 and gave the company a “buy” rating in a research report on Friday, April 19th. Finally, Wedbush reaffirmed an “outperform” rating and issued a $85.00 price objective on shares of Uber Technologies in a research report on Wednesday, May 8th. Four analysts have rated the stock with a hold rating and thirty have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $85.97.

Insider Activity

In other news, CEO Dara Khosrowshahi sold 500,000 shares of the firm’s stock in a transaction dated Friday, May 17th. The stock was 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 can be accessed through this link. In other news, CEO Dara Khosrowshahi sold 500,000 shares of the firm’s stock in a transaction dated Friday, May 17th. The stock was 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 can be accessed through this link. Also, insider Tony West sold 89,234 shares of the firm’s stock in a transaction dated Thursday, June 6th. The shares were sold at an average price of $68.18, for a total value of $6,083,974.12. Following the transaction, the insider now directly owns 124,945 shares in the company, valued at $8,518,750.10. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,135,984 shares of company stock valued at $78,213,297. 3.84% of the stock is currently owned by insiders.

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.