Uber Technologies, Inc. (NYSE:UBER) Shares Acquired by Retirement Systems of Alabama

Retirement Systems of Alabama increased its stake in Uber Technologies, Inc. (NYSE:UBER) by 2.4% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,107,558 shares of the ride-sharing company’s stock after acquiring an additional 25,756 shares during the quarter. Retirement Systems of Alabama owned approximately 0.05% of Uber Technologies worth $66,808,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the stock. Kieckhefer Group LLC purchased a new position in Uber Technologies in the fourth quarter valued at about $33,000. Retirement Wealth Solutions LLC bought a new stake in shares of Uber Technologies in the 4th quarter valued at approximately $35,000. Financial Management Professionals Inc. grew its stake in shares of Uber Technologies by 104.1% in the 3rd quarter. Financial Management Professionals Inc. now owns 494 shares of the ride-sharing company’s stock valued at $37,000 after purchasing an additional 252 shares during the period. Transcendent Capital Group LLC grew its position in Uber Technologies by 3,928.6% during the 3rd quarter. Transcendent Capital Group LLC now owns 564 shares of the ride-sharing company’s stock worth $42,000 after acquiring an additional 550 shares during the last quarter. Finally, Crews Bank & Trust acquired a new position in Uber Technologies during the 4th quarter worth $42,000. 80.24% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on UBER. The Goldman Sachs Group reiterated a “buy” rating and set a $96.00 target price on shares of Uber Technologies in a report on Thursday, January 2nd. Wells Fargo & Company cut their price objective on shares of Uber Technologies from $97.00 to $90.00 and set an “overweight” rating for the company in a research report on Friday, November 1st. Truist Financial lowered their price objective on shares of Uber Technologies from $99.00 to $95.00 and set a “buy” rating for the company in a research report on Friday, November 1st. Wolfe Research boosted their target price on shares of Uber Technologies from $90.00 to $92.00 and gave the stock an “outperform” rating in a research note on Friday, January 3rd. Finally, Loop Capital boosted their target price on shares of Uber Technologies from $84.00 to $86.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. Seven analysts have rated the stock with a hold rating, thirty-one have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Uber Technologies presently has an average rating of “Moderate Buy” and a consensus price target of $90.89.

Uber Technologies Trading Up 3.6 %

NYSE UBER opened at $69.71 on Wednesday. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.41 and a current ratio of 1.41. The company has a market capitalization of $146.79 billion, a price-to-earnings ratio of 34.68, a price-to-earnings-growth ratio of 0.77 and a beta of 1.39. The company’s 50-day simple moving average is $65.49 and its two-hundred day simple moving average is $70.09. Uber Technologies, Inc. has a one year low of $54.84 and a one year high of $87.00.

Insider Buying and Selling at Uber Technologies

In other news, insider Jill Hazelbaker sold 27,780 shares of the business’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $72.90, for a total transaction of $2,025,162.00. Following the transaction, the insider now directly owns 107,289 shares in the company, valued at $7,821,368.10. The trade was a 20.57 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 3.80% of the company’s stock.

About Uber Technologies

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.