Louisiana State Employees Retirement System Sells 2,100 Shares of Uber Technologies, Inc. $UBER

Louisiana State Employees Retirement System lessened its holdings in shares of Uber Technologies, Inc. (NYSE:UBERFree Report) by 1.9% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 110,300 shares of the ride-sharing company’s stock after selling 2,100 shares during the period. Louisiana State Employees Retirement System’s holdings in Uber Technologies were worth $10,291,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Kozak & Associates Inc. increased its stake in shares of Uber Technologies by 155.9% in the first quarter. Kozak & Associates Inc. now owns 366 shares of the ride-sharing company’s stock valued at $27,000 after buying an additional 223 shares during the period. Noble Wealth Management PBC bought a new stake in Uber Technologies in the first quarter valued at approximately $27,000. Vision Financial Markets LLC bought a new stake in Uber Technologies in the first quarter valued at approximately $27,000. West Oak Capital LLC acquired a new position in shares of Uber Technologies in the 2nd quarter worth approximately $28,000. Finally, GPS Wealth Strategies Group LLC lifted its position in shares of Uber Technologies by 305.1% in the 1st quarter. GPS Wealth Strategies Group LLC now owns 397 shares of the ride-sharing company’s stock worth $29,000 after purchasing an additional 299 shares during the period. Institutional investors and hedge funds own 80.24% of the company’s stock.

Uber Technologies Stock Down 2.2%

Shares of NYSE:UBER opened at $97.87 on Wednesday. The business’s 50 day simple moving average is $94.33 and its two-hundred day simple moving average is $87.47. The firm has a market cap of $204.10 billion, a P/E ratio of 16.67 and a beta of 1.48. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.11 and a current ratio of 1.11. Uber Technologies, Inc. has a 52-week low of $59.33 and a 52-week high of $101.99.

Uber Technologies (NYSE:UBERGet Free Report) 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. Uber Technologies had a return on equity of 59.96% and a net margin of 26.68%.The company had revenue of $12.65 billion for the quarter, compared to analyst estimates of $12.45 billion. During the same period in the prior year, the firm earned $0.47 earnings per share. Uber Technologies’s revenue for the quarter was up 18.2% on a year-over-year basis. As a group, research analysts forecast that Uber Technologies, Inc. will post 2.54 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on UBER. BMO Capital Markets boosted their price target on shares of Uber Technologies from $101.00 to $113.00 and gave the stock an “outperform” rating in a research report on Thursday, August 7th. Cowen reiterated a “buy” rating on shares of Uber Technologies in a report on Thursday, August 7th. Needham & Company LLC increased their price target on Uber Technologies from $100.00 to $109.00 and gave the stock a “buy” rating in a report on Monday, July 14th. Susquehanna upped their target price on Uber Technologies from $100.00 to $105.00 and gave the company a “positive” rating in a research report on Thursday, August 7th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Uber Technologies in a research report on Saturday, September 27th. Two analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and ten have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $104.03.

Get Our Latest Report on Uber Technologies

Insider Buying and Selling at Uber Technologies

In related news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the company’s stock in a transaction dated Tuesday, September 16th. The shares were sold at an average price of $99.42, for a total value of $273,405.00. Following the sale, the chief financial officer owned 22,528 shares in the company, valued at $2,239,733.76. This represents a 10.88% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Jill Hazelbaker sold 31,250 shares of the company’s stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $96.42, for a total transaction of $3,013,125.00. Following the completion of the sale, the insider owned 86,531 shares in the company, valued at $8,343,319.02. This represents a 26.53% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 601,821 shares of company stock worth $58,659,491 in the last ninety days. 3.70% of the stock is currently owned by corporate insiders.

Uber Technologies Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Uber Technologies (NYSE:UBER)

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