State of New Jersey Common Pension Fund D Raises Stock Holdings in Uber Technologies, Inc. (NYSE:UBER)

State of New Jersey Common Pension Fund D increased its holdings in Uber Technologies, Inc. (NYSE:UBER) by 0.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,045,647 shares of the ride-sharing company’s stock after acquiring an additional 6,385 shares during the quarter. State of New Jersey Common Pension Fund D owned about 0.05% of Uber Technologies worth $64,380,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Tokio Marine Asset Management Co. Ltd. lifted its position in Uber Technologies by 7.5% during the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 44,615 shares of the ride-sharing company’s stock valued at $2,747,000 after purchasing an additional 3,122 shares during the last quarter. Bfsg LLC acquired a new position in shares of Uber Technologies in the fourth quarter worth about $31,000. Harvest Fund Management Co. Ltd increased its stake in Uber Technologies by 24.2% during the 4th quarter. Harvest Fund Management Co. Ltd now owns 17,444 shares of the ride-sharing company’s stock worth $1,074,000 after buying an additional 3,397 shares in the last quarter. Schnieders Capital Management LLC acquired a new position in shares of Uber Technologies during the 4th quarter worth approximately $277,000. Finally, Kennicott Capital Management LLC acquired a new stake in Uber Technologies during the fourth quarter worth $263,000. 80.24% of the stock is currently owned by institutional investors.

Uber Technologies Stock Down 0.4 %

Shares of UBER traded down $0.27 on Friday, reaching $69.04. The stock had a trading volume of 16,180,562 shares, compared to its average volume of 19,708,822. The firm has a market capitalization of $143.70 billion, a price-to-earnings ratio of 80.59, a price-to-earnings-growth ratio of 1.10 and a beta of 1.36. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.19 and a current ratio of 1.19. The company has a 50-day simple moving average of $76.49 and a 200-day simple moving average of $64.19. Uber Technologies, Inc. has a 12-month low of $29.22 and a 12-month high of $82.14.

Uber Technologies (NYSE:UBER) last posted its quarterly earnings results on Wednesday, February 7th. The ride-sharing company reported $0.66 EPS for the quarter, topping the consensus estimate of $0.16 by $0.50. The company had revenue of $9.94 billion for the quarter, compared to the consensus estimate of $9.76 billion. Uber Technologies had a net margin of 5.06% and a return on equity of 18.95%. The firm’s revenue was up 15.4% compared to the same quarter last year. During the same quarter last year, the firm posted $0.29 EPS. Sell-side analysts predict that Uber Technologies, Inc. will post 1.22 EPS for the current year.

Analyst Ratings Changes

A number of analysts have weighed in on UBER shares. Nomura cut Uber Technologies from a “buy” rating to a “neutral” rating and raised their price target for the company from $59.00 to $62.00 in a research note on Friday, December 29th. KeyCorp raised their target price on shares of Uber Technologies from $79.00 to $90.00 and gave the company an “overweight” rating in a research note on Thursday, February 15th. Truist Financial lifted their price target on shares of Uber Technologies from $90.00 to $94.00 and gave the company a “buy” rating in a report on Wednesday, March 27th. Argus increased their target price on shares of Uber Technologies from $69.00 to $95.00 and gave the company a “buy” rating in a research note on Monday, March 4th. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $85.00 target price on shares of Uber Technologies in a research note on Thursday, February 15th. Two analysts have rated the stock with a hold rating and twenty-nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Uber Technologies has a consensus rating of “Moderate Buy” and an average target price of $78.94.

Insider Activity

In related news, insider Tony West sold 18,750 shares of the firm’s stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $70.08, for a total transaction of $1,314,000.00. Following the sale, the insider now owns 185,566 shares in the company, valued at $13,004,465.28. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Uber Technologies news, insider Tony West sold 18,750 shares of Uber Technologies stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $70.08, for a total value of $1,314,000.00. Following the transaction, the insider now owns 185,566 shares in the company, valued at $13,004,465.28. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Jill Hazelbaker sold 20,000 shares of the company’s stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $77.83, for a total transaction of $1,556,600.00. Following the completion of the sale, the insider now owns 107,290 shares of the company’s stock, valued at $8,350,380.70. The disclosure for this sale can be found here. Insiders own 3.84% of the company’s stock.

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.