Retirement Systems of Alabama Sells 11,418 Shares of Uber Technologies, Inc. $UBER

Retirement Systems of Alabama cut its holdings in Uber Technologies, Inc. (NYSE:UBER) by 1.0% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,081,784 shares of the ride-sharing company’s stock after selling 11,418 shares during the period. Retirement Systems of Alabama owned about 0.05% of Uber Technologies worth $100,930,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. West Oak Capital LLC bought a new stake in shares of Uber Technologies in the 2nd quarter worth about $28,000. Trust Co. of Toledo NA OH bought a new stake in shares of Uber Technologies in the 2nd quarter worth about $30,000. Vision Financial Markets LLC bought a new stake in shares of Uber Technologies in the 1st quarter worth about $27,000. Truvestments Capital LLC increased its holdings in shares of Uber Technologies by 498.5% in the 1st quarter. Truvestments Capital LLC now owns 407 shares of the ride-sharing company’s stock worth $30,000 after buying an additional 339 shares during the last quarter. Finally, REAP Financial Group LLC boosted its stake in shares of Uber Technologies by 158.2% during the 2nd quarter. REAP Financial Group LLC now owns 408 shares of the ride-sharing company’s stock worth $38,000 after purchasing an additional 250 shares during the period. 80.24% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Uber Technologies news, insider Jill Hazelbaker sold 31,250 shares of the business’s stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $96.42, for a total value of $3,013,125.00. Following the completion of the sale, the insider directly owned 86,531 shares of the company’s stock, valued at $8,343,319.02. The trade was a 26.53% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Dara Khosrowshahi sold 150,000 shares of the business’s stock in a transaction dated Monday, September 22nd. The shares were sold at an average price of $100.48, for a total transaction of $15,072,000.00. Following the completion of the sale, the chief executive officer directly owned 982,544 shares of the company’s stock, valued at approximately $98,726,021.12. This trade represents a 13.24% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 604,946 shares of company stock worth $58,950,116 over the last 90 days. Corporate insiders own 3.84% of the company’s stock.

Uber Technologies Price Performance

Uber Technologies stock opened at $95.63 on Thursday. The stock has a market cap of $199.43 billion, a price-to-earnings ratio of 16.29 and a beta of 1.48. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.11 and a quick ratio of 1.11. Uber Technologies, Inc. has a 1 year low of $59.33 and a 1 year high of $101.99. The firm has a 50-day moving average of $95.52 and a two-hundred day moving average of $90.17.

Uber Technologies (NYSE:UBER) last released its quarterly earnings data on Wednesday, August 6th. The ride-sharing company reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.02. The company had revenue of $12.65 billion during the quarter, compared to analysts’ expectations of $12.45 billion. Uber Technologies had a net margin of 26.68% and a return on equity of 59.96%. The firm’s quarterly revenue was up 18.2% on a year-over-year basis. During the same period in the previous year, the company earned $0.47 EPS. On average, research analysts forecast that Uber Technologies, Inc. will post 2.54 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts recently commented on UBER shares. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $110.00 price target on shares of Uber Technologies in a research note on Tuesday, October 21st. KeyCorp lifted their price target on shares of Uber Technologies from $90.00 to $110.00 and gave the stock an “overweight” rating in a research note on Monday, July 14th. Wells Fargo & Company dropped their price target on shares of Uber Technologies from $127.00 to $125.00 and set an “overweight” rating for the company in a research note on Friday, October 3rd. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Uber Technologies in a research note on Tuesday, October 14th. Finally, Roth Capital lifted their price target on shares of Uber Technologies from $93.00 to $110.00 and gave the stock a “buy” rating in a research note on Monday, July 14th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $106.18.

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.