Strs Ohio Invests $90.91 Million in Uber Technologies, Inc. $UBER

Strs Ohio purchased a new stake in shares of Uber Technologies, Inc. (NYSE:UBER) in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 1,247,775 shares of the ride-sharing company’s stock, valued at approximately $90,913,000. Strs Ohio owned 0.06% of Uber Technologies as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in Uber Technologies by 3.2% during the first quarter. Vanguard Group Inc. now owns 186,526,036 shares of the ride-sharing company’s stock worth $13,590,287,000 after purchasing an additional 5,759,353 shares during the period. Pershing Square Capital Management L.P. bought a new position in Uber Technologies during the first quarter worth about $2,207,743,000. Northern Trust Corp boosted its position in Uber Technologies by 3.9% during the first quarter. Northern Trust Corp now owns 19,240,638 shares of the ride-sharing company’s stock worth $1,401,873,000 after purchasing an additional 720,122 shares during the period. Charles Schwab Investment Management Inc. boosted its position in Uber Technologies by 3.0% during the first quarter. Charles Schwab Investment Management Inc. now owns 13,667,322 shares of the ride-sharing company’s stock worth $995,801,000 after purchasing an additional 394,157 shares during the period. Finally, Boston Partners boosted its position in Uber Technologies by 43.8% during the first quarter. Boston Partners now owns 9,031,217 shares of the ride-sharing company’s stock worth $658,686,000 after purchasing an additional 2,749,456 shares during the period. Institutional investors own 80.24% of the company’s stock.

Uber Technologies Trading Down 1.3%

Shares of UBER opened at $94.24 on Thursday. 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 fifty-two week low of $59.33 and a fifty-two week high of $97.71. The firm has a 50 day moving average price of $92.54 and a 200-day moving average price of $84.30. The firm has a market cap of $196.53 billion, a price-to-earnings ratio of 16.05, a PEG ratio of 1.09 and a beta of 1.43.

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

Wall Street Analyst Weigh In

UBER has been the subject of a number of research reports. Stifel Nicolaus increased their target price on shares of Uber Technologies from $110.00 to $117.00 and gave the stock a “buy” rating in a research report on Tuesday, July 29th. Sanford C. Bernstein raised their price objective on shares of Uber Technologies from $95.00 to $110.00 and gave the company an “outperform” rating in a research report on Monday, July 21st. BMO Capital Markets raised their price objective on shares of Uber Technologies from $101.00 to $113.00 and gave the company an “outperform” rating in a research report on Thursday, August 7th. Wedbush cut their price objective on shares of Uber Technologies from $85.00 to $84.00 and set a “neutral” rating for the company in a research report on Thursday, August 7th. Finally, Royal Bank Of Canada raised their price objective on shares of Uber Technologies from $94.00 to $100.00 and gave the company an “outperform” rating in a research report on Thursday, August 7th. One research analyst has rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and ten have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $103.06.

Insider Activity

In related news, SVP Nikki Krishnamurthy sold 11,571 shares of Uber Technologies stock in a transaction on Friday, August 15th. The shares were sold at an average price of $91.74, for a total value of $1,061,523.54. Following the transaction, the senior vice president directly owned 416,222 shares of the company’s stock, valued at $38,184,206.28. The trade was a 2.70% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of Uber Technologies stock in a transaction on Monday, July 7th. The stock was sold at an average price of $95.00, for a total transaction of $261,250.00. Following the completion of the transaction, the chief financial officer directly owned 21,975 shares in the company, valued at approximately $2,087,625. The trade was a 11.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 48,696 shares of company stock valued at $4,632,774 in the last three months. Corporate 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.