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

State of New Jersey Common Pension Fund D increased its position in shares of Uber Technologies, Inc. (NYSE:UBER) by 0.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 694,619 shares of the ride-sharing company’s stock after purchasing an additional 1,984 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Uber Technologies were worth $41,899,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Geode Capital Management LLC boosted its stake in Uber Technologies by 2.1% in the third quarter. Geode Capital Management LLC now owns 42,500,359 shares of the ride-sharing company’s stock valued at $3,184,013,000 after acquiring an additional 893,652 shares during the last quarter. Edgewood Management LLC raised its position in shares of Uber Technologies by 10.5% in the third quarter. Edgewood Management LLC now owns 27,552,060 shares of the ride-sharing company’s stock valued at $2,070,813,000 after purchasing an additional 2,627,768 shares during the period. Jennison Associates LLC raised its position in shares of Uber Technologies by 36.9% in the fourth quarter. Jennison Associates LLC now owns 26,460,312 shares of the ride-sharing company’s stock valued at $1,596,086,000 after purchasing an additional 7,137,512 shares during the period. Janus Henderson Group PLC raised its position in shares of Uber Technologies by 18.3% in the third quarter. Janus Henderson Group PLC now owns 13,286,812 shares of the ride-sharing company’s stock valued at $998,767,000 after purchasing an additional 2,056,273 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its position in shares of Uber Technologies by 14.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 12,498,209 shares of the ride-sharing company’s stock valued at $939,365,000 after purchasing an additional 1,601,747 shares during the period. 80.24% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Uber Technologies

In other news, insider Jill Hazelbaker sold 27,780 shares of the firm’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $72.90, for a total value of $2,025,162.00. Following the completion of the sale, the insider now directly owns 107,289 shares of the company’s stock, valued at approximately $7,821,368.10. This trade represents a 20.57 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 3.84% of the stock is currently owned by corporate insiders.

Uber Technologies Trading Down 1.2 %

Shares of UBER opened at $79.31 on Monday. The stock has a market capitalization of $167.00 billion, a P/E ratio of 17.39, a PEG ratio of 0.81 and a beta of 1.39. The company has a quick ratio of 1.41, a current ratio of 1.07 and a debt-to-equity ratio of 0.37. The firm has a fifty day simple moving average of $66.27 and a two-hundred day simple moving average of $70.68. Uber Technologies, Inc. has a twelve month low of $54.84 and a twelve month high of $87.00.

Uber Technologies (NYSE:UBER) last announced its quarterly earnings results on Wednesday, February 5th. The ride-sharing company reported $3.21 earnings per share for the quarter, beating the consensus estimate of $0.50 by $2.71. Uber Technologies had a net margin of 22.41% and a return on equity of 62.60%. On average, research analysts anticipate that Uber Technologies, Inc. will post 2.4 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on UBER shares. Cantor Fitzgerald reissued an “overweight” rating and issued a $80.00 price target on shares of Uber Technologies in a research report on Thursday, February 6th. Wolfe Research upped their target price on shares of Uber Technologies from $90.00 to $92.00 and gave the stock an “outperform” rating in a report on Friday, January 3rd. Jefferies Financial Group upped their target price on shares of Uber Technologies from $100.00 to $105.00 and gave the stock a “buy” rating in a report on Tuesday, October 22nd. Benchmark reaffirmed a “hold” rating on shares of Uber Technologies in a report on Friday, January 31st. Finally, Piper Sandler decreased their target price on shares of Uber Technologies from $82.00 to $80.00 and set an “overweight” rating on the stock in a report on Thursday, February 6th. Seven equities research analysts have rated the stock with a hold rating, twenty-eight have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Uber Technologies currently has an average rating of “Moderate Buy” and a consensus target price of $90.70.

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.