Illinois Municipal Retirement Fund Has $16.74 Million Stake in Uber Technologies, Inc. (NYSE:UBER)

Illinois Municipal Retirement Fund lessened its position in Uber Technologies, Inc. (NYSE:UBER) by 5.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 277,457 shares of the ride-sharing company’s stock after selling 16,090 shares during the period. Illinois Municipal Retirement Fund’s holdings in Uber Technologies were worth $16,736,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of UBER. AMF Tjanstepension AB acquired a new stake in Uber Technologies during the 3rd quarter worth approximately $163,468,000. International Assets Investment Management LLC grew its stake in shares of Uber Technologies by 6,256.7% in the third quarter. International Assets Investment Management LLC now owns 595,117 shares of the ride-sharing company’s stock worth $44,729,000 after purchasing an additional 585,755 shares during the last quarter. CENTRAL TRUST Co increased its holdings in Uber Technologies by 12.3% in the third quarter. CENTRAL TRUST Co now owns 1,160 shares of the ride-sharing company’s stock valued at $87,000 after purchasing an additional 127 shares during the period. Allworth Financial LP raised its position in Uber Technologies by 12.9% during the 3rd quarter. Allworth Financial LP now owns 18,718 shares of the ride-sharing company’s stock worth $1,407,000 after purchasing an additional 2,135 shares during the last quarter. Finally, Modera Wealth Management LLC lifted its holdings in Uber Technologies by 13.1% during the 3rd quarter. Modera Wealth Management LLC now owns 5,157 shares of the ride-sharing company’s stock worth $388,000 after buying an additional 597 shares during the period. Institutional investors and hedge funds own 80.24% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Gordon Haskett raised Uber Technologies from a “hold” rating to a “buy” rating and set a $85.00 price objective on the stock in a research note on Thursday, October 31st. Piper Sandler reaffirmed an “overweight” rating and set a $87.00 price target (up previously from $80.00) on shares of Uber Technologies in a research report on Tuesday, February 18th. Truist Financial lowered their price objective on Uber Technologies from $99.00 to $95.00 and set a “buy” rating for the company in a research report on Friday, November 1st. Benchmark restated a “hold” rating on shares of Uber Technologies in a research report on Friday, January 31st. Finally, JMP Securities reiterated a “market perform” rating on shares of Uber Technologies in a report on Thursday, February 6th. Eight investment analysts have rated the stock with a hold rating, twenty-seven have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Uber Technologies presently has an average rating of “Moderate Buy” and an average price target of $90.94.

Uber Technologies Price Performance

Shares of UBER opened at $76.34 on Tuesday. The firm has a market cap of $159.46 billion, a PE ratio of 16.74, a P/E/G ratio of 0.89 and a beta of 1.39. Uber Technologies, Inc. has a 1-year low of $54.84 and a 1-year high of $87.00. The company has a current ratio of 1.07, a quick ratio of 1.41 and a debt-to-equity ratio of 0.37. The firm has a fifty day simple moving average of $68.05 and a two-hundred day simple moving average of $71.34.

Uber Technologies (NYSE:UBER) last released its quarterly earnings results on Wednesday, February 5th. The ride-sharing company reported $3.21 EPS 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, equities analysts anticipate that Uber Technologies, Inc. will post 2.54 EPS for the current year.

Insiders Place Their Bets

In other Uber Technologies news, insider Jill Hazelbaker sold 31,000 shares of the business’s stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $81.02, for a total transaction of $2,511,620.00. Following the completion of the sale, the insider now owns 86,973 shares of the company’s stock, valued at approximately $7,046,552.46. The trade was a 26.28 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 3.80% of the company’s stock.

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.