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 raised its holdings in Uber Technologies, Inc. (NYSE:UBER) by 0.6% during the 4th quarter, HoldingsChannel.com reports. The fund owned 1,045,647 shares of the ride-sharing company’s stock after buying an additional 6,385 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Uber Technologies were worth $64,380,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. OFI Invest Asset Management purchased a new stake in Uber Technologies during the 3rd quarter worth about $26,000. Ritter Daniher Financial Advisory LLC DE increased its position in shares of Uber Technologies by 2,545.5% during the third quarter. Ritter Daniher Financial Advisory LLC DE now owns 582 shares of the ride-sharing company’s stock worth $27,000 after acquiring an additional 560 shares during the last quarter. JFS Wealth Advisors LLC grew its position in shares of Uber Technologies by 319.4% in the 3rd quarter. JFS Wealth Advisors LLC now owns 650 shares of the ride-sharing company’s stock worth $30,000 after acquiring an additional 495 shares in the last quarter. CVA Family Office LLC bought a new position in Uber Technologies in the 4th quarter worth about $30,000. Finally, Highlander Capital Management LLC lifted its position in Uber Technologies by 100.0% in the fourth quarter. Highlander Capital Management LLC now owns 500 shares of the ride-sharing company’s stock worth $31,000 after purchasing an additional 250 shares during the period. 80.24% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on UBER. Moffett Nathanson restated a “buy” rating and set a $92.00 target price on shares of Uber Technologies in a report on Thursday, April 11th. Mizuho boosted their price target on Uber Technologies from $77.00 to $83.00 and gave the stock a “buy” rating in a research report on Thursday, February 8th. Truist Financial increased their target price on Uber Technologies from $90.00 to $94.00 and gave the stock a “buy” rating in a report on Wednesday, March 27th. Jefferies Financial Group increased their price target on Uber Technologies from $95.00 to $100.00 and gave the company a “buy” rating in a research note on Friday, April 5th. Finally, JMP Securities restated a “market outperform” rating and issued a $85.00 target price on shares of Uber Technologies in a research note on Thursday, March 28th. Two analysts have rated the stock with a hold rating and twenty-nine have given a buy rating to the company. According to MarketBeat.com, Uber Technologies has a consensus rating of “Moderate Buy” and a consensus price target of $78.94.

Insiders Place Their Bets

In related news, insider Jill Hazelbaker sold 20,000 shares of the business’s stock in a transaction dated Wednesday, February 14th. The shares were 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 approximately $8,350,380.70. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other news, insider Tony West sold 18,750 shares of Uber Technologies stock in a transaction on Monday, February 12th. The stock was sold at an average price of $70.08, for a total value of $1,314,000.00. Following the completion of the sale, the insider now directly owns 185,566 shares of the company’s stock, valued at approximately $13,004,465.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Jill Hazelbaker sold 20,000 shares of the 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 in the company, valued at $8,350,380.70. The disclosure for this sale can be found here. Corporate insiders own 3.84% of the company’s stock.

Uber Technologies Price Performance

Shares of UBER stock traded down $0.27 during trading on Friday, hitting $69.04. The company had a trading volume of 16,180,562 shares, compared to its average volume of 19,708,822. The stock’s 50-day moving average price is $76.49 and its 200 day moving average price is $64.19. The firm has a market capitalization of $143.70 billion, a P/E 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. Uber Technologies, Inc. has a one year low of $29.22 and a one year high of $82.14.

Uber Technologies (NYSE:UBER) last announced its quarterly earnings data 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. Uber Technologies had a net margin of 5.06% and a return on equity of 18.95%. The business had revenue of $9.94 billion for the quarter, compared to analyst estimates of $9.76 billion. During the same quarter in the previous year, the firm posted $0.29 earnings per share. The company’s revenue for the quarter was up 15.4% on a year-over-year basis. Equities analysts expect that Uber Technologies, Inc. will post 1.22 EPS for the current fiscal year.

Uber Technologies 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.