Illinois Municipal Retirement Fund Sells 55,707 Shares of Uber Technologies, Inc. $UBER

Illinois Municipal Retirement Fund trimmed its holdings in shares of Uber Technologies, Inc. (NYSE:UBER) by 20.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 217,826 shares of the ride-sharing company’s stock after selling 55,707 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in Uber Technologies were worth $20,323,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Altman Advisors Inc. raised its position in Uber Technologies by 1.4% during the second quarter. Altman Advisors Inc. now owns 27,427 shares of the ride-sharing company’s stock valued at $2,527,000 after purchasing an additional 387 shares during the period. Fountainhead AM LLC increased its position in shares of Uber Technologies by 3.2% during the 2nd quarter. Fountainhead AM LLC now owns 5,009 shares of the ride-sharing company’s stock valued at $467,000 after purchasing an additional 154 shares during the last quarter. Fidelis Capital Partners LLC raised its holdings in Uber Technologies by 24.3% during the 2nd quarter. Fidelis Capital Partners LLC now owns 8,961 shares of the ride-sharing company’s stock valued at $800,000 after buying an additional 1,752 shares during the period. ProShare Advisors LLC lifted its position in Uber Technologies by 9.7% in the second quarter. ProShare Advisors LLC now owns 388,254 shares of the ride-sharing company’s stock worth $36,224,000 after buying an additional 34,310 shares during the last quarter. Finally, Profund Advisors LLC boosted its stake in Uber Technologies by 31.2% during the second quarter. Profund Advisors LLC now owns 29,496 shares of the ride-sharing company’s stock worth $2,752,000 after buying an additional 7,018 shares during the period. Hedge funds and other institutional investors own 80.24% of the company’s stock.

Insider Buying and Selling

In other Uber Technologies news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the company’s stock in a transaction on Tuesday, September 16th. The stock was sold at an average price of $99.42, for a total transaction of $273,405.00. Following the completion of the sale, the chief financial officer owned 22,528 shares in the company, valued at $2,239,733.76. This represents a 10.88% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Dara Khosrowshahi sold 300,000 shares of Uber Technologies stock in a transaction on Friday, September 12th. The shares were sold at an average price of $95.37, for a total value of $28,611,000.00. Following the completion of the transaction, the chief executive officer owned 1,132,544 shares in the company, valued at $108,010,721.28. This represents a 20.94% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 604,946 shares of company stock valued at $58,950,116 over the last ninety days. Company insiders own 3.84% of the company’s stock.

Uber Technologies Price Performance

UBER opened at $92.03 on Monday. The company has a market capitalization of $191.21 billion, a price-to-earnings ratio of 11.83 and a beta of 1.46. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 0.37. Uber Technologies, Inc. has a 12-month low of $59.33 and a 12-month high of $101.99. The business’s fifty day simple moving average is $95.46 and its 200-day simple moving average is $91.32.

Uber Technologies (NYSE:UBER) last issued its earnings results on Tuesday, November 4th. The ride-sharing company reported $3.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.67 by $2.44. Uber Technologies had a net margin of 33.54% and a return on equity of 68.17%. The company had revenue of $13.47 billion for the quarter, compared to analysts’ expectations of $13.25 billion. During the same period in the prior year, the business earned $1.20 EPS. The firm’s quarterly revenue was up 20.4% on a year-over-year basis. On average, equities research analysts anticipate that Uber Technologies, Inc. will post 2.54 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on UBER. Wall Street Zen raised shares of Uber Technologies from a “hold” rating to a “buy” rating in a research note on Saturday. Cantor Fitzgerald increased their price objective on shares of Uber Technologies from $107.00 to $108.00 and gave the stock an “overweight” rating in a research report on Wednesday. Truist Financial boosted their target price on Uber Technologies from $96.00 to $110.00 and gave the company a “buy” rating in a research report on Wednesday, November 5th. Wells Fargo & Company reduced their price target on Uber Technologies from $125.00 to $120.00 and set an “overweight” rating on the stock in a report on Wednesday, November 5th. Finally, The Goldman Sachs Group restated a “buy” rating on shares of Uber Technologies in a report on Wednesday. Two analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $108.26.

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.