Illinois Municipal Retirement Fund Purchases 54,407 Shares of Uber Technologies, Inc. (NYSE:UBER)

Illinois Municipal Retirement Fund grew its position in Uber Technologies, Inc. (NYSE:UBER) by 24.1% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 280,189 shares of the ride-sharing company’s stock after acquiring an additional 54,407 shares during the period. Illinois Municipal Retirement Fund’s holdings in Uber Technologies were worth $20,364,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Vanguard Group Inc. raised its position in Uber Technologies by 2.2% in the 1st quarter. Vanguard Group Inc. now owns 171,253,318 shares of the ride-sharing company’s stock valued at $13,184,793,000 after purchasing an additional 3,623,951 shares during the last quarter. Capital World Investors increased its stake in shares of Uber Technologies by 0.7% in the fourth quarter. Capital World Investors now owns 40,610,127 shares of the ride-sharing company’s stock valued at $2,500,366,000 after buying an additional 283,802 shares in the last quarter. Capital Research Global Investors raised its holdings in shares of Uber Technologies by 8.2% in the first quarter. Capital Research Global Investors now owns 39,947,547 shares of the ride-sharing company’s stock valued at $3,075,562,000 after buying an additional 3,019,431 shares during the last quarter. Price T Rowe Associates Inc. MD grew its holdings in Uber Technologies by 37.8% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 36,425,981 shares of the ride-sharing company’s stock worth $2,804,437,000 after acquiring an additional 9,996,508 shares during the last quarter. Finally, Norges Bank acquired a new stake in Uber Technologies in the 4th quarter valued at about $1,415,778,000. 80.24% of the stock is owned by institutional investors and hedge funds.

Uber Technologies Stock Down 2.3 %

Shares of Uber Technologies stock traded down $1.67 on Friday, reaching $69.58. 11,449,834 shares of the company were exchanged, compared to its average volume of 18,374,742. The company has a market capitalization of $146.18 billion, a price-to-earnings ratio of 112.26, a PEG ratio of 1.28 and a beta of 1.33. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.72. Uber Technologies, Inc. has a one year low of $40.09 and a one year high of $82.14. The company has a 50-day moving average of $69.53 and a 200 day moving average of $71.26.

Uber Technologies (NYSE:UBER) last posted its quarterly earnings results on Tuesday, August 6th. The ride-sharing company reported $0.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.31 by $0.16. The firm had revenue of $10.70 billion for the quarter, compared to analyst estimates of $10.57 billion. Uber Technologies had a net margin of 5.02% and a return on equity of 17.06%. The company’s quarterly revenue was up 15.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.18 earnings per share. On average, equities research analysts forecast that Uber Technologies, Inc. will post 1.05 earnings per share for the current year.

Insider Buying and Selling

In related news, CEO Dara Khosrowshahi sold 500,000 shares of the stock in a transaction on Monday, July 15th. The stock was sold at an average price of $71.91, for a total value of $35,955,000.00. Following the sale, the chief executive officer now owns 1,266,114 shares in the company, valued at approximately $91,046,257.74. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, CEO Dara Khosrowshahi sold 500,000 shares of the company’s stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $71.91, for a total value of $35,955,000.00. Following the transaction, the chief executive officer now owns 1,266,114 shares in the company, valued at approximately $91,046,257.74. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Tony West sold 28,000 shares of the stock in a transaction dated Thursday, June 13th. The shares were sold at an average price of $70.67, for a total transaction of $1,978,760.00. Following the completion of the transaction, the insider now directly owns 96,945 shares in the company, valued at $6,851,103.15. The disclosure for this sale can be found here. 3.84% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on UBER shares. Cantor Fitzgerald started coverage on shares of Uber Technologies in a research report on Thursday. They set an “overweight” rating and a $90.00 target price on the stock. JMP Securities increased their price objective on Uber Technologies from $75.00 to $80.00 and gave the company a “market outperform” rating in a research report on Wednesday, August 7th. Melius initiated coverage on Uber Technologies in a research note on Monday, July 22nd. They issued a “hold” rating and a $77.00 target price for the company. TD Cowen upped their price target on Uber Technologies from $88.00 to $90.00 and gave the company a “buy” rating in a research note on Tuesday, July 23rd. Finally, Melius Research started coverage on Uber Technologies in a research report on Monday, July 22nd. They issued a “hold” rating and a $77.00 price objective for the company. Four research analysts have rated the stock with a hold rating and thirty-one have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $87.60.

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.