State of New Jersey Common Pension Fund D Acquires 1,984 Shares of Uber Technologies, Inc. (NYSE:UBER)

State of New Jersey Common Pension Fund D increased its holdings in Uber Technologies, Inc. (NYSE:UBER) by 0.3% in the 4th quarter, Holdings Channel reports. The fund owned 694,619 shares of the ride-sharing company’s stock after buying 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.

Several other institutional investors also recently modified their holdings of UBER. AMF Tjanstepension AB bought a new position in shares of Uber Technologies in the 3rd quarter worth about $163,468,000. Exchange Traded Concepts LLC increased its stake in Uber Technologies by 395.8% during the 3rd quarter. Exchange Traded Concepts LLC now owns 4,908 shares of the ride-sharing company’s stock valued at $369,000 after purchasing an additional 3,918 shares in the last quarter. Creative Planning increased its stake in Uber Technologies by 34.0% during the 3rd quarter. Creative Planning now owns 195,163 shares of the ride-sharing company’s stock valued at $14,668,000 after purchasing an additional 49,491 shares in the last quarter. Cornerstone Wealth Management LLC increased its stake in Uber Technologies by 11.6% during the 3rd quarter. Cornerstone Wealth Management LLC now owns 3,793 shares of the ride-sharing company’s stock valued at $285,000 after purchasing an additional 393 shares in the last quarter. Finally, Bleakley Financial Group LLC increased its stake in Uber Technologies by 0.7% during the 3rd quarter. Bleakley Financial Group LLC now owns 30,837 shares of the ride-sharing company’s stock valued at $2,318,000 after purchasing an additional 223 shares in the last quarter. 80.24% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on UBER shares. Citigroup reduced their price objective on shares of Uber Technologies from $98.00 to $92.00 and set a “buy” rating for the company in a research note on Thursday, February 6th. Cantor Fitzgerald restated an “overweight” rating and set a $80.00 price objective on shares of Uber Technologies in a research note on Thursday, February 6th. Needham & Company LLC restated a “buy” rating and set a $90.00 price objective on shares of Uber Technologies in a research note on Wednesday, February 5th. Evercore ISI reduced their price objective on shares of Uber Technologies from $120.00 to $115.00 and set an “outperform” rating for the company in a research note on Thursday, February 6th. Finally, Piper Sandler reduced their price objective on shares of Uber Technologies from $82.00 to $80.00 and set an “overweight” rating for the company in a research note on Thursday, February 6th. Seven research analysts have rated the stock with a hold rating, twenty-eight have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Uber Technologies has an average rating of “Moderate Buy” and a consensus price target of $90.70.

Uber Technologies Price Performance

Shares of NYSE:UBER opened at $79.31 on Monday. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.07 and a quick ratio of 1.41. Uber Technologies, Inc. has a 1-year low of $54.84 and a 1-year high of $87.00. The company has a market capitalization of $167.00 billion, a P/E ratio of 17.39, a P/E/G ratio of 0.81 and a beta of 1.39. The firm’s 50 day simple moving average is $66.27 and its two-hundred day simple moving average is $70.68.

Uber Technologies (NYSE:UBER) last issued 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%. Research analysts expect that Uber Technologies, Inc. will post 2.4 EPS for the current fiscal year.

Insider Buying and Selling at Uber Technologies

In other news, insider Jill Hazelbaker sold 27,780 shares of Uber Technologies stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $72.90, for a total transaction of $2,025,162.00. Following the sale, the insider now owns 107,289 shares in the company, valued at $7,821,368.10. This trade represents a 20.57 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 3.84% of the company’s stock.

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.