State of New Jersey Common Pension Fund D Acquires 58,933 Shares of Uber Technologies, Inc. $UBER

State of New Jersey Common Pension Fund D increased its stake in Uber Technologies, Inc. (NYSE:UBER) by 9.3% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 695,135 shares of the ride-sharing company’s stock after purchasing an additional 58,933 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Uber Technologies were worth $68,102,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the stock. Norges Bank purchased a new position in shares of Uber Technologies during the 2nd quarter valued at about $2,348,319,000. Pacer Advisors Inc. lifted its holdings in Uber Technologies by 1,905.3% during the third quarter. Pacer Advisors Inc. now owns 4,350,479 shares of the ride-sharing company’s stock valued at $426,216,000 after purchasing an additional 4,133,532 shares in the last quarter. Vanguard Group Inc. lifted its holdings in Uber Technologies by 1.6% during the second quarter. Vanguard Group Inc. now owns 189,551,519 shares of the ride-sharing company’s stock valued at $17,685,157,000 after purchasing an additional 3,025,483 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its position in shares of Uber Technologies by 4,471.9% in the third quarter. Massachusetts Financial Services Co. MA now owns 2,966,828 shares of the ride-sharing company’s stock worth $290,660,000 after purchasing an additional 2,901,936 shares during the period. Finally, Robeco Institutional Asset Management B.V. increased its stake in shares of Uber Technologies by 97.1% in the third quarter. Robeco Institutional Asset Management B.V. now owns 5,422,035 shares of the ride-sharing company’s stock worth $531,197,000 after purchasing an additional 2,671,539 shares in the last quarter. Institutional investors own 80.24% of the company’s stock.

Uber Technologies Stock Performance

NYSE UBER opened at $69.83 on Friday. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.14 and a quick ratio of 1.15. Uber Technologies, Inc. has a 1-year low of $60.63 and a 1-year high of $101.99. The business has a 50 day simple moving average of $81.32 and a two-hundred day simple moving average of $89.07. The stock has a market capitalization of $145.09 billion, a PE ratio of 14.83, a P/E/G ratio of 6.40 and a beta of 1.21.

Uber Technologies (NYSE:UBER) last posted its earnings results on Wednesday, February 4th. The ride-sharing company reported $0.71 EPS for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.08). Uber Technologies had a net margin of 19.33% and a return on equity of 43.63%. The firm had revenue of $14.37 billion for the quarter, compared to the consensus estimate of $14.32 billion. During the same quarter in the prior year, the company posted $3.21 earnings per share. The firm’s revenue was up 20.1% compared to the same quarter last year. Uber Technologies has set its Q1 2026 guidance at 0.650-0.720 EPS. On average, research analysts predict that Uber Technologies, Inc. will post 2.54 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. Wall Street Zen cut shares of Uber Technologies from a “buy” rating to a “hold” rating in a research note on Saturday, January 17th. Sanford C. Bernstein reissued an “outperform” rating on shares of Uber Technologies in a report on Thursday, December 18th. The Goldman Sachs Group set a $125.00 price objective on Uber Technologies in a research note on Wednesday, February 4th. Susquehanna reissued a “positive” rating and set a $110.00 target price on shares of Uber Technologies in a research note on Wednesday, November 5th. Finally, UBS Group set a $111.00 price objective on shares of Uber Technologies in a report on Monday, February 2nd. One equities research analyst has rated the stock with a Strong Buy rating, thirty-three have issued a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $104.89.

Insider Activity at Uber Technologies

In related news, insider Tony West sold 3,125 shares of Uber Technologies stock in a transaction dated Tuesday, January 20th. The stock was sold at an average price of $83.50, for a total value of $260,937.50. Following the completion of the transaction, the insider owned 176,584 shares in the company, valued at approximately $14,744,764. This trade represents a 1.74% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Over the last ninety days, insiders have sold 9,375 shares of company stock valued at $799,875. 3.84% of the stock is currently owned by company insiders.

Uber Technologies Company Profile

Uber Technologies, Inc is a technology company that operates a global platform connecting riders, drivers, couriers, restaurants and shippers. Founded in 2009 by Garrett Camp and Travis Kalanick and headquartered in San Francisco, Uber developed one of the first large-scale ride-hailing marketplaces and has since expanded into a broader set of mobility and logistics services. The company completed its initial public offering in 2019 and continues to position its app-based network as a multi-modal transportation and delivery platform.

Uber’s principal businesses include mobility services (ride-hailing and shared rides), delivery through Uber Eats, and freight logistics via Uber Freight.