Uber Technologies, Inc. (NYSE:UBER) Shares Acquired by Mizuho Markets Americas LLC

Key Points

• Mizuho Markets Americas LLC increased its holdings in Uber Technologies, Inc. by 280.2% during the first quarter, owning 421,000 shares valued at approximately $30.67 million.
• Multiple analysts have upgraded their price targets for Uber, with Loop Capital setting a new target of $105.00 and BMO Capital Markets adjusting it to $113.00, reflecting positive market sentiment.
• In the latest financial report, Uber's earnings per share (EPS) was $0.63, exceeding expectations and showing a revenue increase of 18.2% year-over-year.

Mizuho Markets Americas LLC grew its holdings in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 280.2% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 421,000 shares of the ride-sharing company's stock after buying an additional 310,271 shares during the period. Mizuho Markets Americas LLC's holdings in Uber Technologies were worth $30,674,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of the business. Vanguard Group Inc. increased its position in Uber Technologies by 3.2% during the first quarter. Vanguard Group Inc. now owns 186,526,036 shares of the ride-sharing company's stock worth $13,590,287,000 after purchasing an additional 5,759,353 shares during the last quarter. Capital Research Global Investors increased its position in Uber Technologies by 79.0% during the fourth quarter. Capital Research Global Investors now owns 118,131,681 shares of the ride-sharing company's stock worth $7,125,728,000 after purchasing an additional 52,125,476 shares during the last quarter. Capital World Investors increased its position in Uber Technologies by 10.1% during the fourth quarter. Capital World Investors now owns 30,355,075 shares of the ride-sharing company's stock worth $1,831,021,000 after purchasing an additional 2,792,039 shares during the last quarter. Northern Trust Corp increased its position in Uber Technologies by 9.0% during the fourth quarter. Northern Trust Corp now owns 18,520,516 shares of the ride-sharing company's stock worth $1,117,158,000 after purchasing an additional 1,528,168 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in Uber Technologies by 3.0% during the first quarter. Charles Schwab Investment Management Inc. now owns 13,667,322 shares of the ride-sharing company's stock worth $995,801,000 after purchasing an additional 394,157 shares during the last quarter. 80.24% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms recently issued reports on UBER. Cowen restated a "buy" rating on shares of Uber Technologies in a research report on Thursday. KeyCorp increased their target price on shares of Uber Technologies from $90.00 to $110.00 and gave the stock an "overweight" rating in a research note on Monday, July 14th. Needham & Company LLC increased their target price on shares of Uber Technologies from $100.00 to $109.00 and gave the stock a "buy" rating in a research note on Monday, July 14th. Morgan Stanley reaffirmed an "overweight" rating and set a $115.00 target price (up previously from $95.00) on shares of Uber Technologies in a research note on Monday, July 21st. Finally, Sanford C. Bernstein increased their target price on shares of Uber Technologies from $95.00 to $110.00 and gave the stock an "outperform" rating in a research note on Monday, July 21st. Eleven equities research analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $102.82.

Insider Buying and Selling

In other news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of Uber Technologies stock in a transaction on Monday, July 7th. The shares were sold at an average price of $95.00, for a total value of $261,250.00. Following the transaction, the chief financial officer directly owned 21,975 shares of the company's stock, valued at $2,087,625. The trade was a 11.12% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Jill Hazelbaker sold 34,884 shares of Uber Technologies stock in a transaction on Monday, May 12th. The shares were sold at an average price of $86.03, for a total transaction of $3,001,070.52. Following the completion of the transaction, the insider directly owned 102,135 shares in the company, valued at $8,786,674.05. The trade was a 25.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.84% of the stock is currently owned by company insiders.

Uber Technologies Stock Down 3.3%

UBER stock traded down $3.03 during midday trading on Friday, reaching $89.64. 26,183,828 shares of the company were exchanged, compared to its average volume of 18,471,660. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.02 and a current ratio of 1.11. Uber Technologies, Inc. has a 1-year low of $59.33 and a 1-year high of $97.71. The stock's 50-day simple moving average is $89.44 and its 200 day simple moving average is $81.16. The company has a market cap of $187.45 billion, a price-to-earnings ratio of 15.27, a price-to-earnings-growth ratio of 1.03 and a beta of 1.43.

Uber Technologies (NYSE:UBER - Get Free Report) last released its quarterly earnings data on Wednesday, August 6th. The ride-sharing company reported $0.63 earnings per share for the quarter, topping analysts' consensus estimates of $0.61 by $0.02. Uber Technologies had a net margin of 26.68% and a return on equity of 59.96%. The company had revenue of $12.65 billion for the quarter, compared to analysts' expectations of $12.45 billion. During the same quarter last year, the company earned $0.47 earnings per share. The firm's revenue for the quarter was up 18.2% on a year-over-year basis. On average, equities analysts forecast that Uber Technologies, Inc. will post 2.54 earnings per share for the current year.

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.