Mizuho Securities USA LLC decreased its position in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 16.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 167,267 shares of the ride-sharing company's stock after selling 32,306 shares during the period. Mizuho Securities USA LLC's holdings in Uber Technologies were worth $12,187,000 as of its most recent SEC filing.
Several other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in shares of Uber Technologies by 3.2% in the first quarter. Vanguard Group Inc. now owns 186,526,036 shares of the ride-sharing company's stock valued at $13,590,287,000 after purchasing an additional 5,759,353 shares during the period. Capital Research Global Investors increased its holdings in shares of Uber Technologies by 79.0% in the fourth quarter. Capital Research Global Investors now owns 118,131,681 shares of the ride-sharing company's stock valued at $7,125,728,000 after purchasing an additional 52,125,476 shares during the period. Capital World Investors increased its holdings in shares of Uber Technologies by 10.1% in the fourth quarter. Capital World Investors now owns 30,355,075 shares of the ride-sharing company's stock valued at $1,831,021,000 after purchasing an additional 2,792,039 shares during the period. Northern Trust Corp increased its holdings in shares of Uber Technologies by 9.0% in the fourth quarter. Northern Trust Corp now owns 18,520,516 shares of the ride-sharing company's stock valued at $1,117,158,000 after purchasing an additional 1,528,168 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of Uber Technologies by 3.0% in the first quarter. Charles Schwab Investment Management Inc. now owns 13,667,322 shares of the ride-sharing company's stock valued at $995,801,000 after purchasing an additional 394,157 shares during the period. Institutional investors and hedge funds own 80.24% of the company's stock.
Insider Buying and Selling
In related news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the firm's stock in a transaction that occurred on Monday, July 7th. The stock was sold at an average price of $95.00, for a total value of $261,250.00. Following the sale, the chief financial officer directly owned 21,975 shares in the company, valued at $2,087,625. This trade represents a 11.12% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 3.84% of the stock is currently owned by corporate insiders.
Wall Street Analyst Weigh In
A number of research firms recently weighed in on UBER. Wells Fargo & Company decreased their price target on Uber Technologies from $120.00 to $119.00 and set an "overweight" rating on the stock in a research note on Thursday. Royal Bank Of Canada boosted their target price on Uber Technologies from $94.00 to $100.00 and gave the stock an "outperform" rating in a research report on Thursday. Bank of America boosted their target price on Uber Technologies from $97.00 to $115.00 and gave the stock a "buy" rating in a research report on Tuesday, July 8th. BMO Capital Markets boosted their target price on Uber Technologies from $101.00 to $113.00 and gave the stock an "outperform" rating in a research report on Thursday. Finally, The Goldman Sachs Group boosted their target price on Uber Technologies from $96.00 to $110.00 and gave the stock a "buy" rating in a research report on Thursday, May 8th. Eleven research analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $102.82.
Read Our Latest Stock Analysis on UBER
Uber Technologies Stock Performance
Shares of NYSE UBER traded up $1.07 during mid-day trading on Monday, hitting $90.63. The company had a trading volume of 16,655,376 shares, compared to its average volume of 22,365,785. Uber Technologies, Inc. has a 12 month low of $59.33 and a 12 month high of $97.71. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.11 and a quick ratio of 1.11. The stock has a market cap of $189.52 billion, a price-to-earnings ratio of 15.44, a PEG ratio of 1.03 and a beta of 1.43. The firm's 50 day simple moving average is $89.44 and its two-hundred day simple moving average is $81.25.
Uber Technologies (NYSE:UBER - Get Free Report) last posted its earnings results on Wednesday, August 6th. The ride-sharing company reported $0.63 EPS for the quarter, beating the consensus estimate of $0.61 by $0.02. Uber Technologies had a return on equity of 59.96% and a net margin of 26.68%. The firm had revenue of $12.65 billion for the quarter, compared to analysts' expectations of $12.45 billion. During the same period last year, the firm earned $0.47 EPS. The firm's revenue was up 18.2% compared to the same quarter last year. As a group, equities research analysts forecast that Uber Technologies, Inc. will post 2.54 earnings per share for the current year.
Uber Technologies Company Profile
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Free Report)
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.
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