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Resona Asset Management Co. Ltd. Grows Holdings in Uber Technologies, Inc. (NYSE:UBER)

Uber Technologies logo with Computer and Technology background

Resona Asset Management Co. Ltd. increased its position in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 8.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 590,615 shares of the ride-sharing company's stock after buying an additional 47,042 shares during the period. Resona Asset Management Co. Ltd.'s holdings in Uber Technologies were worth $43,022,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Rathbones Group PLC increased its position in shares of Uber Technologies by 39.2% in the 1st quarter. Rathbones Group PLC now owns 1,108,995 shares of the ride-sharing company's stock worth $80,801,000 after purchasing an additional 312,499 shares during the last quarter. Callan Family Office LLC raised its stake in shares of Uber Technologies by 46.0% in the 1st quarter. Callan Family Office LLC now owns 25,490 shares of the ride-sharing company's stock valued at $1,857,000 after purchasing an additional 8,034 shares in the last quarter. Bulltick Wealth Management LLC raised its stake in shares of Uber Technologies by 26.7% in the 1st quarter. Bulltick Wealth Management LLC now owns 63,304 shares of the ride-sharing company's stock valued at $4,612,000 after purchasing an additional 13,321 shares in the last quarter. Trajan Wealth LLC raised its stake in shares of Uber Technologies by 0.4% in the 1st quarter. Trajan Wealth LLC now owns 194,457 shares of the ride-sharing company's stock valued at $14,168,000 after purchasing an additional 789 shares in the last quarter. Finally, Capital Planning Advisors LLC acquired a new stake in shares of Uber Technologies in the 1st quarter valued at about $203,000. Hedge funds and other institutional investors own 80.24% of the company's stock.

Uber Technologies Trading Up 1.2%

Shares of NYSE:UBER opened at $90.63 on Tuesday. The company has a 50 day moving average of $89.58 and a 200-day moving average of $81.40. The firm has a market cap of $189.00 billion, a P/E ratio of 15.44, a P/E/G ratio of 1.03 and a beta of 1.43. Uber Technologies, Inc. has a twelve month low of $59.33 and a twelve month high of $97.71. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.41.

Uber Technologies (NYSE:UBER - Get Free Report) last issued its quarterly earnings results 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. The company had revenue of $12.65 billion during the quarter, compared to analyst estimates of $12.45 billion. Uber Technologies had a net margin of 26.68% and a return on equity of 59.96%. The business's revenue for the quarter was up 18.2% compared to the same quarter last year. During the same period in the prior year, the business posted $0.47 EPS. As a group, analysts anticipate that Uber Technologies, Inc. will post 2.54 earnings per share for the current fiscal year.

Insider Buying and Selling at Uber Technologies

In other news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the company's stock in a transaction that occurred 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 completion of the sale, the chief financial officer directly owned 21,975 shares of the company's stock, valued at approximately $2,087,625. This represents a 11.12% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 3.70% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on UBER. The Goldman Sachs Group lifted 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. DA Davidson lifted their target price on Uber Technologies from $80.00 to $98.00 and gave the stock a "buy" rating in a research report on Thursday, May 8th. Raymond James Financial lifted their target price on Uber Technologies from $100.00 to $105.00 and gave the stock a "strong-buy" rating in a research report on Thursday, August 7th. JPMorgan Chase & Co. lifted their price target on shares of Uber Technologies from $105.00 to $110.00 and gave the company an "overweight" rating in a report on Friday, July 11th. Finally, UBS Group lifted their price target on shares of Uber Technologies from $115.00 to $117.00 and gave the company a "buy" rating in a report on Thursday, August 7th. 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 company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $102.82.

Read Our Latest Stock Report on UBER

About Uber Technologies

(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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Institutional Ownership by Quarter for Uber Technologies (NYSE:UBER)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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