SBI Securities Co. Ltd. Has $2.52 Million Position in Uber Technologies, Inc. (NYSE:UBER)

SBI Securities Co. Ltd. trimmed its holdings in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 71.5% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 34,633 shares of the ride-sharing company's stock after selling 86,720 shares during the period. SBI Securities Co. Ltd.'s holdings in Uber Technologies were worth $2,523,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the business. Brighton Jones LLC grew its holdings in Uber Technologies by 3.4% during the fourth quarter. Brighton Jones LLC now owns 74,460 shares of the ride-sharing company's stock worth $4,491,000 after acquiring an additional 2,474 shares during the period. Revolve Wealth Partners LLC grew its holdings in Uber Technologies by 65.0% during the fourth quarter. Revolve Wealth Partners LLC now owns 15,563 shares of the ride-sharing company's stock worth $939,000 after acquiring an additional 6,129 shares during the period. Bank Pictet & Cie Europe AG acquired a new position in Uber Technologies during the fourth quarter worth about $395,000. Proficio Capital Partners LLC grew its holdings in Uber Technologies by 3.2% during the fourth quarter. Proficio Capital Partners LLC now owns 70,613 shares of the ride-sharing company's stock worth $4,259,000 after acquiring an additional 2,184 shares during the period. Finally, Harbour Investments Inc. grew its holdings in Uber Technologies by 25.4% during the fourth quarter. Harbour Investments Inc. now owns 13,575 shares of the ride-sharing company's stock worth $819,000 after acquiring an additional 2,748 shares during the period. 80.24% of the stock is owned by institutional investors and hedge funds.

Uber Technologies Stock Performance

UBER traded down $0.10 on Friday, hitting $90.40. The company had a trading volume of 10,378,739 shares, compared to its average volume of 21,140,585. The company's fifty day moving average price is $89.06 and its 200 day moving average price is $78.37. Uber Technologies, Inc. has a 1-year low of $54.84 and a 1-year high of $97.72. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.02 and a quick ratio of 1.02. The stock has a market cap of $189.04 billion, a price-to-earnings ratio of 15.84, a price-to-earnings-growth ratio of 1.15 and a beta of 1.40.

Uber Technologies (NYSE:UBER - Get Free Report) last posted its earnings results on Wednesday, May 7th. The ride-sharing company reported $0.83 earnings per share for the quarter, topping the consensus estimate of $0.50 by $0.33. The firm had revenue of $11.53 billion during the quarter, compared to analyst estimates of $11.61 billion. Uber Technologies had a return on equity of 66.46% and a net margin of 27.07%. The company's revenue for the quarter was up 13.8% on a year-over-year basis. During the same period in the previous year, the company earned ($0.32) EPS. Equities analysts predict that Uber Technologies, Inc. will post 2.54 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages recently weighed in on UBER. Cantor Fitzgerald reissued an "overweight" rating and issued a $106.00 price target (up previously from $96.00) on shares of Uber Technologies in a research note on Wednesday, June 25th. Stifel Nicolaus began coverage on Uber Technologies in a research note on Wednesday, June 11th. They issued a "buy" rating and a $110.00 price target on the stock. The Goldman Sachs Group lifted their price target on Uber Technologies from $96.00 to $110.00 and gave the stock a "buy" rating in a research note on Thursday, May 8th. Barclays lifted their price target on Uber Technologies from $86.00 to $97.00 and gave the stock an "overweight" rating in a research note on Thursday, May 8th. Finally, Canaccord Genuity Group reissued a "hold" rating and issued a $84.00 price target (down previously from $90.00) on shares of Uber Technologies in a research note on Friday, June 27th. Thirteen research analysts have rated the stock with a hold rating and twenty-seven have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $97.63.

Insider Buying and Selling

In related news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the business's stock in a transaction 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 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 filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Jill Hazelbaker sold 34,884 shares of the business's stock in a transaction on Monday, May 12th. The shares were sold at an average price of $86.03, for a total value of $3,001,070.52. Following the completion of the sale, the insider directly owned 102,135 shares in the company, valued at approximately $8,786,674.05. This represents a 25.46% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 40,384 shares of company stock worth $3,496,071. 3.84% of the stock is currently owned by company insiders.

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.