Sumitomo Mitsui DS Asset Management Company Ltd Purchases 6,137 Shares of Uber Technologies, Inc. (NYSE:UBER)

Sumitomo Mitsui DS Asset Management Company Ltd increased its position in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 2.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 251,817 shares of the ride-sharing company's stock after acquiring an additional 6,137 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd's holdings in Uber Technologies were worth $18,347,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Capital Research Global Investors increased its stake in Uber Technologies by 79.0% in the 4th quarter. Capital Research Global Investors now owns 118,131,681 shares of the ride-sharing company's stock worth $7,125,728,000 after acquiring an additional 52,125,476 shares during the last quarter. Norges Bank purchased a new position in shares of Uber Technologies during the fourth quarter worth about $1,467,754,000. Boston Partners bought a new position in shares of Uber Technologies in the fourth quarter worth approximately $381,057,000. Toyota Motor Corp bought a new stake in Uber Technologies during the fourth quarter valued at approximately $309,192,000. Finally, Jericho Capital Asset Management L.P. purchased a new position in Uber Technologies in the 4th quarter worth approximately $298,644,000. 80.24% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Uber Technologies

In other Uber Technologies news, insider Jill Hazelbaker sold 34,884 shares of the firm's stock in a transaction dated 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 $8,786,674.05. This trade represents a 25.46% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of Uber Technologies stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $85.00, for a total value of $233,750.00. Following the sale, the chief financial officer directly owned 21,063 shares in the company, valued at approximately $1,790,355. The trade was a 11.55% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 3.84% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on UBER shares. Bank of America increased their price target on shares of Uber Technologies from $96.00 to $97.00 and gave the stock a "buy" rating in a report on Thursday, May 8th. JPMorgan Chase & Co. increased their target price on Uber Technologies from $92.00 to $105.00 and gave the company an "overweight" rating in a research note on Tuesday, May 20th. TD Cowen dropped their price target on Uber Technologies from $90.00 to $88.00 and set a "buy" rating for the company in a research note on Tuesday, April 8th. Barclays upped their price objective on Uber Technologies from $86.00 to $97.00 and gave the stock an "overweight" rating in a report on Thursday, May 8th. Finally, KGI Securities reissued a "neutral" rating and set a $78.00 price objective on shares of Uber Technologies in a report on Tuesday, March 11th. Twelve analysts have rated the stock with a hold rating and twenty-seven have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $94.85.

Uber Technologies Trading Down 0.1%

Shares of UBER traded down $0.12 during mid-day trading on Wednesday, hitting $92.01. 13,599,454 shares of the company's stock traded hands, compared to its average volume of 21,088,010. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.37. The firm has a market capitalization of $192.41 billion, a P/E ratio of 16.11, a PEG ratio of 1.17 and a beta of 1.40. The business's 50-day moving average price is $85.92 and its 200-day moving average price is $75.75. Uber Technologies, Inc. has a 1 year low of $54.84 and a 1 year high of $94.38.

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

About Uber Technologies

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.