Uber Technologies, Inc. $UBER Shares Purchased by Sumitomo Mitsui Trust Group Inc.

Key Points

• Sumitomo Mitsui Trust Group Inc. raised its stake in Uber Technologies by 6.8% in the second quarter, now owning approximately 0.30% of the company valued at $578 million.
• Uber reported $12.65 billion in revenue for the last quarter with earnings per share (EPS) of $0.63, beating analysts' estimates.
• Insider trading activities revealed that executives sold a total of 604,946 shares amounting to approximately $59 million in the last ninety days.

Sumitomo Mitsui Trust Group Inc. boosted its position in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 6.8% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 6,198,176 shares of the ride-sharing company's stock after purchasing an additional 393,330 shares during the period. Sumitomo Mitsui Trust Group Inc. owned approximately 0.30% of Uber Technologies worth $578,290,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Pershing Square Capital Management L.P. acquired a new stake in shares of Uber Technologies during the 1st quarter valued at $2,207,743,000. Kingstone Capital Partners Texas LLC lifted its position in shares of Uber Technologies by 334,075.7% during the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 19,973,682 shares of the ride-sharing company's stock valued at $1,863,545,000 after acquiring an additional 19,967,705 shares during the last quarter. Pacer Advisors Inc. lifted its position in shares of Uber Technologies by 2,571.2% during the 1st quarter. Pacer Advisors Inc. now owns 6,498,167 shares of the ride-sharing company's stock valued at $473,456,000 after acquiring an additional 6,254,898 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of Uber Technologies by 3.2% during the 1st quarter. Vanguard Group Inc. now owns 186,526,036 shares of the ride-sharing company's stock valued at $13,590,287,000 after acquiring an additional 5,759,353 shares during the last quarter. Finally, Nordea Investment Management AB lifted its position in shares of Uber Technologies by 105.9% during the 2nd quarter. Nordea Investment Management AB now owns 5,459,829 shares of the ride-sharing company's stock valued at $506,618,000 after acquiring an additional 2,807,967 shares during the last quarter. 80.24% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Uber Technologies news, insider Jill Hazelbaker sold 31,250 shares of Uber Technologies stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $96.42, for a total transaction of $3,013,125.00. Following the sale, the insider owned 86,531 shares in the company, valued at $8,343,319.02. The trade was a 26.53% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Tony West sold 100,000 shares of the company's stock in a transaction that occurred on Monday, September 22nd. The shares were sold at an average price of $100.38, for a total value of $10,038,000.00. Following the completion of the sale, the insider owned 171,558 shares in the company, valued at approximately $17,220,992.04. This represents a 36.82% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 604,946 shares of company stock valued at $58,950,116 in the last ninety days. Company insiders own 3.84% of the company's stock.

Uber Technologies Stock Performance

Shares of UBER stock opened at $94.81 on Friday. The company has a market capitalization of $197.71 billion, a price-to-earnings ratio of 16.15 and a beta of 1.48. Uber Technologies, Inc. has a 1-year low of $59.33 and a 1-year high of $101.99. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.41. The stock's fifty day simple moving average is $95.40 and its 200-day simple moving average is $89.18.

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 (EPS) for the quarter, beating analysts' consensus estimates 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 during the quarter, compared to analysts' expectations of $12.45 billion. During the same quarter last year, the firm earned $0.47 earnings per share. The business's revenue for the quarter was up 18.2% on a year-over-year basis. On average, sell-side analysts predict that Uber Technologies, Inc. will post 2.54 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

UBER has been the subject of a number of recent research reports. Wedbush cut their price objective on Uber Technologies from $85.00 to $84.00 and set a "neutral" rating for the company in a research report on Thursday, August 7th. Needham & Company LLC increased their price objective on Uber Technologies from $100.00 to $109.00 and gave the company a "buy" rating in a research report on Monday, July 14th. Raymond James Financial increased their price objective on Uber Technologies from $100.00 to $105.00 and gave the company a "strong-buy" rating in a research report on Thursday, August 7th. Mizuho began coverage on Uber Technologies in a research report on Monday, September 29th. They set an "outperform" rating and a $130.00 price objective for the company. Finally, Morgan Stanley reissued an "overweight" rating and set a $115.00 target price (up from $95.00) on shares of Uber Technologies in a research note on Monday, July 21st. Three investment analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $105.70.

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.

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