Mufg Securities Americas Inc. Buys New Position in Uber Technologies, Inc. (NYSE:UBER)

Mufg Securities Americas Inc. acquired a new position in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 31,084 shares of the ride-sharing company's stock, valued at approximately $1,875,000.

Several other institutional investors have also modified their holdings of UBER. Vanguard Group Inc. raised its stake in Uber Technologies by 1.3% in the 4th quarter. Vanguard Group Inc. now owns 180,766,683 shares of the ride-sharing company's stock valued at $10,903,846,000 after purchasing an additional 2,364,525 shares during the last quarter. Capital Research Global Investors grew its holdings in 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. Geode Capital Management LLC boosted its holdings in shares of Uber Technologies by 2.5% in the 4th quarter. Geode Capital Management LLC now owns 43,561,447 shares of the ride-sharing company's stock valued at $2,621,929,000 after purchasing an additional 1,061,088 shares during the last quarter. Capital World Investors increased its holdings in shares of Uber Technologies by 10.1% during the 4th quarter. Capital World Investors now owns 30,355,075 shares of the ride-sharing company's stock worth $1,831,021,000 after buying an additional 2,792,039 shares during the last quarter. Finally, Jennison Associates LLC raised its position in shares of Uber Technologies by 36.9% in the 4th quarter. Jennison Associates LLC now owns 26,460,312 shares of the ride-sharing company's stock worth $1,596,086,000 after buying an additional 7,137,512 shares during the period. Hedge funds and other institutional investors own 80.24% of the company's stock.

Insiders Place Their Bets

In related news, insider Jill Hazelbaker sold 34,884 shares of the company'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 now directly owns 102,135 shares in the company, valued at approximately $8,786,674.05. This represents a 25.46% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the stock in a transaction on Thursday, March 20th. The stock was sold at an average price of $75.00, for a total transaction of $206,250.00. Following the transaction, the chief financial officer now directly owns 22,162 shares in the company, valued at $1,662,150. The trade was a 11.04% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 114,788 shares of company stock worth $9,028,690. 3.84% of the stock is currently owned by company insiders.

Uber Technologies Price Performance

Uber Technologies stock traded up $1.64 during midday trading on Friday, hitting $91.80. The company's stock had a trading volume of 21,819,504 shares, compared to its average volume of 20,365,540. Uber Technologies, Inc. has a 12 month low of $54.84 and a 12 month high of $92.89. The company has a quick ratio of 1.41, a current ratio of 1.07 and a debt-to-equity ratio of 0.37. The company has a market capitalization of $191.96 billion, a PE ratio of 20.13, a price-to-earnings-growth ratio of 0.89 and a beta of 1.43. The stock's 50-day moving average price is $75.91 and its 200-day moving average price is $71.91.

Uber Technologies (NYSE:UBER - Get Free Report) last issued its earnings results on Wednesday, May 7th. The ride-sharing company reported $0.83 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.50 by $0.33. The business had revenue of $11.53 billion for the quarter, compared to analysts' expectations of $11.61 billion. Uber Technologies had a return on equity of 62.60% and a net margin of 22.41%. The company's quarterly revenue was up 13.8% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.32) EPS. Analysts anticipate that Uber Technologies, Inc. will post 2.54 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on UBER shares. UBS Group upped their price target on Uber Technologies from $103.00 to $107.00 and gave the stock a "buy" rating in a research note on Thursday, May 8th. JMP Securities reaffirmed a "market perform" rating on shares of Uber Technologies in a research report on Thursday. Raymond James increased their price objective on shares of Uber Technologies from $95.00 to $100.00 and gave the stock a "strong-buy" rating in a research report on Thursday, May 8th. Piper Sandler reissued an "overweight" rating and issued a $87.00 price objective (up from $80.00) on shares of Uber Technologies in a research report on Tuesday, February 18th. Finally, Barclays upped their target price on Uber Technologies from $86.00 to $97.00 and gave the stock an "overweight" rating in a research report on Thursday, May 8th. Eleven analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $92.69.

Uber Technologies Company 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.