Sumitomo Mitsui DS Asset Management Company Ltd Purchases 25,618 Shares of Uber Technologies, Inc. (NYSE:UBER)

Sumitomo Mitsui DS Asset Management Company Ltd lifted its holdings in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 14.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 208,488 shares of the ride-sharing company's stock after purchasing an additional 25,618 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd's holdings in Uber Technologies were worth $12,837,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in UBER. OFI Invest Asset Management bought a new stake in Uber Technologies during the third quarter worth $26,000. Ritter Daniher Financial Advisory LLC DE raised its position in Uber Technologies by 2,545.5% during the third quarter. Ritter Daniher Financial Advisory LLC DE now owns 582 shares of the ride-sharing company's stock worth $27,000 after acquiring an additional 560 shares in the last quarter. JFS Wealth Advisors LLC raised its position in Uber Technologies by 319.4% during the third quarter. JFS Wealth Advisors LLC now owns 650 shares of the ride-sharing company's stock worth $30,000 after acquiring an additional 495 shares in the last quarter. CVA Family Office LLC bought a new stake in Uber Technologies during the fourth quarter worth $30,000. Finally, Highlander Capital Management LLC raised its position in Uber Technologies by 100.0% during the fourth quarter. Highlander Capital Management LLC now owns 500 shares of the ride-sharing company's stock worth $31,000 after acquiring an additional 250 shares in the last quarter. Institutional investors own 80.24% of the company's stock.

Uber Technologies Price Performance

Shares of UBER stock traded down $2.10 on Friday, reaching $69.20. The company had a trading volume of 23,185,965 shares, compared to its average volume of 14,281,957. The stock has a market capitalization of $144.03 billion, a PE ratio of 80.47, a price-to-earnings-growth ratio of 1.10 and a beta of 1.36. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.79. Uber Technologies, Inc. has a one year low of $29.22 and a one year high of $82.14. The business's 50-day moving average is $76.89 and its 200 day moving average is $63.77.

Uber Technologies (NYSE:UBER - Get Free Report) last posted its earnings results on Wednesday, February 7th. The ride-sharing company reported $0.66 EPS for the quarter, topping analysts' consensus estimates of $0.16 by $0.50. The firm had revenue of $9.94 billion during the quarter, compared to analysts' expectations of $9.76 billion. Uber Technologies had a net margin of 5.06% and a return on equity of 18.95%. The business's revenue for the quarter was up 15.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.29 earnings per share. Equities research analysts forecast that Uber Technologies, Inc. will post 1.22 EPS for the current fiscal year.

Insider Transactions at Uber Technologies

In related news, insider Jill Hazelbaker sold 20,000 shares of the firm's stock in a transaction that occurred on Wednesday, February 14th. The shares were sold at an average price of $77.83, for a total value of $1,556,600.00. Following the completion of the transaction, the insider now owns 107,290 shares in the company, valued at approximately $8,350,380.70. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, insider Tony West sold 18,750 shares of the firm's stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $70.08, for a total value of $1,314,000.00. Following the completion of the transaction, the insider now owns 185,566 shares in the company, valued at approximately $13,004,465.28. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Jill Hazelbaker sold 20,000 shares of the firm's stock in a transaction that occurred on Wednesday, February 14th. The shares were sold at an average price of $77.83, for a total transaction of $1,556,600.00. Following the completion of the transaction, the insider now owns 107,290 shares of the company's stock, valued at approximately $8,350,380.70. The disclosure for this sale can be found here. Company insiders own 3.84% of the company's stock.

Analyst Ratings Changes

UBER has been the topic of several analyst reports. Piper Sandler upped their price target on shares of Uber Technologies from $78.00 to $92.00 and gave the stock an "overweight" rating in a research report on Friday, March 15th. Truist Financial upped their price objective on shares of Uber Technologies from $90.00 to $94.00 and gave the company a "buy" rating in a report on Wednesday, March 27th. UBS Group upped their price objective on shares of Uber Technologies from $94.00 to $96.00 and gave the company a "buy" rating in a report on Thursday, February 15th. Moffett Nathanson reiterated a "buy" rating and issued a $92.00 price objective on shares of Uber Technologies in a report on Thursday, April 11th. Finally, BMO Capital Markets upped their price objective on shares of Uber Technologies from $82.00 to $92.00 and gave the company an "outperform" rating in a report on Thursday, February 15th. Two investment analysts have rated the stock with a hold rating and twenty-nine have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $78.94.

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.