Mizuho Securities Co. Ltd. Lowers Stake in Uber Technologies, Inc. (NYSE:UBER)

Mizuho Securities Co. Ltd. lessened its holdings in Uber Technologies, Inc. (NYSE:UBER) by 6.8% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 12,540 shares of the ride-sharing company’s stock after selling 920 shares during the period. Uber Technologies comprises approximately 2.8% of Mizuho Securities Co. Ltd.’s holdings, making the stock its 9th biggest position. Mizuho Securities Co. Ltd.’s holdings in Uber Technologies were worth $772,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the business. Vanguard Group Inc. lifted its stake in shares of Uber Technologies by 1.7% in the 3rd quarter. Vanguard Group Inc. now owns 124,353,537 shares of the ride-sharing company’s stock worth $5,719,019,000 after purchasing an additional 2,067,098 shares during the period. Brown Advisory Inc. increased its holdings in Uber Technologies by 1,108.6% in the 3rd quarter. Brown Advisory Inc. now owns 15,683,867 shares of the ride-sharing company’s stock worth $721,301,000 after acquiring an additional 14,386,205 shares in the last quarter. Northern Trust Corp increased its holdings in Uber Technologies by 2.9% in the 3rd quarter. Northern Trust Corp now owns 12,356,034 shares of the ride-sharing company’s stock worth $568,254,000 after acquiring an additional 351,575 shares in the last quarter. Winslow Capital Management LLC increased its holdings in Uber Technologies by 33.6% in the 3rd quarter. Winslow Capital Management LLC now owns 9,062,836 shares of the ride-sharing company’s stock worth $416,800,000 after acquiring an additional 2,278,252 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA purchased a new stake in Uber Technologies in the 3rd quarter worth approximately $272,625,000. Institutional investors own 80.24% of the company’s stock.

Uber Technologies Stock Performance

Shares of Uber Technologies stock traded up $1.82 on Tuesday, reaching $70.80. 16,238,751 shares of the stock were exchanged, compared to its average volume of 19,644,313. 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 twelve month low of $29.22 and a twelve month high of $82.14. The firm has a market capitalization of $147.36 billion, a price-to-earnings ratio of 82.33, a PEG ratio of 1.10 and a beta of 1.36. The business has a 50 day moving average price of $76.92 and a two-hundred day moving average price of $64.12.

Uber Technologies (NYSE:UBER) last released 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. Uber Technologies had a return on equity of 18.95% and a net margin of 5.06%. The firm had revenue of $9.94 billion during the quarter, compared to the consensus estimate of $9.76 billion. During the same quarter in the previous year, the company posted $0.29 earnings per share. The company’s revenue was up 15.4% compared to the same quarter last year. Analysts anticipate that Uber Technologies, Inc. will post 1.22 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. Mizuho increased their target price on shares of Uber Technologies from $77.00 to $83.00 and gave the stock a “buy” rating in a report on Thursday, February 8th. Truist Financial increased their target price on shares of Uber Technologies from $90.00 to $94.00 and gave the stock a “buy” rating in a report on Wednesday, March 27th. Jefferies Financial Group increased their price objective on shares of Uber Technologies from $95.00 to $100.00 and gave the company a “buy” rating in a report on Friday, April 5th. Needham & Company LLC reaffirmed a “buy” rating and set a $90.00 price objective on shares of Uber Technologies in a report on Friday, April 5th. Finally, UBS Group increased 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. Two analysts have rated the stock with a hold rating and twenty-nine have assigned a buy rating to the company’s stock. According to data from MarketBeat, Uber Technologies has a consensus rating of “Moderate Buy” and an average price target of $78.94.

Insider Buying and Selling at Uber Technologies

In other Uber Technologies news, insider Tony West sold 18,750 shares of the business’s stock in a transaction that occurred on Monday, February 12th. The stock was 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 directly owns 185,566 shares of the company’s stock, valued at $13,004,465.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Uber Technologies news, insider Tony West sold 18,750 shares of the business’s stock in a transaction that occurred on Monday, February 12th. The stock was 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 directly owns 185,566 shares of the company’s stock, valued at $13,004,465.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Jill Hazelbaker sold 20,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 14th. The stock was sold at an average price of $77.83, for a total value of $1,556,600.00. Following the transaction, the insider now directly owns 107,290 shares of the company’s stock, valued at $8,350,380.70. The disclosure for this sale can be found here. 3.80% of the stock is currently owned by corporate 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.