Mizuho Securities Co. Ltd. Trims Position in Uber Technologies, Inc. (NYSE:UBER)

Mizuho Securities Co. Ltd. decreased its stake in shares of Uber Technologies, Inc. (NYSE:UBER) by 6.8% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 12,540 shares of the ride-sharing company’s stock after selling 920 shares during the period. Uber Technologies comprises about 2.8% of Mizuho Securities Co. Ltd.’s investment portfolio, making the stock its 9th biggest holding. Mizuho Securities Co. Ltd.’s holdings in Uber Technologies were worth $772,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of UBER. OFI Invest Asset Management acquired a new position in Uber Technologies in the third quarter worth approximately $26,000. Ritter Daniher Financial Advisory LLC DE boosted its holdings in Uber Technologies by 2,545.5% in the third quarter. Ritter Daniher Financial Advisory LLC DE now owns 582 shares of the ride-sharing company’s stock worth $27,000 after purchasing an additional 560 shares in the last quarter. JFS Wealth Advisors LLC lifted its position in Uber Technologies by 319.4% during the 3rd 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 during the last quarter. CVA Family Office LLC acquired a new position in Uber Technologies during the 4th quarter worth $30,000. Finally, Highlander Capital Management LLC lifted its position in Uber Technologies by 100.0% during the 4th 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 during the last quarter. Institutional investors own 80.24% of the company’s stock.

Insider Buying and Selling

In related news, insider Tony West sold 18,750 shares of the firm’s stock in a transaction 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 of the company’s stock, valued at $13,004,465.28. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, insider Jill Hazelbaker sold 20,000 shares of the firm’s stock in a transaction 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 of the company’s stock, valued at $8,350,380.70. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Tony West sold 18,750 shares of Uber Technologies stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $70.08, for a total transaction 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 approximately $13,004,465.28. The disclosure for this sale can be found here. 3.80% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Truist Financial upped their target price on shares of Uber Technologies from $90.00 to $94.00 and gave the company a “buy” rating in a research note on Wednesday, March 27th. The Goldman Sachs Group upped their price objective on shares of Uber Technologies from $59.00 to $78.00 and gave the stock a “buy” rating in a research note on Thursday, January 11th. Gordon Haskett cut shares of Uber Technologies from a “buy” rating to a “hold” rating and set a $66.00 price objective on the stock. in a research note on Wednesday, January 24th. KeyCorp upped their price objective on shares of Uber Technologies from $79.00 to $90.00 and gave the stock an “overweight” rating in a research note on Thursday, February 15th. Finally, Moffett Nathanson reaffirmed a “buy” rating and set a $92.00 price objective on shares of Uber Technologies in a research note on Thursday, April 11th. Two investment analysts have rated the stock with a hold rating and twenty-nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $78.94.

Uber Technologies Stock Up 2.6 %

Shares of NYSE:UBER traded up $1.82 during midday trading on Tuesday, reaching $70.80. 16,238,751 shares of the company were exchanged, compared to its average volume of 19,644,313. Uber Technologies, Inc. has a fifty-two week low of $29.22 and a fifty-two week high of $82.14. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.79. The stock has a fifty day simple moving average of $76.92 and a two-hundred day simple moving average of $64.12. The firm has a market cap of $147.36 billion, a PE ratio of 82.33, a P/E/G ratio of 1.10 and a beta of 1.36.

Uber Technologies (NYSE:UBER) last issued its quarterly earnings data 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 net margin of 5.06% and a return on equity of 18.95%. The business had revenue of $9.94 billion for the quarter, compared to analyst estimates of $9.76 billion. During the same period last year, the business posted $0.29 earnings per share. The firm’s quarterly revenue was up 15.4% on a year-over-year basis. As a group, sell-side analysts forecast that Uber Technologies, Inc. will post 1.22 earnings per share for the current year.

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.