3,048 Shares in Uber Technologies, Inc. (NYSE:UBER) Bought by Rakuten Securities Inc.

Rakuten Securities Inc. acquired a new position in shares of Uber Technologies, Inc. (NYSE:UBER) during the 4th quarter, Holdings Channel.com reports. The fund acquired 3,048 shares of the ride-sharing company’s stock, valued at approximately $188,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of UBER. American Century Companies Inc. grew its position in Uber Technologies by 28.7% during the 1st quarter. American Century Companies Inc. now owns 23,045 shares of the ride-sharing company’s stock worth $822,000 after purchasing an additional 5,142 shares during the last quarter. MetLife Investment Management LLC purchased a new stake in shares of Uber Technologies in the first quarter valued at about $3,359,000. Panagora Asset Management Inc. boosted its holdings in shares of Uber Technologies by 29.3% in the first quarter. Panagora Asset Management Inc. now owns 22,650 shares of the ride-sharing company’s stock valued at $808,000 after acquiring an additional 5,134 shares in the last quarter. Yousif Capital Management LLC boosted its holdings in shares of Uber Technologies by 11.7% in the first quarter. Yousif Capital Management LLC now owns 26,298 shares of the ride-sharing company’s stock valued at $938,000 after acquiring an additional 2,756 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of Uber Technologies by 17.3% in the first quarter. Dimensional Fund Advisors LP now owns 1,144,337 shares of the ride-sharing company’s stock valued at $40,838,000 after acquiring an additional 168,475 shares in the last quarter. 80.24% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Uber Technologies

In related news, insider Jill Hazelbaker sold 20,000 shares of the business’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 sale, the insider now directly owns 107,290 shares in the company, valued at $8,350,380.70. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 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 shares were sold at an average price of $70.08, for a total transaction of $1,314,000.00. Following the completion of the sale, the insider now directly owns 185,566 shares in the company, valued at $13,004,465.28. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Jill Hazelbaker sold 20,000 shares of the stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $77.83, for a total transaction of $1,556,600.00. Following the completion of the sale, the insider now directly 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. 3.84% of the stock is owned by insiders.

Uber Technologies Stock Performance

NYSE:UBER opened at $71.92 on Thursday. Uber Technologies, Inc. has a 1-year low of $29.22 and a 1-year high of $82.14. The firm has a 50 day simple moving average of $76.93 and a 200-day simple moving average of $63.28. The firm has a market cap of $149.69 billion, a PE ratio of 83.63, a P/E/G ratio of 1.19 and a beta of 1.36. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.19 and a quick ratio of 1.19.

Uber Technologies (NYSE:UBER) last released its earnings results on Wednesday, February 7th. The ride-sharing company reported $0.66 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $9.94 billion during the quarter, compared to the consensus estimate of $9.76 billion. During the same period in the previous year, the firm earned $0.29 earnings per share. Uber Technologies’s revenue was up 15.4% compared to the same quarter last year. On average, equities analysts expect that Uber Technologies, Inc. will post 1.2 EPS for the current year.

Analyst Upgrades and Downgrades

UBER has been the subject of several recent analyst reports. Nomura cut shares of Uber Technologies from a “buy” rating to a “neutral” rating and raised their price objective for the company from $59.00 to $62.00 in a research note on Friday, December 29th. The Goldman Sachs Group raised their price objective on shares of Uber Technologies from $59.00 to $78.00 and gave the company a “buy” rating in a research note on Thursday, January 11th. Truist Financial raised their price objective 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. Barclays raised their price objective on shares of Uber Technologies from $63.00 to $86.00 and gave the company an “overweight” rating in a research note on Thursday, February 8th. Finally, Susquehanna raised their price objective on shares of Uber Technologies from $60.00 to $85.00 and gave the company a “positive” rating in a research note on Thursday, February 8th. Two analysts have rated the stock with a hold rating and twenty-nine have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $78.21.

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.