Uber Technologies, Inc. (NYSE:UBER) Shares Bought by Mizuho Securities USA LLC

Mizuho Securities USA LLC raised its stake in Uber Technologies, Inc. (NYSE:UBER) by 46.5% in the fourth quarter, HoldingsChannel reports. The fund owned 199,573 shares of the ride-sharing company’s stock after purchasing an additional 63,338 shares during the period. Mizuho Securities USA LLC’s holdings in Uber Technologies were worth $12,038,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently bought and sold shares of UBER. PNC Financial Services Group Inc. raised its stake in shares of Uber Technologies by 26.7% during the 3rd quarter. PNC Financial Services Group Inc. now owns 326,829 shares of the ride-sharing company’s stock worth $24,564,000 after buying an additional 68,833 shares during the period. First Horizon Advisors Inc. raised its stake in shares of Uber Technologies by 11.5% during the 3rd quarter. First Horizon Advisors Inc. now owns 6,290 shares of the ride-sharing company’s stock worth $473,000 after buying an additional 649 shares during the period. Ontario Teachers Pension Plan Board acquired a new position in shares of Uber Technologies during the 3rd quarter worth approximately $327,000. Moran Wealth Management LLC raised its stake in shares of Uber Technologies by 3.2% during the 3rd quarter. Moran Wealth Management LLC now owns 27,970 shares of the ride-sharing company’s stock worth $2,102,000 after buying an additional 871 shares during the period. Finally, Cornerstone Advisors LLC acquired a new position in shares of Uber Technologies during the 3rd quarter worth approximately $1,150,000. 80.24% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Uber Technologies

In other Uber Technologies news, insider Tony West sold 23,404 shares of the stock in a transaction dated Thursday, March 13th. The stock was sold at an average price of $70.27, for a total value of $1,644,599.08. Following the sale, the insider now owns 114,241 shares of the company’s stock, valued at $8,027,715.07. This trade represents a 17.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Nikki Krishnamurthy sold 20,000 shares of the stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $71.57, for a total value of $1,431,400.00. Following the completion of the transaction, the senior vice president now owns 361,908 shares in the company, valued at approximately $25,901,755.56. The trade was a 5.24 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 74,404 shares of company stock valued at $5,587,619 in the last quarter. Corporate insiders own 3.84% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on UBER shares. JPMorgan Chase & Co. reduced their target price on Uber Technologies from $95.00 to $90.00 and set an “overweight” rating for the company in a research note on Thursday, February 6th. Royal Bank of Canada reiterated an “outperform” rating and set a $82.00 price target on shares of Uber Technologies in a research report on Thursday, February 6th. Citigroup dropped their price target on Uber Technologies from $98.00 to $92.00 and set a “buy” rating for the company in a research report on Thursday, February 6th. DA Davidson dropped their price target on Uber Technologies from $84.00 to $80.00 and set a “buy” rating for the company in a research report on Thursday, February 6th. Finally, Fox Advisors cut Uber Technologies from an “overweight” rating to an “equal weight” rating in a research report on Tuesday, March 11th. Ten analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $90.31.

Uber Technologies Price Performance

UBER opened at $75.94 on Friday. The stock’s 50-day moving average price is $72.64 and its 200 day moving average price is $71.59. Uber Technologies, Inc. has a 12-month low of $54.84 and a 12-month high of $87.00. The company has a current ratio of 1.07, a quick ratio of 1.41 and a debt-to-equity ratio of 0.37. The firm has a market cap of $158.65 billion, a price-to-earnings ratio of 16.65, a PEG ratio of 0.89 and a beta of 1.39.

Uber Technologies (NYSE:UBER) last posted its quarterly earnings results on Wednesday, February 5th. The ride-sharing company reported $3.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.50 by $2.71. Uber Technologies had a return on equity of 62.60% and a net margin of 22.41%. As a group, sell-side analysts expect that Uber Technologies, Inc. will post 2.54 earnings per share for the current year.

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.