FUKOKU MUTUAL LIFE INSURANCE Co Cuts Holdings in Uber Technologies, Inc. (NYSE:UBER)

FUKOKU MUTUAL LIFE INSURANCE Co cut its position in shares of Uber Technologies, Inc. (NYSE:UBER) by 37.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 7,897 shares of the ride-sharing company’s stock after selling 4,648 shares during the quarter. FUKOKU MUTUAL LIFE INSURANCE Co’s holdings in Uber Technologies were worth $476,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in UBER. AMF Tjanstepension AB purchased a new position in Uber Technologies in the third quarter valued at about $163,468,000. Modera Wealth Management LLC raised its position in shares of Uber Technologies by 13.1% in the third quarter. Modera Wealth Management LLC now owns 5,157 shares of the ride-sharing company’s stock valued at $388,000 after purchasing an additional 597 shares during the period. Fortitude Family Office LLC raised its position in shares of Uber Technologies by 84.7% in the third quarter. Fortitude Family Office LLC now owns 602 shares of the ride-sharing company’s stock valued at $45,000 after purchasing an additional 276 shares during the period. Farmers & Merchants Investments Inc. raised its position in shares of Uber Technologies by 21.8% in the third quarter. Farmers & Merchants Investments Inc. now owns 2,850 shares of the ride-sharing company’s stock valued at $214,000 after purchasing an additional 510 shares during the period. Finally, Fidelis Capital Partners LLC raised its position in shares of Uber Technologies by 13.0% in the third quarter. Fidelis Capital Partners LLC now owns 5,720 shares of the ride-sharing company’s stock valued at $457,000 after purchasing an additional 657 shares during the period. 80.24% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the stock. Royal Bank of Canada reissued an “outperform” rating and issued a $82.00 price target on shares of Uber Technologies in a research report on Thursday, February 6th. JMP Securities reissued a “market perform” rating on shares of Uber Technologies in a research note on Thursday, February 6th. Needham & Company LLC reissued a “buy” rating and issued a $90.00 price target on shares of Uber Technologies in a research note on Wednesday, February 5th. Gordon Haskett raised shares of Uber Technologies from a “hold” rating to a “buy” rating and set a $85.00 price target for the company in a research note on Thursday, October 31st. Finally, KeyCorp cut their price target on shares of Uber Technologies from $90.00 to $85.00 and set an “overweight” rating for the company in a research note on Friday, November 1st. Eight research analysts have rated the stock with a hold rating, twenty-seven have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $90.94.

Insider Buying and Selling

In related news, insider Jill Hazelbaker sold 31,000 shares of the company’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $81.02, for a total value of $2,511,620.00. Following the completion of the sale, the insider now directly owns 86,973 shares of the company’s stock, valued at $7,046,552.46. This represents a 26.28 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 3.80% of the stock is owned by insiders.

Uber Technologies Stock Up 1.2 %

Shares of UBER opened at $75.85 on Thursday. The firm has a market capitalization of $158.46 billion, a P/E ratio of 16.63, a P/E/G ratio of 0.89 and a beta of 1.39. 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 fifty day moving average price of $68.94 and a 200-day moving average price of $71.47.

Uber Technologies (NYSE:UBER) last issued its 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 net margin of 22.41% and a return on equity of 62.60%. Equities research analysts expect that Uber Technologies, Inc. will post 2.54 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.