Uber Technologies, Inc. (NYSE:UBER) Shares Purchased by Meiji Yasuda Asset Management Co Ltd.

Meiji Yasuda Asset Management Co Ltd. raised its stake in Uber Technologies, Inc. (NYSE:UBER) by 25.1% during the fourth quarter, Holdings Channel reports. The firm owned 76,115 shares of the ride-sharing company’s stock after purchasing an additional 15,260 shares during the period. Meiji Yasuda Asset Management Co Ltd.’s holdings in Uber Technologies were worth $4,591,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in the stock. Vanguard Group Inc. raised its holdings in Uber Technologies by 1.3% in the fourth quarter. Vanguard Group Inc. now owns 180,766,683 shares of the ride-sharing company’s stock valued at $10,903,846,000 after buying an additional 2,364,525 shares during the period. Geode Capital Management LLC increased its position in shares of Uber Technologies by 2.1% in the third quarter. Geode Capital Management LLC now owns 42,500,359 shares of the ride-sharing company’s stock worth $3,184,013,000 after acquiring an additional 893,652 shares in the last quarter. Jennison Associates LLC raised its stake in shares of Uber Technologies by 36.9% in the 4th quarter. Jennison Associates LLC now owns 26,460,312 shares of the ride-sharing company’s stock valued at $1,596,086,000 after acquiring an additional 7,137,512 shares during the period. Janus Henderson Group PLC lifted its holdings in shares of Uber Technologies by 18.3% during the 3rd quarter. Janus Henderson Group PLC now owns 13,286,812 shares of the ride-sharing company’s stock valued at $998,767,000 after acquiring an additional 2,056,273 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in Uber Technologies by 6.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 13,273,165 shares of the ride-sharing company’s stock worth $800,637,000 after purchasing an additional 774,956 shares during the period. 80.24% of the stock is owned by hedge funds and other institutional investors.

Uber Technologies Trading Down 1.2 %

NYSE:UBER opened at $75.59 on Wednesday. The firm has a market capitalization of $157.91 billion, a P/E ratio of 16.58, a P/E/G ratio of 0.89 and a beta of 1.39. The business has a 50 day simple moving average of $73.06 and a 200 day simple moving average of $71.67. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.07 and a quick ratio of 1.41. Uber Technologies, Inc. has a 12-month low of $54.84 and a 12-month high of $87.00.

Uber Technologies (NYSE:UBER) last released its quarterly earnings results on Wednesday, February 5th. The ride-sharing company reported $3.21 EPS for the quarter, topping the consensus estimate 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 predict that Uber Technologies, Inc. will post 2.54 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages have commented on UBER. Cantor Fitzgerald restated an “overweight” rating and set a $80.00 price objective on shares of Uber Technologies in a research note on Thursday, February 6th. Piper Sandler reissued an “overweight” rating and set a $87.00 price target (up from $80.00) on shares of Uber Technologies in a research report on Tuesday, February 18th. Truist Financial upped their price target on Uber Technologies from $90.00 to $92.00 and gave the stock a “buy” rating in a report on Thursday, March 6th. Citigroup dropped their price objective on shares of Uber Technologies from $98.00 to $92.00 and set a “buy” rating on the stock in a research note on Thursday, February 6th. Finally, Evercore ISI decreased their target price on shares of Uber Technologies from $120.00 to $115.00 and set an “outperform” rating for the company in a research note on Thursday, February 6th. Ten research analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $90.31.

Insider Buying and Selling at Uber Technologies

In other Uber Technologies news, insider Tony West sold 23,404 shares of the firm’s stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of $70.27, for a total transaction of $1,644,599.08. Following the transaction, the insider now owns 114,241 shares of the company’s stock, valued at approximately $8,027,715.07. This trade represents a 17.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Jill Hazelbaker sold 31,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $81.02, for a total transaction 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 approximately $7,046,552.46. This represents a 26.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 77,154 shares of company stock worth $5,793,869. 3.84% of the stock is owned by company insiders.

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.