Mitsubishi UFJ Trust & Banking Corp Buys 453,702 Shares of Uber Technologies, Inc. $UBER

Mitsubishi UFJ Trust & Banking Corp increased its stake in Uber Technologies, Inc. (NYSE:UBER) by 54.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,283,251 shares of the ride-sharing company’s stock after buying an additional 453,702 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp owned approximately 0.06% of Uber Technologies worth $119,727,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in shares of Uber Technologies by 3.2% in the 1st quarter. Vanguard Group Inc. now owns 186,526,036 shares of the ride-sharing company’s stock valued at $13,590,287,000 after acquiring an additional 5,759,353 shares during the period. Pershing Square Capital Management L.P. acquired a new stake in Uber Technologies in the 1st quarter valued at about $2,207,743,000. Kingstone Capital Partners Texas LLC lifted its stake in Uber Technologies by 334,075.7% in the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 19,973,682 shares of the ride-sharing company’s stock valued at $1,863,545,000 after purchasing an additional 19,967,705 shares during the last quarter. Northern Trust Corp grew its holdings in Uber Technologies by 3.9% during the first quarter. Northern Trust Corp now owns 19,240,638 shares of the ride-sharing company’s stock worth $1,401,873,000 after purchasing an additional 720,122 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its position in Uber Technologies by 3.0% during the first quarter. Charles Schwab Investment Management Inc. now owns 13,667,322 shares of the ride-sharing company’s stock worth $995,801,000 after buying an additional 394,157 shares during the last quarter. 80.24% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on UBER shares. UBS Group set a $122.00 price objective on Uber Technologies and gave the company a “buy” rating in a research report on Wednesday, November 5th. Guggenheim cut their price target on Uber Technologies from $140.00 to $135.00 and set a “buy” rating for the company in a report on Wednesday, November 5th. Wells Fargo & Company reduced their price objective on shares of Uber Technologies from $125.00 to $120.00 and set an “overweight” rating for the company in a research report on Wednesday, November 5th. Stifel Nicolaus set a $122.00 price objective on shares of Uber Technologies in a report on Tuesday, November 4th. Finally, Barclays cut their target price on shares of Uber Technologies from $110.00 to $107.00 and set an “overweight” rating for the company in a research note on Wednesday, November 5th. Two analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $108.26.

Uber Technologies Stock Down 0.5%

Shares of UBER opened at $93.59 on Wednesday. Uber Technologies, Inc. has a 12 month low of $59.33 and a 12 month high of $101.99. The firm’s 50 day moving average is $95.48 and its 200-day moving average is $91.55. The stock has a market capitalization of $194.47 billion, a PE ratio of 12.03 and a beta of 1.46. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 0.37.

Uber Technologies (NYSE:UBER) last issued its quarterly earnings results on Tuesday, November 4th. The ride-sharing company reported $3.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.67 by $2.44. The business had revenue of $13.47 billion during the quarter, compared to analysts’ expectations of $13.25 billion. Uber Technologies had a return on equity of 68.17% and a net margin of 33.54%.The firm’s revenue for the quarter was up 20.4% compared to the same quarter last year. During the same period in the previous year, the company posted $1.20 earnings per share. Equities research analysts forecast that Uber Technologies, Inc. will post 2.54 EPS for the current year.

Insider Activity

In related news, insider Jill Hazelbaker sold 31,250 shares of the firm’s stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $96.42, for a total value of $3,013,125.00. Following the transaction, the insider owned 86,531 shares in the company, valued at approximately $8,343,319.02. This trade represents a 26.53% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Nikki Krishnamurthy sold 11,571 shares of the business’s stock in a transaction dated Friday, August 15th. The shares were sold at an average price of $91.74, for a total value of $1,061,523.54. Following the completion of the transaction, the senior vice president directly owned 416,222 shares of the company’s stock, valued at approximately $38,184,206.28. This trade represents a 2.70% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 604,946 shares of company stock worth $58,950,116. 3.70% of the stock is owned by 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.