Mitsubishi UFJ Asset Management Co. Ltd. Has $210 Million Stock Holdings in Uber Technologies, Inc. (NYSE:UBER)

Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 8.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,251,296 shares of the ride-sharing company's stock after buying an additional 249,169 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. owned 0.15% of Uber Technologies worth $210,001,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the business. Kingsview Wealth Management LLC boosted its stake in Uber Technologies by 18.4% during the 3rd quarter. Kingsview Wealth Management LLC now owns 16,381 shares of the ride-sharing company's stock worth $1,231,000 after acquiring an additional 2,546 shares during the last quarter. Larson Financial Group LLC raised its holdings in Uber Technologies by 38.1% in the third quarter. Larson Financial Group LLC now owns 3,284 shares of the ride-sharing company's stock worth $247,000 after purchasing an additional 906 shares during the period. Brown Brothers Harriman & Co. boosted its position in shares of Uber Technologies by 178.1% during the third quarter. Brown Brothers Harriman & Co. now owns 3,613 shares of the ride-sharing company's stock worth $272,000 after purchasing an additional 2,314 shares in the last quarter. Qsemble Capital Management LP acquired a new position in shares of Uber Technologies in the 3rd quarter valued at $749,000. Finally, The Manufacturers Life Insurance Company increased its position in shares of Uber Technologies by 0.9% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 1,306,068 shares of the ride-sharing company's stock valued at $98,168,000 after buying an additional 11,190 shares in the last quarter. 80.24% of the stock is currently owned by institutional investors and hedge funds.

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Analyst Ratings Changes

Several research firms have weighed in on UBER. Truist Financial lifted their target price on Uber Technologies from $90.00 to $92.00 and gave the stock a "buy" rating in a report on Thursday, March 6th. Wells Fargo & Company decreased their price objective on Uber Technologies from $90.00 to $87.00 and set an "overweight" rating for the company in a research report on Thursday, February 6th. Arete Research raised shares of Uber Technologies to a "hold" rating in a research note on Tuesday, February 18th. Evercore ISI lowered their price objective on shares of Uber Technologies from $120.00 to $115.00 and set an "outperform" rating for the company in a research report on Thursday, February 6th. Finally, Needham & Company LLC reaffirmed a "buy" rating and issued a $90.00 price objective on shares of Uber Technologies in a research report on Wednesday, February 5th. Ten investment analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $90.31.

Uber Technologies Price Performance

Shares of NYSE UBER traded down $2.15 during trading hours on Friday, hitting $72.71. 11,255,568 shares of the stock were exchanged, compared to its average volume of 20,097,389. Uber Technologies, Inc. has a 1-year low of $54.84 and a 1-year high of $87.00. The company has a market cap of $152.09 billion, a PE ratio of 15.94, a price-to-earnings-growth ratio of 0.89 and a beta of 1.39. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.41 and a current ratio of 1.07. The company's fifty day simple moving average is $73.44 and its two-hundred day simple moving average is $71.75.

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

Insider Buying and Selling at Uber Technologies

In related news, insider Jill Hazelbaker sold 31,000 shares of the stock in a transaction that occurred on 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 transaction, the insider now owns 86,973 shares of the company's stock, valued at $7,046,552.46. This represents a 26.28 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the business's stock in a transaction on Thursday, March 20th. The stock was sold at an average price of $75.00, for a total value of $206,250.00. Following the sale, the chief financial officer now owns 22,162 shares in the company, valued at $1,662,150. This represents a 11.04 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 77,154 shares of company stock worth $5,793,869 over the last 90 days. Insiders own 3.84% of the company's stock.

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.