Mizuho Markets Americas LLC Sells 102,840 Shares of Uber Technologies, Inc. (NYSE:UBER)

Mizuho Markets Americas LLC cut its stake in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 97.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,721 shares of the ride-sharing company's stock after selling 102,840 shares during the quarter. Mizuho Markets Americas LLC's holdings in Uber Technologies were worth $205,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Capital Research Global Investors increased its stake in Uber Technologies by 8.2% in the 1st quarter. Capital Research Global Investors now owns 39,947,547 shares of the ride-sharing company's stock valued at $3,075,562,000 after buying an additional 3,019,431 shares during the period. Price T Rowe Associates Inc. MD grew its holdings in shares of Uber Technologies by 37.8% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 36,425,981 shares of the ride-sharing company's stock valued at $2,804,437,000 after acquiring an additional 9,996,508 shares in the last quarter. GQG Partners LLC increased its stake in shares of Uber Technologies by 74.1% in the first quarter. GQG Partners LLC now owns 22,423,451 shares of the ride-sharing company's stock worth $1,726,381,000 after acquiring an additional 9,541,366 shares during the last quarter. Legal & General Group Plc boosted its position in Uber Technologies by 1.6% during the second quarter. Legal & General Group Plc now owns 15,238,477 shares of the ride-sharing company's stock valued at $1,107,529,000 after purchasing an additional 237,976 shares during the last quarter. Finally, Clearbridge Investments LLC boosted its position in Uber Technologies by 9.6% during the second quarter. Clearbridge Investments LLC now owns 12,244,856 shares of the ride-sharing company's stock valued at $889,956,000 after purchasing an additional 1,076,876 shares during the last quarter. 80.24% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on UBER. Gordon Haskett upgraded Uber Technologies from a "hold" rating to a "buy" rating and set a $85.00 price target for the company in a report on Thursday, October 31st. BMO Capital Markets reissued an "outperform" rating and set a $92.00 price objective on shares of Uber Technologies in a report on Friday, October 11th. Needham & Company LLC restated a "buy" rating and issued a $90.00 target price on shares of Uber Technologies in a report on Thursday, October 31st. Citigroup boosted their target price on shares of Uber Technologies from $96.00 to $98.00 and gave the stock a "buy" rating in a research report on Wednesday, August 7th. Finally, Royal Bank of Canada boosted their price target on shares of Uber Technologies from $80.00 to $82.00 and gave the company an "outperform" rating in a report on Friday, November 1st. Six investment analysts have rated the stock with a hold rating, thirty-two have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $90.32.

Uber Technologies Trading Up 2.5 %

Shares of Uber Technologies stock traded up $1.81 during trading hours on Friday, hitting $73.25. The company's stock had a trading volume of 23,980,917 shares, compared to its average volume of 19,038,950. The company has a market capitalization of $154.24 billion, a PE ratio of 36.44, a price-to-earnings-growth ratio of 0.73 and a beta of 1.34. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.41 and a quick ratio of 1.41. The stock has a 50 day moving average of $75.48 and a 200 day moving average of $71.08. Uber Technologies, Inc. has a 12 month low of $53.15 and a 12 month high of $87.00.

Uber Technologies (NYSE:UBER - Get Free Report) last announced its earnings results on Thursday, October 31st. The ride-sharing company reported $1.20 EPS for the quarter, topping the consensus estimate of $0.41 by $0.79. The firm had revenue of $11.19 billion for the quarter, compared to the consensus estimate of $10.99 billion. Uber Technologies had a net margin of 10.49% and a return on equity of 33.46%. The business's quarterly revenue was up 20.4% on a year-over-year basis. During the same period last year, the company posted $0.10 EPS. Analysts predict that Uber Technologies, Inc. will post 1.83 earnings per share for the current year.

Insiders Place Their Bets

In other Uber Technologies news, insider Jill Hazelbaker sold 40,000 shares of the company's stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $72.00, for a total value of $2,880,000.00. Following the sale, the insider now owns 127,352 shares in the company, valued at $9,169,344. This represents a 23.90 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 3.84% of the company's stock.

About Uber Technologies

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.