Mizuho Securities Co. Ltd. Decreases Stock Position in Uber Technologies, Inc. (NYSE:UBER)

Mizuho Securities Co. Ltd. lessened its holdings in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 86.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,510 shares of the ride-sharing company's stock after selling 15,360 shares during the period. Uber Technologies comprises approximately 2.3% of Mizuho Securities Co. Ltd.'s portfolio, making the stock its 17th biggest position. Mizuho Securities Co. Ltd.'s holdings in Uber Technologies were worth $153,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Avion Wealth raised its position in Uber Technologies by 96.0% during the fourth quarter. Avion Wealth now owns 445 shares of the ride-sharing company's stock valued at $26,000 after acquiring an additional 218 shares in the last quarter. Runnymede Capital Advisors Inc. acquired a new position in shares of Uber Technologies during the 4th quarter worth $28,000. GHP Investment Advisors Inc. raised its holdings in shares of Uber Technologies by 85.1% during the 4th quarter. GHP Investment Advisors Inc. now owns 485 shares of the ride-sharing company's stock valued at $29,000 after purchasing an additional 223 shares in the last quarter. Kieckhefer Group LLC acquired a new stake in shares of Uber Technologies in the 4th quarter valued at $33,000. Finally, Retirement Wealth Solutions LLC bought a new stake in Uber Technologies in the fourth quarter worth $35,000. Hedge funds and other institutional investors own 80.24% of the company's stock.

Uber Technologies Stock Down 3.1 %

Shares of NYSE:UBER traded down $2.34 during trading on Friday, reaching $72.52. 7,369,359 shares of the stock were exchanged, compared to its average volume of 20,056,332. Uber Technologies, Inc. has a 1-year low of $54.84 and a 1-year high of $87.00. The stock has a fifty day moving average of $73.33 and a two-hundred day moving average of $71.71. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.07 and a quick ratio of 1.41. The firm has a market cap of $151.49 billion, a price-to-earnings ratio of 15.88, a price-to-earnings-growth ratio of 0.89 and a beta of 1.39.

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Uber Technologies (NYSE:UBER - Get Free Report) last announced its 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%. Research analysts anticipate that Uber Technologies, Inc. will post 2.54 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have recently commented on UBER shares. KGI Securities reissued a "neutral" rating and issued a $78.00 price target on shares of Uber Technologies in a research report on Tuesday, March 11th. UBS Group reissued a "buy" rating on shares of Uber Technologies in a research report on Friday, February 21st. Benchmark reaffirmed a "hold" rating on shares of Uber Technologies in a research report on Friday, January 31st. Wolfe Research boosted their price objective on Uber Technologies from $90.00 to $92.00 and gave the stock an "outperform" rating in a research report on Friday, January 3rd. Finally, Piper Sandler reaffirmed an "overweight" rating and issued a $87.00 target price (up previously from $80.00) on shares of Uber Technologies in a report on Tuesday, February 18th. Ten investment analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $90.31.

Insider Buying and Selling at Uber Technologies

In related news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of Uber Technologies stock in a transaction that occurred on Thursday, March 20th. The shares were sold at an average price of $75.00, for a total value of $206,250.00. Following the completion of the transaction, the chief financial officer now directly owns 22,162 shares in the company, valued at approximately $1,662,150. The trade was a 11.04 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Tony West sold 23,404 shares of Uber Technologies stock in a transaction on Thursday, March 13th. The shares were sold at an average price of $70.27, for a total value of $1,644,599.08. Following the completion of 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 ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 77,154 shares of company stock valued at $5,793,869. Company insiders own 3.84% of the company's stock.

Uber Technologies 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.