Sumitomo Mitsui DS Asset Management Company Ltd Has $17.04 Million Stock Holdings in Uber Technologies, Inc. (NYSE:UBER)

Sumitomo Mitsui DS Asset Management Company Ltd lifted its stake in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 9.3% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 226,760 shares of the ride-sharing company's stock after purchasing an additional 19,384 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd's holdings in Uber Technologies were worth $17,043,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. GHP Investment Advisors Inc. grew its position in Uber Technologies by 222.7% in the second quarter. GHP Investment Advisors Inc. now owns 355 shares of the ride-sharing company's stock worth $26,000 after acquiring an additional 245 shares in the last quarter. Financial Management Professionals Inc. raised its holdings in Uber Technologies by 111.6% during the 1st quarter. Financial Management Professionals Inc. now owns 383 shares of the ride-sharing company's stock valued at $29,000 after buying an additional 202 shares during the period. WR Wealth Planners LLC lifted its position in Uber Technologies by 563.9% in the second quarter. WR Wealth Planners LLC now owns 405 shares of the ride-sharing company's stock worth $29,000 after buying an additional 344 shares during the last quarter. J.Safra Asset Management Corp bought a new position in Uber Technologies during the first quarter valued at $32,000. Finally, MCF Advisors LLC lifted its holdings in shares of Uber Technologies by 1,038.5% in the 2nd quarter. MCF Advisors LLC now owns 444 shares of the ride-sharing company's stock worth $32,000 after acquiring an additional 405 shares during the last quarter. Institutional investors own 80.24% of the company's stock.

Uber Technologies Stock Down 0.9 %

Shares of NYSE:UBER traded down $0.74 on Friday, reaching $79.16. The company had a trading volume of 14,178,764 shares, compared to its average volume of 18,045,445. The stock has a market capitalization of $165.41 billion, a P/E ratio of 127.68, a P/E/G ratio of 1.47 and a beta of 1.33. The stock has a 50-day moving average price of $74.09 and a 200 day moving average price of $70.70. Uber Technologies, Inc. has a twelve month low of $40.09 and a twelve month high of $87.00. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.72.

Uber Technologies (NYSE:UBER - Get Free Report) last issued its quarterly earnings results on Tuesday, August 6th. The ride-sharing company reported $0.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.16. Uber Technologies had a return on equity of 17.06% and a net margin of 5.02%. The company had revenue of $10.70 billion for the quarter, compared to the consensus estimate of $10.57 billion. During the same period last year, the business posted $0.18 earnings per share. The firm's revenue was up 15.9% compared to the same quarter last year. On average, equities analysts expect that Uber Technologies, Inc. will post 1.08 EPS for the current year.

Analyst Ratings Changes

A number of research firms recently weighed in on UBER. Melius Research started coverage on shares of Uber Technologies in a research report on Monday, July 22nd. They issued a "hold" rating and a $77.00 price objective on the stock. Cantor Fitzgerald reissued an "overweight" rating and set a $90.00 price target on shares of Uber Technologies in a research note on Monday, October 7th. Raymond James started coverage on Uber Technologies in a research note on Tuesday, September 24th. They issued a "strong-buy" rating and a $90.00 target price on the stock. The Goldman Sachs Group upped their target price on shares of Uber Technologies from $85.00 to $90.00 and gave the stock a "buy" rating in a research note on Wednesday, August 7th. Finally, Melius began coverage on shares of Uber Technologies in a research note on Monday, July 22nd. They set a "hold" rating and a $77.00 price target for the company. Six analysts have rated the stock with a hold rating, thirty-one have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $88.51.

Insider Buying and Selling at Uber Technologies

In other news, insider Jill Hazelbaker sold 40,000 shares of the firm's stock in a transaction on Monday, September 16th. The shares were 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 approximately $9,169,344. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 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.