543,573 Shares in Uber Technologies, Inc. (NYSE:UBER) Bought by Resona Asset Management Co. Ltd.

Resona Asset Management Co. Ltd. purchased a new position in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 543,573 shares of the ride-sharing company's stock, valued at approximately $32,853,000.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Edgestream Partners L.P. purchased a new position in shares of Uber Technologies during the 3rd quarter valued at approximately $760,000. Royal London Asset Management Ltd. increased its position in Uber Technologies by 3.8% in the 3rd quarter. Royal London Asset Management Ltd. now owns 845,785 shares of the ride-sharing company's stock valued at $63,569,000 after acquiring an additional 31,242 shares during the period. Quarry LP lifted its holdings in Uber Technologies by 137.2% in the third quarter. Quarry LP now owns 1,499 shares of the ride-sharing company's stock worth $113,000 after purchasing an additional 867 shares during the period. SageView Advisory Group LLC raised its holdings in Uber Technologies by 5.0% during the third quarter. SageView Advisory Group LLC now owns 12,119 shares of the ride-sharing company's stock worth $911,000 after purchasing an additional 578 shares in the last quarter. Finally, Stifel Financial Corp boosted its stake in Uber Technologies by 1.4% during the third quarter. Stifel Financial Corp now owns 2,503,141 shares of the ride-sharing company's stock valued at $188,136,000 after buying an additional 34,055 shares in the last quarter. 80.24% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Uber Technologies

In other Uber Technologies news, insider Jill Hazelbaker sold 31,000 shares of the firm's stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $81.02, for a total value of $2,511,620.00. Following the transaction, the insider now owns 86,973 shares in the company, valued at approximately $7,046,552.46. This trade represents a 26.28 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Tony West sold 23,404 shares of the business's stock in a transaction that occurred on Thursday, March 13th. The stock was sold at an average price of $70.27, for a total value of $1,644,599.08. Following the transaction, the insider now owns 114,241 shares in the company, valued at approximately $8,027,715.07. This represents a 17.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 77,154 shares of company stock worth $5,793,869 over the last 90 days. 3.84% of the stock is currently owned by company insiders.

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Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Citizens Jmp downgraded Uber Technologies from a "strong-buy" rating to a "hold" rating in a report on Thursday, January 2nd. Wells Fargo & Company raised their target price on shares of Uber Technologies from $87.00 to $90.00 and gave the company an "overweight" rating in a research note on Thursday. Arete Research raised shares of Uber Technologies to a "hold" rating in a research report on Tuesday, February 18th. KGI Securities restated a "neutral" rating and set a $78.00 price objective on shares of Uber Technologies in a research report on Tuesday, March 11th. Finally, Truist Financial boosted their price target on Uber Technologies from $90.00 to $92.00 and gave the company a "buy" rating in a research note on Thursday, March 6th. Ten investment analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $90.41.

Uber Technologies Trading Up 1.5 %

UBER traded up $0.98 on Monday, reaching $65.60. 32,792,988 shares of the company traded hands, compared to its average volume of 20,224,996. The company has a quick ratio of 1.41, a current ratio of 1.07 and a debt-to-equity ratio of 0.37. The company has a market cap of $137.21 billion, a P/E ratio of 14.38, a price-to-earnings-growth ratio of 0.89 and a beta of 1.37. The firm has a fifty day simple moving average of $73.75 and a two-hundred day simple moving average of $71.74. Uber Technologies, Inc. has a one year low of $54.84 and a one year high of $87.00.

Uber Technologies (NYSE:UBER - Get Free Report) last posted its quarterly earnings data on Wednesday, February 5th. The ride-sharing company reported $3.21 EPS for the quarter, topping the consensus estimate of $0.50 by $2.71. Uber Technologies had a net margin of 22.41% and a return on equity of 62.60%. As a group, equities research analysts expect that Uber Technologies, Inc. will post 2.54 earnings per share for the current year.

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.