Meiji Yasuda Asset Management Co Ltd. Raises Stock Position in Uber Technologies, Inc. (NYSE:UBER)

Meiji Yasuda Asset Management Co Ltd. lifted its position in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 25.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 76,115 shares of the ride-sharing company's stock after buying an additional 15,260 shares during the period. Meiji Yasuda Asset Management Co Ltd.'s holdings in Uber Technologies were worth $4,591,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the company. Baxter Bros Inc. raised its holdings in shares of Uber Technologies by 570.3% in the fourth quarter. Baxter Bros Inc. now owns 31,571 shares of the ride-sharing company's stock worth $1,904,000 after buying an additional 26,861 shares during the last quarter. Signature Estate & Investment Advisors LLC boosted its position in Uber Technologies by 18.8% in the fourth quarter. Signature Estate & Investment Advisors LLC now owns 956,139 shares of the ride-sharing company's stock valued at $57,674,000 after buying an additional 151,307 shares during the last quarter. TIAA Trust National Association increased its holdings in Uber Technologies by 697.3% in the 4th quarter. TIAA Trust National Association now owns 257,365 shares of the ride-sharing company's stock worth $15,524,000 after buying an additional 225,084 shares during the period. Princeton Capital Management LLC increased its holdings in Uber Technologies by 22.8% in the 4th quarter. Princeton Capital Management LLC now owns 13,873 shares of the ride-sharing company's stock worth $837,000 after buying an additional 2,577 shares during the period. Finally, EntryPoint Capital LLC purchased a new position in Uber Technologies during the 4th quarter worth approximately $454,000. Institutional investors own 80.24% of the company's stock.

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Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. Cantor Fitzgerald reissued an "overweight" rating and set a $80.00 target price on shares of Uber Technologies in a report on Thursday, February 6th. Needham & Company LLC restated a "buy" rating and issued a $90.00 target price on shares of Uber Technologies in a research note on Wednesday, February 5th. DA Davidson lowered their price objective on Uber Technologies from $84.00 to $80.00 and set a "buy" rating on the stock in a research report on Thursday, February 6th. Fox Advisors lowered shares of Uber Technologies from an "overweight" rating to an "equal weight" rating in a research report on Tuesday, March 11th. Finally, Piper Sandler reissued an "overweight" rating and set a $87.00 target price (up from $80.00) on shares of Uber Technologies in a research note on Tuesday, February 18th. Ten equities research analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $90.31.

Uber Technologies Stock Performance

Shares of UBER stock traded down $2.21 during mid-day trading on Friday, hitting $72.65. 6,704,927 shares of the stock were exchanged, compared to its average volume of 24,074,457. Uber Technologies, Inc. has a 12-month low of $54.84 and a 12-month high of $87.00. 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 stock has a market capitalization of $151.76 billion, a price-to-earnings ratio of 15.94, a P/E/G ratio of 0.89 and a beta of 1.39. The stock's fifty day simple moving average is $73.33 and its two-hundred day simple moving average is $71.71.

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, topping analysts' consensus estimates of $0.50 by $2.71. Uber Technologies had a net margin of 22.41% and a return on equity of 62.60%. On average, analysts forecast that Uber Technologies, Inc. will post 2.54 EPS for the current year.

Insider Transactions at Uber Technologies

In other news, insider Jill Hazelbaker sold 31,000 shares of Uber Technologies stock in a transaction dated 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 sale, the insider now owns 86,973 shares of the company's stock, valued at $7,046,552.46. The trade was a 26.28 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the stock in a transaction dated Thursday, March 20th. The stock was sold at an average price of $75.00, for a total transaction of $206,250.00. Following the transaction, the chief financial officer now directly owns 22,162 shares of the company's stock, valued at $1,662,150. This represents a 11.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 77,154 shares of company stock worth $5,793,869. Company 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.