Mizuho Securities USA LLC Sells 24,871 Shares of Uber Technologies, Inc. (NYSE:UBER)

Mizuho Securities USA LLC trimmed its position in shares of Uber Technologies, Inc. (NYSE:UBER) by 15.4% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 136,235 shares of the ride-sharing company’s stock after selling 24,871 shares during the quarter. Mizuho Securities USA LLC’s holdings in Uber Technologies were worth $10,239,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of UBER. Price T Rowe Associates Inc. MD boosted its stake in shares of Uber Technologies by 37.8% in the first quarter. Price T Rowe Associates Inc. MD now owns 36,425,981 shares of the ride-sharing company’s stock worth $2,804,437,000 after acquiring an additional 9,996,508 shares during the period. Ameriprise Financial Inc. grew its stake in Uber Technologies by 36.5% during the 2nd quarter. Ameriprise Financial Inc. now owns 11,893,429 shares of the ride-sharing company’s stock worth $864,390,000 after buying an additional 3,179,308 shares during the last quarter. AMF Tjanstepension AB acquired a new stake in Uber Technologies during the 3rd quarter worth about $163,468,000. Janus Henderson Group PLC raised its holdings in Uber Technologies by 36.3% in the 1st quarter. Janus Henderson Group PLC now owns 8,009,770 shares of the ride-sharing company’s stock worth $616,613,000 after purchasing an additional 2,134,621 shares during the period. Finally, Samlyn Capital LLC purchased a new stake in Uber Technologies during the 2nd quarter worth approximately $134,987,000. 80.24% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Uber Technologies

In related news, insider Jill Hazelbaker sold 40,000 shares of Uber Technologies stock in a transaction on Monday, September 16th. The stock was sold at an average price of $72.00, for a total transaction of $2,880,000.00. Following the sale, the insider now directly owns 127,352 shares in the company, valued at approximately $9,169,344. This trade represents a 23.90 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 3.84% of the company’s stock.

Uber Technologies Price Performance

Shares of UBER opened at $69.62 on Thursday. Uber Technologies, Inc. has a 52-week low of $53.89 and a 52-week high of $87.00. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.41 and a current ratio of 1.41. The stock has a 50 day simple moving average of $75.46 and a 200 day simple moving average of $71.10. The firm has a market capitalization of $146.60 billion, a PE ratio of 34.64, a P/E/G ratio of 0.69 and a beta of 1.34.

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

Analysts Set New Price Targets

UBER has been the topic of a number of recent analyst reports. Bank of America upped their price objective on Uber Technologies from $88.00 to $96.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. Royal Bank of Canada lifted their target price on shares of Uber Technologies from $80.00 to $82.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. The Goldman Sachs Group boosted their price objective on shares of Uber Technologies from $85.00 to $90.00 and gave the stock a “buy” rating in a report on Wednesday, August 7th. Citigroup upped their price target on shares of Uber Technologies from $96.00 to $98.00 and gave the stock a “buy” rating in a research note on Wednesday, August 7th. Finally, Oppenheimer increased their price target on shares of Uber Technologies from $90.00 to $95.00 and gave the stock an “outperform” rating in a research note on Friday, September 27th. Six investment analysts have rated the stock with a hold rating, thirty-two have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Uber Technologies presently has a consensus rating of “Moderate Buy” and an average target price of $90.32.

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.