Mizuho Securities Co. Ltd. Sells 15,360 Shares of Uber Technologies, Inc. (NYSE:UBER)

Mizuho Securities Co. Ltd. lowered its position in shares of Uber Technologies, Inc. (NYSE:UBER) by 86.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,510 shares of the ride-sharing company’s stock after selling 15,360 shares during the period. Uber Technologies makes up approximately 2.3% of Mizuho Securities Co. Ltd.’s portfolio, making the stock its 17th largest position. Mizuho Securities Co. Ltd.’s holdings in Uber Technologies were worth $153,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Murphy & Mullick Capital Management Corp purchased a new position in Uber Technologies in the 4th quarter worth about $995,000. Aire Advisors LLC bought a new position in Uber Technologies during the fourth quarter valued at approximately $557,000. Meiji Yasuda Asset Management Co Ltd. boosted its holdings in Uber Technologies by 25.1% in the fourth quarter. Meiji Yasuda Asset Management Co Ltd. now owns 76,115 shares of the ride-sharing company’s stock worth $4,591,000 after purchasing an additional 15,260 shares during the last quarter. Baxter Bros Inc. grew its position in Uber Technologies by 570.3% in the 4th quarter. Baxter Bros Inc. now owns 31,571 shares of the ride-sharing company’s stock worth $1,904,000 after purchasing an additional 26,861 shares during the period. Finally, Signature Estate & Investment Advisors LLC raised its stake in Uber Technologies by 18.8% during the 4th 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. 80.24% of the stock is currently owned by hedge funds and other institutional investors.

Uber Technologies Trading Down 1.2 %

UBER opened at $75.59 on Wednesday. The stock has a 50-day moving average of $73.06 and a 200 day moving average of $71.67. The company has a current ratio of 1.07, a quick ratio of 1.41 and a debt-to-equity ratio of 0.37. Uber Technologies, Inc. has a 12 month low of $54.84 and a 12 month high of $87.00. The firm has a market cap of $157.91 billion, a P/E ratio of 16.58, a P/E/G ratio of 0.89 and a beta of 1.39.

Uber Technologies (NYSE:UBER) last released its earnings results on Wednesday, February 5th. The ride-sharing company reported $3.21 earnings per share 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%. As a group, research analysts forecast that Uber Technologies, Inc. will post 2.54 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages recently commented on UBER. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $82.00 price objective on shares of Uber Technologies in a report on Thursday, February 6th. Citizens Jmp lowered shares of Uber Technologies from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 2nd. The Goldman Sachs Group reissued a “buy” rating and issued a $96.00 price objective on shares of Uber Technologies in a report on Thursday, January 2nd. JMP Securities reaffirmed a “market perform” rating on shares of Uber Technologies in a report on Thursday, February 6th. Finally, Benchmark reiterated a “hold” rating on shares of Uber Technologies in a research note on Friday, January 31st. 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. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $90.31.

Insider Transactions at Uber Technologies

In related news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the firm’s stock in a transaction that occurred on Thursday, March 20th. The stock was sold at an average price of $75.00, for a total transaction of $206,250.00. Following the completion of the sale, the chief financial officer now directly owns 22,162 shares of the company’s stock, valued at approximately $1,662,150. This trade represents a 11.04 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Jill Hazelbaker sold 31,000 shares of the company’s stock in a transaction on 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 completion of the transaction, the insider now directly owns 86,973 shares in the company, valued at $7,046,552.46. This trade represents a 26.28 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 77,154 shares of company stock worth $5,793,869. 3.84% of the stock is currently owned by insiders.

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.