Mitsubishi UFJ Asset Management Co. Ltd. Raises Position in Uber Technologies, Inc. $UBER

Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in shares of Uber Technologies, Inc. (NYSE:UBERFree Report) by 129.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,375,851 shares of the ride-sharing company’s stock after acquiring an additional 5,293,822 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Uber Technologies were worth $776,883,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of UBER. Vanguard Group Inc. grew its stake in shares of Uber Technologies by 0.9% during the 4th quarter. Vanguard Group Inc. now owns 192,499,602 shares of the ride-sharing company’s stock valued at $15,729,142,000 after acquiring an additional 1,670,761 shares during the period. Northern Trust Corp raised its stake in Uber Technologies by 1.5% during the 3rd quarter. Northern Trust Corp now owns 19,509,042 shares of the ride-sharing company’s stock worth $1,911,301,000 after acquiring an additional 297,132 shares during the period. Capital World Investors raised its stake in Uber Technologies by 1.1% during the 3rd quarter. Capital World Investors now owns 17,016,467 shares of the ride-sharing company’s stock worth $1,667,121,000 after acquiring an additional 182,976 shares during the period. Legal & General Group Plc lifted its holdings in Uber Technologies by 6.9% during the third quarter. Legal & General Group Plc now owns 13,386,313 shares of the ride-sharing company’s stock valued at $1,311,457,000 after purchasing an additional 867,719 shares in the last quarter. Finally, Boston Partners boosted its position in shares of Uber Technologies by 2.9% in the third quarter. Boston Partners now owns 9,422,708 shares of the ride-sharing company’s stock worth $923,919,000 after purchasing an additional 263,824 shares during the period. 80.24% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. Truist Financial set a $108.00 price objective on shares of Uber Technologies in a research report on Monday, February 9th. Wall Street Zen lowered Uber Technologies from a “buy” rating to a “hold” rating in a research note on Saturday, January 17th. BTIG Research reaffirmed a “buy” rating and issued a $100.00 price objective on shares of Uber Technologies in a research note on Tuesday, March 17th. The Goldman Sachs Group set a $125.00 target price on Uber Technologies in a research report on Wednesday, February 4th. Finally, TD Cowen reiterated a “buy” rating on shares of Uber Technologies in a research report on Wednesday, March 11th. One analyst has rated the stock with a Strong Buy rating, thirty-two have issued a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $105.11.

Get Our Latest Stock Analysis on Uber Technologies

Insider Buying and Selling at Uber Technologies

In related news, SVP Nikki Krishnamurthy sold 30,000 shares of Uber Technologies stock in a transaction that occurred on Monday, March 16th. The shares were sold at an average price of $74.45, for a total value of $2,233,500.00. Following the completion of the sale, the senior vice president directly owned 460,756 shares in the company, valued at $34,303,284.20. This trade represents a 6.11% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Balaji (A) Krishnamurthy purchased 22,453 shares of the stock in a transaction on Tuesday, February 24th. The shares were purchased at an average cost of $71.25 per share, with a total value of $1,599,776.25. Following the transaction, the chief financial officer owned 28,742 shares in the company, valued at $2,047,867.50. This trade represents a 357.02% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 3.81% of the stock is owned by insiders.

Trending Headlines about Uber Technologies

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Uber Technologies Trading Down 1.3%

UBER stock opened at $72.94 on Wednesday. The firm’s fifty day simple moving average is $73.89 and its two-hundred day simple moving average is $81.01. The stock has a market capitalization of $149.01 billion, a price-to-earnings ratio of 15.49, a price-to-earnings-growth ratio of 6.77 and a beta of 1.16. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.38. Uber Technologies, Inc. has a twelve month low of $68.46 and a twelve month high of $101.99.

Uber Technologies (NYSE:UBERGet Free Report) last posted its earnings results on Wednesday, February 4th. The ride-sharing company reported $0.71 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.79 by ($0.08). The company had revenue of $14.37 billion during the quarter, compared to analysts’ expectations of $14.32 billion. Uber Technologies had a net margin of 19.33% and a return on equity of 43.63%. Uber Technologies’s revenue for the quarter was up 20.1% on a year-over-year basis. During the same quarter last year, the firm earned $3.21 EPS. As a group, analysts anticipate that Uber Technologies, Inc. will post 3.34 earnings per share for the current year.

Uber Technologies Company Profile

(Free Report)

Uber Technologies, Inc is a technology company that operates a global platform connecting riders, drivers, couriers, restaurants and shippers. Founded in 2009 by Garrett Camp and Travis Kalanick and headquartered in San Francisco, Uber developed one of the first large-scale ride-hailing marketplaces and has since expanded into a broader set of mobility and logistics services. The company completed its initial public offering in 2019 and continues to position its app-based network as a multi-modal transportation and delivery platform.

Uber’s principal businesses include mobility services (ride-hailing and shared rides), delivery through Uber Eats, and freight logistics via Uber Freight.

Further Reading

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Institutional Ownership by Quarter for Uber Technologies (NYSE:UBER)

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