Tokio Marine Asset Management Co. Ltd. Buys 2,629 Shares of Uber Technologies, Inc. (NYSE:UBER)

Tokio Marine Asset Management Co. Ltd. boosted its stake in shares of Uber Technologies, Inc. (NYSE:UBER) by 4.7% in the first quarter, Holdings Channel reports. The institutional investor owned 58,055 shares of the ride-sharing company’s stock after purchasing an additional 2,629 shares during the period. Tokio Marine Asset Management Co. Ltd.’s holdings in Uber Technologies were worth $4,230,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in UBER. Noble Wealth Management PBC bought a new stake in shares of Uber Technologies in the 1st quarter worth $27,000. Kozak & Associates Inc. increased its holdings in shares of Uber Technologies by 155.9% in the 1st quarter. Kozak & Associates Inc. now owns 366 shares of the ride-sharing company’s stock worth $27,000 after purchasing an additional 223 shares in the last quarter. Vision Financial Markets LLC bought a new stake in shares of Uber Technologies in the 1st quarter worth $27,000. GPS Wealth Strategies Group LLC increased its holdings in shares of Uber Technologies by 305.1% in the 1st quarter. GPS Wealth Strategies Group LLC now owns 397 shares of the ride-sharing company’s stock worth $29,000 after purchasing an additional 299 shares in the last quarter. Finally, Perkins Coie Trust Co increased its holdings in shares of Uber Technologies by 306.0% in the 1st quarter. Perkins Coie Trust Co now owns 406 shares of the ride-sharing company’s stock worth $30,000 after purchasing an additional 306 shares in the last quarter. Institutional investors own 80.24% of the company’s stock.

Uber Technologies Price Performance

Shares of Uber Technologies stock opened at $90.97 on Thursday. The stock’s 50-day simple moving average is $89.92 and its 200-day simple moving average is $81.54. Uber Technologies, Inc. has a 52 week low of $59.33 and a 52 week high of $97.71. The company has a market capitalization of $189.71 billion, a price-to-earnings ratio of 15.50, a PEG ratio of 1.05 and a beta of 1.43. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.41.

Uber Technologies (NYSE:UBER) last announced its quarterly earnings data on Wednesday, August 6th. The ride-sharing company reported $0.63 EPS for the quarter, beating the consensus estimate of $0.61 by $0.02. Uber Technologies had a return on equity of 59.96% and a net margin of 26.68%. The business had revenue of $12.65 billion for the quarter, compared to the consensus estimate of $12.45 billion. During the same period in the previous year, the business earned $0.47 earnings per share. The business’s revenue was up 18.2% on a year-over-year basis. As a group, analysts expect that Uber Technologies, Inc. will post 2.54 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts have commented on UBER shares. Piper Sandler lifted their target price on Uber Technologies from $95.00 to $103.00 and gave the stock an “overweight” rating in a report on Thursday, July 24th. Needham & Company LLC lifted their target price on Uber Technologies from $100.00 to $109.00 and gave the stock a “buy” rating in a report on Monday, July 14th. Wedbush reduced their target price on Uber Technologies from $85.00 to $84.00 and set a “neutral” rating for the company in a report on Thursday, August 7th. The Goldman Sachs Group lifted their price objective on Uber Technologies from $96.00 to $110.00 and gave the stock a “buy” rating in a report on Thursday, May 8th. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $106.00 price objective (up previously from $96.00) on shares of Uber Technologies in a report on Wednesday, June 25th. Eleven research analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $102.82.

Insider Activity at Uber Technologies

In related news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the business’s stock in a transaction dated Monday, July 7th. The stock was sold at an average price of $95.00, for a total value of $261,250.00. Following the sale, the chief financial officer directly owned 21,975 shares in the company, valued at approximately $2,087,625. The trade was a 11.12% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 3.84% of the stock is 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.