Mizuho Securities Co. Ltd. Acquires 2,450 Shares of Uber Technologies, Inc. $UBER

Mizuho Securities Co. Ltd. boosted its stake in shares of Uber Technologies, Inc. (NYSE:UBER) by 48.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,480 shares of the ride-sharing company’s stock after purchasing an additional 2,450 shares during the quarter. Uber Technologies accounts for approximately 2.5% of Mizuho Securities Co. Ltd.’s holdings, making the stock its 13th biggest position. Mizuho Securities Co. Ltd.’s holdings in Uber Technologies were worth $698,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Real Talk Capital LLC lifted its stake in shares of Uber Technologies by 5.0% in the second quarter. Real Talk Capital LLC now owns 2,998 shares of the ride-sharing company’s stock valued at $280,000 after buying an additional 143 shares during the period. Empirical Finance LLC raised its holdings in Uber Technologies by 4.8% in the 2nd quarter. Empirical Finance LLC now owns 11,778 shares of the ride-sharing company’s stock valued at $1,099,000 after acquiring an additional 539 shares in the last quarter. Nicholas Wealth LLC. lifted its position in shares of Uber Technologies by 3.6% in the 2nd quarter. Nicholas Wealth LLC. now owns 16,667 shares of the ride-sharing company’s stock worth $1,555,000 after acquiring an additional 583 shares during the period. Alteri Wealth LLC acquired a new stake in shares of Uber Technologies during the 2nd quarter worth approximately $206,000. Finally, Outlook Wealth Advisors LLC bought a new stake in shares of Uber Technologies during the second quarter valued at approximately $236,000. 80.24% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

UBER has been the subject of several research reports. TD Cowen raised their target price on Uber Technologies from $108.00 to $114.00 and gave the stock a “buy” rating in a research report on Wednesday, November 5th. Mizuho started coverage on shares of Uber Technologies in a report on Monday, September 29th. They issued an “outperform” rating and a $130.00 price target on the stock. Wedbush reduced their price objective on shares of Uber Technologies from $85.00 to $84.00 and set a “neutral” rating for the company in a report on Thursday, August 7th. DA Davidson lifted their target price on shares of Uber Technologies from $102.00 to $108.00 and gave the company a “buy” rating in a research report on Wednesday, November 5th. Finally, Cowen reissued a “buy” rating on shares of Uber Technologies in a research report on Wednesday, November 5th. Two research analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating and eight have given a Hold rating to the company’s stock. According to MarketBeat.com, Uber Technologies has an average rating of “Moderate Buy” and a consensus target price of $108.26.

Uber Technologies Trading Down 1.7%

Shares of UBER stock opened at $89.28 on Thursday. Uber Technologies, Inc. has a 12-month low of $59.33 and a 12-month high of $101.99. The company has a market capitalization of $185.50 billion, a P/E ratio of 11.48 and a beta of 1.46. The firm has a 50-day moving average price of $95.27 and a 200 day moving average price of $91.92. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.37.

Uber Technologies (NYSE:UBER) last issued its quarterly earnings data on Tuesday, November 4th. The ride-sharing company reported $3.11 earnings per share for the quarter, topping the consensus estimate of $0.67 by $2.44. The firm had revenue of $13.47 billion for the quarter, compared to analysts’ expectations of $13.25 billion. Uber Technologies had a net margin of 33.54% and a return on equity of 68.17%. The company’s quarterly revenue was up 20.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.20 earnings per share. Research analysts forecast that Uber Technologies, Inc. will post 2.54 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, insider Jill Hazelbaker sold 31,250 shares of the firm’s stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $96.42, for a total transaction of $3,013,125.00. Following the completion of the sale, the insider directly owned 86,531 shares of the company’s stock, valued at $8,343,319.02. This trade represents a 26.53% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Tony West sold 3,125 shares of Uber Technologies stock in a transaction on Tuesday, November 18th. The shares were sold at an average price of $92.10, for a total value of $287,812.50. Following the completion of the transaction, the insider owned 174,135 shares of the company’s stock, valued at approximately $16,037,833.50. The trade was a 1.76% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 602,000 shares of company stock valued at $58,695,660 in the last 90 days. 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.