Meiji Yasuda Life Insurance Co Acquires 100,921 Shares of Uber Technologies, Inc. (NYSE:UBER)

Meiji Yasuda Life Insurance Co boosted its holdings in shares of Uber Technologies, Inc. (NYSE:UBER) by 237.9% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 143,351 shares of the ride-sharing company’s stock after acquiring an additional 100,921 shares during the quarter. Meiji Yasuda Life Insurance Co’s holdings in Uber Technologies were worth $10,419,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. GHP Investment Advisors Inc. raised its position in Uber Technologies by 222.7% during the second quarter. GHP Investment Advisors Inc. now owns 355 shares of the ride-sharing company’s stock valued at $26,000 after acquiring an additional 245 shares in the last quarter. Financial Management Professionals Inc. grew its holdings in Uber Technologies by 111.6% during the first quarter. Financial Management Professionals Inc. now owns 383 shares of the ride-sharing company’s stock valued at $29,000 after purchasing an additional 202 shares during the last quarter. WR Wealth Planners LLC grew its holdings in Uber Technologies by 563.9% during the second quarter. WR Wealth Planners LLC now owns 405 shares of the ride-sharing company’s stock valued at $29,000 after purchasing an additional 344 shares during the last quarter. J.Safra Asset Management Corp acquired a new position in Uber Technologies during the first quarter valued at approximately $32,000. Finally, MCF Advisors LLC grew its holdings in Uber Technologies by 1,038.5% during the second quarter. MCF Advisors LLC now owns 444 shares of the ride-sharing company’s stock valued at $32,000 after purchasing an additional 405 shares during the last quarter. Institutional investors own 80.24% of the company’s stock.

Uber Technologies Stock Up 1.8 %

Shares of NYSE UBER opened at $72.78 on Wednesday. The stock has a market cap of $152.08 billion, a PE ratio of 117.39, a PEG ratio of 1.21 and a beta of 1.33. The business has a fifty day moving average of $69.45 and a two-hundred day moving average of $70.77. Uber Technologies, Inc. has a 52-week low of $40.09 and a 52-week high of $82.14. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.21 and a current ratio of 1.21.

Uber Technologies (NYSE:UBER) last issued its quarterly earnings data on Tuesday, August 6th. The ride-sharing company reported $0.47 EPS for the quarter, topping analysts’ consensus estimates of $0.31 by $0.16. Uber Technologies had a net margin of 5.02% and a return on equity of 17.06%. The firm had revenue of $10.70 billion for the quarter, compared to analyst estimates of $10.57 billion. During the same quarter in the prior year, the firm earned $0.18 EPS. The company’s revenue was up 15.9% on a year-over-year basis. As a group, equities research analysts expect that Uber Technologies, Inc. will post 1.06 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Uber Technologies news, CEO Dara Khosrowshahi sold 500,000 shares of the stock in a transaction on Monday, July 15th. The stock was sold at an average price of $71.91, for a total value of $35,955,000.00. Following the transaction, the chief executive officer now directly owns 1,266,114 shares in the company, valued at approximately $91,046,257.74. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 3.84% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

UBER has been the topic of several analyst reports. Bank of America reiterated a “buy” rating and set a $88.00 price target on shares of Uber Technologies in a report on Friday, August 23rd. Melius Research initiated coverage on Uber Technologies in a report on Monday, July 22nd. They set a “hold” rating and a $77.00 price target on the stock. Morgan Stanley increased their price target on Uber Technologies from $90.00 to $95.00 and gave the company an “overweight” rating in a report on Tuesday, July 23rd. Roth Mkm increased their price target on Uber Technologies from $89.00 to $90.00 and gave the company a “buy” rating in a report on Wednesday, August 7th. Finally, BMO Capital Markets restated an “outperform” rating and issued a $92.00 price objective on shares of Uber Technologies in a research note on Tuesday, July 30th. Four investment analysts have rated the stock with a hold rating and thirty-one have given a buy rating to the company’s stock. According to MarketBeat, Uber Technologies has a consensus rating of “Moderate Buy” and an average target price of $87.60.

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.