Daiwa Securities Group Inc. Has $20.21 Million Stock Holdings in Uber Technologies, Inc. (NYSE:UBER)

Daiwa Securities Group Inc. lifted its position in Uber Technologies, Inc. (NYSE:UBER) by 9.4% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 268,887 shares of the ride-sharing company’s stock after buying an additional 23,191 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Uber Technologies were worth $20,209,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of UBER. Caxton Associates LP boosted its stake in Uber Technologies by 126.0% during the 1st quarter. Caxton Associates LP now owns 13,483 shares of the ride-sharing company’s stock valued at $1,038,000 after purchasing an additional 7,517 shares during the period. Industrial Alliance Investment Management Inc. raised its stake in Uber Technologies by 3.2% during the 1st quarter. Industrial Alliance Investment Management Inc. now owns 5,170 shares of the ride-sharing company’s stock valued at $398,000 after purchasing an additional 160 shares during the last quarter. Sugar Maple Asset Management LLC bought a new stake in Uber Technologies in the 1st quarter valued at $510,000. California State Teachers Retirement System grew its position in Uber Technologies by 0.8% in the 1st quarter. California State Teachers Retirement System now owns 3,005,464 shares of the ride-sharing company’s stock worth $231,391,000 after purchasing an additional 24,053 shares during the last quarter. Finally, Redwood Investment Management LLC bought a new position in shares of Uber Technologies during the 1st quarter worth about $259,000. 80.24% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Uber Technologies

In other news, insider Jill Hazelbaker sold 40,000 shares of the company’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $72.00, for a total value of $2,880,000.00. Following the completion of the sale, the insider now directly owns 127,352 shares of the company’s stock, valued at $9,169,344. This represents a 23.90 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 3.80% of the stock is owned by corporate insiders.

Uber Technologies Stock Performance

Uber Technologies stock opened at $71.51 on Monday. The company has a market cap of $150.58 billion, a PE ratio of 35.58, a PEG ratio of 0.92 and a beta of 1.34. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.70. Uber Technologies, Inc. has a 1 year low of $54.84 and a 1 year high of $87.00. The company’s 50-day moving average is $75.47 and its two-hundred day moving average is $71.13.

Uber Technologies (NYSE:UBER) last announced its quarterly earnings data on Thursday, October 31st. The ride-sharing company reported $1.20 earnings per share for the quarter, beating the consensus estimate of $0.41 by $0.79. Uber Technologies had a net margin of 10.49% and a return on equity of 33.46%. The business had revenue of $11.19 billion for the quarter, compared to analyst estimates of $10.99 billion. During the same period in the prior year, the business posted $0.10 earnings per share. Uber Technologies’s revenue was up 20.4% compared to the same quarter last year. Equities analysts anticipate that Uber Technologies, Inc. will post 1.83 earnings per share for the current year.

Wall Street Analysts Forecast Growth

UBER has been the subject of several research reports. DA Davidson increased their target price on shares of Uber Technologies from $82.00 to $84.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. BMO Capital Markets reiterated an “outperform” rating and issued a $92.00 price objective on shares of Uber Technologies in a research report on Friday, October 11th. Evercore ISI boosted their price objective on Uber Technologies from $90.00 to $120.00 and gave the company an “outperform” rating in a research report on Thursday, October 31st. Gordon Haskett raised Uber Technologies from a “hold” rating to a “buy” rating and set a $85.00 target price for the company in a research report on Thursday, October 31st. Finally, Needham & Company LLC reiterated a “buy” rating and set a $90.00 price target on shares of Uber Technologies in a research note on Thursday, October 31st. Six analysts have rated the stock with a hold rating, thirty-two have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $90.32.

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.