Daiwa Securities Group Inc. Purchases 148,406 Shares of Uber Technologies, Inc. (NYSE:UBER)

Daiwa Securities Group Inc. raised its position in Uber Technologies, Inc. (NYSE:UBER) by 55.2% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 417,293 shares of the ride-sharing company’s stock after buying an additional 148,406 shares during the period. Daiwa Securities Group Inc.’s holdings in Uber Technologies were worth $25,281,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of UBER. Avion Wealth lifted its holdings in Uber Technologies by 96.0% during the fourth quarter. Avion Wealth now owns 445 shares of the ride-sharing company’s stock worth $26,000 after acquiring an additional 218 shares during the period. GHP Investment Advisors Inc. grew its stake in Uber Technologies by 85.1% in the 4th quarter. GHP Investment Advisors Inc. now owns 485 shares of the ride-sharing company’s stock valued at $29,000 after purchasing an additional 223 shares during the period. Retirement Wealth Solutions LLC purchased a new stake in shares of Uber Technologies during the 4th quarter valued at $35,000. Kieckhefer Group LLC bought a new stake in shares of Uber Technologies during the 4th quarter worth $33,000. Finally, Transcendent Capital Group LLC boosted its holdings in shares of Uber Technologies by 3,928.6% in the 3rd quarter. Transcendent Capital Group LLC now owns 564 shares of the ride-sharing company’s stock worth $42,000 after buying an additional 550 shares during the last quarter. Institutional investors own 80.24% of the company’s stock.

Analyst Ratings Changes

Several analysts have commented on UBER shares. Truist Financial lifted their price objective on shares of Uber Technologies from $90.00 to $92.00 and gave the stock a “buy” rating in a research report on Thursday. Citigroup lowered their price target on shares of Uber Technologies from $98.00 to $92.00 and set a “buy” rating on the stock in a report on Thursday, February 6th. The Goldman Sachs Group reissued a “buy” rating and set a $96.00 price objective on shares of Uber Technologies in a report on Thursday, January 2nd. UBS Group restated a “buy” rating on shares of Uber Technologies in a research note on Friday, February 21st. Finally, Wolfe Research increased their price target on Uber Technologies from $90.00 to $92.00 and gave the stock an “outperform” rating in a research note on Friday, January 3rd. Eight equities research analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Uber Technologies currently has a consensus rating of “Moderate Buy” and a consensus target price of $90.71.

Uber Technologies Stock Performance

Uber Technologies stock opened at $76.38 on Monday. Uber Technologies, Inc. has a fifty-two week low of $54.84 and a fifty-two week high of $87.00. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.41 and a current ratio of 1.07. The stock has a market cap of $159.55 billion, a P/E ratio of 16.75, a price-to-earnings-growth ratio of 0.89 and a beta of 1.39. The firm’s fifty day moving average price is $70.92 and its 200-day moving average price is $71.62.

Uber Technologies (NYSE:UBER) last released its quarterly earnings results on Wednesday, February 5th. The ride-sharing company reported $3.21 earnings per share for the quarter, beating analysts’ consensus estimates of $0.50 by $2.71. Uber Technologies had a return on equity of 62.60% and a net margin of 22.41%. On average, equities research analysts expect that Uber Technologies, Inc. will post 2.54 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider Jill Hazelbaker sold 31,000 shares of Uber Technologies stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $81.02, for a total value of $2,511,620.00. Following the transaction, the insider now owns 86,973 shares in the company, valued at $7,046,552.46. This trade represents a 26.28 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 3.84% of the stock is currently owned by corporate insiders.

Uber Technologies 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.