Sumitomo Mitsui Trust Group Inc. Purchases 512,591 Shares of Uber Technologies, Inc. (NYSE:UBER)

Sumitomo Mitsui Trust Group Inc. boosted its stake in shares of Uber Technologies, Inc. (NYSE:UBER) by 9.8% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,752,471 shares of the ride-sharing company’s stock after buying an additional 512,591 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned approximately 0.27% of Uber Technologies worth $432,356,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of UBER. Vanguard Group Inc. lifted its stake in shares of Uber Technologies by 2.2% in the 1st quarter. Vanguard Group Inc. now owns 171,253,318 shares of the ride-sharing company’s stock valued at $13,184,793,000 after purchasing an additional 3,623,951 shares during the period. Capital Research Global Investors lifted its stake in shares of Uber Technologies by 8.2% in the 1st quarter. Capital Research Global Investors now owns 39,947,547 shares of the ride-sharing company’s stock valued at $3,075,562,000 after purchasing an additional 3,019,431 shares during the period. Price T Rowe Associates Inc. MD lifted its stake in shares of Uber Technologies by 37.8% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 36,425,981 shares of the ride-sharing company’s stock valued at $2,804,437,000 after purchasing an additional 9,996,508 shares during the period. GQG Partners LLC lifted its stake in shares of Uber Technologies by 74.1% in the 1st quarter. GQG Partners LLC now owns 22,423,451 shares of the ride-sharing company’s stock valued at $1,726,381,000 after purchasing an additional 9,541,366 shares during the period. Finally, Legal & General Group Plc lifted its stake in shares of Uber Technologies by 1.6% in the 2nd quarter. Legal & General Group Plc now owns 15,238,477 shares of the ride-sharing company’s stock valued at $1,107,529,000 after purchasing an additional 237,976 shares during the period. 80.24% of the stock is owned by institutional investors and hedge funds.

Uber Technologies Price Performance

Shares of NYSE UBER opened at $71.65 on Tuesday. Uber Technologies, Inc. has a 1 year low of $50.72 and a 1 year high of $87.00. The stock has a market capitalization of $150.87 billion, a P/E ratio of 35.65, a P/E/G ratio of 0.72 and a beta of 1.34. The company’s 50-day moving average is $75.45 and its 200 day moving average is $70.97. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.41 and a quick ratio of 1.41.

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

Insider Activity

In related news, insider Jill Hazelbaker sold 40,000 shares of the business’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $72.00, for a total transaction of $2,880,000.00. Following the sale, the insider now owns 127,352 shares of the company’s stock, valued at $9,169,344. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 3.84% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently commented on the company. Melius assumed coverage on Uber Technologies in a research report on Monday, July 22nd. They issued a “hold” rating and a $77.00 target price for the company. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $90.00 target price on shares of Uber Technologies in a research report on Monday, October 7th. Daiwa Capital Markets lowered Uber Technologies from an “outperform” rating to a “neutral” rating and set a $84.00 target price for the company. in a research report on Thursday, October 17th. Citigroup boosted their target price on Uber Technologies from $96.00 to $98.00 and gave the company a “buy” rating in a research report on Wednesday, August 7th. Finally, Raymond James assumed coverage on Uber Technologies in a research report on Tuesday, September 24th. They issued a “strong-buy” rating and a $90.00 target price for the company. Six analysts have rated the stock with a hold rating, thirty-two have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $90.32.

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.