Sumitomo Mitsui Trust Holdings Inc. Sells 1,511 Shares of Uber Technologies, Inc. (NYSE:UBER)

Sumitomo Mitsui Trust Holdings Inc. decreased its holdings in Uber Technologies, Inc. (NYSE:UBER) by 0.0% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,915,111 shares of the ride-sharing company’s stock after selling 1,511 shares during the period. Sumitomo Mitsui Trust Holdings Inc. owned about 0.24% of Uber Technologies worth $378,414,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of UBER. Vanguard Group Inc. increased its position in shares of Uber Technologies by 34.8% during the fourth quarter. Vanguard Group Inc. now owns 167,629,367 shares of the ride-sharing company’s stock worth $10,320,940,000 after purchasing an additional 43,275,830 shares in the last quarter. Norges Bank acquired a new position in shares of Uber Technologies in the 4th quarter valued at $1,415,778,000. Edgewood Management LLC acquired a new position in shares of Uber Technologies in the 4th quarter valued at $783,401,000. Capital Research Global Investors increased its position in shares of Uber Technologies by 28.4% in the 4th quarter. Capital Research Global Investors now owns 36,928,116 shares of the ride-sharing company’s stock valued at $2,273,669,000 after acquiring an additional 8,164,816 shares during the period. Finally, Northern Trust Corp increased its position in shares of Uber Technologies by 41.0% in the 4th quarter. Northern Trust Corp now owns 17,419,446 shares of the ride-sharing company’s stock valued at $1,072,515,000 after acquiring an additional 5,063,412 shares during the period. Institutional investors own 80.24% of the company’s stock.

Insider Buying and Selling

In other Uber Technologies news, CEO Dara Khosrowshahi sold 500,000 shares of the company’s stock in a transaction dated Friday, May 17th. The shares were sold at an average price of $65.93, for a total value of $32,965,000.00. Following the sale, the chief executive officer now owns 1,656,996 shares of the company’s stock, valued at $109,245,746.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Uber Technologies news, CEO Dara Khosrowshahi sold 500,000 shares of the company’s stock in a transaction dated Friday, May 17th. The shares were sold at an average price of $65.93, for a total value of $32,965,000.00. Following the sale, the chief executive officer now owns 1,656,996 shares of the company’s stock, valued at $109,245,746.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Tony West sold 28,000 shares of the business’s stock in a transaction that occurred on Thursday, June 13th. The shares were sold at an average price of $70.67, for a total transaction of $1,978,760.00. Following the completion of the transaction, the insider now directly owns 96,945 shares of the company’s stock, valued at approximately $6,851,103.15. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 635,984 shares of company stock valued at $42,258,297. Corporate insiders own 3.80% of the company’s stock.

Uber Technologies Stock Performance

Shares of NYSE:UBER traded up $1.13 during midday trading on Wednesday, hitting $71.80. The stock had a trading volume of 2,002,277 shares, compared to its average volume of 19,239,473. The company has a market capitalization of $150.03 billion, a PE ratio of 113.98, a P/E/G ratio of 1.59 and a beta of 1.36. The stock has a 50 day moving average price of $67.94 and a two-hundred day moving average price of $69.95. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.80. Uber Technologies, Inc. has a 1 year low of $40.09 and a 1 year high of $82.14.

Uber Technologies (NYSE:UBER) last released its quarterly earnings data on Wednesday, May 8th. The ride-sharing company reported ($0.32) EPS for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.53). The company had revenue of $10.13 billion for the quarter, compared to analysts’ expectations of $10.09 billion. Uber Technologies had a return on equity of 12.81% and a net margin of 3.60%. The firm’s quarterly revenue was up 14.8% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.08) EPS. As a group, equities analysts predict that Uber Technologies, Inc. will post 0.85 earnings per share for the current fiscal year.

Analysts Set New Price Targets

UBER has been the topic of several recent research reports. DA Davidson reaffirmed a “buy” rating and issued a $81.00 price target on shares of Uber Technologies in a report on Wednesday, May 8th. TD Cowen lowered their target price on shares of Uber Technologies from $90.00 to $88.00 and set a “buy” rating on the stock in a research note on Thursday, May 9th. Oppenheimer restated an “outperform” rating and set a $90.00 price target on shares of Uber Technologies in a research report on Wednesday, June 5th. UBS Group reduced their price target on shares of Uber Technologies from $100.00 to $95.00 and set a “buy” rating for the company in a research report on Thursday, May 9th. Finally, Citigroup increased their price objective on shares of Uber Technologies from $93.00 to $96.00 and gave the company a “buy” rating in a report on Wednesday, June 12th. Two research analysts have rated the stock with a hold rating and thirty have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $84.41.

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.