Nicolet Advisory Services LLC Purchases 199 Shares of Uber Technologies, Inc. (NYSE:UBER)

Nicolet Advisory Services LLC raised its holdings in shares of Uber Technologies, Inc. (NYSE:UBER) by 3.6% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,660 shares of the ride-sharing company’s stock after acquiring an additional 199 shares during the quarter. Nicolet Advisory Services LLC’s holdings in Uber Technologies were worth $413,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Ascent Wealth Partners LLC acquired a new stake in Uber Technologies in the 3rd quarter valued at $2,087,000. Aviso Wealth Management acquired a new stake in shares of Uber Technologies in the third quarter valued at about $2,302,000. Sumitomo Mitsui Trust Group Inc. increased its position in shares of Uber Technologies by 9.8% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 5,752,471 shares of the ride-sharing company’s stock valued at $432,356,000 after acquiring an additional 512,591 shares during the last quarter. Aptus Capital Advisors LLC raised its holdings in Uber Technologies by 17.1% during the second quarter. Aptus Capital Advisors LLC now owns 9,468 shares of the ride-sharing company’s stock worth $688,000 after acquiring an additional 1,383 shares in the last quarter. Finally, Lederer & Associates Investment Counsel CA acquired a new position in Uber Technologies during the third quarter valued at approximately $799,000. 80.24% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have weighed in on UBER shares. Roth Mkm boosted their price target on Uber Technologies from $89.00 to $90.00 and gave the stock a “buy” rating in a research report on Wednesday, August 7th. Citigroup boosted their target price on shares of Uber Technologies from $96.00 to $98.00 and gave the stock a “buy” rating in a report on Wednesday, August 7th. Daiwa America cut shares of Uber Technologies from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 17th. Gordon Haskett upgraded shares of Uber Technologies from a “hold” rating to a “buy” rating and set a $85.00 price objective on the stock in a research note on Thursday, October 31st. Finally, JMP Securities upped their target price on shares of Uber Technologies from $80.00 to $95.00 and gave the company a “market outperform” rating in a report on Friday, November 1st. 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 stock. According to MarketBeat.com, Uber Technologies currently has a consensus rating of “Moderate Buy” and a consensus target price of $90.32.

Uber Technologies Stock Performance

NYSE:UBER opened at $71.51 on Friday. The company has a market cap of $150.58 billion, a price-to-earnings ratio of 35.58, a PEG ratio of 0.90 and a beta of 1.34. 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 0.70, a quick ratio of 1.41 and a current ratio of 1.41. The stock has a fifty day moving average price of $75.47 and a 200-day moving average price of $71.09.

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

Insider Transactions at Uber Technologies

In other news, insider Jill Hazelbaker sold 40,000 shares of Uber Technologies stock in a transaction on 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 transaction, the insider now owns 127,352 shares in the company, valued at approximately $9,169,344. This trade represents a 23.90 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 3.84% of the stock is currently owned by insiders.

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.