Nisa Investment Advisors LLC Sells 179,741 Shares of Uber Technologies, Inc. $UBER

Nisa Investment Advisors LLC reduced its position in shares of Uber Technologies, Inc. (NYSE:UBER) by 32.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 375,213 shares of the ride-sharing company’s stock after selling 179,741 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Uber Technologies were worth $35,007,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in UBER. Vision Financial Markets LLC bought a new stake in shares of Uber Technologies during the first quarter worth $27,000. West Oak Capital LLC acquired a new stake in shares of Uber Technologies during the 2nd quarter valued at $28,000. Truvestments Capital LLC grew its position in Uber Technologies by 498.5% during the 1st quarter. Truvestments Capital LLC now owns 407 shares of the ride-sharing company’s stock worth $30,000 after acquiring an additional 339 shares during the last quarter. Trust Co. of Toledo NA OH acquired a new position in Uber Technologies in the 2nd quarter worth about $30,000. Finally, Ransom Advisory Ltd bought a new position in Uber Technologies in the first quarter valued at about $31,000. 80.24% of the stock is owned by institutional investors and hedge funds.

Uber Technologies Stock Performance

NYSE UBER opened at $94.09 on Friday. Uber Technologies, Inc. has a 52-week low of $59.33 and a 52-week high of $101.99. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.11 and a current ratio of 1.11. The company has a fifty day moving average of $95.42 and a 200-day moving average of $89.56. The company has a market capitalization of $196.21 billion, a P/E ratio of 16.03 and a beta of 1.48.

Uber Technologies (NYSE:UBER) last posted its quarterly earnings results on Wednesday, August 6th. The ride-sharing company reported $0.63 EPS for the quarter, beating analysts’ consensus estimates of $0.61 by $0.02. Uber Technologies had a net margin of 26.68% and a return on equity of 59.96%. The company had revenue of $12.65 billion during the quarter, compared to analyst estimates of $12.45 billion. During the same period in the prior year, the business posted $0.47 EPS. The firm’s revenue was up 18.2% compared to the same quarter last year. As a group, equities research analysts predict that Uber Technologies, Inc. will post 2.54 EPS for the current fiscal year.

Insider Activity

In other news, insider Jill Hazelbaker sold 31,250 shares of the stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $96.42, for a total value of $3,013,125.00. Following the transaction, the insider owned 86,531 shares in the company, valued at $8,343,319.02. This represents a 26.53% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Nikki Krishnamurthy sold 11,571 shares of the company’s stock in a transaction that occurred on Friday, August 15th. The shares were sold at an average price of $91.74, for a total transaction of $1,061,523.54. Following the sale, the senior vice president directly owned 416,222 shares of the company’s stock, valued at approximately $38,184,206.28. This represents a 2.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 604,946 shares of company stock worth $58,950,116. Insiders own 3.84% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently issued reports on UBER. Roth Capital upped their price objective on Uber Technologies from $93.00 to $110.00 and gave the company a “buy” rating in a research note on Monday, July 14th. KeyCorp raised their price target on shares of Uber Technologies from $90.00 to $110.00 and gave the company an “overweight” rating in a research report on Monday, July 14th. Guggenheim upgraded shares of Uber Technologies to a “strong-buy” rating in a research note on Wednesday, October 15th. Piper Sandler boosted their target price on Uber Technologies from $95.00 to $103.00 and gave the stock an “overweight” rating in a research note on Thursday, July 24th. Finally, Barclays reiterated an “overweight” rating and set a $110.00 price target (up from $97.00) on shares of Uber Technologies in a report on Thursday, August 7th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating and eight have issued a Hold rating to the company’s stock. According to MarketBeat, Uber Technologies currently has a consensus rating of “Moderate Buy” and a consensus target price of $105.91.

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.