Nisa Investment Advisors LLC Boosts Stake in Uber Technologies, Inc. (NYSE:UBER)

Nisa Investment Advisors LLC grew its position in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 42.8% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 554,954 shares of the ride-sharing company's stock after buying an additional 166,277 shares during the quarter. Nisa Investment Advisors LLC's holdings in Uber Technologies were worth $40,434,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Capital Research Global Investors raised its position in shares of Uber Technologies by 79.0% during the 4th quarter. Capital Research Global Investors now owns 118,131,681 shares of the ride-sharing company's stock valued at $7,125,728,000 after purchasing an additional 52,125,476 shares during the period. Norges Bank purchased a new position in Uber Technologies during the fourth quarter valued at $1,467,754,000. Boston Partners purchased a new position in Uber Technologies during the fourth quarter valued at $381,057,000. Toyota Motor Corp purchased a new position in Uber Technologies during the fourth quarter valued at $309,192,000. Finally, Jericho Capital Asset Management L.P. purchased a new position in Uber Technologies during the fourth quarter valued at $298,644,000. Hedge funds and other institutional investors own 80.24% of the company's stock.

Insider Buying and Selling

In related news, insider Jill Hazelbaker sold 34,884 shares of the stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $86.03, for a total transaction of $3,001,070.52. Following the completion of the sale, the insider owned 102,135 shares of the company's stock, valued at $8,786,674.05. This represents a 25.46% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the stock in a transaction that occurred on Monday, July 7th. The shares were sold at an average price of $95.00, for a total transaction of $261,250.00. Following the sale, the chief financial officer directly owned 21,975 shares of the company's stock, valued at $2,087,625. The trade was a 11.12% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 40,384 shares of company stock valued at $3,496,071 in the last three months. 3.84% of the stock is currently owned by corporate insiders.

Uber Technologies Stock Down 0.3%

Shares of NYSE UBER traded down $0.25 during midday trading on Thursday, reaching $96.39. 15,642,616 shares of the company's stock traded hands, compared to its average volume of 21,263,815. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.37. The stock's 50 day simple moving average is $88.25 and its 200-day simple moving average is $77.30. Uber Technologies, Inc. has a one year low of $54.84 and a one year high of $97.72. The company has a market cap of $201.57 billion, a price-to-earnings ratio of 16.88, a P/E/G ratio of 1.23 and a beta of 1.40.

Uber Technologies (NYSE:UBER - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The ride-sharing company reported $0.83 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.50 by $0.33. Uber Technologies had a net margin of 27.07% and a return on equity of 66.46%. The firm had revenue of $11.53 billion for the quarter, compared to the consensus estimate of $11.61 billion. During the same period last year, the firm earned ($0.32) earnings per share. The company's quarterly revenue was up 13.8% on a year-over-year basis. On average, analysts predict that Uber Technologies, Inc. will post 2.54 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. UBS Group raised their target price on shares of Uber Technologies from $103.00 to $107.00 and gave the company a "buy" rating in a research note on Thursday, May 8th. Stifel Nicolaus initiated coverage on shares of Uber Technologies in a research note on Wednesday, June 11th. They issued a "buy" rating and a $110.00 price objective for the company. Raymond James Financial cut shares of Uber Technologies from a "strong-buy" rating to a "moderate buy" rating in a research note on Wednesday, June 18th. Citigroup lifted their price objective on shares of Uber Technologies from $92.00 to $102.00 and gave the stock a "buy" rating in a research note on Thursday, May 8th. Finally, Wall Street Zen cut shares of Uber Technologies from a "buy" rating to a "hold" rating in a research note on Saturday, July 5th. Thirteen investment analysts have rated the stock with a hold rating and twenty-six have given a buy rating to the company's stock. According to MarketBeat.com, Uber Technologies has an average rating of "Moderate Buy" and an average target price of $95.97.

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.