Nisa Investment Advisors LLC Increases Holdings in Uber Technologies, Inc. (NYSE:UBER)

Nisa Investment Advisors LLC grew its stake in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 42.8% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 554,954 shares of the ride-sharing company's stock after acquiring 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 SEC filing.

Several other large investors have also recently modified their holdings of UBER. Brighton Jones LLC grew its holdings in shares of Uber Technologies by 3.4% during the fourth quarter. Brighton Jones LLC now owns 74,460 shares of the ride-sharing company's stock valued at $4,491,000 after buying an additional 2,474 shares during the last quarter. Revolve Wealth Partners LLC boosted its stake in Uber Technologies by 65.0% during the 4th quarter. Revolve Wealth Partners LLC now owns 15,563 shares of the ride-sharing company's stock valued at $939,000 after purchasing an additional 6,129 shares during the last quarter. Bank Pictet & Cie Europe AG bought a new stake in shares of Uber Technologies in the 4th quarter worth $395,000. Proficio Capital Partners LLC raised its stake in shares of Uber Technologies by 3.2% in the fourth quarter. Proficio Capital Partners LLC now owns 70,613 shares of the ride-sharing company's stock worth $4,259,000 after purchasing an additional 2,184 shares during the last quarter. Finally, Edgestream Partners L.P. lifted its holdings in shares of Uber Technologies by 121.5% during the fourth quarter. Edgestream Partners L.P. now owns 22,395 shares of the ride-sharing company's stock valued at $1,351,000 after purchasing an additional 12,283 shares in the last quarter. Hedge funds and other institutional investors own 80.24% of the company's stock.

Analysts Set New Price Targets

Several research firms recently commented on UBER. UBS Group lifted their price objective on Uber Technologies from $103.00 to $107.00 and gave the stock a "buy" rating in a report on Thursday, May 8th. Needham & Company LLC reiterated a "buy" rating and issued a $90.00 price target on shares of Uber Technologies in a research note on Wednesday, May 7th. Raymond James Financial downgraded shares of Uber Technologies from a "strong-buy" rating to a "moderate buy" rating in a research report on Wednesday, June 18th. Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $82.00 target price on shares of Uber Technologies in a research report on Monday, May 5th. Finally, The Goldman Sachs Group boosted their target price on shares of Uber Technologies from $96.00 to $110.00 and gave the company a "buy" rating in a research note on Thursday, May 8th. Thirteen investment analysts have rated the stock with a hold rating and twenty-six have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $96.12.

Insider Buying and Selling at Uber Technologies

In other news, insider Jill Hazelbaker sold 34,884 shares of Uber Technologies stock in a transaction on Monday, May 12th. The stock was 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 directly owned 102,135 shares in the company, valued at approximately $8,786,674.05. This trade represents a 25.46% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the business's stock in a transaction 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. This represents a 11.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 40,384 shares of company stock worth $3,496,071. Insiders own 3.84% of the company's stock.

Uber Technologies Price Performance

Shares of UBER traded down $1.04 during mid-day trading on Friday, hitting $95.36. 12,442,436 shares of the stock were exchanged, compared to its average volume of 21,228,691. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.02 and a current ratio of 1.02. The company has a market cap of $199.41 billion, a PE ratio of 16.70, a price-to-earnings-growth ratio of 1.23 and a beta of 1.40. Uber Technologies, Inc. has a 52-week low of $54.84 and a 52-week high of $97.72. The firm has a 50-day moving average of $88.25 and a two-hundred day moving average of $77.30.

Uber Technologies (NYSE:UBER - Get Free Report) last released its quarterly earnings results 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 company had revenue of $11.53 billion for the quarter, compared to the consensus estimate of $11.61 billion. During the same quarter in the prior year, the firm earned ($0.32) earnings per share. Uber Technologies's revenue was up 13.8% on a year-over-year basis. On average, equities analysts predict that Uber Technologies, Inc. will post 2.54 earnings per share for the current year.

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.