Nissay Asset Management Corp Japan ADV Raises Stock Holdings in Uber Technologies, Inc. $UBER

Key Points

• Nissay Asset Management Corp Japan ADV increased its shareholding in Uber Technologies by 1.5%, resulting in ownership of 230,487 shares valued at approximately $16.8 million.
• Uber Technologies' stock has seen a recent decline of 1.2%, with shares trading at around $90.89 and a market capitalization of $189.54 billion.
• In the latest quarterly earnings report, Uber surpassed analysts' expectations with earnings per share of $0.63 and revenue of $12.65 billion.

Nissay Asset Management Corp Japan ADV boosted its holdings in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 1.5% in the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 230,487 shares of the ride-sharing company's stock after purchasing an additional 3,499 shares during the period. Nissay Asset Management Corp Japan ADV's holdings in Uber Technologies were worth $16,793,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Noble Wealth Management PBC bought a new position in Uber Technologies during the 1st quarter worth approximately $27,000. Kozak & Associates Inc. lifted its holdings in Uber Technologies by 155.9% during the 1st quarter. Kozak & Associates Inc. now owns 366 shares of the ride-sharing company's stock worth $27,000 after buying an additional 223 shares during the last quarter. Vision Financial Markets LLC bought a new position in Uber Technologies during the 1st quarter worth approximately $27,000. GPS Wealth Strategies Group LLC lifted its holdings in Uber Technologies by 305.1% during the 1st quarter. GPS Wealth Strategies Group LLC now owns 397 shares of the ride-sharing company's stock worth $29,000 after buying an additional 299 shares during the last quarter. Finally, Perkins Coie Trust Co lifted its holdings in Uber Technologies by 306.0% during the 1st quarter. Perkins Coie Trust Co now owns 406 shares of the ride-sharing company's stock worth $30,000 after buying an additional 306 shares during the last quarter. Hedge funds and other institutional investors own 80.24% of the company's stock.

Insiders Place Their Bets

In related news, insider Jill Hazelbaker sold 31,250 shares of the firm's stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $96.42, for a total value of $3,013,125.00. Following the sale, the insider directly owned 86,531 shares in the company, valued at $8,343,319.02. This trade represents a 26.53% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Tony West sold 3,125 shares of the firm's stock in a transaction that occurred on Tuesday, August 26th. The shares were sold at an average price of $95.00, for a total value of $296,875.00. Following the completion of the sale, the insider owned 170,269 shares in the company, valued at approximately $16,175,555. This represents a 1.80% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 48,696 shares of company stock valued at $4,632,774 in the last quarter. 3.84% of the stock is owned by insiders.

Uber Technologies Stock Down 1.2%

Shares of Uber Technologies stock opened at $90.89 on Friday. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.41. The business's 50 day simple moving average is $92.42 and its 200-day simple moving average is $84.01. The stock has a market capitalization of $189.54 billion, a price-to-earnings ratio of 15.48, a PEG ratio of 1.05 and a beta of 1.43. Uber Technologies, Inc. has a twelve month low of $59.33 and a twelve month high of $97.71.

Uber Technologies (NYSE:UBER - Get Free Report) last announced its quarterly earnings results on Wednesday, August 6th. The ride-sharing company reported $0.63 earnings per share for the quarter, topping analysts' consensus estimates of $0.61 by $0.02. The business had revenue of $12.65 billion for the quarter, compared to analysts' expectations of $12.45 billion. Uber Technologies had a return on equity of 59.96% and a net margin of 26.68%.The business's quarterly revenue was up 18.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.47 EPS. Equities research analysts forecast that Uber Technologies, Inc. will post 2.54 earnings per share for the current year.

Analysts Set New Price Targets

UBER has been the topic of a number of research analyst reports. Wells Fargo & Company increased their target price on Uber Technologies from $119.00 to $127.00 and gave the stock an "overweight" rating in a report on Friday. JPMorgan Chase & Co. increased their target price on Uber Technologies from $105.00 to $110.00 and gave the stock an "overweight" rating in a report on Friday, July 11th. Wall Street Zen downgraded Uber Technologies from a "buy" rating to a "hold" rating in a report on Saturday, August 9th. JMP Securities reaffirmed a "market perform" rating on shares of Uber Technologies in a report on Thursday, May 15th. Finally, KeyCorp increased their price target on Uber Technologies from $90.00 to $110.00 and gave the stock an "overweight" rating in a research report on Monday, July 14th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and ten have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $103.06.

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.

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