Nixon Capital LLC Raises Holdings in Uber Technologies, Inc. $UBER

Key Points

• Nixon Capital LLC increased its holdings in Uber Technologies by 5.8% in the first quarter, owning 380,077 shares valued at $27.69 million, making it the firm's largest position.
• In recent insider trading, SVP Nikki Krishnamurthy and Jill Hazelbaker sold a total of 48,696 shares of Uber stock, resulting in a decrease in their ownership percentages.
• Analysts have a consensus price target of $102.82 for Uber, with most giving the stock a "Buy" or "Overweight" rating based on recent performance and growth potential.

Nixon Capital LLC boosted its holdings in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 5.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 380,077 shares of the ride-sharing company's stock after buying an additional 20,773 shares during the period. Uber Technologies makes up about 9.6% of Nixon Capital LLC's investment portfolio, making the stock its largest position. Nixon Capital LLC's holdings in Uber Technologies were worth $27,692,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in UBER. Noble Wealth Management PBC acquired a new stake in shares of Uber Technologies during the 1st quarter worth approximately $27,000. Kozak & Associates Inc. grew its holdings in shares of 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 purchasing an additional 223 shares in the last quarter. Vision Financial Markets LLC acquired a new stake in shares of Uber Technologies during the 1st quarter worth approximately $27,000. GPS Wealth Strategies Group LLC grew its holdings in shares of 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 purchasing an additional 299 shares in the last quarter. Finally, Perkins Coie Trust Co grew its holdings in shares of 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 purchasing an additional 306 shares in the last quarter. 80.24% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, SVP Nikki Krishnamurthy sold 11,571 shares of the company's stock in a transaction dated Friday, August 15th. The stock was sold at an average price of $91.74, for a total transaction of $1,061,523.54. Following the completion of the transaction, the senior vice president directly owned 416,222 shares of the company's stock, valued at $38,184,206.28. This represents a 2.70% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, 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 directly owned 86,531 shares of the company's stock, valued at $8,343,319.02. This trade represents a 26.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 48,696 shares of company stock valued at $4,632,774 in the last three months. Insiders own 3.84% of the company's stock.

Wall Street Analysts Forecast Growth

UBER has been the topic of several recent research reports. Wells Fargo & Company decreased their price objective on Uber Technologies from $120.00 to $119.00 and set an "overweight" rating on the stock in a report on Thursday, August 7th. Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $106.00 price target (up previously from $96.00) on shares of Uber Technologies in a research note on Wednesday, June 25th. Cowen reaffirmed a "buy" rating on shares of Uber Technologies in a research note on Thursday, August 7th. KeyCorp boosted their price target on Uber Technologies from $90.00 to $110.00 and gave the company an "overweight" rating in a research note on Monday, July 14th. Finally, Roth Capital boosted their price target on Uber Technologies from $93.00 to $110.00 and gave the company a "buy" rating in a research note on Monday, July 14th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and ten have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $102.82.

Uber Technologies Trading Down 0.9%

NYSE UBER opened at $92.08 on Friday. Uber Technologies, Inc. has a 12 month low of $59.33 and a 12 month high of $97.71. 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 company has a market capitalization of $192.03 billion, a PE ratio of 15.69, a P/E/G ratio of 1.07 and a beta of 1.43. The stock has a 50-day simple moving average of $92.43 and a 200 day simple moving average of $83.95.

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

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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