Uber Technologies, Inc. (NYSE:UBER) Shares Sold by Nicollet Investment Management Inc.

Nicollet Investment Management Inc. decreased its stake in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 11.9% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 64,530 shares of the ride-sharing company's stock after selling 8,698 shares during the period. Uber Technologies accounts for 1.3% of Nicollet Investment Management Inc.'s portfolio, making the stock its 26th largest position. Nicollet Investment Management Inc.'s holdings in Uber Technologies were worth $3,892,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. Avion Wealth lifted its stake in shares of Uber Technologies by 96.0% in the 4th quarter. Avion Wealth now owns 445 shares of the ride-sharing company's stock valued at $26,000 after purchasing an additional 218 shares in the last quarter. Runnymede Capital Advisors Inc. acquired a new position in Uber Technologies during the fourth quarter valued at approximately $28,000. GHP Investment Advisors Inc. lifted its position in Uber Technologies by 85.1% during the fourth quarter. GHP Investment Advisors Inc. now owns 485 shares of the ride-sharing company's stock valued at $29,000 after buying an additional 223 shares in the last quarter. Kieckhefer Group LLC purchased a new stake in Uber Technologies during the fourth quarter worth approximately $33,000. Finally, Retirement Wealth Solutions LLC acquired a new stake in shares of Uber Technologies in the fourth quarter worth $35,000. Hedge funds and other institutional investors own 80.24% of the company's stock.

Uber Technologies Stock Performance

NYSE UBER traded up $0.17 during trading hours on Tuesday, reaching $73.03. The company's stock had a trading volume of 16,868,970 shares, compared to its average volume of 20,099,981. The company has a current ratio of 1.07, a quick ratio of 1.41 and a debt-to-equity ratio of 0.37. The business has a 50-day simple moving average of $73.66 and a 200 day simple moving average of $71.80. Uber Technologies, Inc. has a 52 week low of $54.84 and a 52 week high of $87.00. The stock has a market cap of $152.77 billion, a PE ratio of 16.02, a PEG ratio of 0.89 and a beta of 1.39.

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Uber Technologies (NYSE:UBER - Get Free Report) last announced its quarterly earnings results on Wednesday, February 5th. The ride-sharing company reported $3.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.50 by $2.71. Uber Technologies had a return on equity of 62.60% and a net margin of 22.41%. Equities research analysts predict that Uber Technologies, Inc. will post 2.54 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

UBER has been the subject of a number of research reports. JMP Securities reaffirmed a "market perform" rating on shares of Uber Technologies in a research report on Thursday, February 6th. KGI Securities restated a "neutral" rating and set a $78.00 price objective on shares of Uber Technologies in a research note on Tuesday, March 11th. Fox Advisors lowered Uber Technologies from an "overweight" rating to an "equal weight" rating in a research note on Tuesday, March 11th. Cantor Fitzgerald reiterated an "overweight" rating and set a $80.00 target price on shares of Uber Technologies in a report on Thursday, February 6th. Finally, Evercore ISI lowered their price objective on shares of Uber Technologies from $120.00 to $115.00 and set an "outperform" rating for the company in a research report on Thursday, February 6th. Ten equities research analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Uber Technologies has a consensus rating of "Moderate Buy" and a consensus price target of $90.31.

Insider Activity

In related news, insider Jill Hazelbaker sold 31,000 shares of Uber Technologies stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $81.02, for a total value of $2,511,620.00. Following the sale, the insider now directly owns 86,973 shares in the company, valued at $7,046,552.46. This trade represents a 26.28 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Nikki Krishnamurthy sold 20,000 shares of the business's stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $71.57, for a total transaction of $1,431,400.00. Following the transaction, the senior vice president now directly owns 361,908 shares of the company's stock, valued at $25,901,755.56. The trade was a 5.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 77,154 shares of company stock valued at $5,793,869. 3.84% of the stock is currently owned by company insiders.

Uber Technologies Company 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.