Nicollet Investment Management Inc. Invests $5.50 Million in Uber Technologies, Inc. (NYSE:UBER)

Nicollet Investment Management Inc. bought a new position in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 73,228 shares of the ride-sharing company's stock, valued at approximately $5,504,000. Uber Technologies comprises approximately 1.9% of Nicollet Investment Management Inc.'s investment portfolio, making the stock its 19th largest position.

Other institutional investors also recently modified their holdings of the company. Ascent Wealth Partners LLC acquired a new position in shares of Uber Technologies during the third quarter worth $2,087,000. Sumitomo Mitsui Trust Group Inc. increased its holdings in Uber Technologies by 9.8% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 5,752,471 shares of the ride-sharing company's stock valued at $432,356,000 after purchasing an additional 512,591 shares during the period. Aptus Capital Advisors LLC increased its holdings in Uber Technologies by 17.1% in the second quarter. Aptus Capital Advisors LLC now owns 9,468 shares of the ride-sharing company's stock valued at $688,000 after purchasing an additional 1,383 shares during the period. Lederer & Associates Investment Counsel CA acquired a new stake in Uber Technologies in the third quarter valued at $799,000. Finally, Samlyn Capital LLC acquired a new stake in Uber Technologies in the second quarter valued at $134,987,000. 80.24% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Uber Technologies

In other Uber Technologies news, insider Jill Hazelbaker sold 40,000 shares of the firm's stock in a transaction on Monday, September 16th. The shares were sold at an average price of $72.00, for a total value of $2,880,000.00. Following the completion of the transaction, the insider now directly owns 127,352 shares of the company's stock, valued at $9,169,344. This trade represents a 23.90 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 3.84% of the stock is owned by company insiders.

Uber Technologies Stock Performance

Shares of UBER stock traded up $1.81 during trading hours on Friday, hitting $73.25. 23,980,917 shares of the company were exchanged, compared to its average volume of 18,179,104. The firm has a fifty day simple moving average of $75.48 and a 200 day simple moving average of $71.05. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.70. Uber Technologies, Inc. has a 52-week low of $53.15 and a 52-week high of $87.00. The stock has a market capitalization of $154.24 billion, a price-to-earnings ratio of 36.44, a P/E/G ratio of 0.71 and a beta of 1.34.

Uber Technologies (NYSE:UBER - Get Free Report) last issued its quarterly earnings results on Thursday, October 31st. The ride-sharing company reported $1.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.41 by $0.79. Uber Technologies had a net margin of 10.49% and a return on equity of 33.46%. The company had revenue of $11.19 billion during the quarter, compared to analyst estimates of $10.99 billion. During the same quarter last year, the business posted $0.10 EPS. Uber Technologies's quarterly revenue was up 20.4% compared to the same quarter last year. Research analysts predict that Uber Technologies, Inc. will post 1.83 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

UBER has been the subject of a number of recent research reports. Needham & Company LLC restated a "buy" rating and issued a $90.00 price objective on shares of Uber Technologies in a report on Thursday, October 31st. Citigroup increased their price target on Uber Technologies from $96.00 to $98.00 and gave the stock a "buy" rating in a report on Wednesday, August 7th. Raymond James started coverage on Uber Technologies in a report on Tuesday, September 24th. They set a "strong-buy" rating and a $90.00 price target for the company. The Goldman Sachs Group increased their price objective on shares of Uber Technologies from $85.00 to $90.00 and gave the stock a "buy" rating in a research report on Wednesday, August 7th. Finally, UBS Group increased their price objective on shares of Uber Technologies from $102.00 to $114.00 and gave the stock a "buy" rating in a research report on Friday, October 18th. Six research analysts have rated the stock with a hold rating, thirty-two have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Uber Technologies presently has an average rating of "Moderate Buy" and an average target price of $90.32.

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.