Nomura Asset Management Co. Ltd. Grows Holdings in Uber Technologies, Inc. (NYSE:UBER)

Nomura Asset Management Co. Ltd. grew its position in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 11.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,877,723 shares of the ride-sharing company's stock after purchasing an additional 189,158 shares during the period. Nomura Asset Management Co. Ltd. owned approximately 0.09% of Uber Technologies worth $113,264,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in UBER. Avion Wealth raised its position in shares of Uber Technologies by 96.0% during the 4th quarter. Avion Wealth now owns 445 shares of the ride-sharing company's stock valued at $26,000 after buying an additional 218 shares in the last quarter. Runnymede Capital Advisors Inc. bought a new position in Uber Technologies in the fourth quarter valued at $28,000. GHP Investment Advisors Inc. raised 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 purchasing an additional 223 shares in the last quarter. Retirement Wealth Solutions LLC bought a new stake in Uber Technologies during the fourth quarter worth about $35,000. Finally, Kieckhefer Group LLC purchased a new position in shares of Uber Technologies in the 4th quarter worth about $33,000. Hedge funds and other institutional investors own 80.24% of the company's stock.

Uber Technologies Stock Down 2.9 %

Shares of UBER traded down $2.15 during trading hours on Friday, hitting $72.71. The company had a trading volume of 11,255,568 shares, compared to its average volume of 20,097,389. Uber Technologies, Inc. has a 52-week low of $54.84 and a 52-week high of $87.00. The firm has a fifty day moving average price of $73.44 and a 200-day moving average price of $71.75. The stock has a market capitalization of $152.09 billion, a price-to-earnings ratio of 15.94, a P/E/G ratio of 0.89 and a beta of 1.39. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.41 and a current ratio of 1.07.

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Uber Technologies (NYSE:UBER - Get Free Report) last issued its 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 net margin of 22.41% and a return on equity of 62.60%. On average, equities research analysts forecast that Uber Technologies, Inc. will post 2.54 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on UBER. Citigroup dropped their target price on Uber Technologies from $98.00 to $92.00 and set a "buy" rating for the company in a research report on Thursday, February 6th. Royal Bank of Canada restated an "outperform" rating and issued a $82.00 price objective on shares of Uber Technologies in a report on Thursday, February 6th. Wells Fargo & Company reduced their target price on shares of Uber Technologies from $90.00 to $87.00 and set an "overweight" rating on the stock in a report on Thursday, February 6th. UBS Group reissued a "buy" rating on shares of Uber Technologies in a research note on Friday, February 21st. Finally, Wolfe Research increased their price objective on Uber Technologies from $90.00 to $92.00 and gave the company an "outperform" rating in a research note on Friday, January 3rd. Ten investment 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 stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $90.31.

Insider Activity at Uber Technologies

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

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.