Nicollet Investment Management Inc. Takes Position in Uber Technologies, Inc. (NYSE:UBER)

Nicollet Investment Management Inc. purchased a new stake in Uber Technologies, Inc. (NYSE:UBER) in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 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 portfolio, making the stock its 19th biggest position.

Several other large investors also recently made changes to their positions in the business. Price T Rowe Associates Inc. MD increased its position in shares of Uber Technologies by 37.8% in the first quarter. Price T Rowe Associates Inc. MD now owns 36,425,981 shares of the ride-sharing company’s stock worth $2,804,437,000 after acquiring an additional 9,996,508 shares in the last quarter. GQG Partners LLC lifted its holdings in shares of Uber Technologies by 74.1% in the first quarter. GQG Partners LLC now owns 22,423,451 shares of the ride-sharing company’s stock valued at $1,726,381,000 after purchasing an additional 9,541,366 shares in the last quarter. Ameriprise Financial Inc. grew its holdings in shares of Uber Technologies by 36.5% during the second quarter. Ameriprise Financial Inc. now owns 11,893,429 shares of the ride-sharing company’s stock valued at $864,390,000 after buying an additional 3,179,308 shares in the last quarter. Capital Research Global Investors lifted its stake in Uber Technologies by 8.2% in the 1st quarter. Capital Research Global Investors now owns 39,947,547 shares of the ride-sharing company’s stock worth $3,075,562,000 after acquiring an additional 3,019,431 shares in the last quarter. Finally, AMF Tjanstepension AB acquired a new position in shares of Uber Technologies in the 3rd quarter valued at about $163,468,000. Institutional investors own 80.24% of the company’s stock.

Insider Activity at Uber Technologies

In related news, insider Jill Hazelbaker sold 40,000 shares of Uber Technologies stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $72.00, for a total value of $2,880,000.00. Following the completion of the sale, the insider now directly owns 127,352 shares in the company, valued at $9,169,344. This trade represents a 23.90 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.84% of the stock is currently owned by company insiders.

Uber Technologies Trading Up 2.5 %

Shares of UBER opened at $73.26 on Friday. Uber Technologies, Inc. has a 52-week low of $53.15 and a 52-week high of $87.00. The company has a market cap of $154.26 billion, a price-to-earnings ratio of 36.45, a PEG ratio of 0.71 and a beta of 1.34. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.41 and a current ratio of 1.41. The stock has a fifty day moving average price of $75.40 and a two-hundred day moving average price of $71.01.

Uber Technologies (NYSE:UBER) last issued its quarterly earnings data on Thursday, October 31st. The ride-sharing company reported $1.20 EPS for the quarter, topping analysts’ consensus estimates of $0.41 by $0.79. Uber Technologies had a net margin of 10.49% and a return on equity of 33.46%. The firm had revenue of $11.19 billion for the quarter, compared to analyst estimates of $10.99 billion. During the same quarter in the prior year, the firm earned $0.10 EPS. The company’s revenue was up 20.4% on a year-over-year basis. Analysts predict that Uber Technologies, Inc. will post 1.83 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms recently commented on UBER. Raymond James initiated coverage on Uber Technologies in a report on Tuesday, September 24th. They issued a “strong-buy” rating and a $90.00 price objective on the stock. Jefferies Financial Group raised their price target on shares of Uber Technologies from $100.00 to $105.00 and gave the company a “buy” rating in a report on Tuesday, October 22nd. Oppenheimer upped their price objective on shares of Uber Technologies from $90.00 to $95.00 and gave the stock an “outperform” rating in a report on Friday, September 27th. Evercore ISI increased their target price on shares of Uber Technologies from $90.00 to $120.00 and gave the stock an “outperform” rating in a research report on Thursday, October 31st. Finally, The Goldman Sachs Group boosted their price target on Uber Technologies from $85.00 to $90.00 and gave the stock a “buy” rating in a research report on Wednesday, August 7th. Six investment 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. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $90.32.

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.