Nuveen Asset Management LLC Sells 1,147,159 Shares of Uber Technologies, Inc. (NYSE:UBER)

Nuveen Asset Management LLC decreased its holdings in shares of Uber Technologies, Inc. (NYSE:UBER) by 7.0% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 15,141,405 shares of the ride-sharing company’s stock after selling 1,147,159 shares during the quarter. Nuveen Asset Management LLC owned 0.72% of Uber Technologies worth $913,330,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of UBER. Welch & Forbes LLC boosted its stake in shares of Uber Technologies by 3.9% during the fourth quarter. Welch & Forbes LLC now owns 3,936 shares of the ride-sharing company’s stock valued at $237,000 after purchasing an additional 148 shares during the period. Carlton Hofferkamp & Jenks Wealth Management LLC grew its stake in Uber Technologies by 3.5% in the 4th quarter. Carlton Hofferkamp & Jenks Wealth Management LLC now owns 4,381 shares of the ride-sharing company’s stock worth $282,000 after acquiring an additional 150 shares in the last quarter. Drive Wealth Management LLC increased its position in shares of Uber Technologies by 3.1% during the fourth quarter. Drive Wealth Management LLC now owns 5,172 shares of the ride-sharing company’s stock worth $312,000 after acquiring an additional 155 shares during the period. Institute for Wealth Management LLC. increased its position in shares of Uber Technologies by 2.4% during the fourth quarter. Institute for Wealth Management LLC. now owns 6,606 shares of the ride-sharing company’s stock worth $398,000 after acquiring an additional 155 shares during the period. Finally, Fairfield Financial Advisors LTD raised its stake in shares of Uber Technologies by 34.0% during the fourth quarter. Fairfield Financial Advisors LTD now owns 670 shares of the ride-sharing company’s stock valued at $40,000 after acquiring an additional 170 shares in the last quarter. 80.24% of the stock is owned by institutional investors.

Analyst Ratings Changes

UBER has been the topic of several research reports. Piper Sandler restated an “overweight” rating and set a $87.00 price objective (up from $80.00) on shares of Uber Technologies in a report on Tuesday, February 18th. TD Cowen dropped their price target on Uber Technologies from $90.00 to $88.00 and set a “buy” rating on the stock in a research report on Tuesday, April 8th. Wells Fargo & Company raised their price target on Uber Technologies from $90.00 to $100.00 and gave the company an “overweight” rating in a research note on Thursday, May 8th. UBS Group lifted their price objective on Uber Technologies from $103.00 to $107.00 and gave the company a “buy” rating in a report on Thursday, May 8th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $90.00 target price on shares of Uber Technologies in a report on Wednesday, May 7th. Eleven investment analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $92.69.

Insider Activity

In other Uber Technologies news, insider Jill Hazelbaker sold 31,000 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the insider now directly owns 86,973 shares of the company’s stock, valued at approximately $7,046,552.46. This trade represents a 26.28% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of Uber Technologies stock in a transaction that occurred on Thursday, March 20th. The shares were sold at an average price of $75.00, for a total transaction of $206,250.00. Following the sale, the chief financial officer now owns 22,162 shares of the company’s stock, valued at approximately $1,662,150. The trade was a 11.04% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 79,904 shares of company stock valued at $6,027,619 over the last ninety days. 3.84% of the stock is currently owned by insiders.

Uber Technologies Price Performance

Shares of UBER stock opened at $91.69 on Wednesday. Uber Technologies, Inc. has a fifty-two week low of $54.84 and a fifty-two week high of $92.17. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.41 and a current ratio of 1.07. The firm has a market capitalization of $191.74 billion, a price-to-earnings ratio of 20.11, a PEG ratio of 0.89 and a beta of 1.43. The stock’s 50-day simple moving average is $75.29 and its 200-day simple moving average is $71.69.

Uber Technologies (NYSE:UBER) last released its earnings results on Wednesday, May 7th. The ride-sharing company reported $0.83 EPS for the quarter, topping analysts’ consensus estimates of $0.50 by $0.33. Uber Technologies had a net margin of 22.41% and a return on equity of 62.60%. The company had revenue of $11.53 billion during the quarter, compared to analysts’ expectations of $11.61 billion. During the same period last year, the business earned ($0.32) EPS. Uber Technologies’s revenue for the quarter was up 13.8% on a year-over-year basis. As a group, equities analysts forecast that Uber Technologies, Inc. will post 2.54 earnings per share for the current fiscal 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.