Nicollet Investment Management Inc. Has $3.89 Million Stock Holdings in Uber Technologies, Inc. (NYSE:UBER)

Nicollet Investment Management Inc. lowered its stake in shares of Uber Technologies, Inc. (NYSE:UBER) by 11.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 64,530 shares of the ride-sharing company’s stock after selling 8,698 shares during the period. Uber Technologies makes up 1.3% of Nicollet Investment Management Inc.’s investment portfolio, making the stock its 26th biggest holding. Nicollet Investment Management Inc.’s holdings in Uber Technologies were worth $3,892,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Teachers Retirement System of The State of Kentucky raised its stake in shares of Uber Technologies by 4.4% in the third quarter. Teachers Retirement System of The State of Kentucky now owns 321,726 shares of the ride-sharing company’s stock worth $24,180,000 after purchasing an additional 13,433 shares during the last quarter. Polianta Ltd bought a new position in Uber Technologies during the 4th quarter valued at $1,206,000. Allworth Financial LP lifted its stake in Uber Technologies by 8.9% during the 4th quarter. Allworth Financial LP now owns 20,381 shares of the ride-sharing company’s stock valued at $1,229,000 after acquiring an additional 1,663 shares in the last quarter. Brophy Wealth Management LLC bought a new stake in shares of Uber Technologies in the 3rd quarter worth $1,041,000. Finally, Lecap Asset Management Ltd. purchased a new stake in shares of Uber Technologies in the fourth quarter valued at about $3,188,000. Institutional investors own 80.24% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on UBER shares. The Goldman Sachs Group restated a “buy” rating and set a $96.00 price target on shares of Uber Technologies in a report on Thursday, January 2nd. DA Davidson decreased their price target on Uber Technologies from $84.00 to $80.00 and set a “buy” rating for the company in a research report on Thursday, February 6th. Arete Research raised Uber Technologies to a “hold” rating in a research report on Tuesday, February 18th. Truist Financial raised their target price on Uber Technologies from $90.00 to $92.00 and gave the company a “buy” rating in a research report on Thursday, March 6th. Finally, Wells Fargo & Company cut their price target 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. Ten analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $90.31.

Insider Buying and Selling at Uber Technologies

In related news, insider Tony West sold 23,404 shares of the company’s stock in a transaction on Thursday, March 13th. The shares were sold at an average price of $70.27, for a total transaction of $1,644,599.08. Following the completion of the sale, the insider now directly owns 114,241 shares in the company, valued at $8,027,715.07. This represents a 17.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Jill Hazelbaker sold 31,000 shares of the firm’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $81.02, for a total transaction of $2,511,620.00. Following the completion of the sale, the insider now directly owns 86,973 shares in the company, valued at approximately $7,046,552.46. This trade represents a 26.28 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 77,154 shares of company stock worth $5,793,869 over the last three months. Company insiders own 3.84% of the company’s stock.

Uber Technologies Price Performance

UBER opened at $72.92 on Tuesday. 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 stock has a market capitalization of $152.53 billion, a P/E ratio of 15.99, a PEG ratio of 0.89 and a beta of 1.39. The stock has a 50-day moving average price of $73.55 and a 200-day moving average price of $71.80. Uber Technologies, Inc. has a 12-month low of $54.84 and a 12-month high of $87.00.

Uber Technologies (NYSE:UBER) 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 return on equity of 62.60% and a net margin of 22.41%. Equities analysts predict that Uber Technologies, Inc. will post 2.54 earnings per share for the current fiscal year.

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.