Nomura Asset Management Co. Ltd. Sells 30,416 Shares of Uber Technologies, Inc. (NYSE:UBER)

Nomura Asset Management Co. Ltd. trimmed its holdings in shares of Uber Technologies, Inc. (NYSE:UBER) by 4.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 613,991 shares of the ride-sharing company’s stock after selling 30,416 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in Uber Technologies were worth $37,803,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. CVA Family Office LLC bought a new stake in shares of Uber Technologies in the 4th quarter valued at about $30,000. Highlander Capital Management LLC boosted its holdings in shares of Uber Technologies by 100.0% in the 4th quarter. Highlander Capital Management LLC now owns 500 shares of the ride-sharing company’s stock valued at $31,000 after buying an additional 250 shares in the last quarter. Bfsg LLC bought a new stake in shares of Uber Technologies in the 4th quarter valued at about $31,000. Blue Bell Private Wealth Management LLC boosted its holdings in shares of Uber Technologies by 49.7% in the 4th quarter. Blue Bell Private Wealth Management LLC now owns 524 shares of the ride-sharing company’s stock valued at $32,000 after buying an additional 174 shares in the last quarter. Finally, GW&K Investment Management LLC bought a new stake in shares of Uber Technologies in the 4th quarter valued at about $33,000. 80.24% of the stock is currently owned by institutional investors.

Uber Technologies Trading Up 1.0 %

Shares of UBER stock traded up $0.66 on Friday, hitting $64.26. 10,385,892 shares of the stock traded hands, compared to its average volume of 23,057,772. The firm’s 50-day moving average price is $71.62 and its two-hundred day moving average price is $67.60. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.21 and a current ratio of 1.21. The stock has a market capitalization of $134.27 billion, a PE ratio of 103.65, a PEG ratio of 1.34 and a beta of 1.39. Uber Technologies, Inc. has a twelve month low of $37.07 and a twelve month high of $82.14.

Uber Technologies (NYSE:UBER) last announced its quarterly earnings results on Wednesday, May 8th. The ride-sharing company reported ($0.32) earnings per share for the quarter, missing the consensus estimate of $0.21 by ($0.53). The firm had revenue of $10.13 billion for the quarter, compared to analyst estimates of $10.09 billion. Uber Technologies had a net margin of 3.60% and a return on equity of 12.81%. The company’s revenue was up 14.8% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.08) EPS. As a group, analysts anticipate that Uber Technologies, Inc. will post 0.88 EPS for the current year.

Insider Activity at Uber Technologies

In related news, insider Tony West sold 18,750 shares of the business’s stock in a transaction dated Monday, May 13th. The shares were sold at an average price of $65.63, for a total value of $1,230,562.50. Following the sale, the insider now directly owns 206,338 shares in the company, valued at approximately $13,541,962.94. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Uber Technologies news, insider Tony West sold 18,750 shares of the business’s stock in a transaction dated Monday, May 13th. The shares were sold at an average price of $65.63, for a total transaction of $1,230,562.50. Following the sale, the insider now directly owns 206,338 shares in the company, valued at $13,541,962.94. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Dara Khosrowshahi sold 500,000 shares of the business’s stock in a transaction dated Friday, May 17th. The stock was sold at an average price of $65.93, for a total transaction of $32,965,000.00. Following the sale, the chief executive officer now owns 1,656,996 shares in the company, valued at $109,245,746.28. The disclosure for this sale can be found here. 3.84% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of research firms recently commented on UBER. Tigress Financial lifted their target price on shares of Uber Technologies from $72.00 to $96.00 and gave the stock a “buy” rating in a research note on Friday, April 19th. Truist Financial lifted their target price on shares of Uber Technologies from $90.00 to $94.00 and gave the stock a “buy” rating in a research note on Wednesday, March 27th. Royal Bank of Canada lowered their target price on shares of Uber Technologies from $85.00 to $80.00 and set an “outperform” rating for the company in a research note on Thursday, May 9th. Wedbush reiterated an “outperform” rating and issued a $85.00 target price on shares of Uber Technologies in a research note on Wednesday, May 8th. Finally, Bank of America lowered their target price on shares of Uber Technologies from $91.00 to $87.00 and set a “buy” rating for the company in a research note on Thursday, May 9th. Two equities research analysts have rated the stock with a hold rating and thirty have assigned a buy rating to the stock. According to MarketBeat, Uber Technologies currently has an average rating of “Moderate Buy” and a consensus target price of $84.38.

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.