Uber Technologies, Inc. (NYSE:UBER) Position Increased by Nomura Asset Management Co. Ltd.

Nomura Asset Management Co. Ltd. raised its position in Uber Technologies, Inc. (NYSE:UBER) by 11.2% during the fourth quarter, according to its most recent Form 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 quarter. 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 hedge funds and other institutional investors also recently made changes to their positions in the company. New Age Alpha Advisors LLC boosted its holdings in Uber Technologies by 1,066.0% in the fourth quarter. New Age Alpha Advisors LLC now owns 111,932 shares of the ride-sharing company’s stock worth $6,752,000 after purchasing an additional 102,332 shares in the last quarter. Weik Capital Management bought a new position in shares of Uber Technologies in the 4th quarter valued at approximately $645,000. Norges Bank acquired a new stake in Uber Technologies in the 4th quarter worth approximately $1,467,754,000. Caisse Des Depots ET Consignations bought a new stake in Uber Technologies during the fourth quarter worth approximately $4,664,000. Finally, AssuredPartners Investment Advisors LLC acquired a new position in Uber Technologies during the fourth quarter valued at approximately $297,000. 80.24% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on UBER. Truist Financial upped their price objective on shares of Uber Technologies from $90.00 to $92.00 and gave the stock a “buy” rating in a report on Thursday, March 6th. Needham & Company LLC reaffirmed a “buy” rating and issued a $90.00 price target on shares of Uber Technologies in a research report on Wednesday, February 5th. Citizens Jmp cut Uber Technologies from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 2nd. UBS Group reaffirmed a “buy” rating on shares of Uber Technologies in a report on Friday, February 21st. Finally, Arete Research upgraded Uber Technologies to a “hold” rating in a report on Tuesday, February 18th. Ten investment analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Uber Technologies presently has an average rating of “Moderate Buy” and an average price target of $90.31.

Insider Buying and Selling

In related news, SVP Nikki Krishnamurthy sold 20,000 shares of Uber Technologies stock in a transaction dated Friday, March 14th. The stock was 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. This trade represents a 5.24 % 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. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the company’s stock in a transaction dated Thursday, March 20th. The shares were sold at an average price of $75.00, for a total transaction of $206,250.00. Following the transaction, the chief financial officer now owns 22,162 shares in the company, 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 sold 77,154 shares of company stock worth $5,793,869 in the last quarter. Insiders own 3.84% of the company’s stock.

Uber Technologies Stock Performance

Uber Technologies stock opened at $74.90 on Friday. Uber Technologies, Inc. has a 12-month low of $54.84 and a 12-month high of $87.00. The stock has a 50-day simple moving average of $73.33 and a 200 day simple moving average of $71.71. The company has a quick ratio of 1.41, a current ratio of 1.07 and a debt-to-equity ratio of 0.37. The stock has a market capitalization of $156.46 billion, a price-to-earnings ratio of 16.43, a P/E/G ratio of 0.89 and a beta of 1.39.

Uber Technologies (NYSE:UBER) last announced its earnings results on Wednesday, February 5th. The ride-sharing company reported $3.21 earnings per share for the quarter, topping analysts’ consensus estimates 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, research analysts anticipate 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.