Harbor Investment Advisory LLC Raises Stock Position in Uber Technologies, Inc. (NYSE:UBER)

Harbor Investment Advisory LLC raised its stake in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 147.8% in the first quarter, according to its most recent 13F filing with the SEC. The fund owned 36,962 shares of the ride-sharing company's stock after purchasing an additional 22,047 shares during the period. Harbor Investment Advisory LLC's holdings in Uber Technologies were worth $2,693,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Capital Research Global Investors boosted its stake in shares of Uber Technologies by 79.0% in the 4th quarter. Capital Research Global Investors now owns 118,131,681 shares of the ride-sharing company's stock worth $7,125,728,000 after buying an additional 52,125,476 shares during the last quarter. Norges Bank purchased a new position in shares of Uber Technologies in the 4th quarter worth approximately $1,467,754,000. Jennison Associates LLC boosted its stake in shares of Uber Technologies by 36.9% in the 4th quarter. Jennison Associates LLC now owns 26,460,312 shares of the ride-sharing company's stock worth $1,596,086,000 after buying an additional 7,137,512 shares during the last quarter. Boston Partners purchased a new position in shares of Uber Technologies in the 4th quarter worth approximately $381,057,000. Finally, Toyota Motor Corp purchased a new position in shares of Uber Technologies in the 4th quarter worth approximately $309,192,000. Institutional investors and hedge funds own 80.24% of the company's stock.

Insider Buying and Selling at Uber Technologies

In other news, insider Tony West sold 23,404 shares of the stock in a transaction that occurred 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 sale, the insider now owns 114,241 shares in the company, valued at $8,027,715.07. This represents a 17.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Jill Hazelbaker sold 34,884 shares of the stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $86.03, for a total transaction of $3,001,070.52. Following the sale, the insider now owns 102,135 shares in the company, valued at approximately $8,786,674.05. The trade was a 25.46% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 83,788 shares of company stock valued at $6,517,070. Corporate insiders own 3.84% of the company's stock.

Uber Technologies Stock Down 1.3%

Shares of NYSE:UBER traded down $1.05 during trading on Tuesday, hitting $82.59. The stock had a trading volume of 25,658,648 shares, compared to its average volume of 20,619,295. Uber Technologies, Inc. has a 12 month low of $54.84 and a 12 month high of $93.60. The firm's fifty day moving average is $79.53 and its 200 day moving average is $73.11. The company has a market capitalization of $172.72 billion, a PE ratio of 18.11, a PEG ratio of 0.89 and a beta of 1.43. The company has a quick ratio of 1.41, a current ratio of 1.07 and a debt-to-equity ratio of 0.37.

Uber Technologies (NYSE:UBER - Get Free Report) last announced its earnings results on Wednesday, May 7th. The ride-sharing company reported $0.83 earnings per share for the quarter, beating 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 business had revenue of $11.53 billion during the quarter, compared to the consensus estimate of $11.61 billion. During the same quarter last year, the firm earned ($0.32) earnings per share. The business's revenue for the quarter was up 13.8% on a year-over-year basis. Analysts anticipate that Uber Technologies, Inc. will post 2.54 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

UBER has been the topic of a number of research analyst reports. JPMorgan Chase & Co. boosted their target price on Uber Technologies from $92.00 to $105.00 and gave the stock an "overweight" rating in a research note on Tuesday, May 20th. Fox Advisors cut shares of Uber Technologies from an "overweight" rating to an "equal weight" rating in a report on Tuesday, March 11th. Citigroup boosted their target price on shares of Uber Technologies from $92.00 to $102.00 and gave the company a "buy" rating in a report on Thursday, May 8th. Raymond James upped their price target on shares of Uber Technologies from $95.00 to $100.00 and gave the stock a "strong-buy" rating in a report on Thursday, May 8th. Finally, Piper Sandler reiterated an "overweight" rating and issued a $87.00 target price (up from $80.00) on shares of Uber Technologies in a research report on Tuesday, February 18th. Eleven equities research analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, Uber Technologies has an average rating of "Moderate Buy" and a consensus target price of $93.91.

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.