Harbour Capital Advisors LLC Buys 8,195 Shares of Uber Technologies, Inc. (NYSE:UBER)

Harbour Capital Advisors LLC lifted its stake in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 25.2% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 40,675 shares of the ride-sharing company's stock after purchasing an additional 8,195 shares during the period. Harbour Capital Advisors LLC's holdings in Uber Technologies were worth $2,841,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the stock. Bluesphere Advisors LLC raised its position in Uber Technologies by 7.3% during the first quarter. Bluesphere Advisors LLC now owns 4,514 shares of the ride-sharing company's stock worth $329,000 after acquiring an additional 307 shares in the last quarter. Retirement Guys Formula LLC bought a new stake in shares of Uber Technologies in the 1st quarter valued at about $1,619,000. Sheets Smith Wealth Management lifted its stake in Uber Technologies by 20.5% in the 1st quarter. Sheets Smith Wealth Management now owns 74,041 shares of the ride-sharing company's stock valued at $5,395,000 after purchasing an additional 12,616 shares during the last quarter. Sava Infond d.o.o. grew its holdings in Uber Technologies by 35.0% during the first quarter. Sava Infond d.o.o. now owns 33,860 shares of the ride-sharing company's stock worth $2,467,000 after purchasing an additional 8,770 shares during the period. Finally, WoodTrust Financial Corp increased its position in Uber Technologies by 8.7% during the first quarter. WoodTrust Financial Corp now owns 24,500 shares of the ride-sharing company's stock worth $1,785,000 after buying an additional 1,968 shares during the last quarter. Institutional investors and hedge funds own 80.24% of the company's stock.

Uber Technologies Stock Performance

Shares of UBER stock opened at $85.24 on Tuesday. The company has a market cap of $178.25 billion, a price-to-earnings ratio of 14.93, a price-to-earnings-growth ratio of 1.07 and a beta of 1.38. Uber Technologies, Inc. has a 52 week low of $54.84 and a 52 week high of $93.60. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.37. The firm has a 50 day moving average of $83.77 and a 200-day moving average of $74.60.

Uber Technologies (NYSE:UBER - Get Free Report) last issued its earnings results on Wednesday, May 7th. The ride-sharing company reported $0.83 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.50 by $0.33. Uber Technologies had a return on equity of 66.46% and a net margin of 27.07%. The company had revenue of $11.53 billion for 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 quarterly revenue was up 13.8% compared to the same quarter last year. On average, equities analysts forecast that Uber Technologies, Inc. will post 2.54 earnings per share for the current year.

Insider Buying and Selling

In other Uber Technologies news, insider Jill Hazelbaker sold 34,884 shares of the firm's stock in a transaction on Monday, May 12th. The stock was sold at an average price of $86.03, for a total transaction of $3,001,070.52. Following the transaction, the insider now directly owns 102,135 shares in the company, valued at approximately $8,786,674.05. This trade represents a 25.46% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the firm's stock in a transaction on Monday, May 5th. The shares were sold at an average price of $85.00, for a total value of $233,750.00. Following the transaction, the chief financial officer now owns 21,063 shares in the company, valued at approximately $1,790,355. This trade represents a 11.55% decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.84% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on UBER shares. Bank of America lifted their target price on Uber Technologies from $96.00 to $97.00 and gave the stock a "buy" rating in a research note on Thursday, May 8th. Cantor Fitzgerald reiterated an "overweight" rating and issued a $80.00 price objective on shares of Uber Technologies in a report on Wednesday, April 16th. Wedbush downgraded shares of Uber Technologies from an "outperform" rating to a "neutral" rating and upped their price objective for the company from $80.00 to $85.00 in a report on Thursday, May 8th. Needham & Company LLC reiterated a "buy" rating and issued a $90.00 price objective on shares of Uber Technologies in a report on Wednesday, May 7th. Finally, Barclays upped their price objective on shares of Uber Technologies from $86.00 to $97.00 and gave the company an "overweight" rating in a report on Thursday, May 8th. Eleven analysts have rated the stock with a hold rating and twenty-seven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $94.39.

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.

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