Harbour Capital Advisors LLC Grows Holdings in Uber Technologies, Inc. $UBER

Key Points

• Harbour Capital Advisors LLC increased its stake in Uber Technologies by 12.3%, owning a total of 45,665 shares worth about $4.2 million, making it their 29th largest position.
• Insider transactions reveal that executives sold over 354,000 shares of Uber stock in the last quarter, with notable sales by Tony West and Jill Hazelbaker.
• Several analysts have raised their price targets for Uber, with estimates now ranging from $105 to $117, indicating a general consensus of a Moderate Buy rating.

Harbour Capital Advisors LLC lifted its stake in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 12.3% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 45,665 shares of the ride-sharing company's stock after purchasing an additional 4,990 shares during the quarter. Uber Technologies comprises about 0.9% of Harbour Capital Advisors LLC's investment portfolio, making the stock its 29th largest position. Harbour Capital Advisors LLC's holdings in Uber Technologies were worth $4,203,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. Brighton Jones LLC grew its position in Uber Technologies by 3.4% in the fourth quarter. Brighton Jones LLC now owns 74,460 shares of the ride-sharing company's stock valued at $4,491,000 after acquiring an additional 2,474 shares in the last quarter. Revolve Wealth Partners LLC boosted its holdings in shares of Uber Technologies by 65.0% during the fourth quarter. Revolve Wealth Partners LLC now owns 15,563 shares of the ride-sharing company's stock valued at $939,000 after acquiring an additional 6,129 shares during the period. Bank Pictet & Cie Europe AG acquired a new stake in Uber Technologies in the fourth quarter worth about $395,000. Bison Wealth LLC lifted its holdings in Uber Technologies by 20.3% in the fourth quarter. Bison Wealth LLC now owns 3,792 shares of the ride-sharing company's stock worth $229,000 after purchasing an additional 641 shares during the period. Finally, Woodline Partners LP bought a new stake in Uber Technologies in the fourth quarter worth about $865,000. Hedge funds and other institutional investors own 80.24% of the company's stock.

Insider Transactions at Uber Technologies

In related news, insider Tony West sold 3,125 shares of the stock in a transaction that occurred on Thursday, September 18th. The stock was sold at an average price of $93.94, for a total transaction of $293,562.50. Following the completion of the sale, the insider directly owned 171,558 shares of the company's stock, valued at approximately $16,116,158.52. This trade represents a 1.79% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Jill Hazelbaker sold 31,250 shares of the stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $96.42, for a total value of $3,013,125.00. Following the transaction, the insider directly owned 86,531 shares of the company's stock, valued at approximately $8,343,319.02. This trade represents a 26.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 354,571 shares of company stock valued at $33,810,741. Corporate insiders own 3.84% of the company's stock.

Analyst Ratings Changes

UBER has been the topic of several recent analyst reports. JPMorgan Chase & Co. boosted their price objective on Uber Technologies from $105.00 to $110.00 and gave the stock an "overweight" rating in a report on Friday, July 11th. Bank of America upped their target price on Uber Technologies from $97.00 to $115.00 and gave the stock a "buy" rating in a research report on Tuesday, July 8th. Sanford C. Bernstein upped their target price on Uber Technologies from $95.00 to $110.00 and gave the stock an "outperform" rating in a research report on Monday, July 21st. Stifel Nicolaus upped their price target on Uber Technologies from $110.00 to $117.00 and gave the stock a "buy" rating in a report on Tuesday, July 29th. Finally, BMO Capital Markets upped their target price on Uber Technologies from $101.00 to $113.00 and gave the company an "outperform" rating in a research note on Thursday, August 7th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and ten have given a Hold rating to the company. According to data from MarketBeat, Uber Technologies currently has a consensus rating of "Moderate Buy" and an average target price of $103.06.

Uber Technologies Trading Up 4.2%

NYSE UBER opened at $98.68 on Friday. The business's 50-day moving average price is $92.63 and its two-hundred day moving average price is $85.32. Uber Technologies, Inc. has a 12 month low of $59.33 and a 12 month high of $99.70. The firm has a market capitalization of $205.79 billion, a PE ratio of 16.81, a price-to-earnings-growth ratio of 1.09 and a beta of 1.43. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.41.

Uber Technologies (NYSE:UBER - Get Free Report) last announced its earnings results on Wednesday, August 6th. The ride-sharing company reported $0.63 EPS for the quarter, beating the consensus estimate of $0.61 by $0.02. Uber Technologies had a return on equity of 59.96% and a net margin of 26.68%.The company had revenue of $12.65 billion for the quarter, compared to analyst estimates of $12.45 billion. During the same quarter in the prior year, the company earned $0.47 EPS. The firm's revenue for the quarter was up 18.2% compared to the same quarter last year. On average, analysts expect that Uber Technologies, Inc. will post 2.54 EPS for the current 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.

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