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Harbour Investments Inc. Buys 3,037 Shares of Uber Technologies, Inc. (NYSE:UBER)

Uber Technologies logo with Computer and Technology background

Key Points

  • Harbour Investments Inc. increased its stake in Uber Technologies by 22.4% during the first quarter, bringing its total to 16,612 shares valued at approximately $1.21 million.
  • Analysts maintain a consensus rating of "Moderate Buy" for Uber Technologies, with a price target ranging from $82.00 to $115.00.
  • Uber's stock recently reported earnings of $0.83 per share, exceeding expectations and reflecting a year-over-year revenue growth of 13.8%.
  • Five stocks we like better than Uber Technologies.

Harbour Investments Inc. increased its holdings in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 22.4% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,612 shares of the ride-sharing company's stock after purchasing an additional 3,037 shares during the period. Harbour Investments Inc.'s holdings in Uber Technologies were worth $1,210,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Navalign LLC increased its position in Uber Technologies by 0.5% in the 4th quarter. Navalign LLC now owns 25,468 shares of the ride-sharing company's stock worth $1,536,000 after buying an additional 126 shares during the period. Grove Bank & Trust grew its stake in shares of Uber Technologies by 0.9% in the first quarter. Grove Bank & Trust now owns 14,139 shares of the ride-sharing company's stock worth $1,030,000 after acquiring an additional 133 shares during the last quarter. Forum Financial Management LP increased its position in Uber Technologies by 1.3% during the first quarter. Forum Financial Management LP now owns 10,956 shares of the ride-sharing company's stock worth $798,000 after acquiring an additional 136 shares during the period. CBIZ Investment Advisory Services LLC boosted its holdings in Uber Technologies by 42.1% in the 1st quarter. CBIZ Investment Advisory Services LLC now owns 466 shares of the ride-sharing company's stock valued at $34,000 after purchasing an additional 138 shares during the period. Finally, Amplius Wealth Advisors LLC grew its position in Uber Technologies by 3.6% in the 1st quarter. Amplius Wealth Advisors LLC now owns 4,140 shares of the ride-sharing company's stock worth $302,000 after purchasing an additional 145 shares during the last quarter. 80.24% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on UBER shares. Wells Fargo & Company lifted their target price on shares of Uber Technologies from $100.00 to $120.00 and gave the company an "overweight" rating in a research report on Monday, July 7th. Wall Street Zen raised Uber Technologies from a "hold" rating to a "buy" rating in a report on Friday, July 18th. TD Cowen dropped their target price on Uber Technologies from $90.00 to $88.00 and set a "buy" rating for the company in a report on Tuesday, April 8th. JPMorgan Chase & Co. boosted their price target on Uber Technologies from $105.00 to $110.00 and gave the company an "overweight" rating in a research note on Friday, July 11th. Finally, Barclays increased their price objective on Uber Technologies from $86.00 to $97.00 and gave the stock an "overweight" rating in a research note on Thursday, May 8th. Ten research analysts have rated the stock with a hold rating and twenty-nine have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $100.71.

View Our Latest Stock Analysis on UBER

Insider Activity at Uber Technologies

In other Uber Technologies news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of Uber Technologies stock in a transaction dated Monday, July 7th. The stock was sold at an average price of $95.00, for a total transaction of $261,250.00. Following the completion of the transaction, the chief financial officer owned 21,975 shares in the company, valued at approximately $2,087,625. The trade was a 11.12% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Jill Hazelbaker sold 34,884 shares of the stock in a transaction on Monday, May 12th. The shares were sold at an average price of $86.03, for a total value of $3,001,070.52. Following the completion of the sale, the insider directly owned 102,135 shares of the company's stock, valued at $8,786,674.05. The trade was a 25.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 3.70% of the company's stock.

Uber Technologies Price Performance

Shares of UBER traded up $1.65 during mid-day trading on Monday, reaching $88.56. The company had a trading volume of 15,068,075 shares, compared to its average volume of 17,033,008. The company has a market capitalization of $185.20 billion, a price-to-earnings ratio of 15.22, a P/E/G ratio of 1.00 and a beta of 1.43. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.02 and a current ratio of 1.02. The company's 50 day simple moving average is $89.12 and its 200 day simple moving average is $80.47. Uber Technologies, Inc. has a 1-year low of $54.84 and a 1-year high of $97.71.

Uber Technologies (NYSE:UBER - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The ride-sharing company reported $0.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $0.33. The firm had revenue of $11.53 billion during the quarter, compared to the consensus estimate of $11.61 billion. Uber Technologies had a net margin of 27.07% and a return on equity of 66.46%. The company's revenue for the quarter was up 13.8% on a year-over-year basis. During the same quarter last year, the firm earned ($0.32) earnings per share. Analysts expect that Uber Technologies, Inc. will post 2.54 EPS for the current year.

About Uber Technologies

(Free Report)

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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Institutional Ownership by Quarter for Uber Technologies (NYSE:UBER)

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