Harbour Investments Inc. Increases Stake in Uber Technologies, Inc. $UBER

Key Points

• Harbour Investments Inc. has increased its stake in Uber Technologies, Inc. by 79.2%, holding now 29,776 shares valued at approximately $2.78 million.
• Uber reported an earnings per share of $0.63, beating analyst expectations, with revenues increasing by 18.2% year-over-year to $12.65 billion.
• Three equities research analysts rated Uber as a Strong Buy, with a consensus target price of $105.68 per share.

Harbour Investments Inc. increased its holdings in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 79.2% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 29,776 shares of the ride-sharing company's stock after buying an additional 13,164 shares during the period. Harbour Investments Inc.'s holdings in Uber Technologies were worth $2,778,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Vision Financial Markets LLC purchased a new stake in Uber Technologies during the 1st quarter worth approximately $27,000. West Oak Capital LLC purchased a new stake in shares of Uber Technologies in the 2nd quarter valued at approximately $28,000. Truvestments Capital LLC increased its position in shares of Uber Technologies by 498.5% in the 1st quarter. Truvestments Capital LLC now owns 407 shares of the ride-sharing company's stock valued at $30,000 after purchasing an additional 339 shares during the last quarter. Trust Co. of Toledo NA OH purchased a new stake in shares of Uber Technologies in the 2nd quarter valued at approximately $30,000. Finally, Ransom Advisory Ltd purchased a new stake in shares of Uber Technologies in the 1st quarter valued at approximately $31,000. 80.24% of the stock is owned by hedge funds and other institutional investors.

Uber Technologies Trading Down 2.2%

NYSE UBER opened at $92.47 on Friday. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.11 and a quick ratio of 1.11. The firm's fifty day moving average price is $95.17 and its 200 day moving average price is $88.37. The company has a market capitalization of $192.84 billion, a price-to-earnings ratio of 15.75 and a beta of 1.48. Uber Technologies, Inc. has a 12 month low of $59.33 and a 12 month high of $101.99.

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

Insider Activity

In other news, SVP Nikki Krishnamurthy sold 11,571 shares of the firm's stock in a transaction on Friday, August 15th. The shares were sold at an average price of $91.74, for a total value of $1,061,523.54. Following the completion of the sale, the senior vice president owned 416,222 shares in the company, valued at approximately $38,184,206.28. This trade represents a 2.70% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the firm's stock in a transaction on Tuesday, September 16th. The stock was sold at an average price of $99.42, for a total transaction of $273,405.00. Following the completion of the sale, the chief financial officer owned 22,528 shares of the company's stock, valued at $2,239,733.76. This trade represents a 10.88% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 601,821 shares of company stock worth $58,659,491 over the last 90 days. 3.84% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages have commented on UBER. Raymond James Financial increased their price objective on shares of Uber Technologies from $100.00 to $105.00 and gave the company a "strong-buy" rating in a research report on Thursday, August 7th. Piper Sandler increased their price objective on shares of Uber Technologies from $95.00 to $103.00 and gave the company an "overweight" rating in a research report on Thursday, July 24th. Roth Capital increased their price objective on shares of Uber Technologies from $93.00 to $110.00 and gave the company a "buy" rating in a research report on Monday, July 14th. Royal Bank Of Canada increased their price objective on shares of Uber Technologies from $94.00 to $100.00 and gave the company an "outperform" rating in a research report on Thursday, August 7th. Finally, Weiss Ratings reissued a "buy (b-)" rating on shares of Uber Technologies in a research report on Tuesday. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and eight have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $105.68.

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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