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Harel Insurance Investments & Financial Services Ltd. Has $2.16 Million Stock Position in Uber Technologies, Inc. $UBER

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Key Points

  • Harel Insurance cut its Uber stake by 88.6% in Q4, selling 205,140 shares and retaining 26,460 shares worth $2.16 million at the end of the period.
  • Notable insider activity: SVP Nikki Krishnamurthy sold 30,000 shares (~$2.23M) while CFO Balaji Krishnamurthy bought 22,453 shares (~$1.60M); insiders own 3.81% of the stock and institutional investors own 80.24%.
  • Uber reported EPS of $0.71 (missing the $0.79 consensus) on $14.37 billion of revenue (+20.1% YoY); the stock has a $149.01B market cap and a consensus price target of about $105.11 with an overall "Moderate Buy" rating.
  • MarketBeat previews top five stocks to own in June.

Harel Insurance Investments & Financial Services Ltd. lowered its stake in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 88.6% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 26,460 shares of the ride-sharing company's stock after selling 205,140 shares during the quarter. Harel Insurance Investments & Financial Services Ltd.'s holdings in Uber Technologies were worth $2,162,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the stock. Vanguard Group Inc. lifted its stake in shares of Uber Technologies by 0.9% in the 4th quarter. Vanguard Group Inc. now owns 192,499,602 shares of the ride-sharing company's stock valued at $15,729,142,000 after purchasing an additional 1,670,761 shares during the period. Northern Trust Corp lifted its stake in shares of Uber Technologies by 1.5% in the 3rd quarter. Northern Trust Corp now owns 19,509,042 shares of the ride-sharing company's stock valued at $1,911,301,000 after purchasing an additional 297,132 shares during the period. Capital World Investors lifted its stake in shares of Uber Technologies by 1.1% in the 3rd quarter. Capital World Investors now owns 17,016,467 shares of the ride-sharing company's stock valued at $1,667,121,000 after purchasing an additional 182,976 shares during the period. Legal & General Group Plc increased its position in shares of Uber Technologies by 6.9% in the 3rd quarter. Legal & General Group Plc now owns 13,386,313 shares of the ride-sharing company's stock valued at $1,311,457,000 after buying an additional 867,719 shares in the last quarter. Finally, Boston Partners increased its position in shares of Uber Technologies by 2.9% in the 3rd quarter. Boston Partners now owns 9,422,708 shares of the ride-sharing company's stock valued at $923,919,000 after buying an additional 263,824 shares in the last quarter. Institutional investors and hedge funds own 80.24% of the company's stock.

More Uber Technologies News

Here are the key news stories impacting Uber Technologies this week:

Insider Activity

In other news, SVP Nikki Krishnamurthy sold 30,000 shares of Uber Technologies stock in a transaction on Monday, March 16th. The stock was sold at an average price of $74.45, for a total value of $2,233,500.00. Following the transaction, the senior vice president owned 460,756 shares in the company, valued at approximately $34,303,284.20. This trade represents a 6.11% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Balaji (A) Krishnamurthy purchased 22,453 shares of Uber Technologies stock in a transaction dated Tuesday, February 24th. The stock was bought at an average price of $71.25 per share, for a total transaction of $1,599,776.25. Following the completion of the purchase, the chief financial officer owned 28,742 shares in the company, valued at $2,047,867.50. This represents a 357.02% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 3.81% of the stock is owned by company insiders.

Uber Technologies Price Performance

Shares of Uber Technologies stock opened at $72.94 on Wednesday. Uber Technologies, Inc. has a twelve month low of $68.46 and a twelve month high of $101.99. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.38. The company has a 50-day simple moving average of $73.89 and a two-hundred day simple moving average of $81.01. The stock has a market capitalization of $149.01 billion, a price-to-earnings ratio of 15.49, a price-to-earnings-growth ratio of 6.77 and a beta of 1.16.

Uber Technologies (NYSE:UBER - Get Free Report) last issued its quarterly earnings data on Wednesday, February 4th. The ride-sharing company reported $0.71 earnings per share for the quarter, missing the consensus estimate of $0.79 by ($0.08). Uber Technologies had a return on equity of 43.63% and a net margin of 19.33%.The business had revenue of $14.37 billion during the quarter, compared to analyst estimates of $14.32 billion. During the same quarter last year, the firm earned $3.21 EPS. Uber Technologies's revenue for the quarter was up 20.1% compared to the same quarter last year. Analysts forecast that Uber Technologies, Inc. will post 3.34 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts recently commented on the stock. JPMorgan Chase & Co. lowered their price objective on shares of Uber Technologies from $110.00 to $105.00 and set an "overweight" rating for the company in a research report on Thursday, February 5th. Roth Mkm set a $105.00 target price on shares of Uber Technologies in a research note on Thursday, February 5th. DA Davidson cut their price target on shares of Uber Technologies from $108.00 to $105.00 and set a "buy" rating on the stock in a research report on Monday, February 23rd. Wall Street Zen cut shares of Uber Technologies from a "buy" rating to a "hold" rating in a research report on Saturday, January 17th. Finally, KeyCorp lowered their price objective on shares of Uber Technologies from $110.00 to $105.00 and set an "overweight" rating on the stock in a research note on Tuesday, January 20th. One investment analyst has rated the stock with a Strong Buy rating, thirty-two have issued a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, Uber Technologies presently has an average rating of "Moderate Buy" and a consensus price target of $105.11.

Read Our Latest Research Report on Uber Technologies

Uber Technologies Profile

(Free Report)

Uber Technologies, Inc is a technology company that operates a global platform connecting riders, drivers, couriers, restaurants and shippers. Founded in 2009 by Garrett Camp and Travis Kalanick and headquartered in San Francisco, Uber developed one of the first large-scale ride-hailing marketplaces and has since expanded into a broader set of mobility and logistics services. The company completed its initial public offering in 2019 and continues to position its app-based network as a multi-modal transportation and delivery platform.

Uber's principal businesses include mobility services (ride-hailing and shared rides), delivery through Uber Eats, and freight logistics via Uber Freight.

Featured Stories

Want to see what other hedge funds are holding UBER? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Uber Technologies, Inc. (NYSE:UBER - Free Report).

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

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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