Harel Insurance Investments & Financial Services Ltd. Buys 203,657 Shares of Uber Technologies, Inc. (NYSE:UBER)

Harel Insurance Investments & Financial Services Ltd. increased its stake in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 777.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 229,847 shares of the ride-sharing company's stock after acquiring an additional 203,657 shares during the period. Harel Insurance Investments & Financial Services Ltd.'s holdings in Uber Technologies were worth $16,747,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in UBER. Clark Capital Management Group Inc. lifted its stake in Uber Technologies by 11,354.8% during the fourth quarter. Clark Capital Management Group Inc. now owns 402,522 shares of the ride-sharing company's stock valued at $24,280,000 after purchasing an additional 399,008 shares during the last quarter. UMB Bank n.a. lifted its stake in Uber Technologies by 33.6% during the first quarter. UMB Bank n.a. now owns 12,210 shares of the ride-sharing company's stock valued at $890,000 after purchasing an additional 3,073 shares during the last quarter. Revolve Wealth Partners LLC lifted its stake in 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 purchasing an additional 6,129 shares during the last quarter. Mufg Securities Americas Inc. acquired a new stake in Uber Technologies during the fourth quarter valued at approximately $1,875,000. Finally, APG Asset Management N.V. acquired a new stake in Uber Technologies during the fourth quarter valued at approximately $84,687,000. 80.24% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, insider Jill Hazelbaker sold 34,884 shares of the firm's 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 transaction, the insider directly owned 102,135 shares in the company, valued at approximately $8,786,674.05. This trade represents a 25.46% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 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 transaction of $233,750.00. Following the completion of the transaction, the chief financial officer owned 21,063 shares in the company, valued at $1,790,355. The trade was a 11.55% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 3.84% of the company's stock.

Uber Technologies Stock Up 1.5%

Shares of UBER traded up $1.41 during mid-day trading on Friday, hitting $93.46. 8,112,562 shares of the company's stock were exchanged, compared to its average volume of 21,089,075. The firm has a fifty day moving average of $86.90 and a two-hundred day moving average of $76.31. Uber Technologies, Inc. has a twelve month low of $54.84 and a twelve month high of $94.38. The stock has a market cap of $195.43 billion, a price-to-earnings ratio of 16.37, a P/E/G ratio of 1.19 and a beta of 1.40. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.37.

Uber Technologies (NYSE:UBER - Get Free Report) last posted its earnings results on Wednesday, May 7th. The ride-sharing company reported $0.83 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.50 by $0.33. Uber Technologies had a net margin of 27.07% and a return on equity of 66.46%. The business had revenue of $11.53 billion for the quarter, compared to analyst estimates of $11.61 billion. During the same period last year, the business posted ($0.32) EPS. Uber Technologies's revenue was up 13.8% compared to the same quarter last year. On average, sell-side analysts forecast that Uber Technologies, Inc. will post 2.54 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. Wedbush lowered shares of Uber Technologies from an "outperform" rating to a "neutral" rating and increased their target price for the company from $80.00 to $85.00 in a research note on Thursday, May 8th. Stifel Nicolaus initiated coverage on shares of Uber Technologies in a research report on Wednesday, June 11th. They issued a "buy" rating and a $110.00 price target for the company. Citigroup upped their price target on shares of Uber Technologies from $92.00 to $102.00 and gave the company a "buy" rating in a research report on Thursday, May 8th. The Goldman Sachs Group upped their price target on shares of Uber Technologies from $96.00 to $110.00 and gave the company a "buy" rating in a research report on Thursday, May 8th. Finally, Barclays upped their price target on shares of Uber Technologies from $86.00 to $97.00 and gave the company an "overweight" rating in a research report on Thursday, May 8th. Thirteen equities research analysts have rated the stock with a hold rating and twenty-six have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $94.85.

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.