K.J. Harrison & Partners Inc Invests $729,000 in Uber Technologies, Inc. (NYSE:UBER)

K.J. Harrison & Partners Inc purchased a new position in Uber Technologies, Inc. (NYSE:UBER - Free Report) during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 10,000 shares of the ride-sharing company's stock, valued at approximately $729,000.

Other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. increased its position in shares of Uber Technologies by 1.3% in the fourth quarter. Vanguard Group Inc. now owns 180,766,683 shares of the ride-sharing company's stock valued at $10,903,846,000 after buying an additional 2,364,525 shares in the last quarter. Capital Research Global Investors grew its stake in Uber Technologies by 79.0% in the 4th quarter. Capital Research Global Investors now owns 118,131,681 shares of the ride-sharing company's stock valued at $7,125,728,000 after acquiring an additional 52,125,476 shares during the last quarter. Geode Capital Management LLC increased its holdings in Uber Technologies by 2.5% during the 4th quarter. Geode Capital Management LLC now owns 43,561,447 shares of the ride-sharing company's stock valued at $2,621,929,000 after acquiring an additional 1,061,088 shares in the last quarter. Capital World Investors raised its position in Uber Technologies by 10.1% during the fourth quarter. Capital World Investors now owns 30,355,075 shares of the ride-sharing company's stock worth $1,831,021,000 after acquiring an additional 2,792,039 shares during the last quarter. Finally, Norges Bank purchased a new stake in shares of Uber Technologies in the fourth quarter valued at about $1,467,754,000. 80.24% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

UBER has been the subject of a number of recent research reports. TD Cowen dropped their price objective on shares of Uber Technologies from $90.00 to $88.00 and set a "buy" rating for the company in a research note on Tuesday, April 8th. Bank of America boosted their price target on Uber Technologies from $96.00 to $97.00 and gave the stock a "buy" rating in a report on Thursday, May 8th. DA Davidson increased their price objective on Uber Technologies from $80.00 to $98.00 and gave the company a "buy" rating in a research note on Thursday, May 8th. Royal Bank Of Canada reissued an "outperform" rating and issued a $82.00 target price on shares of Uber Technologies in a research note on Monday, May 5th. Finally, Citigroup upped their target price on shares of Uber Technologies from $92.00 to $102.00 and gave the company a "buy" rating in a report on Thursday, May 8th. Twelve analysts have rated the stock with a hold rating and twenty-seven have issued a buy rating to the company's stock. According to MarketBeat, Uber Technologies presently has a consensus rating of "Moderate Buy" and a consensus price target of $94.85.

Uber Technologies Stock Down 1.7%

Shares of Uber Technologies stock opened at $91.54 on Friday. 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 $191.43 billion, a price-to-earnings ratio of 16.03, a price-to-earnings-growth ratio of 1.16 and a beta of 1.38. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.37. The company has a fifty day moving average price of $85.16 and a 200 day moving average price of $75.30.

Uber Technologies (NYSE:UBER - Get Free Report) last issued its earnings results on Wednesday, May 7th. The ride-sharing company reported $0.83 earnings per share for the quarter, topping the consensus estimate of $0.50 by $0.33. The company had revenue of $11.53 billion during the quarter, compared to the consensus estimate of $11.61 billion. Uber Technologies had a return on equity of 66.46% and a net margin of 27.07%. The company's revenue was up 13.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.32) earnings per share. Equities research analysts forecast that Uber Technologies, Inc. will post 2.54 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Uber Technologies news, insider Jill Hazelbaker sold 34,884 shares of the company's stock in a transaction dated 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 transaction, the insider now directly owns 102,135 shares of the company's stock, valued at $8,786,674.05. This represents a 25.46% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of Uber Technologies stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $85.00, for a total value of $233,750.00. Following the sale, the chief financial officer now directly owns 21,063 shares in the company, valued at approximately $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. 3.84% of the stock is owned by company insiders.

Uber Technologies Company 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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