Harmony Asset Management LLC Has $1.02 Million Holdings in Uber Technologies, Inc. (NYSE:UBER)

Harmony Asset Management LLC lifted its stake in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 141.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 16,870 shares of the ride-sharing company's stock after acquiring an additional 9,875 shares during the period. Harmony Asset Management LLC's holdings in Uber Technologies were worth $1,018,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in UBER. Orion Capital Management LLC bought a new stake in Uber Technologies in the 4th quarter valued at approximately $147,000. Adalta Capital Management LLC acquired a new stake in Uber Technologies in the 4th quarter valued at $90,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its position in Uber Technologies by 41.0% during the 4th quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 442,544 shares of the ride-sharing company's stock worth $26,694,000 after buying an additional 128,758 shares in the last quarter. PharVision Advisers LLC bought a new stake in Uber Technologies during the 4th quarter worth about $223,000. Finally, Vanguard Capital Wealth Advisors acquired a new position in shares of Uber Technologies during the 4th quarter worth about $440,000. 80.24% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

UBER has been the topic of several analyst reports. Benchmark reiterated a "hold" rating on shares of Uber Technologies in a report on Friday, January 31st. UBS Group upped their price objective on Uber Technologies from $103.00 to $107.00 and gave the stock a "buy" rating in a research note on Thursday, May 8th. Truist Financial raised their target price on shares of Uber Technologies from $90.00 to $92.00 and gave the company a "buy" rating in a research note on Thursday, March 6th. Bank of America boosted their target price on shares of Uber Technologies from $96.00 to $97.00 and gave the stock a "buy" rating in a report on Thursday, May 8th. Finally, KGI Securities reiterated a "neutral" rating and issued a $78.00 price target on shares of Uber Technologies in a research note on Tuesday, March 11th. Eleven investment analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Uber Technologies presently has an average rating of "Moderate Buy" and a consensus price target of $93.91.

Uber Technologies Stock Performance

Shares of UBER traded down $0.18 during mid-day trading on Friday, hitting $87.82. 17,915,084 shares of the company's stock were exchanged, compared to its average volume of 20,401,055. The company has a quick ratio of 1.41, a current ratio of 1.07 and a debt-to-equity ratio of 0.37. Uber Technologies, Inc. has a 52 week low of $54.84 and a 52 week high of $93.60. The stock's 50-day simple moving average is $77.85 and its 200-day simple moving average is $72.43. The firm has a market cap of $183.64 billion, a price-to-earnings ratio of 19.26, a price-to-earnings-growth ratio of 0.89 and a beta of 1.43.

Uber Technologies (NYSE:UBER - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The ride-sharing company reported $0.83 EPS for the quarter, topping analysts' consensus estimates of $0.50 by $0.33. The firm had revenue of $11.53 billion for the quarter, compared to analyst estimates of $11.61 billion. Uber Technologies had a return on equity of 62.60% and a net margin of 22.41%. The company's revenue was up 13.8% on a year-over-year basis. During the same quarter last year, the company earned ($0.32) EPS. On average, equities research analysts expect that Uber Technologies, Inc. will post 2.54 EPS for the current year.

Insider Buying and Selling

In other news, insider Jill Hazelbaker sold 34,884 shares of the business's stock in a transaction on Monday, May 12th. The stock was sold at an average price of $86.03, for a total transaction of $3,001,070.52. Following the completion of the transaction, the insider now owns 102,135 shares of the company's stock, valued at approximately $8,786,674.05. The trade was a 25.46% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Tony West sold 23,404 shares of the company's stock in a transaction on Thursday, March 13th. The stock was sold at an average price of $70.27, for a total value of $1,644,599.08. Following the sale, the insider now owns 114,241 shares of the company's stock, valued at approximately $8,027,715.07. This represents a 17.00% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 83,788 shares of company stock worth $6,517,070. Company insiders own 3.84% of the company's stock.

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.