Uber Technologies, Inc. (NYSE:UBER) Shares Acquired by Harvest Fund Management Co. Ltd

Harvest Fund Management Co. Ltd increased its holdings in shares of Uber Technologies, Inc. (NYSE:UBER) by 24.2% in the fourth quarter, Holdings Channel reports. The firm owned 17,444 shares of the ride-sharing company’s stock after buying an additional 3,397 shares during the quarter. Harvest Fund Management Co. Ltd’s holdings in Uber Technologies were worth $1,074,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Highlander Capital Management LLC increased its holdings in shares of Uber Technologies by 100.0% in the fourth quarter. Highlander Capital Management LLC now owns 500 shares of the ride-sharing company’s stock valued at $31,000 after purchasing an additional 250 shares during the period. Treasurer of the State of North Carolina boosted its stake in shares of Uber Technologies by 0.4% in the third quarter. Treasurer of the State of North Carolina now owns 877,589 shares of the ride-sharing company’s stock valued at $40,360,000 after buying an additional 3,530 shares in the last quarter. Compagnie Lombard Odier SCmA grew its holdings in Uber Technologies by 73.0% during the fourth quarter. Compagnie Lombard Odier SCmA now owns 33,535 shares of the ride-sharing company’s stock worth $2,065,000 after acquiring an additional 14,153 shares during the period. Financial Enhancement Group LLC purchased a new position in Uber Technologies in the fourth quarter worth $1,112,000. Finally, Fifth Third Bancorp lifted its holdings in Uber Technologies by 54.3% in the fourth quarter. Fifth Third Bancorp now owns 68,894 shares of the ride-sharing company’s stock valued at $4,242,000 after acquiring an additional 24,247 shares during the period. 80.24% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts recently commented on the stock. Piper Sandler raised their price objective on shares of Uber Technologies from $78.00 to $92.00 and gave the company an “overweight” rating in a research note on Friday, March 15th. Jefferies Financial Group boosted their price target on Uber Technologies from $95.00 to $100.00 and gave the stock a “buy” rating in a research note on Friday, April 5th. KeyCorp raised their price target on Uber Technologies from $79.00 to $90.00 and gave the company an “overweight” rating in a research report on Thursday, February 15th. Moffett Nathanson reaffirmed a “buy” rating and issued a $92.00 target price on shares of Uber Technologies in a research note on Thursday, April 11th. Finally, Bank of America raised their price target on shares of Uber Technologies from $68.00 to $73.00 and gave the stock a “buy” rating in a research note on Tuesday, January 30th. Two research analysts have rated the stock with a hold rating and twenty-nine have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $78.94.

Uber Technologies Stock Up 2.6 %

NYSE:UBER traded up $1.82 during trading hours on Tuesday, hitting $70.80. The stock had a trading volume of 16,238,751 shares, compared to its average volume of 19,644,313. Uber Technologies, Inc. has a 1-year low of $29.22 and a 1-year high of $82.14. The company has a market cap of $147.36 billion, a PE ratio of 82.33, a price-to-earnings-growth ratio of 1.10 and a beta of 1.36. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.79. The business has a 50 day simple moving average of $76.92 and a two-hundred day simple moving average of $64.12.

Uber Technologies (NYSE:UBER) last posted its quarterly earnings data on Wednesday, February 7th. The ride-sharing company reported $0.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.50. Uber Technologies had a return on equity of 18.95% and a net margin of 5.06%. The company had revenue of $9.94 billion for the quarter, compared to the consensus estimate of $9.76 billion. During the same period in the previous year, the business earned $0.29 EPS. Uber Technologies’s revenue for the quarter was up 15.4% compared to the same quarter last year. Analysts predict that Uber Technologies, Inc. will post 1.22 EPS for the current year.

Insider Buying and Selling

In other news, insider Jill Hazelbaker sold 20,000 shares of Uber Technologies stock in a transaction dated Wednesday, February 14th. The shares were sold at an average price of $77.83, for a total value of $1,556,600.00. Following the completion of the transaction, the insider now directly owns 107,290 shares of the company’s stock, valued at approximately $8,350,380.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Uber Technologies news, insider Tony West sold 18,750 shares of the firm’s stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $70.08, for a total value of $1,314,000.00. Following the sale, the insider now owns 185,566 shares in the company, valued at $13,004,465.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Jill Hazelbaker sold 20,000 shares of Uber Technologies stock in a transaction on Wednesday, February 14th. The shares were sold at an average price of $77.83, for a total value of $1,556,600.00. Following the sale, the insider now directly owns 107,290 shares in the company, valued at approximately $8,350,380.70. The disclosure for this sale can be found here. 3.80% of the stock is currently owned by company insiders.

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.