Harvest Portfolios Group Inc. Sells 2,267 Shares of Uber Technologies, Inc. $UBER

Harvest Portfolios Group Inc. reduced its stake in shares of Uber Technologies, Inc. (NYSE:UBER) by 9.7% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 21,225 shares of the ride-sharing company’s stock after selling 2,267 shares during the period. Harvest Portfolios Group Inc.’s holdings in Uber Technologies were worth $1,980,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Vestmark Advisory Solutions Inc. lifted its holdings in shares of Uber Technologies by 9.5% in the second quarter. Vestmark Advisory Solutions Inc. now owns 99,218 shares of the ride-sharing company’s stock valued at $9,257,000 after purchasing an additional 8,584 shares in the last quarter. Sterling Capital Management LLC raised its position in Uber Technologies by 43.6% in the 2nd quarter. Sterling Capital Management LLC now owns 115,115 shares of the ride-sharing company’s stock valued at $10,740,000 after buying an additional 34,955 shares during the last quarter. Princeton Capital Management LLC lifted its stake in Uber Technologies by 3.2% during the 2nd quarter. Princeton Capital Management LLC now owns 20,576 shares of the ride-sharing company’s stock valued at $1,920,000 after acquiring an additional 639 shares in the last quarter. Savant Capital LLC lifted its stake in Uber Technologies by 4.2% during the 2nd quarter. Savant Capital LLC now owns 744,198 shares of the ride-sharing company’s stock valued at $69,434,000 after acquiring an additional 29,780 shares in the last quarter. Finally, Malaga Cove Capital LLC boosted its holdings in Uber Technologies by 18.2% during the 2nd quarter. Malaga Cove Capital LLC now owns 4,090 shares of the ride-sharing company’s stock worth $382,000 after acquiring an additional 631 shares during the last quarter. 80.24% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Uber Technologies

In related news, SVP Nikki Krishnamurthy sold 11,571 shares of Uber Technologies stock in a transaction dated Friday, August 15th. The stock was sold at an average price of $91.74, for a total value of $1,061,523.54. Following the completion of the sale, the senior vice president owned 416,222 shares of the company’s stock, valued at approximately $38,184,206.28. This trade represents a 2.70% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the business’s stock in a transaction dated Tuesday, September 16th. The shares were sold at an average price of $99.42, for a total value of $273,405.00. Following the completion of the sale, the chief financial officer owned 22,528 shares in the company, valued at $2,239,733.76. This represents a 10.88% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 604,946 shares of company stock valued at $58,950,116. 3.84% of the stock is currently owned by insiders.

Uber Technologies Stock Down 0.1%

Uber Technologies stock opened at $92.03 on Friday. The firm has a 50 day moving average price of $95.46 and a 200-day moving average price of $91.09. The company has a quick ratio of 1.11, a current ratio of 1.15 and a debt-to-equity ratio of 0.37. Uber Technologies, Inc. has a twelve month low of $59.33 and a twelve month high of $101.99. The company has a market capitalization of $191.21 billion, a P/E ratio of 11.83 and a beta of 1.46.

Uber Technologies (NYSE:UBER) last posted its quarterly earnings data on Tuesday, November 4th. The ride-sharing company reported $3.11 EPS for the quarter, beating the consensus estimate of $0.67 by $2.44. Uber Technologies had a return on equity of 68.17% and a net margin of 33.54%.The business had revenue of $13.47 billion for the quarter, compared to the consensus estimate of $13.25 billion. During the same quarter in the prior year, the business earned $1.20 earnings per share. Uber Technologies’s revenue for the quarter was up 20.4% on a year-over-year basis. As a group, equities analysts predict that Uber Technologies, Inc. will post 2.54 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. Royal Bank Of Canada set a $110.00 target price on shares of Uber Technologies in a report on Wednesday. Cantor Fitzgerald upped their price objective on shares of Uber Technologies from $107.00 to $108.00 and gave the stock an “overweight” rating in a research report on Wednesday. Guggenheim decreased their price objective on shares of Uber Technologies from $140.00 to $135.00 and set a “buy” rating for the company in a research note on Wednesday. JPMorgan Chase & Co. lifted their target price on shares of Uber Technologies from $105.00 to $110.00 and gave the stock an “overweight” rating in a research report on Friday, July 11th. Finally, Susquehanna reaffirmed a “positive” rating and issued a $110.00 target price on shares of Uber Technologies in a report on Wednesday. Two research analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $108.26.

About Uber Technologies

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.