Harbour Investments Inc. Acquires 2,748 Shares of Uber Technologies, Inc. (NYSE:UBER)

Harbour Investments Inc. lifted its holdings in Uber Technologies, Inc. (NYSE:UBER) by 25.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 13,575 shares of the ride-sharing company’s stock after acquiring an additional 2,748 shares during the period. Harbour Investments Inc.’s holdings in Uber Technologies were worth $819,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the business. Avion Wealth lifted its position in shares of Uber Technologies by 96.0% in the fourth quarter. Avion Wealth now owns 445 shares of the ride-sharing company’s stock worth $26,000 after buying an additional 218 shares in the last quarter. GHP Investment Advisors Inc. lifted its position in shares of Uber Technologies by 85.1% in the fourth quarter. GHP Investment Advisors Inc. now owns 485 shares of the ride-sharing company’s stock worth $29,000 after buying an additional 223 shares in the last quarter. Kieckhefer Group LLC purchased a new stake in shares of Uber Technologies in the fourth quarter worth about $33,000. Retirement Wealth Solutions LLC purchased a new stake in shares of Uber Technologies in the fourth quarter worth about $35,000. Finally, Fairfield Financial Advisors LTD lifted its position in shares of Uber Technologies by 34.0% in the fourth quarter. Fairfield Financial Advisors LTD now owns 670 shares of the ride-sharing company’s stock worth $40,000 after buying an additional 170 shares in the last quarter. Institutional investors own 80.24% of the company’s stock.

Uber Technologies Stock Up 1.9 %

Shares of NYSE:UBER opened at $72.89 on Thursday. The company has a quick ratio of 1.41, a current ratio of 1.07 and a debt-to-equity ratio of 0.37. The stock has a market cap of $152.27 billion, a P/E ratio of 15.99, a price-to-earnings-growth ratio of 0.89 and a beta of 1.39. The business’s 50 day moving average is $72.25 and its 200 day moving average is $71.56. Uber Technologies, Inc. has a 52-week low of $54.84 and a 52-week high of $87.00.

Uber Technologies (NYSE:UBER) last announced its earnings results on Wednesday, February 5th. The ride-sharing company reported $3.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $2.71. Uber Technologies had a return on equity of 62.60% and a net margin of 22.41%. Sell-side analysts predict that Uber Technologies, Inc. will post 2.54 EPS for the current year.

Analyst Ratings Changes

UBER has been the topic of a number of research analyst reports. Arete Research upgraded Uber Technologies to a “hold” rating in a research report on Tuesday, February 18th. Benchmark restated a “hold” rating on shares of Uber Technologies in a research report on Friday, January 31st. JMP Securities restated a “market perform” rating on shares of Uber Technologies in a research report on Thursday, February 6th. Wells Fargo & Company decreased their price objective on Uber Technologies from $90.00 to $87.00 and set an “overweight” rating on the stock in a research report on Thursday, February 6th. Finally, UBS Group restated a “buy” rating on shares of Uber Technologies in a research report on Friday, February 21st. Ten analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $90.31.

Insider Buying and Selling at Uber Technologies

In other Uber Technologies news, insider Jill Hazelbaker sold 31,000 shares of the stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $81.02, for a total transaction of $2,511,620.00. Following the sale, the insider now owns 86,973 shares of the company’s stock, valued at approximately $7,046,552.46. This trade represents a 26.28 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Tony West sold 23,404 shares of the firm’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 completion of the sale, the insider now directly owns 114,241 shares of the company’s stock, valued at $8,027,715.07. The trade was a 17.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 74,404 shares of company stock valued at $5,587,619. 3.84% of the stock is currently owned by corporate insiders.

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.