Harvest Fund Management Co. Ltd Boosts Holdings in Uber Technologies, Inc. (NYSE:UBER)

Harvest Fund Management Co. Ltd raised its stake in Uber Technologies, Inc. (NYSE:UBER) by 16.9% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 35,227 shares of the ride-sharing company’s stock after purchasing an additional 5,097 shares during the period. Harvest Fund Management Co. Ltd’s holdings in Uber Technologies were worth $2,648,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also made changes to their positions in the company. GHP Investment Advisors Inc. lifted its stake in Uber Technologies by 222.7% in the second quarter. GHP Investment Advisors Inc. now owns 355 shares of the ride-sharing company’s stock valued at $26,000 after buying an additional 245 shares during the last quarter. WR Wealth Planners LLC boosted its stake in Uber Technologies by 563.9% during the 2nd quarter. WR Wealth Planners LLC now owns 405 shares of the ride-sharing company’s stock worth $29,000 after purchasing an additional 344 shares during the period. MCF Advisors LLC grew its position in Uber Technologies by 1,038.5% during the 2nd quarter. MCF Advisors LLC now owns 444 shares of the ride-sharing company’s stock worth $32,000 after purchasing an additional 405 shares during the last quarter. Founders Capital Management acquired a new stake in shares of Uber Technologies during the second quarter worth about $33,000. Finally, Fairfield Financial Advisors LTD purchased a new position in shares of Uber Technologies during the second quarter worth about $36,000. 80.24% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Uber Technologies

In related news, insider Jill Hazelbaker sold 40,000 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $72.00, for a total value of $2,880,000.00. Following the transaction, the insider now owns 127,352 shares in the company, valued at approximately $9,169,344. This trade represents a 23.90 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 3.80% of the stock is owned by insiders.

Analysts Set New Price Targets

Several analysts have commented on UBER shares. BMO Capital Markets reaffirmed an “outperform” rating and set a $92.00 price objective on shares of Uber Technologies in a research note on Friday, October 11th. Benchmark reiterated a “hold” rating on shares of Uber Technologies in a research report on Friday, November 1st. Truist Financial dropped their price objective on shares of Uber Technologies from $99.00 to $95.00 and set a “buy” rating on the stock in a research note on Friday, November 1st. Bank of America raised their target price on shares of Uber Technologies from $88.00 to $96.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. Finally, Cantor Fitzgerald reiterated an “overweight” rating and set a $90.00 price target on shares of Uber Technologies in a research note on Monday, October 7th. Six investment analysts have rated the stock with a hold rating, thirty-two have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $90.32.

Uber Technologies Trading Up 2.7 %

Shares of UBER stock opened at $71.51 on Monday. Uber Technologies, Inc. has a 1-year low of $54.84 and a 1-year high of $87.00. The firm’s 50-day simple moving average is $75.47 and its 200-day simple moving average is $71.13. The firm has a market cap of $150.58 billion, a P/E ratio of 35.58, a PEG ratio of 0.92 and a beta of 1.34. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.41 and a quick ratio of 1.41.

Uber Technologies (NYSE:UBER) last announced its quarterly earnings results on Thursday, October 31st. The ride-sharing company reported $1.20 earnings per share for the quarter, beating analysts’ consensus estimates of $0.41 by $0.79. The company had revenue of $11.19 billion for the quarter, compared to analyst estimates of $10.99 billion. Uber Technologies had a net margin of 10.49% and a return on equity of 33.46%. Uber Technologies’s revenue for the quarter was up 20.4% on a year-over-year basis. During the same quarter last year, the business earned $0.10 EPS. As a group, equities analysts forecast that Uber Technologies, Inc. will post 1.83 EPS for the current year.

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.