Harbour Capital Advisors LLC Raises Stock Position in Uber Technologies, Inc. (NYSE:UBER)

Harbour Capital Advisors LLC grew its holdings in Uber Technologies, Inc. (NYSE:UBER) by 2.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 18,305 shares of the ride-sharing company’s stock after purchasing an additional 510 shares during the quarter. Harbour Capital Advisors LLC’s holdings in Uber Technologies were worth $1,425,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in UBER. Price T Rowe Associates Inc. MD boosted its position in Uber Technologies by 37.8% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 36,425,981 shares of the ride-sharing company’s stock valued at $2,804,437,000 after buying an additional 9,996,508 shares during the period. GQG Partners LLC increased its holdings in Uber Technologies by 74.1% during the 1st quarter. GQG Partners LLC now owns 22,423,451 shares of the ride-sharing company’s stock worth $1,726,381,000 after purchasing an additional 9,541,366 shares during the period. Allen Investment Management LLC raised its position in Uber Technologies by 2,956.5% in the 1st quarter. Allen Investment Management LLC now owns 5,338,291 shares of the ride-sharing company’s stock valued at $410,995,000 after purchasing an additional 5,163,635 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of Uber Technologies by 2.2% in the 1st quarter. Vanguard Group Inc. now owns 171,253,318 shares of the ride-sharing company’s stock valued at $13,184,793,000 after buying an additional 3,623,951 shares during the period. Finally, Ameriprise Financial Inc. grew its position in shares of Uber Technologies by 36.5% during the second quarter. Ameriprise Financial Inc. now owns 11,893,429 shares of the ride-sharing company’s stock worth $864,390,000 after buying an additional 3,179,308 shares in the last quarter. Institutional investors and hedge funds own 80.24% of the company’s stock.

Uber Technologies Price Performance

Uber Technologies stock opened at $79.90 on Friday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.21 and a current ratio of 1.21. Uber Technologies, Inc. has a one year low of $40.09 and a one year high of $87.00. The company has a market cap of $167.87 billion, a P/E ratio of 87.80, a price-to-earnings-growth ratio of 1.47 and a beta of 1.33. The business has a fifty day moving average of $74.09 and a two-hundred day moving average of $70.70.

Uber Technologies (NYSE:UBER) last released its quarterly earnings data on Tuesday, August 6th. The ride-sharing company reported $0.47 EPS for the quarter, topping analysts’ consensus estimates of $0.31 by $0.16. Uber Technologies had a net margin of 5.02% and a return on equity of 17.06%. The firm had revenue of $10.70 billion for the quarter, compared to the consensus estimate of $10.57 billion. During the same quarter in the previous year, the firm earned $0.18 earnings per share. The firm’s revenue was up 15.9% on a year-over-year basis. As a group, analysts predict that Uber Technologies, Inc. will post 1.08 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider Jill Hazelbaker sold 40,000 shares of Uber Technologies stock in a transaction on Monday, September 16th. The stock was sold at an average price of $72.00, for a total transaction of $2,880,000.00. Following the completion of the transaction, the insider now directly owns 127,352 shares of the company’s stock, valued at approximately $9,169,344. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 3.80% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Wolfe Research initiated coverage on shares of Uber Technologies in a research note on Tuesday, July 16th. They issued an “outperform” rating and a $90.00 price target for the company. Bank of America reaffirmed a “buy” rating and set a $88.00 price objective on shares of Uber Technologies in a research report on Friday, October 11th. JMP Securities raised their price target on Uber Technologies from $75.00 to $80.00 and gave the company a “market outperform” rating in a research note on Wednesday, August 7th. Evercore ISI upped their price objective on Uber Technologies from $80.00 to $90.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 7th. Finally, Daiwa Capital Markets lowered Uber Technologies from an “outperform” rating to a “neutral” rating and set a $84.00 target price on the stock. in a research report on Thursday. Five investment analysts have rated the stock with a hold rating, thirty-one have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $88.00.

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.