Uber Technologies, Inc. (NYSE:UBER) Shares Bought by Harbor Capital Advisors Inc.

Harbor Capital Advisors Inc. lifted its position in shares of Uber Technologies, Inc. (NYSE:UBER) by 13.1% in the 2nd quarter, Holdings Channel.com reports. The firm owned 11,226 shares of the ride-sharing company’s stock after purchasing an additional 1,304 shares during the period. Harbor Capital Advisors Inc.’s holdings in Uber Technologies were worth $816,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. increased its holdings in shares of Uber Technologies by 2.2% in the first quarter. Vanguard Group Inc. now owns 171,253,318 shares of the ride-sharing company’s stock valued at $13,184,793,000 after purchasing an additional 3,623,951 shares during the period. Capital World Investors boosted its position in shares of Uber Technologies by 0.7% in the 4th quarter. Capital World Investors now owns 40,610,127 shares of the ride-sharing company’s stock worth $2,500,366,000 after buying an additional 283,802 shares in the last quarter. Capital Research Global Investors boosted its position in shares of Uber Technologies by 8.2% in the 1st quarter. Capital Research Global Investors now owns 39,947,547 shares of the ride-sharing company’s stock worth $3,075,562,000 after buying an additional 3,019,431 shares in the last quarter. Price T Rowe Associates Inc. MD grew its stake 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 acquiring an additional 9,996,508 shares during the last quarter. Finally, Norges Bank purchased a new position in Uber Technologies during the 4th quarter valued at about $1,415,778,000. Institutional investors and hedge funds own 80.24% of the company’s stock.

Uber Technologies Stock Performance

NYSE:UBER traded up $1.80 during trading hours on Wednesday, hitting $66.67. 24,671,769 shares of the company traded hands, compared to its average volume of 19,253,648. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.80. Uber Technologies, Inc. has a twelve month low of $40.09 and a twelve month high of $82.14. The firm has a 50-day moving average of $68.28 and a 200 day moving average of $70.98. The stock has a market capitalization of $139.31 billion, a price-to-earnings ratio of 109.48, a P/E/G ratio of 1.32 and a beta of 1.36.

Uber Technologies (NYSE:UBER) last announced its quarterly earnings results on Tuesday, August 6th. The ride-sharing company reported $0.47 earnings per share for the quarter, beating analysts’ consensus estimates of $0.31 by $0.16. Uber Technologies had a return on equity of 12.81% and a net margin of 3.60%. The firm had revenue of $10.70 billion for the quarter, compared to analysts’ expectations of $10.57 billion. During the same period in the prior year, the business posted $0.18 earnings per share. The business’s revenue was up 15.9% compared to the same quarter last year. On average, analysts forecast that Uber Technologies, Inc. will post 0.84 EPS for the current year.

Insider Buying and Selling

In related news, insider Tony West sold 18,750 shares of the stock in a transaction that occurred on Monday, May 13th. The stock was sold at an average price of $65.63, for a total transaction of $1,230,562.50. Following the sale, the insider now directly owns 206,338 shares in the company, valued at approximately $13,541,962.94. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other Uber Technologies news, insider Tony West sold 18,750 shares of the company’s stock in a transaction dated Monday, May 13th. The shares were sold at an average price of $65.63, for a total transaction of $1,230,562.50. Following the transaction, the insider now directly owns 206,338 shares in the company, valued at approximately $13,541,962.94. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Dara Khosrowshahi sold 500,000 shares of Uber Technologies stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $71.91, for a total transaction of $35,955,000.00. Following the completion of the sale, the chief executive officer now owns 1,266,114 shares in the company, valued at $91,046,257.74. The disclosure for this sale can be found here. Insiders sold 1,135,984 shares of company stock worth $78,213,297 in the last quarter. 3.84% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several analysts have issued reports on UBER shares. TD Cowen upped their price target on shares of Uber Technologies from $88.00 to $90.00 and gave the company a “buy” rating in a report on Tuesday, July 23rd. Piper Sandler increased their target price on Uber Technologies from $86.00 to $88.00 and gave the company an “overweight” rating in a report on Tuesday, June 25th. Melius Research assumed coverage on Uber Technologies in a report on Monday, July 22nd. They issued a “hold” rating and a $77.00 price target for the company. Melius started coverage on Uber Technologies in a research note on Monday, July 22nd. They set a “hold” rating and a $77.00 price objective on the stock. Finally, Wedbush reaffirmed an “outperform” rating and issued a $85.00 target price on shares of Uber Technologies in a research note on Wednesday, May 8th. Four equities research analysts have rated the stock with a hold rating and thirty have issued a buy rating to the company. According to MarketBeat, Uber Technologies has a consensus rating of “Moderate Buy” and a consensus price target of $87.26.

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.