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

Harvest Fund Management Co. Ltd lowered its stake in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 36.0% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 22,540 shares of the ride-sharing company's stock after selling 12,687 shares during the period. Harvest Fund Management Co. Ltd's holdings in Uber Technologies were worth $1,360,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in UBER. Geode Capital Management LLC boosted its stake in Uber Technologies by 2.1% during the 3rd quarter. Geode Capital Management LLC now owns 42,500,359 shares of the ride-sharing company's stock valued at $3,184,013,000 after purchasing an additional 893,652 shares during the last quarter. Edgewood Management LLC boosted its stake in Uber Technologies by 10.5% during the 3rd quarter. Edgewood Management LLC now owns 27,552,060 shares of the ride-sharing company's stock valued at $2,070,813,000 after purchasing an additional 2,627,768 shares during the last quarter. Jennison Associates LLC boosted its stake in Uber Technologies by 36.9% during the 4th quarter. Jennison Associates LLC now owns 26,460,312 shares of the ride-sharing company's stock valued at $1,596,086,000 after purchasing an additional 7,137,512 shares during the last quarter. Janus Henderson Group PLC boosted its stake in Uber Technologies by 18.3% during the 3rd quarter. Janus Henderson Group PLC now owns 13,286,812 shares of the ride-sharing company's stock valued at $998,767,000 after purchasing an additional 2,056,273 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of Uber Technologies by 6.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 13,273,165 shares of the ride-sharing company's stock valued at $800,637,000 after buying an additional 774,956 shares during the period. Hedge funds and other institutional investors own 80.24% of the company's stock.

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Uber Technologies Trading Up 2.1 %

Shares of Uber Technologies stock traded up $1.59 on Friday, hitting $75.94. 26,538,897 shares of the company traded hands, compared to its average volume of 19,658,376. The stock's 50 day moving average price is $72.64 and its 200-day moving average price is $71.59. The company has a current ratio of 1.07, a quick ratio of 1.41 and a debt-to-equity ratio of 0.37. Uber Technologies, Inc. has a 52 week low of $54.84 and a 52 week high of $87.00. The company has a market cap of $158.65 billion, a PE ratio of 16.65, a PEG ratio of 0.89 and a beta of 1.39.

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

Insider Buying and Selling

In other Uber Technologies news, insider Jill Hazelbaker sold 31,000 shares of Uber Technologies stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $81.02, for a total value of $2,511,620.00. Following the transaction, the insider now directly owns 86,973 shares of the company's stock, valued at approximately $7,046,552.46. The trade was a 26.28 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Tony West sold 23,404 shares of Uber Technologies stock in a transaction on Thursday, March 13th. The stock was sold at an average price of $70.27, for a total transaction of $1,644,599.08. Following the completion of the transaction, the insider now directly owns 114,241 shares in the company, valued at $8,027,715.07. This represents a 17.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 74,404 shares of company stock valued at $5,587,619 over the last 90 days. Corporate insiders own 3.84% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. Tigress Financial increased their price target on Uber Technologies from $96.00 to $103.00 and gave the company a "buy" rating in a report on Monday, November 25th. Piper Sandler reaffirmed an "overweight" rating and issued a $87.00 target price (up from $80.00) on shares of Uber Technologies in a report on Tuesday, February 18th. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $82.00 target price on shares of Uber Technologies in a report on Thursday, February 6th. Arete Research raised Uber Technologies to a "hold" rating in a report on Tuesday, February 18th. Finally, Benchmark reissued a "hold" rating on shares of Uber Technologies in a report on Friday, January 31st. Ten investment analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $90.31.

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.