Harvest Fund Management Co. Ltd Has $1.07 Million Position in Uber Technologies, Inc. (NYSE:UBER)

Harvest Fund Management Co. Ltd increased its position in shares of Uber Technologies, Inc. (NYSE:UBER) by 24.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 17,444 shares of the ride-sharing company’s stock after purchasing an additional 3,397 shares during the period. Harvest Fund Management Co. Ltd’s holdings in Uber Technologies were worth $1,074,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the company. Highlander Capital Management LLC raised its holdings in Uber Technologies by 100.0% in the 4th quarter. Highlander Capital Management LLC now owns 500 shares of the ride-sharing company’s stock valued at $31,000 after acquiring an additional 250 shares in the last quarter. Treasurer of the State of North Carolina raised its holdings in Uber Technologies by 0.4% in the 3rd quarter. Treasurer of the State of North Carolina now owns 877,589 shares of the ride-sharing company’s stock valued at $40,360,000 after acquiring an additional 3,530 shares in the last quarter. Compagnie Lombard Odier SCmA raised its holdings in Uber Technologies by 73.0% in the 4th quarter. Compagnie Lombard Odier SCmA now owns 33,535 shares of the ride-sharing company’s stock valued at $2,065,000 after acquiring an additional 14,153 shares in the last quarter. Financial Enhancement Group LLC acquired a new position in Uber Technologies in the 4th quarter valued at $1,112,000. Finally, Fifth Third Bancorp raised its holdings in Uber Technologies by 54.3% in the 4th quarter. Fifth Third Bancorp now owns 68,894 shares of the ride-sharing company’s stock valued at $4,242,000 after acquiring an additional 24,247 shares in the last quarter. 80.24% of the stock is owned by institutional investors and hedge funds.

Uber Technologies Stock Performance

UBER traded up $1.82 on Tuesday, hitting $70.80. The company’s stock had a trading volume of 16,238,751 shares, compared to its average volume of 19,644,313. Uber Technologies, Inc. has a 12 month low of $29.22 and a 12 month high of $82.14. The firm has a market cap of $147.36 billion, a P/E ratio of 82.33, a price-to-earnings-growth ratio of 1.10 and a beta of 1.36. The company’s 50 day simple moving average is $76.92 and its 200-day simple moving average is $64.12. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.79.

Uber Technologies (NYSE:UBER) last issued its earnings results on Wednesday, February 7th. The ride-sharing company reported $0.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.50. Uber Technologies had a net margin of 5.06% and a return on equity of 18.95%. The firm had revenue of $9.94 billion for the quarter, compared to the consensus estimate of $9.76 billion. During the same quarter in the prior year, the firm posted $0.29 earnings per share. The business’s revenue was up 15.4% on a year-over-year basis. Analysts forecast that Uber Technologies, Inc. will post 1.22 EPS for the current year.

Analysts Set New Price Targets

Several brokerages have recently issued reports on UBER. Roth Mkm lifted their price target on Uber Technologies from $72.00 to $79.00 and gave the company a “buy” rating in a research note on Thursday, February 8th. Citigroup boosted their price objective on Uber Technologies from $83.00 to $91.00 and gave the stock a “buy” rating in a research report on Friday, February 16th. The Goldman Sachs Group boosted their price objective on Uber Technologies from $59.00 to $78.00 and gave the stock a “buy” rating in a research report on Thursday, January 11th. Barclays boosted their price objective on Uber Technologies from $63.00 to $86.00 and gave the stock an “overweight” rating in a research report on Thursday, February 8th. Finally, JMP Securities restated a “market outperform” rating and set a $85.00 price objective on shares of Uber Technologies in a research report on Thursday, March 28th. Two investment analysts have rated the stock with a hold rating and twenty-nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Uber Technologies presently has a consensus rating of “Moderate Buy” and a consensus price target of $78.94.

Insider Buying and Selling at Uber Technologies

In related news, insider Jill Hazelbaker sold 20,000 shares of the stock in a transaction that occurred on Wednesday, February 14th. The shares were sold at an average price of $77.83, for a total transaction of $1,556,600.00. Following the transaction, the insider now owns 107,290 shares in the company, valued at $8,350,380.70. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, insider Jill Hazelbaker sold 20,000 shares of the company’s stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $77.83, for a total transaction of $1,556,600.00. Following the completion of the sale, the insider now owns 107,290 shares in the company, valued at $8,350,380.70. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Tony West sold 18,750 shares of the firm’s stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $70.08, for a total value of $1,314,000.00. Following the completion of the transaction, the insider now directly owns 185,566 shares in the company, valued at $13,004,465.28. The disclosure for this sale can be found here. Company insiders own 3.80% of the company’s stock.

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.