Harvest Fund Management Co. Ltd Purchases 5,097 Shares of Uber Technologies, Inc. (NYSE:UBER)

Harvest Fund Management Co. Ltd increased its position in shares of Uber Technologies, Inc. (NYSE:UBER) by 16.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 35,227 shares of the ride-sharing company’s stock after acquiring an additional 5,097 shares during the quarter. Harvest Fund Management Co. Ltd’s holdings in Uber Technologies were worth $2,648,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Ameriprise Financial Inc. raised its stake in Uber Technologies by 36.5% in the second quarter. Ameriprise Financial Inc. now owns 11,893,429 shares of the ride-sharing company’s stock valued at $864,390,000 after buying an additional 3,179,308 shares during the last quarter. Edgewood Management LLC grew its position 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 worth $2,070,813,000 after purchasing an additional 2,627,768 shares during the last quarter. AMF Tjanstepension AB purchased a new position in shares of Uber Technologies in the third quarter worth $163,468,000. Samlyn Capital LLC acquired a new stake in shares of Uber Technologies during the second quarter worth $134,987,000. Finally, Ensign Peak Advisors Inc grew its holdings in shares of Uber Technologies by 64.9% during the second quarter. Ensign Peak Advisors Inc now owns 4,633,697 shares of the ride-sharing company’s stock valued at $336,777,000 after buying an additional 1,824,162 shares during the last quarter. 80.24% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. Citigroup boosted their price target on Uber Technologies from $96.00 to $98.00 and gave the company a “buy” rating in a research note on Wednesday, August 7th. Roth Mkm increased their price target on shares of Uber Technologies from $89.00 to $90.00 and gave the stock a “buy” rating in a report on Wednesday, August 7th. Royal Bank of Canada upped their price objective on shares of Uber Technologies from $80.00 to $82.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Daiwa Capital Markets cut shares of Uber Technologies from an “outperform” rating to a “neutral” rating and set a $84.00 target price for the company. in a report on Thursday, October 17th. Finally, Wells Fargo & Company decreased their target price on shares of Uber Technologies from $97.00 to $90.00 and set an “overweight” rating for the company in a research report on Friday, November 1st. Six analysts have rated the stock with a hold rating, thirty-two have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Uber Technologies currently has an average rating of “Moderate Buy” and an average target price of $90.32.

Insider Transactions at Uber Technologies

In related news, insider Jill Hazelbaker sold 40,000 shares of the stock in a transaction on Monday, September 16th. The stock was 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 of the company’s stock, valued at $9,169,344. This represents a 23.90 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 3.80% of the company’s stock.

Uber Technologies Price Performance

Uber Technologies stock opened at $71.51 on Monday. The company’s 50 day moving average is $75.47 and its two-hundred day moving average is $71.13. The firm has a market cap of $150.58 billion, a PE ratio of 35.58, a price-to-earnings-growth ratio of 0.92 and a beta of 1.34. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.70. Uber Technologies, Inc. has a 52-week low of $54.84 and a 52-week high of $87.00.

Uber Technologies (NYSE:UBER) last released its earnings results on Thursday, October 31st. The ride-sharing company reported $1.20 EPS for the quarter, topping the consensus estimate of $0.41 by $0.79. The firm had revenue of $11.19 billion during the quarter, compared to analysts’ expectations of $10.99 billion. Uber Technologies had a return on equity of 33.46% and a net margin of 10.49%. Uber Technologies’s revenue for the quarter was up 20.4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.10 EPS. On average, research analysts expect that Uber Technologies, Inc. will post 1.83 EPS for the current fiscal year.

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.