Harel Insurance Investments & Financial Services Ltd. Sells 311 Shares of Uber Technologies, Inc. (NYSE:UBER)

Harel Insurance Investments & Financial Services Ltd. decreased its holdings in shares of Uber Technologies, Inc. (NYSE:UBER) by 1.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 26,190 shares of the ride-sharing company’s stock after selling 311 shares during the period. Harel Insurance Investments & Financial Services Ltd.’s holdings in Uber Technologies were worth $1,580,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the business. CX Institutional grew its stake in shares of Uber Technologies by 8.8% in the 4th quarter. CX Institutional now owns 9,744 shares of the ride-sharing company’s stock worth $588,000 after buying an additional 787 shares during the last quarter. Berbice Capital Management LLC purchased a new stake in shares of Uber Technologies in the fourth quarter worth $199,000. RFG Advisory LLC increased its holdings in shares of Uber Technologies by 14.3% during the fourth quarter. RFG Advisory LLC now owns 21,904 shares of the ride-sharing company’s stock valued at $1,321,000 after acquiring an additional 2,748 shares in the last quarter. Cornerstone Wealth Management LLC increased its holdings in shares of Uber Technologies by 11.1% during the fourth quarter. Cornerstone Wealth Management LLC now owns 4,213 shares of the ride-sharing company’s stock valued at $254,000 after acquiring an additional 420 shares in the last quarter. Finally, Brighton Jones LLC boosted its stake in Uber Technologies by 3.4% in the 4th quarter. Brighton Jones LLC now owns 74,460 shares of the ride-sharing company’s stock worth $4,491,000 after purchasing an additional 2,474 shares in the last quarter. Hedge funds and other institutional investors own 80.24% of the company’s stock.

Uber Technologies Trading Up 0.4 %

NYSE:UBER opened at $68.59 on Friday. The company has a market capitalization of $144.42 billion, a PE ratio of 34.12, a price-to-earnings-growth ratio of 0.77 and a beta of 1.36. Uber Technologies, Inc. has a 52-week low of $54.84 and a 52-week high of $87.00. The stock has a fifty day simple moving average of $65.86 and a 200-day simple moving average of $70.26. 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 (NYSE:UBER) last announced its earnings results on Thursday, October 31st. The ride-sharing company reported $1.20 EPS for the quarter, beating analysts’ consensus estimates of $0.41 by $0.79. Uber Technologies had a return on equity of 33.46% and a net margin of 10.49%. The firm had revenue of $11.19 billion for the quarter, compared to analysts’ expectations of $10.99 billion. During the same quarter in the prior year, the firm earned $0.10 EPS. Uber Technologies’s quarterly revenue was up 20.4% on a year-over-year basis. On average, equities research analysts expect that Uber Technologies, Inc. will post 1.86 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Uber Technologies news, insider Jill Hazelbaker sold 27,780 shares of the business’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $72.90, for a total transaction of $2,025,162.00. Following the completion of the sale, the insider now owns 107,289 shares of the company’s stock, valued at approximately $7,821,368.10. The trade was a 20.57 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 3.84% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

UBER has been the topic of a number of recent analyst reports. Tigress Financial increased their price target on shares of Uber Technologies from $96.00 to $103.00 and gave the company a “buy” rating in a report on Monday, November 25th. Oppenheimer increased their target price on Uber Technologies from $90.00 to $95.00 and gave the company an “outperform” rating in a research note on Friday, September 27th. UBS Group boosted their price target on Uber Technologies from $102.00 to $114.00 and gave the stock a “buy” rating in a research note on Friday, October 18th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $90.00 price objective on shares of Uber Technologies in a research report on Wednesday, December 18th. Finally, Wolfe Research upped their target price on shares of Uber Technologies from $90.00 to $92.00 and gave the company an “outperform” rating in a research note on Friday, January 3rd. Seven research analysts have rated the stock with a hold rating, thirty-one have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Uber Technologies currently has a consensus rating of “Moderate Buy” and a consensus target price of $91.53.

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.