Mercer Global Advisors Inc. ADV Buys 5,491 Shares of Uber Technologies, Inc. (NYSE:UBER)

Mercer Global Advisors Inc. ADV increased its position in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 2.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 200,013 shares of the ride-sharing company's stock after buying an additional 5,491 shares during the period. Mercer Global Advisors Inc. ADV's holdings in Uber Technologies were worth $12,065,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in UBER. Avion Wealth lifted its holdings in shares of Uber Technologies by 96.0% in the 4th quarter. Avion Wealth now owns 445 shares of the ride-sharing company's stock valued at $26,000 after purchasing an additional 218 shares during the last quarter. Transce3nd LLC acquired a new position in Uber Technologies in the fourth quarter valued at $27,000. Runnymede Capital Advisors Inc. acquired a new stake in shares of Uber Technologies during the fourth quarter worth about $28,000. GHP Investment Advisors Inc. increased its position in Uber Technologies by 85.1% in the 4th quarter. GHP Investment Advisors Inc. now owns 485 shares of the ride-sharing company's stock valued at $29,000 after acquiring an additional 223 shares during the period. Finally, Retirement Wealth Solutions LLC acquired a new stake in Uber Technologies during the 4th quarter worth approximately $35,000. Hedge funds and other institutional investors own 80.24% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. KeyCorp decreased their price target on Uber Technologies from $85.00 to $80.00 and set an "overweight" rating for the company in a report on Tuesday, April 15th. Benchmark reiterated a "hold" rating on shares of Uber Technologies in a research report on Friday, January 31st. JPMorgan Chase & Co. lowered their target price on shares of Uber Technologies from $90.00 to $80.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 8th. TD Cowen reduced their price target on shares of Uber Technologies from $90.00 to $88.00 and set a "buy" rating for the company in a research report on Tuesday, April 8th. Finally, Piper Sandler reaffirmed an "overweight" rating and issued a $87.00 price objective (up from $80.00) on shares of Uber Technologies in a research note on Tuesday, February 18th. Ten analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $89.81.

Insider Buying and Selling at Uber Technologies

In other news, insider Jill Hazelbaker sold 31,000 shares of the firm's stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $81.02, for a total transaction of $2,511,620.00. Following the completion of the sale, the insider now directly owns 86,973 shares of the company's stock, valued at $7,046,552.46. This trade represents a 26.28 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the stock in a transaction on Thursday, March 20th. The stock was sold at an average price of $75.00, for a total transaction of $206,250.00. Following the transaction, the chief financial officer now owns 22,162 shares in the company, valued at approximately $1,662,150. This trade represents a 11.04 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 77,154 shares of company stock valued at $5,793,869. 3.84% of the stock is currently owned by corporate insiders.

Uber Technologies Price Performance

Shares of NYSE:UBER traded down $1.78 during trading on Wednesday, reaching $84.05. The company had a trading volume of 31,460,619 shares, compared to its average volume of 23,164,527. The firm's fifty day moving average is $74.26 and its 200 day moving average is $71.47. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.41 and a current ratio of 1.07. The firm has a market capitalization of $175.81 billion, a PE ratio of 18.43, a price-to-earnings-growth ratio of 0.89 and a beta of 1.43. Uber Technologies, Inc. has a twelve month low of $54.84 and a twelve month high of $87.00.

Uber Technologies (NYSE:UBER - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The ride-sharing company reported $0.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $0.33. Uber Technologies had a return on equity of 62.60% and a net margin of 22.41%. The company had revenue of $11.53 billion for the quarter, compared to analysts' expectations of $11.61 billion. During the same period last year, the firm earned ($0.32) EPS. The firm's revenue for the quarter was up 13.8% on a year-over-year basis. On average, equities analysts forecast that Uber Technologies, Inc. will post 2.54 EPS for the current year.

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.