Merit Financial Group LLC Acquires Shares of 4,344 Uber Technologies, Inc. (NYSE:UBER)

Merit Financial Group LLC bought a new position in Uber Technologies, Inc. (NYSE:UBER) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 4,344 shares of the ride-sharing company’s stock, valued at approximately $267,000.

A number of other large investors have also made changes to their positions in UBER. OFI Invest Asset Management purchased a new stake in shares of Uber Technologies in the third quarter valued at $26,000. Ritter Daniher Financial Advisory LLC DE boosted its position in Uber Technologies by 2,545.5% during the 3rd quarter. Ritter Daniher Financial Advisory LLC DE now owns 582 shares of the ride-sharing company’s stock worth $27,000 after acquiring an additional 560 shares during the period. JFS Wealth Advisors LLC boosted its position in Uber Technologies by 319.4% during the 3rd quarter. JFS Wealth Advisors LLC now owns 650 shares of the ride-sharing company’s stock worth $30,000 after acquiring an additional 495 shares during the period. CVA Family Office LLC acquired a new position in shares of Uber Technologies in the 4th quarter valued at about $30,000. Finally, Highlander Capital Management LLC lifted its position in shares of Uber Technologies by 100.0% in the fourth quarter. Highlander Capital Management LLC now owns 500 shares of the ride-sharing company’s stock worth $31,000 after purchasing an additional 250 shares in the last quarter. Institutional investors and hedge funds own 80.24% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on UBER. Piper Sandler increased their price objective on Uber Technologies from $78.00 to $92.00 and gave the stock an “overweight” rating in a report on Friday, March 15th. Susquehanna raised their price target on Uber Technologies from $60.00 to $85.00 and gave the stock a “positive” rating in a research note on Thursday, February 8th. Gordon Haskett cut Uber Technologies from a “buy” rating to a “hold” rating and set a $66.00 price target for the company. in a research note on Wednesday, January 24th. Mizuho raised their price objective on shares of Uber Technologies from $77.00 to $83.00 and gave the company a “buy” rating in a research report on Thursday, February 8th. Finally, Oppenheimer reissued an “outperform” rating and issued a $90.00 target price on shares of Uber Technologies in a research report on Monday, April 29th. Two equities research analysts have rated the stock with a hold rating and twenty-nine have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $82.55.

Insider Buying and Selling at Uber Technologies

In other Uber Technologies news, insider Jill Hazelbaker sold 20,000 shares of the business’s stock in a transaction dated 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 directly owns 107,290 shares of the company’s stock, valued at approximately $8,350,380.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, insider Tony West sold 18,750 shares of the stock in a transaction on 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 transaction, the insider now owns 185,566 shares of the company’s stock, valued at approximately $13,004,465.28. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Jill Hazelbaker sold 20,000 shares of Uber Technologies stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $77.83, for a total value of $1,556,600.00. Following the sale, the insider now directly owns 107,290 shares of the company’s stock, valued at $8,350,380.70. The disclosure for this sale can be found here. Corporate insiders own 3.80% of the company’s stock.

Uber Technologies Stock Down 5.7 %

Shares of NYSE:UBER opened at $66.40 on Thursday. Uber Technologies, Inc. has a 12 month low of $37.07 and a 12 month high of $82.14. The firm has a market cap of $138.20 billion, a P/E ratio of 77.21, a P/E/G ratio of 1.09 and a beta of 1.39. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.79. The company’s 50-day moving average price is $74.80 and its two-hundred day moving average price is $65.83.

Uber Technologies (NYSE:UBER) last released its quarterly earnings results on Wednesday, February 7th. The ride-sharing company reported $0.66 EPS for the quarter, beating 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 business had revenue of $9.94 billion for the quarter, compared to analysts’ expectations of $9.76 billion. During the same period in the prior year, the firm earned $0.29 earnings per share. Uber Technologies’s revenue was up 15.4% compared to the same quarter last year. As a group, research analysts forecast that Uber Technologies, Inc. will post 1.23 EPS for the current fiscal year.

Uber Technologies Company 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.