Uber Technologies, Inc. (NYSE:UBER) Position Boosted by Merit Financial Group LLC

Merit Financial Group LLC increased its position in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 1,462.9% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 57,138 shares of the ride-sharing company's stock after purchasing an additional 53,482 shares during the quarter. Merit Financial Group LLC's holdings in Uber Technologies were worth $3,447,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Kieckhefer Group LLC acquired a new position in shares of Uber Technologies during the 4th quarter worth approximately $33,000. Financial Management Professionals Inc. raised its position in shares of Uber Technologies by 104.1% in the third quarter. Financial Management Professionals Inc. now owns 494 shares of the ride-sharing company's stock valued at $37,000 after buying an additional 252 shares during the last quarter. Transcendent Capital Group LLC raised its holdings in Uber Technologies by 3,928.6% in the 3rd quarter. Transcendent Capital Group LLC now owns 564 shares of the ride-sharing company's stock valued at $42,000 after acquiring an additional 550 shares during the last quarter. Fortitude Family Office LLC lifted its position in Uber Technologies by 84.7% during the third quarter. Fortitude Family Office LLC now owns 602 shares of the ride-sharing company's stock worth $45,000 after buying an additional 276 shares during the period. Finally, ORG Partners LLC grew its holdings in Uber Technologies by 142.9% in the 3rd quarter. ORG Partners LLC now owns 651 shares of the ride-sharing company's stock valued at $49,000 after buying an additional 383 shares during the period. 80.24% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. Bank of America increased their price objective on shares of Uber Technologies from $88.00 to $96.00 and gave the stock a "buy" rating in a report on Wednesday, October 23rd. Benchmark reiterated a "hold" rating on shares of Uber Technologies in a report on Friday, November 1st. Daiwa America downgraded Uber Technologies from a "strong-buy" rating to a "hold" rating in a report on Thursday, October 17th. Oppenheimer boosted their target price on shares of Uber Technologies from $90.00 to $95.00 and gave the stock an "outperform" rating in a research report on Friday, September 27th. Finally, Royal Bank of Canada increased their price target on Uber Technologies from $80.00 to $82.00 and gave the company an "outperform" rating in a report on Friday, November 1st. Seven equities research analysts have rated the stock with a hold rating, thirty-one have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $91.53.

Insider Activity at Uber Technologies

In related news, insider Jill Hazelbaker sold 27,780 shares of Uber Technologies stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $72.90, for a total value of $2,025,162.00. Following the transaction, the insider now owns 107,289 shares of the company's stock, valued at approximately $7,821,368.10. This trade represents a 20.57 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 3.80% of the company's stock.

Uber Technologies Price Performance

Shares of UBER stock traded down $1.28 during mid-day trading on Monday, hitting $67.30. 27,057,083 shares of the stock traded hands, compared to its average volume of 22,576,684. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.41 and a current ratio of 1.41. The firm has a market cap of $141.71 billion, a price-to-earnings ratio of 33.48, a price-to-earnings-growth ratio of 0.71 and a beta of 1.36. The company's 50-day simple moving average is $66.16 and its 200-day simple moving average is $70.33. 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 Thursday, October 31st. The ride-sharing company reported $1.20 EPS for the quarter, topping the consensus estimate of $0.41 by $0.79. Uber Technologies had a net margin of 10.49% and a return on equity of 33.46%. The firm had revenue of $11.19 billion for the quarter, compared to analysts' expectations of $10.99 billion. During the same period in the previous year, the business earned $0.10 earnings per share. Uber Technologies's revenue for the quarter was up 20.4% compared to the same quarter last year. As a group, equities research analysts expect that Uber Technologies, Inc. will post 1.9 earnings per share for the current 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.