Mercer Global Advisors Inc. ADV Purchases 9,230 Shares of Uber Technologies, Inc. (NYSE:UBER)

Mercer Global Advisors Inc. ADV lifted its position in shares of Uber Technologies, Inc. (NYSE:UBER) by 5.3% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 182,332 shares of the ride-sharing company’s stock after acquiring an additional 9,230 shares during the quarter. Mercer Global Advisors Inc. ADV’s holdings in Uber Technologies were worth $13,252,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. SYSTM Wealth Solutions LLC raised its stake in shares of Uber Technologies by 31.3% during the second quarter. SYSTM Wealth Solutions LLC now owns 64,811 shares of the ride-sharing company’s stock worth $4,710,000 after buying an additional 15,445 shares during the last quarter. Lingotto Investment Management LLP acquired a new stake in Uber Technologies during the 2nd quarter worth $5,712,000. E Fund Management Co. Ltd. raised its position in shares of Uber Technologies by 176.8% during the 2nd quarter. E Fund Management Co. Ltd. now owns 10,352 shares of the ride-sharing company’s stock valued at $752,000 after acquiring an additional 6,612 shares during the last quarter. Bradley Foster & Sargent Inc. CT lifted its stake in shares of Uber Technologies by 37.3% in the 2nd quarter. Bradley Foster & Sargent Inc. CT now owns 56,603 shares of the ride-sharing company’s stock valued at $4,114,000 after purchasing an additional 15,382 shares during the period. Finally, L & S Advisors Inc bought a new position in shares of Uber Technologies in the 2nd quarter worth $1,651,000. Institutional investors and hedge funds own 80.24% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on UBER. TD Cowen increased their target price on Uber Technologies from $88.00 to $90.00 and gave the company a “buy” rating in a research note on Tuesday, July 23rd. Piper Sandler lifted their price objective on shares of Uber Technologies from $86.00 to $88.00 and gave the stock an “overweight” rating in a research note on Tuesday, June 25th. Cantor Fitzgerald assumed coverage on shares of Uber Technologies in a research note on Thursday, September 5th. They issued an “overweight” rating and a $90.00 target price for the company. Evercore ISI lifted their price target on shares of Uber Technologies from $80.00 to $90.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 7th. Finally, Melius started coverage on shares of Uber Technologies in a research report on Monday, July 22nd. They issued a “hold” rating and a $77.00 price objective for the company. Four research analysts have rated the stock with a hold rating and thirty-one have assigned a buy rating to the company’s stock. According to MarketBeat, Uber Technologies has a consensus rating of “Moderate Buy” and an average target price of $87.60.

Uber Technologies Trading Up 2.4 %

NYSE UBER opened at $75.24 on Friday. Uber Technologies, Inc. has a 12 month low of $40.09 and a 12 month high of $82.14. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.72. The stock has a 50 day moving average of $69.57 and a 200-day moving average of $70.82. The company has a market cap of $158.07 billion, a PE ratio of 121.35, a PEG ratio of 1.27 and a beta of 1.33.

Uber Technologies (NYSE:UBER) last announced its quarterly earnings data on Tuesday, August 6th. The ride-sharing company reported $0.47 EPS for the quarter, beating analysts’ consensus estimates of $0.31 by $0.16. The company had revenue of $10.70 billion during the quarter, compared to the consensus estimate of $10.57 billion. Uber Technologies had a net margin of 5.02% and a return on equity of 17.06%. The company’s quarterly revenue was up 15.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.18 EPS. On average, equities research analysts anticipate that Uber Technologies, Inc. will post 1.06 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Dara Khosrowshahi sold 500,000 shares of the firm’s stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $71.91, for a total value of $35,955,000.00. Following the completion of the sale, the chief executive officer now directly owns 1,266,114 shares of the company’s stock, valued at $91,046,257.74. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other Uber Technologies news, insider Jill Hazelbaker sold 40,000 shares of the stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $72.00, for a total value of $2,880,000.00. Following the transaction, the insider now directly owns 127,352 shares of the company’s stock, valued at approximately $9,169,344. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Dara Khosrowshahi sold 500,000 shares of the business’s stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $71.91, for a total value of $35,955,000.00. Following the sale, the chief executive officer now owns 1,266,114 shares of the company’s stock, valued at approximately $91,046,257.74. The disclosure for this sale can be found here. Company insiders own 3.84% of the company’s stock.

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.