First Republic Investment Management Inc. purchased a new position in shares of Uber Technologies Inc (NYSE:UBER) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 9,422 shares of the ride-sharing company’s stock, valued at approximately $437,000.
A number of other institutional investors have also recently added to or reduced their stakes in UBER. Legacy Advisors LLC bought a new stake in shares of Uber Technologies in the 2nd quarter valued at $26,000. Avestar Capital LLC acquired a new stake in Uber Technologies in the 2nd quarter valued at $27,000. Sound Income Strategies LLC acquired a new stake in Uber Technologies in the 2nd quarter valued at $28,000. Signaturefd LLC acquired a new stake in Uber Technologies in the 2nd quarter valued at $31,000. Finally, Regal Wealth Group Inc. acquired a new stake in Uber Technologies in the 2nd quarter valued at $32,000. Hedge funds and other institutional investors own 45.32% of the company’s stock.
Shares of NYSE:UBER traded down $0.82 during trading on Friday, reaching $33.25. 9,420,594 shares of the company traded hands, compared to its average volume of 9,233,832. Uber Technologies Inc has a 52-week low of $30.67 and a 52-week high of $47.08. The company has a debt-to-equity ratio of 0.36, a quick ratio of 2.57 and a current ratio of 2.57. The firm’s fifty day simple moving average is $36.63.
Uber Technologies (NYSE:UBER) last released its quarterly earnings data on Thursday, August 8th. The ride-sharing company reported ($4.72) earnings per share for the quarter, missing analysts’ consensus estimates of ($3.33) by ($1.39). The firm had revenue of $3.17 billion during the quarter, compared to analysts’ expectations of $3.39 billion. The business’s revenue for the quarter was up 14.4% on a year-over-year basis. During the same period in the previous year, the business posted ($2.01) earnings per share. Research analysts predict that Uber Technologies Inc will post -7.2 EPS for the current year.
A number of research firms have issued reports on UBER. Raymond James lifted their price objective on shares of Uber Technologies from $50.00 to $54.00 and gave the stock an “outperform” rating in a report on Friday, August 9th. SunTrust Banks set a $56.00 price objective on shares of Uber Technologies and gave the stock a “buy” rating in a report on Friday, August 9th. Barclays began coverage on shares of Uber Technologies in a report on Tuesday, June 4th. They set an “overweight” rating and a $50.00 price objective on the stock. New Street Research began coverage on shares of Uber Technologies in a report on Thursday, May 23rd. They set a “buy” rating and a $50.00 price objective on the stock. Finally, Mizuho initiated coverage on shares of Uber Technologies in a report on Tuesday, June 4th. They set a “buy” rating and a $50.00 price objective on the stock. Ten equities research analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $53.50.
Uber Technologies Profile
Uber Technologies, Inc develops and supports proprietary technology applications that enable independent providers of ridesharing, and meal preparation and delivery services to transact with end-users worldwide. The company operates in two segments, Core Platform and Other Bets. Its driver partners provide ridesharing services through a range of vehicles, such as cars, auto rickshaws, motorbikes, minibuses, or taxis, as well as based on the number of riders under the UberBLACK, UberX, UberPOOL, Express POOL, and Uber Bus names; and restaurant and delivery partners provide meal preparation and delivery services under the Uber Eats name.
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