Legacy Advisors LLC bought a new position in shares of Uber Technologies Inc (NYSE:UBER) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 566 shares of the ride-sharing company’s stock, valued at approximately $26,000.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in UBER. Equitec Specialists LLC acquired a new position in Uber Technologies in the 2nd quarter valued at about $116,000. Zions Bancorporation N.A. acquired a new position in Uber Technologies in the 2nd quarter valued at about $149,000. DNB Asset Management AS acquired a new position in Uber Technologies in the 2nd quarter valued at about $1,109,000. Gulf International Bank UK Ltd bought a new stake in Uber Technologies in the 2nd quarter valued at about $2,356,000. Finally, Zweig DiMenna Associates LLC bought a new stake in Uber Technologies in the 2nd quarter valued at about $5,508,000. 5.52% of the stock is owned by hedge funds and other institutional investors.
A number of analysts have issued reports on UBER shares. Atlantic Securities raised shares of Uber Technologies from a “neutral” rating to an “overweight” rating and set a $40.40 price objective for the company in a report on Friday, May 31st. Bank of America assumed coverage on shares of Uber Technologies in a report on Tuesday, June 4th. They set a “buy” rating and a $53.00 price target for the company. Loop Capital began coverage on shares of Uber Technologies in a report on Tuesday, June 4th. They set a “buy” rating for the company. Citigroup began coverage on shares of Uber Technologies in a research note on Tuesday, June 4th. They issued a “neutral” rating and a $45.00 price objective for the company. Finally, Consumer Edge initiated coverage on shares of Uber Technologies in a research note on Tuesday, May 21st. They issued an “equal weight” rating for the company. Nine research analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $53.98.
Shares of Uber Technologies stock opened at $33.22 on Friday. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.57 and a quick ratio of 1.68. Uber Technologies Inc has a 1 year low of $32.92 and a 1 year high of $47.08. The company’s 50 day moving average is $42.48.
Uber Technologies (NYSE:UBER) last posted its quarterly earnings results on Thursday, August 8th. The ride-sharing company reported ($4.72) EPS for the quarter, missing the Zacks’ consensus estimate of ($3.33) by ($1.39). The company had revenue of $3.17 billion for the quarter, compared to the consensus estimate of $3.39 billion. The firm’s revenue was up 14.4% compared to the same quarter last year. During the same period in the prior year, the company earned ($2.01) EPS. Equities research analysts predict that Uber Technologies Inc will post -7.2 earnings per share for the current fiscal year.
About Uber Technologies
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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