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Charles Schwab Investment Management Inc. Acquires Shares of 805,838 Uber Technologies Inc (NYSE:UBER)

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Charles Schwab Investment Management Inc. bought a new position in shares of Uber Technologies Inc (NYSE:UBER) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 805,838 shares of the ride-sharing company’s stock, valued at approximately $37,375,000.

Several other institutional investors and hedge funds have also bought and sold shares of UBER. Jennison Associates LLC purchased a new stake in shares of Uber Technologies during the 2nd quarter valued at approximately $322,520,000. Janus Henderson Group PLC purchased a new stake in shares of Uber Technologies during the second quarter worth $319,050,000. KPCB DGF Associates LLC bought a new position in shares of Uber Technologies in the second quarter worth $134,538,000. Segantii Capital Management Ltd bought a new position in shares of Uber Technologies in the second quarter worth $80,411,000. Finally, Allianz Asset Management GmbH bought a new position in shares of Uber Technologies in the second quarter worth $52,584,000. Hedge funds and other institutional investors own 45.32% of the company’s stock.

Shares of NYSE:UBER opened at $33.51 on Wednesday. The company has a quick ratio of 2.57, a current ratio of 2.57 and a debt-to-equity ratio of 0.36. Uber Technologies Inc has a 52-week low of $30.67 and a 52-week high of $47.08. The stock has a fifty day moving average of $36.81.

Uber Technologies (NYSE:UBER) last released its quarterly earnings results on Thursday, August 8th. The ride-sharing company reported ($4.72) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($3.33) by ($1.39). The business had revenue of $3.17 billion during the quarter, compared to analyst estimates of $3.39 billion. During the same quarter last year, the firm earned ($2.01) EPS. The firm’s quarterly revenue was up 14.4% on a year-over-year basis. Sell-side analysts predict that Uber Technologies Inc will post -7.2 EPS for the current year.

UBER has been the topic of a number of analyst reports. CIBC assumed coverage on Uber Technologies in a research note on Tuesday, June 4th. They set an “outperform” rating and a $55.00 price objective on the stock. Raymond James lifted their target price on Uber Technologies from $50.00 to $54.00 and gave the company an “outperform” rating in a report on Friday, August 9th. HSBC initiated coverage on Uber Technologies in a research report on Monday, July 22nd. They set a “hold” rating and a $49.00 price target on the stock. Citigroup started coverage on shares of Uber Technologies in a research report on Tuesday, June 4th. They issued a “neutral” rating and a $45.00 price objective for the company. Finally, DA Davidson reduced their price objective on shares of Uber Technologies to $46.00 and set a “buy” rating for the company in a research note on Friday, May 31st. Nine analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the company. The company has an average rating of “Buy” and an average price target of $53.98.

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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Institutional Ownership by Quarter for Uber Technologies (NYSE:UBER)

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Neustar Strengthens Its Leadership with New Hires

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Kim joins Neustar from IRI Worldwide, a global provider of enterprise market solutions for the consumer product goods, retail, and healthcare industries.

Sterling, VA: Neustar®, Inc., a global information services company and leader in identity resolution, marketing intelligence, customer identity, and unified measurement for Fortune 500 brands, today announced the appointment of Gary Savoy as Vice President of Business Development and Steven Kim as Vice President of Data and Analytic Operations, Marketing Services for the Marketing Solutions business unit.

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Gary Savoy, VP of Business Development, Marketing Solutions

Savoy will evaluate emerging technology and trends, develop growth strategies, identify key partnerships and alliances, and evaluate and assemble a portfolio of technologies and services to create future product and solution offerings. He will report to Neustar Marketing Solutions Senior Vice President and General Manager Michael Schoen.

“Gary has an exceptional ability to identify, evaluate, and assemble technology, trends, strategy and relationships in order to capitalize on key differentiators with customers and emerging growth opportunities,” said Schoen. “He is an expert in TV, digital, and channel technologies. Generating more value and return on investment for our customers by leveraging emerging capabilities is a key component of our strategic priorities.”

Savoy has more than two decades of product, strategy, and business development experience, with significant expertise in customer identity. He joins Neustar from Dataxu where he was Vice President of Media. There he led the launch of OneView, the company’s ID management solution for audience-based targeting and unifying disparate distribution channels and consumer devices. He was responsible for managing strategy, sales, business development, application engineering, and operations. Prior to Dataxu, he worked for Comcast as Vice President of Data Platforms where he pioneered the first set-top-box viewing data platform used by advertisers to create TV data media plans based on viewer data and measure post campaign performance. Savoy has also held leadership positions including Vice President for Strategy and Development with AT&T Advanced Advertising Solutions and Head of the Consumer Package Goods (CPG) Vertical Team of Google, Inc.

”Neustar has an outstanding customer base and is a recognized leader in customer identity, marketing intelligence, and unified measurement capabilities,” said Savoy. “I look forward to capitalizing on those assets to unlock growth, capabilities, and customer value.”

Steven Kim, VP of Data and Analytic Operations, Marketing Solutions Services

Kim will lead the solution architecture, analytics modeling, and data management teams. This includes accelerating operational excellence and innovation and driving automation, quality and speed of deployment.  Kim will report to Neustar Vice President of Marketing Solutions Services Mike Finnerty.

“Steve is an industry veteran in the marketing analytics space who brings an extraordinary combination of experience creating high performing teams that span across technical problem solving and driving business value for clients as well as playing a key role interfacing with product and engineering to drive value-added products and business services,” said Finnerty.

Kim joins Neustar from IRI Worldwide, a global provider of enterprise market solutions for the consumer product goods, retail, and healthcare industries, where he served as an executive leading the Strategic Analytics practice having managed the commercial team and most recently the analytic operations team responsible for modeling, insights, data management, solution technology, and innovation. Prior to IRI, Kim was Retail and CPG vertical Vice President of Analytics for Merkle, the largest privately-held customer relationship marketing agency in the U.S. He led analytics, strategy and customer relationship marketing engagements with some of the largest CPG clients in the U.S. Before that Kim held leadership positions at Accenture as North American Lead of Marketing Analytics and Customer Insights, and Capital One as Senior Business Manager of Marketing and Analysis. Earlier in his career he worked for Ukrop’s Super Markets, Inc. and PepsiCo. Kim completed a PhD (ABD) in Research Methods/Organizational Behavior from Virginia Commonwealth University and received a Master of Business Administration with a concentration in Finance from the University of Richmond and a Bachelor of Arts in Business Administration, Marketing, from the College of William and Mary.

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“Neustar is an industry leader in Unified Measurement integrating multi-touch attribution (MTA) and marketing mix modeling”, said Kim. “They have played a key role in shifting their client base from outbound to intention marketing. I am impressed by the incredible talent of the Marketing Solutions team and their relentless focus on driving client value. I am excited to join and do my part in accelerating that value equation.”

Neustar Marketing Solutions help brands accurately identify their customers and prospects, create spectacular customer experiences, and measure the impact of their marketing across all channels.



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