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.
Featured Article: Resistance Level
Want to see what other hedge funds are holding UBER? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Uber Technologies Inc (NYSE:UBER).
Receive News & Ratings for Uber Technologies Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Uber Technologies and related companies with MarketBeat.com’s FREE daily email newsletter.