Schroder Investment Management Group Buys Shares of 1,343 Uber Technologies Inc (NYSE:UBER)

Schroder Investment Management Group bought a new stake in Uber Technologies Inc (NYSE:UBER) during the second quarter, HoldingsChannel.com reports. The institutional investor bought 1,343 shares of the ride-sharing company’s stock, valued at approximately $62,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. SB Investment Advisers UK Ltd. acquired a new stake in shares of Uber Technologies during the 2nd quarter valued at approximately $10,306,943,000. BlackRock Inc. acquired a new stake in shares of Uber Technologies during the 2nd quarter valued at approximately $1,020,876,000. Dragoneer Investment Group LLC acquired a new stake in shares of Uber Technologies during the 2nd quarter valued at approximately $986,048,000. Morgan Stanley acquired a new stake in shares of Uber Technologies during the 2nd quarter valued at approximately $960,067,000. Finally, ICONIQ Capital LLC acquired a new stake in shares of Uber Technologies during the 2nd quarter valued at approximately $737,300,000. 45.33% of the stock is currently owned by institutional investors.

Several equities research analysts recently issued reports on UBER shares. Raymond James set a $54.00 price target on Uber Technologies and gave the company a “buy” rating in a research report on Monday, September 30th. Northcoast Research started coverage on Uber Technologies in a research report on Thursday, June 20th. They set a “neutral” rating on the stock. HSBC raised Uber Technologies from a “hold” rating to a “buy” rating and dropped their price target for the company from $49.00 to $44.00 in a research report on Monday, September 16th. SunTrust Banks set a $56.00 price target on Uber Technologies and gave the company a “buy” rating in a research report on Friday, August 9th. Finally, MKM Partners started coverage on Uber Technologies in a research report on Wednesday. They set a “neutral” rating and a $32.00 price target on the stock. Eleven investment analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $52.15.

Shares of UBER opened at $29.67 on Friday. The stock’s fifty day moving average is $32.65. 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 12 month low of $28.31 and a 12 month high of $47.08.

Uber Technologies (NYSE:UBER) last released its quarterly earnings results on Thursday, August 8th. The ride-sharing company reported ($4.72) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($3.33) by ($1.39). The firm had revenue of $3.17 billion during the quarter, compared to the consensus estimate of $3.39 billion. During the same period last year, the firm posted ($2.01) earnings per share. The business’s quarterly revenue was up 14.4% on a year-over-year basis. On average, equities analysts forecast that Uber Technologies Inc will post -7.08 earnings per share for the current fiscal year.

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

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