Jacobs & Co. CA bought a new stake in Uber Technologies Inc (NYSE:UBER) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 5,104 shares of the ride-sharing company’s stock, valued at approximately $236,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. AE Wealth Management LLC purchased a new stake in Uber Technologies in the second quarter valued at approximately $564,000. Gulf International Bank UK Ltd purchased a new stake in shares of Uber Technologies during the second quarter worth $2,356,000. Zions Bancorporation N.A. purchased a new stake in shares of Uber Technologies during the second quarter worth $149,000. IFM Investors Pty Ltd purchased a new stake in shares of Uber Technologies during the second quarter worth $608,000. Finally, Legacy Advisors LLC purchased a new stake in shares of Uber Technologies during the second quarter worth $26,000. 5.52% of the stock is currently owned by institutional investors.

Shares of UBER stock traded down $1.80 on Wednesday, reaching $34.65. 7,169,441 shares of the stock were exchanged, compared to its average volume of 14,132,587. The company’s 50 day moving average price is $42.87. Uber Technologies Inc has a twelve month low of $36.08 and a twelve month high of $47.08.

Uber Technologies (NYSE:UBER) last issued its earnings results on Thursday, August 8th. The ride-sharing company reported ($4.72) EPS for the quarter, missing analysts’ consensus estimates of ($3.33) by ($1.39). The company had revenue of $3.17 billion for the quarter, compared to analysts’ expectations of $3.39 billion. The company’s quarterly revenue was up 14.4% on a year-over-year basis. During the same period in the prior year, the firm posted ($2.01) EPS. As a group, equities analysts expect that Uber Technologies Inc will post -6.46 earnings per share for the current fiscal year.

A number of analysts have recently weighed in on the company. SunTrust Banks set a $56.00 price objective on Uber Technologies and gave the stock a “buy” rating in a research report on Friday, August 9th. Macquarie assumed coverage on Uber Technologies in a research report on Tuesday, June 4th. They set an “outperform” rating on the stock. HSBC assumed coverage on Uber Technologies in a research report on Monday, July 22nd. They set a “hold” rating and a $49.00 price objective on the stock. Citigroup assumed coverage on Uber Technologies in a research report on Tuesday, June 4th. They set a “neutral” rating and a $45.00 price objective on the stock. Finally, DA Davidson cut their price objective on Uber Technologies to $46.00 and set a “buy” rating on the stock in a research report on Friday, May 31st. Nine equities research analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $53.98.

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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