Schroder Investment Management Group Invests $62,000 in Uber Technologies Inc (NYSE:UBER)
Schroder Investment Management Group acquired a new stake in Uber Technologies Inc (NYSE:UBER) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 1,343 shares of the ride-sharing company’s stock, valued at approximately $62,000.
A number of other hedge funds have also recently made changes to their positions in the business. Legacy Advisors LLC acquired a new stake in Uber Technologies during the second quarter worth approximately $26,000. Sound Income Strategies LLC bought a new position in shares of Uber Technologies during the second quarter worth about $28,000. Avestar Capital LLC bought a new position in Uber Technologies during the 2nd quarter worth approximately $27,000. Signaturefd LLC acquired a new position in Uber Technologies in the second quarter valued at $31,000. Finally, Regal Wealth Group Inc. acquired a new position in shares of Uber Technologies in the 2nd quarter valued at about $32,000. Hedge funds and other institutional investors own 45.32% of the company’s stock.
Several equities research analysts have recently commented on UBER shares. Daiwa Capital Markets initiated coverage on shares of Uber Technologies in a research report on Tuesday, June 25th. They set a “neutral” rating for the company. DA Davidson decreased their price objective on shares of Uber Technologies to $46.00 and set a “buy” rating for the company in a report on Friday, May 31st. William Blair started coverage on Uber Technologies in a research note on Tuesday, June 4th. They issued an “outperform” rating on the stock. Macquarie initiated coverage on shares of Uber Technologies in a research report on Tuesday, June 4th. They issued an “outperform” rating on the stock. Finally, Cowen increased their price objective on Uber Technologies from $58.00 to $60.00 and gave the stock a “positive” rating in a report on Friday, August 9th. Nine equities research analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $53.98.
Uber Technologies (NYSE:UBER) last posted its earnings results on Thursday, August 8th. The ride-sharing company reported ($4.72) earnings per share (EPS) for the quarter, missing the consensus estimate 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. Uber Technologies’s revenue for the quarter was up 14.4% on a year-over-year basis. During the same period in the prior year, the company posted ($2.01) EPS. As a group, equities analysts anticipate that Uber Technologies Inc will post -7.2 EPS for the current fiscal year.
Uber Technologies Company 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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