Semmax Financial Advisors Inc. Purchases Shares of 2,646 Uber Technologies Inc (NYSE:UBER)

Semmax Financial Advisors Inc. purchased a new stake in Uber Technologies Inc (NYSE:UBER) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 2,646 shares of the ride-sharing company’s stock, valued at approximately $123,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Legacy Advisors LLC purchased a new stake in Uber Technologies in the 2nd quarter valued at about $26,000. Sound Income Strategies LLC purchased a new stake in Uber Technologies in the 2nd quarter valued at about $28,000. Avestar Capital LLC purchased a new stake in Uber Technologies in the 2nd quarter valued at about $27,000. Signaturefd LLC purchased a new stake in Uber Technologies in the 2nd quarter valued at about $31,000. Finally, Regal Wealth Group Inc. purchased a new stake in Uber Technologies in the 2nd quarter valued at about $32,000. Institutional investors own 23.57% of the company’s stock.

Several analysts have commented on the company. Loop Capital assumed coverage on Uber Technologies in a report on Tuesday, June 4th. They issued a “buy” rating for the company. Canaccord Genuity initiated coverage on Uber Technologies in a report on Tuesday, June 4th. They set a “buy” rating and a $55.00 target price for the company. SunTrust Banks set a $56.00 target price on Uber Technologies and gave the stock a “buy” rating in a report on Friday, August 9th. Consumer Edge initiated coverage on Uber Technologies in a report on Tuesday, May 21st. They set an “equal weight” rating for the company. Finally, CIBC initiated coverage on Uber Technologies in a report on Tuesday, June 4th. They set an “outperform” rating and a $55.00 target price for the company. Nine research analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $53.98.

NYSE UBER traded down $0.57 on Friday, reaching $33.43. The company had a trading volume of 7,871,408 shares, compared to its average volume of 13,378,545. Uber Technologies Inc has a 1 year low of $32.92 and a 1 year high of $47.08. The firm’s 50-day moving average is $40.81. 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 (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 analysts’ expectations of $3.39 billion. The firm’s revenue for the quarter was up 14.4% compared to the same quarter last year. During the same period in the previous year, the company posted ($2.01) EPS. Sell-side analysts anticipate that Uber Technologies Inc will post -7.2 EPS 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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