Schroder Investment Management Group Makes New Investment in Uber Technologies Inc (NYSE:UBER)

Schroder Investment Management Group purchased a new position in Uber Technologies Inc (NYSE:UBER) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 1,343 shares of the ride-sharing company’s stock, valued at approximately $62,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of UBER. Financial Advocates Investment Management purchased a new stake in Uber Technologies in the second quarter worth about $357,000. Allianz Asset Management GmbH bought a new stake in shares of Uber Technologies during the 2nd quarter worth approximately $52,584,000. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. acquired a new stake in Uber Technologies in the second quarter valued at $1,186,000. BB&T Securities LLC acquired a new stake in Uber Technologies in the 2nd quarter valued at about $3,127,000. Finally, Monashee Investment Management LLC acquired a new stake in shares of Uber Technologies in the second quarter valued at approximately $464,000. Institutional investors and hedge funds own 45.32% of the company’s stock.

NYSE:UBER traded up $1.00 during midday trading on Wednesday, hitting $34.51. The company’s stock had a trading volume of 5,834,729 shares, compared to its average volume of 9,644,546. Uber Technologies Inc has a fifty-two week low of $30.67 and a fifty-two week high of $47.08. The company’s 50 day simple moving average is $36.81. The company has a current ratio of 2.57, a quick ratio of 2.57 and a debt-to-equity ratio of 0.36.

Uber Technologies (NYSE:UBER) last released its quarterly earnings data on Thursday, August 8th. The ride-sharing company reported ($4.72) earnings per share for the quarter, missing analysts’ consensus estimates of ($3.33) by ($1.39). The business had revenue of $3.17 billion for the quarter, compared to the consensus estimate of $3.39 billion. During the same period last year, the firm earned ($2.01) earnings per share. The business’s quarterly revenue was up 14.4% compared to the same quarter last year. Equities research analysts predict that Uber Technologies Inc will post -7.2 earnings per share for the current fiscal year.

A number of research analysts have issued reports on the stock. Wedbush restated a “buy” rating and set a $58.00 target price on shares of Uber Technologies in a research report on Friday, August 9th. Wolfe Research initiated coverage on shares of Uber Technologies in a research report on Tuesday, June 4th. They set a “market perform” rating on the stock. Atlantic Securities raised Uber Technologies from a “neutral” rating to an “overweight” rating and set a $40.40 price objective for the company in a research note on Friday, May 31st. Evercore ISI restated a “buy” rating on shares of Uber Technologies in a report on Sunday, August 11th. Finally, New Street Research assumed coverage on Uber Technologies in a research note on Thursday, May 23rd. They set a “buy” rating and a $50.00 price objective on the stock. Nine investment analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price 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.

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

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