Robeco Institutional Asset Management B.V. Acquires Shares of 1,010,739 Uber Technologies Inc (NYSE:UBER)

Robeco Institutional Asset Management B.V. acquired a new stake in shares of Uber Technologies Inc (NYSE:UBER) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 1,010,739 shares of the ride-sharing company’s stock, valued at approximately $46,878,000. Robeco Institutional Asset Management B.V. owned approximately 0.06% of Uber Technologies at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in UBER. Zions Bancorporation N.A. acquired a new position in shares of Uber Technologies in the 2nd quarter worth approximately $149,000. Gulf International Bank UK Ltd acquired a new position in shares of Uber Technologies in the 2nd quarter worth approximately $2,356,000. IFM Investors Pty Ltd acquired a new position in shares of Uber Technologies in the 2nd quarter worth approximately $608,000. Legacy Advisors LLC acquired a new position in shares of Uber Technologies in the 2nd quarter worth approximately $26,000. Finally, Quad Cities Investment Group LLC acquired a new position in shares of Uber Technologies in the 2nd quarter worth approximately $107,000. 0.21% of the stock is currently owned by institutional investors.

UBER has been the topic of several recent analyst reports. Atlantic Securities raised Uber Technologies from a “neutral” rating to an “overweight” rating and set a $40.40 target price on the stock in a report on Friday, May 31st. SunTrust Banks initiated coverage on Uber Technologies in a report on Tuesday, June 4th. They issued a “buy” rating and a $56.00 target price on the stock. Raymond James initiated coverage on Uber Technologies in a report on Wednesday, June 5th. They issued an “outperform” rating and a $50.00 target price on the stock. William Blair began coverage on Uber Technologies in a report on Tuesday, June 4th. They issued an “outperform” rating on the stock. Finally, Daiwa Capital Markets began coverage on Uber Technologies in a report on Tuesday, June 25th. They set a “neutral” rating on the stock. Nine analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $53.90.

NYSE:UBER traded down $1.27 during trading hours on Friday, hitting $40.04. 3,445,462 shares of the stock were exchanged, compared to its average volume of 5,960,632. The company’s 50 day moving average is $43.85. 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, May 30th. The ride-sharing company reported ($2.26) EPS for the quarter, beating the consensus estimate of ($2.39) by $0.13. The business had revenue of $3.10 billion for the quarter, compared to the consensus estimate of $3.08 billion. The company’s revenue for the quarter was up 19.9% on a year-over-year basis. Analysts forecast that Uber Technologies Inc will post -6.07 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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