Winslow Evans & Crocker Inc. Takes $48,000 Position in Uber Technologies Inc (NYSE:UBER)

Winslow Evans & Crocker Inc. purchased a new stake in Uber Technologies Inc (NYSE:UBER) in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 1,000 shares of the ride-sharing company’s stock, valued at approximately $48,000.

Several other institutional investors also recently added to or reduced their stakes in UBER. Zweig DiMenna Associates LLC acquired a new position in Uber Technologies during the second quarter worth $5,508,000. Fjarde AP Fonden Fourth Swedish National Pension Fund acquired a new position in Uber Technologies during the second quarter worth $5,501,000. Gulf International Bank UK Ltd acquired a new position in Uber Technologies during the second quarter worth $2,356,000. Clear Street Markets LLC acquired a new position in Uber Technologies during the second quarter worth $2,319,000. Finally, DNB Asset Management AS acquired a new position in Uber Technologies during the second quarter worth $1,109,000. Institutional investors own 0.21% of the company’s stock.

Several research analysts recently commented on UBER shares. SunTrust Banks began coverage on shares of Uber Technologies in a report on Tuesday, June 4th. They set a “buy” rating and a $56.00 target price for the company. BTIG Research began coverage on shares of Uber Technologies in a research note on Tuesday, June 4th. They issued a “buy” rating and a $80.00 price target for the company. Goldman Sachs Group began coverage on shares of Uber Technologies in a research note on Tuesday, June 4th. They issued a “buy” rating and a $56.00 price target for the company. Citigroup began coverage on shares of Uber Technologies in a research note on Tuesday, June 4th. They issued a “neutral” rating and a $45.00 price target for the company. Finally, Consumer Edge began coverage on shares of Uber Technologies in a research note on Tuesday, May 21st. They issued an “equal weight” rating for the company. Nine investment analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $53.90.

Shares of UBER traded down $1.27 during trading hours on Friday, hitting $40.04. The company had a trading volume of 3,445,462 shares, compared to its average volume of 5,960,632. The stock has a fifty day moving average price of $43.85. Uber Technologies Inc has a 12 month low of $36.08 and a 12 month high of $47.08.

Uber Technologies (NYSE:UBER) last issued its quarterly earnings data on Thursday, May 30th. The ride-sharing company reported ($2.26) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($2.39) by $0.13. The company had revenue of $3.10 billion during the quarter, compared to the consensus estimate of $3.08 billion. Uber Technologies’s revenue was up 19.9% compared to the same quarter last year. As a group, sell-side analysts expect that Uber Technologies Inc will post -6.07 EPS for the current year.

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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