2,475 Shares in Uber Technologies Inc (NYSE:UBER) Acquired by Westside Investment Management Inc.

Westside Investment Management Inc. purchased a new position in Uber Technologies Inc (NYSE:UBER) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 2,475 shares of the ride-sharing company’s stock, valued at approximately $114,000.

Other institutional investors have also recently modified their holdings of the company. Segantii Capital Management Ltd acquired a new stake in Uber Technologies during the second quarter worth approximately $80,411,000. Robeco Institutional Asset Management B.V. acquired a new stake in Uber Technologies during the second quarter worth approximately $46,878,000. Commerzbank Aktiengesellschaft FI acquired a new stake in Uber Technologies during the second quarter worth approximately $9,923,000. Zweig DiMenna Associates LLC acquired a new stake in Uber Technologies during the second quarter worth approximately $5,508,000. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund acquired a new stake in Uber Technologies during the second quarter worth approximately $5,501,000. Institutional investors own 0.27% of the company’s stock.

Shares of Uber Technologies stock traded down $0.36 during trading on Tuesday, reaching $38.69. The company’s stock had a trading volume of 240,541 shares, compared to its average volume of 6,456,975. The stock has a 50-day moving average price of $43.58. Uber Technologies Inc has a fifty-two week low of $36.08 and a fifty-two week high of $47.08.

Uber Technologies (NYSE:UBER) last announced its quarterly earnings data on Thursday, May 30th. The ride-sharing company reported ($2.26) earnings per share (EPS) for the quarter, beating the consensus estimate of ($2.39) by $0.13. The firm had revenue of $3.10 billion during the quarter, compared to analyst estimates of $3.08 billion. Uber Technologies’s quarterly revenue was up 19.9% on a year-over-year basis. On average, equities analysts expect that Uber Technologies Inc will post -6.47 EPS for the current year.

UBER has been the topic of a number of research analyst reports. Macquarie initiated coverage on shares of Uber Technologies in a report on Tuesday, June 4th. They set an “outperform” rating on the stock. Daiwa Capital Markets initiated coverage on shares of Uber Technologies in a report on Tuesday, June 25th. They set a “neutral” rating on the stock. DA Davidson cut their price objective on shares of Uber Technologies to $46.00 and set a “buy” rating on the stock in a report on Friday, May 31st. Stifel Nicolaus initiated coverage on shares of Uber Technologies in a report on Tuesday, July 2nd. They set a “hold” rating and a $50.00 price objective on the stock. Finally, Barclays began coverage on shares of Uber Technologies in a report on Tuesday, June 4th. They set an “overweight” 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 given a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $53.90.

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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