1,733,747 Shares in Uber Technologies Inc (NYSE:UBER) Bought by Segantii Capital Management Ltd

Segantii Capital Management Ltd bought a new position in shares of Uber Technologies Inc (NYSE:UBER) during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund bought 1,733,747 shares of the ride-sharing company’s stock, valued at approximately $80,411,000. Uber Technologies comprises 7.1% of Segantii Capital Management Ltd’s holdings, making the stock its 4th biggest position.

A number of other hedge funds have also made changes to their positions in UBER. Legacy Advisors LLC acquired a new stake in Uber Technologies during the 2nd quarter worth about $26,000. Sound Income Strategies LLC acquired a new stake in Uber Technologies during the 2nd quarter worth about $28,000. Regal Wealth Group Inc. acquired a new stake in Uber Technologies during the 2nd quarter worth about $32,000. Reilly Financial Advisors LLC acquired a new stake in Uber Technologies during the 2nd quarter worth about $39,000. Finally, Gradient Investments LLC acquired a new stake in Uber Technologies during the 2nd quarter worth about $42,000. Hedge funds and other institutional investors own 0.21% of the company’s stock.

Shares of UBER stock traded down $0.91 on Friday, hitting $40.40. The company had a trading volume of 8,223,397 shares, compared to its average volume of 6,090,171. The company’s 50-day simple moving average is $43.79. Uber Technologies Inc has a twelve month low of $36.08 and a twelve month high of $47.08.

Uber Technologies (NYSE:UBER) last announced its quarterly earnings results 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 business had revenue of $3.10 billion during the quarter, compared to analysts’ expectations of $3.08 billion. The business’s revenue was up 19.9% on a year-over-year basis. As a group, research analysts expect that Uber Technologies Inc will post -6.07 EPS for the current year.

A number of brokerages have commented on UBER. Raymond James began coverage on Uber Technologies in a research report on Wednesday, June 5th. They set an “outperform” rating and a $50.00 price target for the company. Stifel Nicolaus began coverage on Uber Technologies in a research report on Tuesday, July 2nd. They set a “hold” rating and a $50.00 price target for the company. BTIG Research began coverage on Uber Technologies in a research report on Tuesday, June 4th. They set a “buy” rating and a $80.00 price target for the company. Royal Bank of Canada began coverage on Uber Technologies in a research report on Tuesday, June 4th. They set an “outperform” rating and a $62.00 price target for the company. Finally, Oppenheimer began coverage on Uber Technologies in a research report on Tuesday, June 4th. They set an “outperform” rating and a $55.00 price target for the company. Nine investment analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus 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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