150,100 Shares in Uber Technologies Inc (NYSE:UBER) Purchased by SeaTown Holdings Pte. Ltd.

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SeaTown Holdings Pte. Ltd. acquired a new position in shares of Uber Technologies Inc (NYSE:UBER) in the second quarter, according to the company in its most recent filing with the SEC. The firm acquired 150,100 shares of the ride-sharing company’s stock, valued at approximately $6,962,000. Uber Technologies makes up 1.3% of SeaTown Holdings Pte. Ltd.’s investment portfolio, making the stock its 25th biggest holding.

Other institutional investors also recently bought and sold shares of the company. AE Wealth Management LLC bought a new position in Uber Technologies during the 2nd quarter worth $564,000. Gulf International Bank UK Ltd bought a new position in shares of Uber Technologies in the second quarter worth $2,356,000. Zions Bancorporation N.A. bought a new position in shares of Uber Technologies in the second quarter worth $149,000. IFM Investors Pty Ltd bought a new position in shares of Uber Technologies in the second quarter worth $608,000. Finally, Legacy Advisors LLC bought a new position in shares of Uber Technologies in the second quarter worth $26,000. Hedge funds and other institutional investors own 5.52% of the company’s stock.

Shares of Uber Technologies stock traded down $0.50 on Tuesday, hitting $36.50. The stock had a trading volume of 667,139 shares, compared to its average volume of 9,001,954. Uber Technologies Inc has a twelve month low of $36.08 and a twelve month high of $47.08. The company has a 50 day moving average price of $42.99.

Uber Technologies (NYSE:UBER) last posted its earnings results on Thursday, August 8th. The ride-sharing company reported ($4.72) EPS for the quarter, missing the consensus estimate of ($3.33) by ($1.39). The firm had revenue of $3.17 billion during the quarter, compared to the consensus estimate of $3.39 billion. During the same quarter last year, the firm earned ($2.01) earnings per share. The company’s revenue was up 14.4% compared to the same quarter last year. Sell-side analysts predict that Uber Technologies Inc will post -6.46 EPS for the current year.

Several research analysts have recently issued reports on UBER shares. BTIG Research started coverage on Uber Technologies in a research note on Tuesday, June 4th. They issued a “buy” rating and a $80.00 price target for the company. Consumer Edge assumed coverage on Uber Technologies in a research report on Tuesday, May 21st. They issued an “equal weight” rating on the stock. Goldman Sachs Group assumed coverage on Uber Technologies in a research report on Tuesday, June 4th. They issued a “buy” rating and a $56.00 target price on the stock. Deutsche Bank assumed coverage on Uber Technologies in a research report on Tuesday, June 4th. They issued a “buy” rating and a $58.00 target price on the stock. Finally, Evercore ISI reaffirmed a “buy” rating on shares of Uber Technologies in a research report on Sunday. Nine research analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the stock. The company currently 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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