Public Employees Retirement System of Ohio acquired a new position in Uber Technologies Inc (NYSE:UBER) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 106,810 shares of the ride-sharing company’s stock, valued at approximately $4,954,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the business. AE Wealth Management LLC bought a new position in shares of Uber Technologies in the 2nd quarter worth about $564,000. Westpac Banking Corp bought a new position in shares of Uber Technologies in the 2nd quarter worth about $690,000. Creative Planning bought a new position in shares of Uber Technologies in the 2nd quarter worth about $482,000. Enlightenment Research LLC bought a new position in shares of Uber Technologies in the 2nd quarter worth about $543,000. Finally, Signaturefd LLC bought a new position in shares of Uber Technologies in the 2nd quarter worth about $31,000. Institutional investors and hedge funds own 45.32% of the company’s stock.

Shares of NYSE UBER traded down $1.04 during trading on Friday, reaching $33.03. 156,601 shares of the company traded hands, compared to its average volume of 9,233,832. The firm’s 50 day moving average price is $36.63. The company has a quick ratio of 2.57, a current ratio of 2.57 and a debt-to-equity ratio of 0.36. Uber Technologies Inc has a 52-week low of $30.67 and a 52-week high of $47.08.

Uber Technologies (NYSE:UBER) last announced its quarterly earnings results on Thursday, August 8th. The ride-sharing company reported ($4.72) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($3.33) by ($1.39). The firm had revenue of $3.17 billion for the quarter, compared to analysts’ expectations of $3.39 billion. The firm’s revenue was up 14.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($2.01) earnings per share. As a group, equities research analysts anticipate that Uber Technologies Inc will post -7.2 EPS for the current fiscal year.

Several brokerages recently issued reports on UBER. Cross Research began coverage on shares of Uber Technologies in a research note on Tuesday, May 28th. They issued a “hold” rating for the company. CIBC began coverage on shares of Uber Technologies in a research note on Tuesday, June 4th. They issued an “outperform” rating and a $55.00 price target for the company. DA Davidson decreased their price target on shares of Uber Technologies to $46.00 and set a “buy” rating for the company in a research note on Friday, May 31st. Northcoast Research began coverage on shares of Uber Technologies in a research report on Thursday, June 20th. They set a “neutral” rating on the stock. Finally, HSBC began coverage on shares of Uber Technologies in a research report on Monday, July 22nd. They set a “hold” rating and a $49.00 price objective on the stock. Ten equities research analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $53.50.

Uber Technologies Company 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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