Hillhouse Capital Management LTD. Purchases Shares of 15,035,487 Uber Technologies Inc (NYSE:UBER)

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Hillhouse Capital Management LTD. purchased a new stake 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 purchased 15,035,487 shares of the ride-sharing company’s stock, valued at approximately $697,346,000. Uber Technologies accounts for approximately 22.3% of Hillhouse Capital Management LTD.’s portfolio, making the stock its 2nd biggest position.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Legacy Advisors LLC acquired a new position in Uber Technologies in the 2nd quarter valued at approximately $26,000. Sound Income Strategies LLC acquired a new position in Uber Technologies in the 2nd quarter valued at approximately $28,000. Avestar Capital LLC acquired a new position in Uber Technologies in the 2nd quarter valued at approximately $27,000. Signaturefd LLC acquired a new position in Uber Technologies in the 2nd quarter valued at approximately $31,000. Finally, Regal Wealth Group Inc. acquired a new position in Uber Technologies in the 2nd quarter valued at approximately $32,000. Hedge funds and other institutional investors own 45.32% of the company’s stock.

UBER has been the subject of several recent analyst reports. SunTrust Banks set a $56.00 price objective on shares of Uber Technologies and gave the stock a “buy” rating in a research report on Friday, August 9th. Northcoast Research started coverage on shares of Uber Technologies in a report on Thursday, June 20th. They issued a “neutral” rating for the company. Wolfe Research started coverage on shares of Uber Technologies in a report on Tuesday, June 4th. They issued a “market perform” rating for the company. Royal Bank of Canada started coverage on shares of Uber Technologies in a report on Tuesday, June 4th. They issued an “outperform” rating and a $62.00 price target for the company. Finally, Loop Capital reduced their price target on shares of Uber Technologies from $54.00 to $48.00 and set a “buy” rating for the company in a report on Thursday, September 12th. Nine research analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $53.31.

Uber Technologies stock opened at $32.60 on Friday. Uber Technologies Inc has a 1-year low of $30.67 and a 1-year high of $47.08. The firm has a fifty day simple moving average of $35.00. The company has a debt-to-equity ratio of 0.36, a quick ratio of 2.57 and a current ratio of 2.57.

Uber Technologies (NYSE:UBER) last released its quarterly earnings data on Thursday, August 8th. The ride-sharing company reported ($4.72) earnings per share for the quarter, missing analysts’ consensus estimates of ($3.33) by ($1.39). The business had revenue of $3.17 billion for the quarter, compared to analysts’ expectations of $3.39 billion. During the same quarter last year, the business earned ($2.01) earnings per share. The company’s quarterly revenue was up 14.4% on a year-over-year basis. Equities research analysts predict that Uber Technologies Inc will post -7.08 EPS for the current year.

Uber Technologies 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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