Hillhouse Capital Management LTD. Makes New Investment in Uber Technologies Inc (NYSE:UBER)

Hillhouse Capital Management LTD. acquired a new position in shares of Uber Technologies Inc (NYSE:UBER) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 15,035,487 shares of the ride-sharing company’s stock, valued at approximately $697,346,000. Uber Technologies makes up about 22.3% of Hillhouse Capital Management LTD.’s investment portfolio, making the stock its 2nd biggest position. Hillhouse Capital Management LTD. owned 0.88% of Uber Technologies at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of UBER. Legacy Advisors LLC bought a new position in shares of Uber Technologies during the second quarter valued at approximately $26,000. Avestar Capital LLC acquired a new stake in shares of Uber Technologies in the second quarter valued at about $27,000. Sound Income Strategies LLC acquired a new stake in shares of Uber Technologies in the second quarter valued at about $28,000. Signaturefd LLC acquired a new stake in shares of Uber Technologies in the second quarter valued at about $31,000. Finally, Regal Wealth Group Inc. acquired a new stake in shares of Uber Technologies in the second quarter valued at about $32,000. Institutional investors own 45.32% of the company’s stock.

Several equities research analysts have recently issued reports on UBER shares. Royal Bank of Canada started coverage on Uber Technologies in a research report on Tuesday, June 4th. They issued an “outperform” rating and a $62.00 price target on the stock. Oppenheimer set a $55.00 price target on shares of Uber Technologies and gave the stock a “buy” rating in a research note on Friday, August 9th. DA Davidson cut 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. Barclays began coverage on shares of Uber Technologies in a research note on Tuesday, June 4th. They set an “overweight” rating and a $50.00 price target for the company. Finally, Canaccord Genuity began coverage on shares of Uber Technologies in a research note on Tuesday, June 4th. They set a “buy” rating and a $55.00 price target for the company. Nine equities research analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the company. Uber Technologies has an average rating of “Buy” and a consensus price target of $53.31.

Shares of Uber Technologies stock opened at $32.60 on Friday. The firm has a 50 day moving average of $35.00. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.57 and a quick ratio of 2.57. Uber Technologies Inc has a fifty-two week low of $30.67 and a fifty-two week high of $47.08.

Uber Technologies (NYSE:UBER) last released its earnings results on Thursday, August 8th. The ride-sharing company reported ($4.72) EPS 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. The business’s revenue for the quarter was up 14.4% on a year-over-year basis. During the same period in the previous year, the company earned ($2.01) earnings per share. Equities analysts predict that Uber Technologies Inc will post -7.08 earnings per share for the current fiscal year.

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.

See Also: Arbitrage

Want to see what other hedge funds are holding UBER? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Uber Technologies Inc (NYSE:UBER).

Institutional Ownership by Quarter for Uber Technologies (NYSE:UBER)

Receive News & Ratings for Uber Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Uber Technologies and related companies with MarketBeat.com's FREE daily email newsletter.



Comments


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit