BB&T Securities LLC Purchases Shares of 67,432 Uber Technologies Inc (NYSE:UBER)

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BB&T Securities LLC purchased a new stake in shares of Uber Technologies Inc (NYSE:UBER) in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 67,432 shares of the ride-sharing company’s stock, valued at approximately $3,127,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in UBER. AE Wealth Management LLC bought a new position in shares of Uber Technologies in the 2nd quarter worth approximately $564,000. Creative Planning bought a new position in shares of Uber Technologies in the 2nd quarter worth approximately $482,000. Westpac Banking Corp bought a new position in shares of Uber Technologies in the 2nd quarter worth approximately $690,000. Enlightenment Research LLC bought a new position in shares of Uber Technologies in the 2nd quarter worth approximately $543,000. Finally, Gulf International Bank UK Ltd bought a new position in shares of Uber Technologies in the 2nd quarter worth approximately $2,356,000. 23.57% of the stock is owned by institutional investors and hedge funds.

Several brokerages have recently issued reports on UBER. DA Davidson decreased their target price on Uber Technologies to $46.00 and set a “buy” rating for the company in a research report on Friday, May 31st. New Street Research assumed coverage on Uber Technologies in a research report on Thursday, May 23rd. They set a “buy” rating and a $50.00 price objective for the company. Cowen raised their price objective on Uber Technologies from $58.00 to $60.00 and gave the company a “positive” rating in a research report on Friday, August 9th. Barclays assumed coverage on Uber Technologies in a research report on Tuesday, June 4th. They set an “overweight” rating and a $50.00 price objective for the company. Finally, Loop Capital assumed coverage on Uber Technologies in a research report on Tuesday, June 4th. They set a “buy” rating for the company. Nine equities research analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the stock. Uber Technologies has a consensus rating of “Buy” and a consensus target price of $53.98.

Shares of UBER opened at $32.57 on Friday. The company’s fifty day simple moving average is $39.35. The company has a current ratio of 2.57, a quick ratio of 2.57 and a debt-to-equity ratio of 0.36. Uber Technologies Inc has a 12 month low of $32.04 and a 12 month high of $47.08.

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

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

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