Avestar Capital LLC Makes New Investment in Uber Technologies Inc (NYSE:UBER)

Foundation Capital LLC bought a new position in shares of Uber Technologies during the second quarter valued at approximately $34,801,000.

Uber Technologies logoAvestar Capital LLC acquired a new stake in Uber Technologies Inc (NYSE:UBER) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 629 shares of the ride-sharing company’s stock, valued at approximately $27,000.

A number of other hedge funds have also modified their holdings of the business. Enlightenment Research LLC purchased a new stake in Uber Technologies during the second quarter valued at about $543,000. Burleson & Company LLC bought a new position in Uber Technologies in the second quarter worth about $289,000. National Asset Management Inc. bought a new position in shares of Uber Technologies during the second quarter valued at approximately $642,000. Foundation Capital LLC bought a new position in shares of Uber Technologies during the second quarter valued at approximately $34,801,000. Finally, State Board of Administration of Florida Retirement System bought a new position in shares of Uber Technologies during the second quarter valued at approximately $864,000. 45.32% of the stock is currently owned by institutional investors and hedge funds.

Uber Technologies stock traded down $0.82 during midday trading on Friday, hitting $33.25. 9,206,427 shares of the stock were exchanged, compared to its average volume of 8,745,539. The stock’s 50-day moving average price is $36.41. 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 fifty-two week low of $30.67 and a fifty-two week high of $47.08.

Uber Technologies (NYSE:UBER) last issued 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 company had revenue of $3.17 billion for the quarter, compared to the consensus estimate of $3.39 billion. During the same period in the prior year, the company earned ($2.01) EPS. The firm’s revenue was up 14.4% compared to the same quarter last year. As a group, analysts forecast that Uber Technologies Inc will post -7.2 EPS for the current year.

Several equities research analysts recently weighed in on UBER shares. Mizuho initiated coverage on shares of Uber Technologies in a research report on Tuesday, June 4th. They set a “buy” rating and a $50.00 price target for the company. Stifel Nicolaus began coverage on shares of Uber Technologies in a report on Tuesday, July 2nd. They issued a “hold” rating and a $50.00 target price on the stock. Needham & Company LLC set a $52.00 price target on shares of Uber Technologies and gave the stock a “buy” rating in a research note on Thursday, July 11th. Morgan Stanley decreased their price objective on shares of Uber Technologies from $57.00 to $53.00 and set an “overweight” rating on the stock in a research report on Thursday. They noted that the move was a valuation call. Finally, Canaccord Genuity started coverage on shares of Uber Technologies in a report on Tuesday, June 4th. They issued a “buy” rating and a $55.00 target price on the stock. Ten research analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $53.50.

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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Los Angeles Woman Kidnapped and Molested By Lyft Driver

A 38-year-old man, named Octavio Alvarez Gomez, has allegedly kidnapped and raped a Los Angeles woman. He picked her up from a bar last …

A 38-year-old man, named Octavio Alvarez Gomez, has allegedly kidnapped and raped a Los Angeles woman. He picked her up from a bar last October. His charges were announced on Friday by the Los Angeles County district attorney. The incident took place on 2nd October 2018 at roughly about 10 p.m.

Prosecutors revealed that Gomez was supposed to drive the woman to Van Nuys. But he didn’t drop her at the asked location. Instead, Octavio, the suspect drove the victim to a secluded place where he raped her. The woman was reported unconscious and unable to get hold of the situation.

The first charge imposed on the driver is on a count of kidnapping to commit rape and another on count of raping an unconscious person. Jail records show that Octavio was arrested on September 13th. Since then, he has remained in custody. His bail charges the amount to $1.1 million. The suspect pleads not guilty, but if convicted of the charges, he could serve life imprisonment.

Lyft, the company involved in the case, is a transportation network company. It is based in San Fransisco, California. It operates in 9 cities of Canada as well as 640 cities in the United States. Their registered mobile app is LYFT, which offers car rides, scooters, and bicycle rides. They also have a sharing system for the rides mentioned.

On acknowledging the incident, the transportation company said, “As soon as we received this information, we deactivated the driver and assisted in law enforcement with their investigation.” They further added, “Safety is fundamental to Lyft, and we don’t take lightly any instances where someone’s safety is compromised.”

Following the incident, Lyft said that they found the allegations terrifying. They passed another statement saying, “We continue to invest heavily in safety and welcome accountability and partnership to best protect our rider and driver community.”

Another incident that took place in august involves the same company. A San Bruno woman, aged 25 years, was raped in the driver’s vehicle by the Lyft driver after she passed out in the backseat as she was heavily intoxicated, as reported by the investigators.

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Comerica Bank Makes New $587000 Investment in Uber Technologies Inc (NYSE:UBER)

Comerica Bank bought a new position in shares of Uber Technologies Inc (NYSE:UBER) in the 2nd quarter, according to its most recent Form 13F …

Uber Technologies logoComerica Bank bought a new position in shares of Uber Technologies Inc (NYSE:UBER) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund bought 13,454 shares of the ride-sharing company’s stock, valued at approximately $587,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in UBER. Legacy Advisors LLC acquired a new position in shares of Uber Technologies during the 2nd quarter worth about $26,000. Sound Income Strategies LLC purchased a new stake in shares of Uber Technologies in the 2nd quarter valued at about $28,000. Signaturefd LLC purchased a new stake in shares of Uber Technologies in the 2nd quarter valued at about $31,000. Regal Wealth Group Inc. purchased a new stake in shares of Uber Technologies in the 2nd quarter valued at about $32,000. Finally, Trustcore Financial Services LLC purchased a new stake in shares of Uber Technologies in the 2nd quarter valued at about $36,000. 45.32% of the stock is owned by hedge funds and other institutional investors.

Shares of Uber Technologies stock traded down $0.82 during trading hours on Friday, reaching $33.25. 9,206,427 shares of the company’s stock were exchanged, compared to its average volume of 8,745,539. The company has a quick ratio of 2.57, a current ratio of 2.57 and a debt-to-equity ratio of 0.36. The company’s fifty day moving average is $36.41. Uber Technologies Inc has a 52-week low of $30.67 and a 52-week high of $47.08.

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

Several analysts have commented on the company. Barclays assumed coverage on Uber Technologies in a research note on Tuesday, June 4th. They set an “overweight” rating and a $50.00 price objective for the company. Daiwa Capital Markets assumed coverage on Uber Technologies in a research note on Tuesday, June 25th. They set a “neutral” rating for the company. Bank of America assumed coverage on Uber Technologies in a research note on Tuesday, June 4th. They set a “buy” rating and a $53.00 price objective for the company. Oppenheimer set a $55.00 price objective on Uber Technologies and gave the company a “buy” rating in a research note on Friday, August 9th. Finally, BTIG Research initiated coverage on Uber Technologies in a research report on Tuesday, June 4th. They set a “buy” rating and a $80.00 target price on the stock. Ten research analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average 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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A reckoning for the gig economy: Why Amazon and Uber are facing new scrutiny over contract …

From package delivery to ride-hailing, companies including Amazon and Uber are facing new scrutiny over their use of contract workers to power the …
Amazon announced its Delivery Service Partner network of independent package companies at an event last year in Seattle. (GeekWire Photo / Kurt Schlosser)

From package delivery to ride-hailing, companies including Amazon and Uber are facing new scrutiny over their use of contract workers to power the services they provide to consumers.

California is poised to enact a law that would force Uber and Lyft to treat drivers like employees as part of a broader push around the country to ensure app-based workers have broader labor protections. Meanwhile, three U.S. Senators are demanding answers from Amazon about its network of contractors and independent delivery companies that get packages to customers’ doors.

We discuss the implications of these developments, and what’s next, on this new episode of the GeekWire Podcast.

Plus, a Seattle startup is aiming to upend the smartphone market with a high-quality, low-priced alternative designed to be used for twice as many years as many people use their existing phones. The inside story of Taylor Swift’s beef with Microsoft’s chatbot. And we do our best to help Alexa come up with some answers to difficult questions.

Listen to the show above, or subscribe in your favorite podcast app.

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Lucknow’s Uber Driver, Vinod, Beautifully Sings ‘Nazar ke Saamne’ Song from Aashiqui, Will He Be …

A Twitter user uploaded a video of Vinod, an Uber driver from Uttar Pradesh on his social media account and oh boy, the man seems to be insanely …
Lucknow's Uber Driver, Vinod, Beautifully Sings 'Nazar ke Saamne' Song from Aashiqui, Will He Be the Next Ranu Mondal?

Vinod, an Uber driver for India beautifully sings Aashiqui song (Photo Credits: Instagram/Twitter)

India is a land of talent and we don’t restrict ourselves to the ones who participate in India’s Got Talent. The less-fortunate ones, who are unable to gather any courage to face a huge crowd or manage to reach the audition venue are equally talented and they just need the right opportunity to flaunt their skills. An ordinary lady from West Bengal, Ranu Mondal is a classic example of how talent can take you places. And this Uber driver from Lucknow deserves to join her league.

A Twitter user uploaded a video of Vinod, an Uber driver from Uttar Pradesh on his social media account and oh boy, the man seems to be insanely talented. You can hear him sing ‘Nazar ke Saamne‘ in the video and his voice is nothing less than a melody for our ears. We are unaware of his music training but he still comes across as a strong and worthy talent. We have not verified the authenticity of the video and are sharing the original video as tweeted by the user.

A normal and casual video shot at a railway station was Ranu Mondal’s ticket to Bollywood and we hope Vinod is able to follow her suit. Uber Driver Menzi Mngoma Becomes Opera Sensation in South Africa After His Video Goes Viral, to Record a Single Soon!

Check out his singing video

Met an @Uber_India driver Vinod ji in Lucknow. He is an amazing singer and asked to sing a song for me after finishing his ride. Aur kya chaiye.

Please watch this video and make him famous. He is also having his own @YouTube@youtubemusic channel. #Lucknow#Uberpic.twitter.com/G4zu8u2531

— #SavePriyanshu (@crowngaurav) September 14, 2019

As per the tweet, he also has his own YouTube channel, though the user forgot to mention his channel’s name. However, we did search for him on the site and voila, here he is.

Check out his YouTube videos

We hope Udit Narayan and Kumar Sanu will hear this

All Shah Rukh Khan fans, this one’s for you

In any case, let’s hope somebody appreciates his talent and gives him a chance to use his talent the right way.

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