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.

Featured Story: Leveraged Buyout (LBO) Explained

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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Egypt- Uber Eats celebrates 1bn orders delivered to Eaters worldwide

(MENAFN – Daily News Egypt) In less than four years, Uber Eats has delivered 1bn Eats orders to more than 500 cities around the world, all while …

(MENAFN – Daily News Egypt) In less than four years, Uber Eats has delivered 1bn Eats orders to more than 500 cities around the world, all while keeping the average delivery time under 30 minutes.

Uber Eats is changing the way people eat by making food for all occasions, in any location, available for delivery at the push of a button.

Across Europe, the Middle East, and Africa, Uber Eats partners with 60,000+ restaurants in over 250+ cities, curating the best selection of restaurants – from household names like McDonald’s to the local family-run pizzeria.

The announcement comes as data reveals that the growing food delivery market–which is expected to be worth nearly $21bn by 2023–is playing an increasingly important role in the growth of small and medium sized restaurants. For the 70% of Uber Eats restaurants that are small and medium sized businesses, food delivery is expected and accounts for an increasing proportion of their overall revenue.

Uber Eats launched in Egypt in 2018, and has expanded its operations to 13 districts across Cairo while partnering with more than 1,000 restaurants to serve local consumers.

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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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Police: Uber driver deviated from route, locked doors

WEST CHESTER, Pennsylvania (WPVI) — An Uber driver is accused of repeatedly locking the doors to his vehicle while his passengers attempted to …
WEST CHESTER, Pennsylvania (WPVI) — An Uber driver is accused of repeatedly locking the doors to his vehicle while his passengers attempted to exit, authorities in Chester County said.

West Chester police have charged 33-year-old Zacharias Georgalis of Upper Darby, Delaware County with two counts of unlawful restraint and two counts of recklessly endangering another person.


Police said an officer was flagged down by two women around 2:45 a.m. Friday near the 300 block of Fassnaught Alley.

The women told the officer that their Uber driver deviated from the route of travel and locked the doors as they attempted to free themselves from the moving vehicle.


The two women pointed out the vehicle still in the alley.

Georgalis was taken into custody and remanded to the Chester County Prison on $20,000 bail.

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