See you at 19
faisal-mohammed
Posts
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If the focus on ride share only all of you are 100% correct it’s worthless up to 7$ for now and with current CEO and on other hand the last earning report shows 70% from food delivery it will provide a local food delivery for all impacted countries by epidemic isolation for the next month and that includes US with 20% markets share, Imagine overseas results for next quarter.
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The coronavirus outbreak is also proving the worth of food delivery, as fewer people may dine out, choosing instead to have the food delivered, but left at the door, of course.
Yet the broad availability of food delivery apps and the variety of ordering options means the market may be saturated, and Grubhub and the others may have reached their upper limits of utility.
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Who’s smarter than hedge funds?
Several hedge funds have recently modified their holdings of the company. Franklin Resources Inc. grew its stake in shares of Uber Technologies by 3.3% during the fourth quarter. Franklin Resources Inc. now owns 1,140,792 shares of the ride-sharing company’s stock worth $33,927,000 after acquiring an additional 36,940 shares during the last quarter. Nuveen Asset Management LLC grew its stake in shares of Uber Technologies by 306.6% during the fourth quarter. Nuveen Asset Management LLC now owns 2,546,152 shares of the ride-sharing company’s stock worth $75,723,000 after acquiring an additional 1,919,892 shares during the last quarter. Norges Bank purchased a new stake in shares of Uber Technologies during the fourth quarter worth about $271,810,000. Connor Clark & Lunn Investment Management Ltd. grew its stake in shares of Uber Technologies by 6.7% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 23,950 shares of the ride-sharing company’s stock worth $712,000 after acquiring an additional 1,500 shares during the last quarter. Finally, Macquarie Group Ltd. grew its stake in shares of Uber Technologies by 45.7% during the fourth quarter. Macquarie Group Ltd. now owns 443,433 shares of the ride-sharing company’s stock worth $13,188,000 after acquiring an additional 139,118 shares during the last quarter. Institutional investors and hedge funds own 58.81% of the company’s stock.
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