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Bailard Inc. heavily invested in Uber, boosting shares by 95.1%, despite mixed analyst reviews.
Bailard Inc. significantly increased its stock position in Uber Technologies, raising its shares by 95.1% to 292,442 shares, valued at $17.64 million.
Several other institutional investors also boosted their stakes.
Despite insider Jill Hazelbaker selling 31,000 shares, 80.24% of Uber's stock remains owned by hedge funds and institutional investors.
Analysts gave mixed reviews, with some lowering price targets but maintaining "buy" ratings.
Uber reported a strong quarter with earnings per share of $3.21, far surpassing expectations.
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Bailard Inc. invirtió fuertemente en Uber, aumentando las acciones en un 95,1%, a pesar de las críticas de analistas mixtos.