Uber Technologies, Inc. (NYSE:UBER) Stock Holdings Increased by Brookstone Capital Management

Brookstone Capital Management lifted its stake in Uber Technologies, Inc. (NYSE:UBER) by 15.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 200,342 shares of the ride-sharing company’s stock after purchasing an additional 27,163 shares during the quarter. Brookstone Capital Management’s holdings in Uber Technologies were worth $12,085,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also made changes to their positions in UBER. Ascent Wealth Partners LLC bought a new position in Uber Technologies during the third quarter valued at approximately $2,087,000. Teachers Retirement System of The State of Kentucky raised its position in Uber Technologies by 4.4% during the third quarter. Teachers Retirement System of The State of Kentucky now owns 321,726 shares of the ride-sharing company’s stock valued at $24,180,000 after acquiring an additional 13,433 shares in the last quarter. Aviso Wealth Management acquired a new position in Uber Technologies during the third quarter valued at approximately $2,302,000. Brophy Wealth Management LLC acquired a new position in Uber Technologies during the third quarter valued at approximately $1,041,000. Finally, Sumitomo Mitsui Trust Group Inc. grew its holdings in Uber Technologies by 9.8% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 5,752,471 shares of the ride-sharing company’s stock valued at $432,356,000 after purchasing an additional 512,591 shares during the last quarter. 80.24% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have commented on UBER. JMP Securities downgraded Uber Technologies from an “outperform” rating to a “market perform” rating and set a $95.00 price target on the stock. in a report on Thursday, January 2nd. BMO Capital Markets reiterated an “outperform” rating and set a $92.00 price target on shares of Uber Technologies in a report on Friday, October 11th. Wells Fargo & Company lowered their price target on Uber Technologies from $97.00 to $90.00 and set an “overweight” rating on the stock in a report on Friday, November 1st. Daiwa Capital Markets downgraded Uber Technologies from an “outperform” rating to a “neutral” rating and set a $84.00 price target on the stock. in a report on Thursday, October 17th. Finally, Royal Bank of Canada increased their price target on Uber Technologies from $80.00 to $82.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Seven analysts have rated the stock with a hold rating, thirty-one have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $91.53.

Insiders Place Their Bets

In other Uber Technologies news, insider Jill Hazelbaker sold 27,780 shares of the business’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $72.90, for a total transaction of $2,025,162.00. Following the completion of the sale, the insider now directly owns 107,289 shares of the company’s stock, valued at approximately $7,821,368.10. The trade was a 20.57 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 3.84% of the company’s stock.

Uber Technologies Stock Performance

Uber Technologies stock opened at $65.74 on Tuesday. The stock has a 50-day simple moving average of $66.76 and a 200 day simple moving average of $70.48. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.70. Uber Technologies, Inc. has a 12-month low of $54.84 and a 12-month high of $87.00. The stock has a market capitalization of $138.43 billion, a price-to-earnings ratio of 32.71, a P/E/G ratio of 0.75 and a beta of 1.36.

Uber Technologies (NYSE:UBER) last announced its quarterly earnings data on Thursday, October 31st. The ride-sharing company reported $1.20 earnings per share for the quarter, topping the consensus estimate of $0.41 by $0.79. The firm had revenue of $11.19 billion during the quarter, compared to analysts’ expectations of $10.99 billion. Uber Technologies had a return on equity of 33.46% and a net margin of 10.49%. The company’s quarterly revenue was up 20.4% compared to the same quarter last year. During the same period in the previous year, the business posted $0.10 EPS. On average, research analysts anticipate that Uber Technologies, Inc. will post 1.89 earnings per share for the current fiscal year.

Uber Technologies Company Profile

Uber Technologies, Inc develops and operates proprietary technology applications in the United States, Canada, Latin America, Europe, the Middle East, Africa, and Asia excluding China and Southeast Asia. It operates through three segments: Mobility, Delivery, and Freight. The Mobility segment connects consumers with a range of transportation modalities, such as ridesharing, carsharing, micromobility, rentals, public transit, taxis, and other modalities; and offers riders in a variety of vehicle types, as well as financial partnerships products and advertising services.