Brookstone Capital Management Raises Stake in Uber Technologies, Inc. (NYSE:UBER)

Brookstone Capital Management lifted its position in shares of Uber Technologies, Inc. (NYSE:UBERGet Rating) by 8.8% during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 34,586 shares of the ride-sharing company’s stock after buying an additional 2,805 shares during the period. Brookstone Capital Management’s holdings in Uber Technologies were worth $773,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. MCF Advisors LLC purchased a new stake in Uber Technologies in the 1st quarter valued at about $27,000. Core Alternative Capital grew its holdings in Uber Technologies by 3,079.2% in the first quarter. Core Alternative Capital now owns 763 shares of the ride-sharing company’s stock valued at $27,000 after purchasing an additional 739 shares during the period. Oliver Lagore Vanvalin Investment Group acquired a new position in Uber Technologies during the first quarter worth approximately $32,000. Northern Oak Wealth Management Inc. purchased a new position in Uber Technologies during the fourth quarter worth approximately $34,000. Finally, Dravo Bay LLC purchased a new position in shares of Uber Technologies in the 1st quarter worth $34,000. Hedge funds and other institutional investors own 71.57% of the company’s stock.

Uber Technologies Stock Performance

Shares of NYSE UBER opened at $28.58 on Friday. Uber Technologies, Inc. has a 1 year low of $19.90 and a 1 year high of $48.88. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.98 and a current ratio of 0.98. The stock has a fifty day moving average price of $28.77 and a two-hundred day moving average price of $27.82. The firm has a market cap of $56.59 billion, a P/E ratio of -5.49 and a beta of 1.21.

Uber Technologies (NYSE:UBERGet Rating) last announced its earnings results on Tuesday, August 2nd. The ride-sharing company reported ($1.33) earnings per share for the quarter, missing the consensus estimate of ($0.25) by ($1.08). Uber Technologies had a negative net margin of 39.39% and a negative return on equity of 69.83%. The firm had revenue of $8.08 billion for the quarter, compared to the consensus estimate of $7.37 billion. During the same period in the prior year, the business earned $0.58 EPS. The company’s quarterly revenue was up 105.6% compared to the same quarter last year. Research analysts forecast that Uber Technologies, Inc. will post -4.66 EPS for the current fiscal year.

Insider Buying and Selling

In other Uber Technologies news, insider Tony West sold 4,167 shares of Uber Technologies stock in a transaction that occurred on Wednesday, September 14th. The shares were sold at an average price of $32.00, for a total value of $133,344.00. Following the transaction, the insider now owns 142,593 shares in the company, valued at $4,562,976. The transaction was disclosed in a document filed with the SEC, which is available at this link. Insiders own 4.06% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on UBER shares. Susquehanna lifted their target price on shares of Uber Technologies from $29.00 to $32.00 in a report on Wednesday, August 3rd. Mizuho dropped their target price on Uber Technologies from $58.00 to $46.00 and set a “buy” rating on the stock in a report on Wednesday, August 3rd. Cowen upped their price target on Uber Technologies to $76.00 in a report on Tuesday, August 9th. BTIG Research decreased their target price on shares of Uber Technologies from $55.00 to $35.00 and set a “buy” rating for the company in a research note on Tuesday, July 19th. Finally, Morgan Stanley lifted their price target on shares of Uber Technologies from $68.00 to $70.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 3rd. One analyst has rated the stock with a hold rating and twenty-seven have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $49.45.

Uber Technologies Profile

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Uber Technologies, Inc develops and operates proprietary technology applications in the United States, Canada, Latin America, Europe, the Middle East, Africa, and the Asia Pacific. It connects consumers with independent providers of ride services for ridesharing services; and connects riders and other consumers with restaurants, grocers, and other stores with delivery service providers for meal preparation, grocery, and other delivery services.

See Also

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Institutional Ownership by Quarter for Uber Technologies (NYSE:UBER)

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