Brookstone Capital Management Has $12.09 Million Position in Uber Technologies, Inc. (NYSE:UBER)

Brookstone Capital Management raised its stake in shares of Uber Technologies, Inc. (NYSE:UBER) by 15.7% in the 4th quarter, Holdings Channel.com reports. 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 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of UBER. Fiduciary Alliance LLC grew its position in shares of Uber Technologies by 5.9% in the 4th quarter. Fiduciary Alliance LLC now owns 9,068 shares of the ride-sharing company’s stock valued at $547,000 after purchasing an additional 502 shares during the period. Czech National Bank grew its position in shares of Uber Technologies by 6.7% in the 4th quarter. Czech National Bank now owns 456,560 shares of the ride-sharing company’s stock valued at $27,540,000 after purchasing an additional 28,577 shares during the period. RMR Wealth Builders grew its position in shares of Uber Technologies by 13.7% in the 4th quarter. RMR Wealth Builders now owns 15,482 shares of the ride-sharing company’s stock valued at $934,000 after purchasing an additional 1,869 shares during the period. Harbor Capital Advisors Inc. acquired a new position in shares of Uber Technologies in the 4th quarter valued at approximately $638,000. Finally, ST Germain D J Co. Inc. grew its position in shares of Uber Technologies by 4.4% in the 4th quarter. ST Germain D J Co. Inc. now owns 302,861 shares of the ride-sharing company’s stock valued at $18,269,000 after purchasing an additional 12,688 shares during the period. 80.24% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

UBER has been the topic of several research reports. The Goldman Sachs Group restated a “buy” rating and issued a $96.00 target price on shares of Uber Technologies in a research note on Thursday, January 2nd. Daiwa America cut Uber Technologies from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 17th. Wells Fargo & Company cut their target price on Uber Technologies from $97.00 to $90.00 and set an “overweight” rating on the stock in a research note on Friday, November 1st. Truist Financial cut their target price on Uber Technologies from $99.00 to $95.00 and set a “buy” rating on the stock in a research note on Friday, November 1st. Finally, Tigress Financial boosted their target price on Uber Technologies from $96.00 to $103.00 and gave the company a “buy” rating in a research note on Monday, November 25th. Seven analysts have rated the stock with a hold rating, thirty-one have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Uber Technologies presently has a consensus rating of “Moderate Buy” and an average price target of $91.53.

Uber Technologies Stock Performance

UBER opened at $65.74 on Tuesday. The firm has a market cap of $138.43 billion, a P/E ratio of 32.71, a price-to-earnings-growth ratio of 0.75 and a beta of 1.36. Uber Technologies, Inc. has a 52-week low of $54.84 and a 52-week high of $87.00. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.41 and a current ratio of 1.41. The business’s fifty day moving average is $66.76 and its 200-day moving average is $70.48.

Uber Technologies (NYSE:UBER) last released its earnings results on Thursday, October 31st. The ride-sharing company reported $1.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.41 by $0.79. The company had revenue of $11.19 billion for the quarter, compared to analyst estimates of $10.99 billion. Uber Technologies had a return on equity of 33.46% and a net margin of 10.49%. Uber Technologies’s quarterly revenue was up 20.4% on a year-over-year basis. During the same period in the prior year, the firm posted $0.10 EPS. Sell-side analysts expect that Uber Technologies, Inc. will post 1.89 EPS for the current fiscal year.

Insider Activity at Uber Technologies

In related news, insider Jill Hazelbaker sold 27,780 shares of the firm’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $72.90, for a total value of $2,025,162.00. Following the sale, the insider now directly owns 107,289 shares of the company’s stock, valued at $7,821,368.10. This trade represents a 20.57 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 3.84% of the stock is currently owned by insiders.

About Uber Technologies

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.