Brookstone Capital Management Buys 27,163 Shares of Uber Technologies, Inc. (NYSE:UBER)

Brookstone Capital Management lifted its holdings in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 15.7% during the 4th quarter, according to its most recent disclosure with the 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 SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in UBER. GHP Investment Advisors Inc. lifted its stake in Uber Technologies by 222.7% in the second quarter. GHP Investment Advisors Inc. now owns 355 shares of the ride-sharing company's stock worth $26,000 after acquiring an additional 245 shares during the last quarter. Fairfield Financial Advisors LTD purchased a new stake in shares of Uber Technologies during the 2nd quarter worth $36,000. Financial Management Professionals Inc. grew its stake in shares of Uber Technologies by 104.1% during the third quarter. Financial Management Professionals Inc. now owns 494 shares of the ride-sharing company's stock worth $37,000 after purchasing an additional 252 shares in the last quarter. Transcendent Capital Group LLC raised its stake in Uber Technologies by 3,928.6% in the third quarter. Transcendent Capital Group LLC now owns 564 shares of the ride-sharing company's stock valued at $42,000 after buying an additional 550 shares in the last quarter. Finally, Fortitude Family Office LLC boosted its position in shares of Uber Technologies by 84.7% during the 3rd quarter. Fortitude Family Office LLC now owns 602 shares of the ride-sharing company's stock worth $45,000 after acquiring an additional 276 shares in the last quarter. Hedge funds and other institutional investors own 80.24% of the company's stock.

Wall Street Analyst Weigh In

UBER has been the topic of a number of recent research reports. Evercore ISI lifted their target price on shares of Uber Technologies from $90.00 to $120.00 and gave the company an "outperform" rating in a report on Thursday, October 31st. Royal Bank of Canada increased their price target on shares of Uber Technologies from $80.00 to $82.00 and gave the stock an "outperform" rating in a report on Friday, November 1st. Jefferies Financial Group lifted their price objective on Uber Technologies from $100.00 to $105.00 and gave the company a "buy" rating in a report on Tuesday, October 22nd. BMO Capital Markets reiterated an "outperform" rating and issued a $92.00 price objective on shares of Uber Technologies in a research report on Friday, October 11th. Finally, Oppenheimer upped their price target on shares of Uber Technologies from $90.00 to $95.00 and gave the stock an "outperform" rating in a research note on Friday, September 27th. Seven investment analysts have rated the stock with a hold rating, thirty-one have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $91.53.

Uber Technologies Price Performance

Shares of Uber Technologies stock traded down $0.72 during trading on Tuesday, hitting $64.98. The stock had a trading volume of 25,697,066 shares, compared to its average volume of 28,460,830. The business has a fifty day moving average of $66.76 and a two-hundred day moving average of $70.48. Uber Technologies, Inc. has a fifty-two week low of $54.84 and a fifty-two week high of $87.00. The firm has a market cap of $136.83 billion, a P/E ratio of 32.33, a PEG ratio of 0.75 and a beta of 1.36. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.41 and a quick ratio of 1.41.

Uber Technologies (NYSE:UBER - Get Free Report) last posted its quarterly 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. Uber Technologies had a net margin of 10.49% and a return on equity of 33.46%. The firm had revenue of $11.19 billion for the quarter, compared to analyst estimates of $10.99 billion. During the same quarter in the previous year, the business posted $0.10 earnings per share. The firm's quarterly revenue was up 20.4% compared to the same quarter last year. On average, sell-side analysts expect that Uber Technologies, Inc. will post 1.89 earnings per share for the current fiscal year.

Insider Activity

In related news, insider Jill Hazelbaker sold 27,780 shares of the business's stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $72.90, for a total transaction of $2,025,162.00. Following the transaction, 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 3.84% of the stock is owned by company insiders.

Uber Technologies 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.