Brookstone Capital Management Purchases 2,805 Shares of Uber Technologies, Inc. (NYSE:UBER)

Brookstone Capital Management grew its position in shares of Uber Technologies, Inc. (NYSE:UBERGet Rating) by 8.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 34,586 shares of the ride-sharing company’s stock after buying an additional 2,805 shares during the quarter. Brookstone Capital Management’s holdings in Uber Technologies were worth $773,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the company. Gamco Investors INC. ET AL lifted its position in Uber Technologies by 21.2% during the 4th quarter. Gamco Investors INC. ET AL now owns 12,416 shares of the ride-sharing company’s stock worth $521,000 after buying an additional 2,174 shares in the last quarter. Invesco Ltd. raised its position in Uber Technologies by 10.6% in the 4th quarter. Invesco Ltd. now owns 6,564,648 shares of the ride-sharing company’s stock worth $275,256,000 after purchasing an additional 629,125 shares during the last quarter. Schroder Investment Management Group lifted its holdings in Uber Technologies by 37.6% during the 4th quarter. Schroder Investment Management Group now owns 558,549 shares of the ride-sharing company’s stock worth $23,420,000 after buying an additional 152,708 shares in the last quarter. Hilltop Holdings Inc. increased its stake in shares of Uber Technologies by 23.4% in the 4th quarter. Hilltop Holdings Inc. now owns 5,610 shares of the ride-sharing company’s stock valued at $236,000 after buying an additional 1,064 shares during the period. Finally, Gotham Asset Management LLC bought a new stake in shares of Uber Technologies during the fourth quarter worth $2,599,000. Institutional investors and hedge funds own 71.57% of the company’s stock.

Insider Buying and Selling

In other Uber Technologies news, insider Tony West sold 87,841 shares of the stock in a transaction on Thursday, August 4th. The shares were sold at an average price of $31.26, for a total value of $2,745,909.66. Following the completion of the sale, the insider now owns 141,944 shares in the company, valued at $4,437,169.44. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. 4.06% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages have issued reports on UBER. Susquehanna raised their price objective on shares of Uber Technologies from $29.00 to $32.00 in a research note on Wednesday, August 3rd. BTIG Research dropped their price objective on Uber Technologies from $55.00 to $35.00 and set a “buy” rating for the company in a report on Tuesday, July 19th. Wedbush restated an “outperform” rating and set a $38.00 target price on shares of Uber Technologies in a report on Wednesday, June 29th. Atlantic Securities upped their price target on Uber Technologies to $40.00 in a research note on Monday, August 22nd. Finally, Mizuho reduced their price objective on shares of Uber Technologies from $58.00 to $46.00 and set a “buy” rating on the stock in a research note on Wednesday, August 3rd. One analyst has rated the stock with a hold rating and twenty-seven have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $49.45.

Uber Technologies Price Performance

Shares of NYSE UBER opened at $28.58 on Friday. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.98 and a quick ratio of 0.98. The business has a 50-day moving average of $28.77 and a 200-day moving average of $27.82. The stock has a market capitalization of $56.59 billion, a price-to-earnings ratio of -5.49 and a beta of 1.21. Uber Technologies, Inc. has a fifty-two week low of $19.90 and a fifty-two week high of $48.88.

Uber Technologies (NYSE:UBERGet Rating) last posted its quarterly earnings results on Tuesday, August 2nd. The ride-sharing company reported ($1.33) earnings per share for the quarter, missing analysts’ consensus estimates 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 company had revenue of $8.08 billion during the quarter, compared to the consensus estimate of $7.37 billion. During the same quarter in the prior year, the business earned $0.58 earnings per share. The firm’s revenue for the quarter was up 105.6% compared to the same quarter last year. As a group, sell-side analysts predict that Uber Technologies, Inc. will post -4.66 earnings per share for the current fiscal year.

Uber Technologies Company 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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