Brookstone Capital Management Has $10.45 Million Position in Uber Technologies, Inc. (NYSE:UBER)

Brookstone Capital Management raised its stake in Uber Technologies, Inc. (NYSE:UBER) by 4.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 135,680 shares of the ride-sharing company’s stock after buying an additional 5,160 shares during the quarter. Brookstone Capital Management’s holdings in Uber Technologies were worth $10,446,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of UBER. CVA Family Office LLC bought a new stake in Uber Technologies in the 4th quarter valued at $30,000. Highlander Capital Management LLC lifted its stake in Uber Technologies by 100.0% in the 4th quarter. Highlander Capital Management LLC now owns 500 shares of the ride-sharing company’s stock valued at $31,000 after purchasing an additional 250 shares during the last quarter. Bfsg LLC bought a new position in shares of Uber Technologies during the 4th quarter worth approximately $31,000. Blue Bell Private Wealth Management LLC boosted its position in Uber Technologies by 49.7% during the fourth quarter. Blue Bell Private Wealth Management LLC now owns 524 shares of the ride-sharing company’s stock worth $32,000 after purchasing an additional 174 shares during the period. Finally, GW&K Investment Management LLC acquired a new position in Uber Technologies in the 4th quarter valued at about $33,000. Institutional investors own 80.24% of the company’s stock.

Uber Technologies Price Performance

Shares of NYSE UBER opened at $70.33 on Friday. The company has a market capitalization of $146.96 billion, a PE ratio of 113.44, a PEG ratio of 1.55 and a beta of 1.37. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.80. The stock’s 50 day moving average price is $67.83 and its 200-day moving average price is $69.66. Uber Technologies, Inc. has a twelve month low of $40.09 and a twelve month high of $82.14.

Uber Technologies (NYSE:UBER) last released its earnings results on Wednesday, May 8th. The ride-sharing company reported ($0.32) earnings per share for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.53). Uber Technologies had a net margin of 3.60% and a return on equity of 12.81%. The company had revenue of $10.13 billion for the quarter, compared to the consensus estimate of $10.09 billion. During the same period in the prior year, the company earned ($0.08) earnings per share. The firm’s revenue was up 14.8% on a year-over-year basis. On average, equities analysts anticipate that Uber Technologies, Inc. will post 0.85 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages have issued reports on UBER. UBS Group decreased their target price on shares of Uber Technologies from $100.00 to $95.00 and set a “buy” rating on the stock in a research report on Thursday, May 9th. Loop Capital lowered their price target on shares of Uber Technologies from $88.00 to $83.00 and set a “buy” rating for the company in a report on Thursday, May 16th. Royal Bank of Canada reiterated an “outperform” rating and issued a $80.00 price objective on shares of Uber Technologies in a report on Tuesday, May 28th. DA Davidson reaffirmed a “buy” rating and set a $81.00 target price on shares of Uber Technologies in a research report on Wednesday, May 8th. Finally, Roth Mkm restated a “buy” rating and set a $89.00 price target (down previously from $91.00) on shares of Uber Technologies in a report on Friday, May 10th. Two analysts have rated the stock with a hold rating and thirty have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $84.34.

Insider Activity

In other news, insider Tony West sold 18,750 shares of Uber Technologies stock in a transaction on Monday, May 13th. The stock was sold at an average price of $65.63, for a total value of $1,230,562.50. Following the completion of the transaction, the insider now directly owns 206,338 shares in the company, valued at $13,541,962.94. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, insider Tony West sold 18,750 shares of the business’s stock in a transaction on Monday, May 13th. The shares were sold at an average price of $65.63, for a total transaction of $1,230,562.50. Following the completion of the transaction, the insider now directly owns 206,338 shares in the company, valued at approximately $13,541,962.94. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Dara Khosrowshahi sold 500,000 shares of the firm’s stock in a transaction dated Friday, May 17th. The shares were sold at an average price of $65.93, for a total value of $32,965,000.00. Following the completion of the sale, the chief executive officer now directly owns 1,656,996 shares in the company, valued at approximately $109,245,746.28. The disclosure for this sale can be found here. Insiders have sold a total of 635,984 shares of company stock valued at $42,258,297 over the last quarter. Company insiders own 3.84% of the company’s stock.

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.