Brookwood Investment Group LLC Purchases 2,694 Shares of Uber Technologies, Inc. $UBER

Brookwood Investment Group LLC boosted its position in Uber Technologies, Inc. (NYSE:UBER) by 73.1% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 6,380 shares of the ride-sharing company’s stock after acquiring an additional 2,694 shares during the period. Brookwood Investment Group LLC’s holdings in Uber Technologies were worth $595,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Vision Financial Markets LLC bought a new stake in Uber Technologies in the 1st quarter valued at about $27,000. West Oak Capital LLC bought a new stake in Uber Technologies in the 2nd quarter valued at about $28,000. Truvestments Capital LLC raised its stake in Uber Technologies by 498.5% in the 1st quarter. Truvestments Capital LLC now owns 407 shares of the ride-sharing company’s stock valued at $30,000 after acquiring an additional 339 shares during the period. Trust Co. of Toledo NA OH bought a new stake in Uber Technologies in the 2nd quarter valued at about $30,000. Finally, Ransom Advisory Ltd bought a new stake in shares of Uber Technologies during the first quarter valued at about $31,000. 80.24% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Uber Technologies news, CEO Dara Khosrowshahi sold 300,000 shares of the business’s stock in a transaction that occurred on Friday, September 12th. The shares were sold at an average price of $95.37, for a total value of $28,611,000.00. Following the completion of the transaction, the chief executive officer owned 1,132,544 shares of the company’s stock, valued at $108,010,721.28. The trade was a 20.94% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Tony West sold 100,000 shares of the business’s stock in a transaction that occurred on Monday, September 22nd. The stock was sold at an average price of $100.38, for a total transaction of $10,038,000.00. Following the completion of the transaction, the insider directly owned 171,558 shares of the company’s stock, valued at approximately $17,220,992.04. This represents a 36.82% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 604,946 shares of company stock worth $58,950,116. 3.70% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. Weiss Ratings restated a “buy (b-)” rating on shares of Uber Technologies in a research report on Tuesday, October 14th. Susquehanna boosted their price objective on shares of Uber Technologies from $100.00 to $105.00 and gave the company a “positive” rating in a research note on Thursday, August 7th. Royal Bank Of Canada boosted their price objective on shares of Uber Technologies from $94.00 to $100.00 and gave the company an “outperform” rating in a research note on Thursday, August 7th. KeyCorp boosted their price objective on shares of Uber Technologies from $90.00 to $110.00 and gave the company an “overweight” rating in a research note on Monday, July 14th. Finally, Barclays reaffirmed an “overweight” rating and set a $110.00 price objective (up previously from $97.00) on shares of Uber Technologies in a research note on Thursday, August 7th. Three analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating and eight have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $105.91.

Uber Technologies Price Performance

UBER stock opened at $96.47 on Tuesday. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.11 and a quick ratio of 1.11. Uber Technologies, Inc. has a one year low of $59.33 and a one year high of $101.99. The stock has a market cap of $201.18 billion, a PE ratio of 16.43 and a beta of 1.48. The firm has a 50 day simple moving average of $95.48 and a two-hundred day simple moving average of $89.84.

Uber Technologies (NYSE:UBER) last released its quarterly earnings results on Wednesday, August 6th. The ride-sharing company reported $0.63 EPS for the quarter, topping analysts’ consensus estimates of $0.61 by $0.02. Uber Technologies had a net margin of 26.68% and a return on equity of 59.96%. The business had revenue of $12.65 billion during the quarter, compared to analysts’ expectations of $12.45 billion. During the same quarter in the previous year, the company earned $0.47 EPS. The business’s quarterly revenue was up 18.2% compared to the same quarter last year. On average, analysts predict that Uber Technologies, Inc. will post 2.54 EPS for the current fiscal year.

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.