Brookwood Investment Group LLC Acquires Shares of 3,686 Uber Technologies, Inc. (NYSE:UBER)

Key Points

• Brookwood Investment Group LLC has acquired 3,686 shares of Uber Technologies, Inc., valued at approximately $269,000, as part of their recent investment strategy.
• Uber's recent quarterly earnings showed an EPS of $0.83, exceeding estimates, with revenue of $11.53 billion, reflecting a 13.8% year-over-year increase.
• Analysts remain positive on Uber, with multiple firms increasing their price targets, and the stock receiving an average rating of "Moderate Buy."

Brookwood Investment Group LLC bought a new position in Uber Technologies, Inc. (NYSE:UBER - Free Report) in the first quarter, according to the company in its most recent filing with the SEC. The fund bought 3,686 shares of the ride-sharing company's stock, valued at approximately $269,000.

Several other large investors have also recently modified their holdings of UBER. Jackson Hole Capital Partners LLC bought a new stake in shares of Uber Technologies in the 1st quarter worth about $3,709,000. Princeton Capital Management LLC raised its position in Uber Technologies by 43.7% in the 1st quarter. Princeton Capital Management LLC now owns 19,937 shares of the ride-sharing company's stock worth $1,453,000 after purchasing an additional 6,064 shares during the period. Principle Wealth Partners LLC lifted its stake in Uber Technologies by 7.4% in the first quarter. Principle Wealth Partners LLC now owns 6,655 shares of the ride-sharing company's stock worth $485,000 after purchasing an additional 460 shares during the last quarter. One Wealth Advisors LLC lifted its stake in Uber Technologies by 45.3% in the first quarter. One Wealth Advisors LLC now owns 4,822 shares of the ride-sharing company's stock worth $351,000 after purchasing an additional 1,504 shares during the last quarter. Finally, Lifeworks Advisors LLC purchased a new position in shares of Uber Technologies during the first quarter valued at approximately $301,000. Institutional investors own 80.24% of the company's stock.

Uber Technologies Trading Up 0.5%

Uber Technologies stock opened at $91.31 on Friday. Uber Technologies, Inc. has a one year low of $54.84 and a one year high of $97.71. The stock has a market cap of $190.94 billion, a PE ratio of 15.99, a price-to-earnings-growth ratio of 1.05 and a beta of 1.40. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.02 and a current ratio of 1.02. The stock has a 50-day moving average of $89.29 and a two-hundred day moving average of $79.51.

Uber Technologies (NYSE:UBER - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The ride-sharing company reported $0.83 EPS for the quarter, beating the consensus estimate of $0.50 by $0.33. The firm had revenue of $11.53 billion during the quarter, compared to analyst estimates of $11.61 billion. Uber Technologies had a net margin of 27.07% and a return on equity of 66.46%. Uber Technologies's revenue was up 13.8% on a year-over-year basis. During the same period last year, the firm posted ($0.32) EPS. On average, research analysts anticipate that Uber Technologies, Inc. will post 2.54 EPS for the current fiscal year.

Insider Buying and Selling at Uber Technologies

In related news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the company's stock in a transaction on Monday, July 7th. The stock was sold at an average price of $95.00, for a total value of $261,250.00. Following the transaction, the chief financial officer directly owned 21,975 shares of the company's stock, valued at $2,087,625. This represents a 11.12% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Jill Hazelbaker sold 34,884 shares of the firm's stock in a transaction on Monday, May 12th. The stock was sold at an average price of $86.03, for a total value of $3,001,070.52. Following the completion of the transaction, the insider owned 102,135 shares of the company's stock, valued at $8,786,674.05. This trade represents a 25.46% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 40,384 shares of company stock valued at $3,496,071 over the last quarter. Insiders own 3.84% of the company's stock.

Wall Street Analyst Weigh In

UBER has been the subject of a number of research analyst reports. Roth Capital raised their price target on Uber Technologies from $93.00 to $110.00 and gave the stock a "buy" rating in a research note on Monday, July 14th. Stifel Nicolaus initiated coverage on Uber Technologies in a research note on Wednesday, June 11th. They issued a "buy" rating and a $110.00 target price on the stock. Wedbush lowered shares of Uber Technologies from an "outperform" rating to a "neutral" rating and boosted their target price for the company from $80.00 to $85.00 in a research note on Thursday, May 8th. JMP Securities restated a "market perform" rating on shares of Uber Technologies in a report on Thursday, May 15th. Finally, The Goldman Sachs Group lifted their price objective on shares of Uber Technologies from $96.00 to $110.00 and gave the company a "buy" rating in a report on Thursday, May 8th. Ten analysts have rated the stock with a hold rating and twenty-nine have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $100.26.

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.

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