Stonebrook Private Inc. Takes Position in Uber Technologies, Inc. $UBER

Stonebrook Private Inc. purchased a new position in shares of Uber Technologies, Inc. (NYSE:UBER) in the second quarter, HoldingsChannel reports. The institutional investor purchased 2,209 shares of the ride-sharing company’s stock, valued at approximately $206,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Hilltop National Bank acquired a new stake in Uber Technologies in the 2nd quarter valued at about $96,000. American Capital Advisory LLC grew its stake in shares of Uber Technologies by 47.8% during the second quarter. American Capital Advisory LLC now owns 13,006 shares of the ride-sharing company’s stock valued at $1,213,000 after purchasing an additional 4,204 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Uber Technologies by 2.6% in the second quarter. Geode Capital Management LLC now owns 45,859,136 shares of the ride-sharing company’s stock valued at $4,258,756,000 after purchasing an additional 1,168,288 shares in the last quarter. Teacher Retirement System of Texas raised its position in Uber Technologies by 50.2% in the 2nd quarter. Teacher Retirement System of Texas now owns 548,051 shares of the ride-sharing company’s stock worth $51,133,000 after purchasing an additional 183,085 shares during the last quarter. Finally, Geneos Wealth Management Inc. raised its position in Uber Technologies by 805.4% in the 1st quarter. Geneos Wealth Management Inc. now owns 102,706 shares of the ride-sharing company’s stock worth $7,483,000 after purchasing an additional 91,362 shares during the last quarter. Institutional investors and hedge funds own 80.24% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on UBER shares. Susquehanna reaffirmed a “positive” rating and set a $110.00 price target on shares of Uber Technologies in a research note on Wednesday, November 5th. Weiss Ratings reissued a “buy (b)” rating on shares of Uber Technologies in a report on Monday. Mizuho assumed coverage on shares of Uber Technologies in a research note on Monday, September 29th. They issued an “outperform” rating and a $130.00 target price on the stock. BTIG Research reiterated a “buy” rating and set a $100.00 price target on shares of Uber Technologies in a research report on Tuesday, November 4th. Finally, Wall Street Zen raised shares of Uber Technologies from a “hold” rating to a “buy” rating in a research note on Saturday, November 8th. Two investment analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $108.26.

Uber Technologies Stock Performance

Shares of Uber Technologies stock opened at $89.28 on Thursday. The stock’s fifty day simple moving average is $95.27 and its 200 day simple moving average is $91.92. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 0.37. The company has a market capitalization of $185.50 billion, a PE ratio of 11.48 and a beta of 1.46. Uber Technologies, Inc. has a 12 month low of $59.33 and a 12 month high of $101.99.

Uber Technologies (NYSE:UBER) last announced its quarterly earnings results on Tuesday, November 4th. The ride-sharing company reported $3.11 earnings per share for the quarter, beating analysts’ consensus estimates of $0.67 by $2.44. The firm had revenue of $13.47 billion for the quarter, compared to analyst estimates of $13.25 billion. Uber Technologies had a net margin of 33.54% and a return on equity of 68.17%. The business’s revenue was up 20.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.20 earnings per share. On average, research analysts predict that Uber Technologies, Inc. will post 2.54 EPS for the current year.

Insider Activity at Uber Technologies

In related news, insider Tony West sold 3,125 shares of the company’s stock in a transaction on Tuesday, November 18th. The shares were sold at an average price of $92.10, for a total value of $287,812.50. Following the completion of the transaction, the insider directly owned 174,135 shares of the company’s stock, valued at approximately $16,037,833.50. This represents a 1.76% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Jill Hazelbaker sold 31,250 shares of the stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $96.42, for a total value of $3,013,125.00. Following the transaction, the insider owned 86,531 shares of the company’s stock, valued at approximately $8,343,319.02. This trade represents a 26.53% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 602,000 shares of company stock valued at $58,695,660. 3.84% of the stock is owned by 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.