Blackhawk Capital Partners LLC. Purchases New Stake in Uber Technologies, Inc. (NYSE:UBER)

Blackhawk Capital Partners LLC. acquired a new position in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 29,162 shares of the ride-sharing company's stock, valued at approximately $2,125,000. Uber Technologies makes up approximately 1.1% of Blackhawk Capital Partners LLC.'s portfolio, making the stock its 28th biggest holding.

Several other hedge funds have also recently bought and sold shares of UBER. NTV Asset Management LLC increased its stake in shares of Uber Technologies by 27.6% in the first quarter. NTV Asset Management LLC now owns 18,987 shares of the ride-sharing company's stock valued at $1,383,000 after buying an additional 4,109 shares in the last quarter. Hourglass Capital LLC acquired a new stake in shares of Uber Technologies in the first quarter valued at $416,000. Alpha Cubed Investments LLC acquired a new stake in shares of Uber Technologies in the first quarter valued at $230,000. Crossmark Global Holdings Inc. increased its stake in shares of Uber Technologies by 10.8% in the first quarter. Crossmark Global Holdings Inc. now owns 97,759 shares of the ride-sharing company's stock valued at $7,123,000 after buying an additional 9,544 shares in the last quarter. Finally, U.S. Capital Wealth Advisors LLC increased its position in Uber Technologies by 21.7% in the first quarter. U.S. Capital Wealth Advisors LLC now owns 71,462 shares of the ride-sharing company's stock worth $5,207,000 after purchasing an additional 12,727 shares during the period. 80.24% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

UBER has been the subject of a number of research reports. Bank of America lifted their price objective on Uber Technologies from $97.00 to $115.00 and gave the stock a "buy" rating in a research report on Tuesday. Needham & Company LLC reiterated a "buy" rating and issued a $90.00 price objective on shares of Uber Technologies in a research report on Wednesday, May 7th. Stifel Nicolaus initiated coverage on Uber Technologies in a research report on Wednesday, June 11th. They set a "buy" rating and a $110.00 target price for the company. Wells Fargo & Company boosted their target price on Uber Technologies from $100.00 to $120.00 and gave the stock an "overweight" rating in a research report on Monday. Finally, Wall Street Zen lowered Uber Technologies from a "buy" rating to a "hold" rating in a research report on Saturday, July 5th. Thirteen research analysts have rated the stock with a hold rating and twenty-six have assigned a buy rating to the stock. According to MarketBeat.com, Uber Technologies currently has an average rating of "Moderate Buy" and an average price target of $96.12.

Insider Activity at Uber Technologies

In other Uber Technologies news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the business's stock in a transaction that occurred on Monday, July 7th. The stock was sold at an average price of $95.00, for a total transaction of $261,250.00. Following the transaction, the chief financial officer owned 21,975 shares of the company's stock, valued at $2,087,625. The trade was a 11.12% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Jill Hazelbaker sold 34,884 shares of the business's stock in a transaction that occurred 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 transaction, the insider directly owned 102,135 shares in the company, 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 a total of 40,384 shares of company stock worth $3,496,071 in the last ninety days. Insiders own 3.84% of the company's stock.

Uber Technologies Stock Down 1.1%

NYSE UBER traded down $1.04 during trading on Friday, hitting $95.36. The stock had a trading volume of 12,442,436 shares, compared to its average volume of 21,206,819. The company has a market capitalization of $199.41 billion, a PE ratio of 16.70, a P/E/G ratio of 1.22 and a beta of 1.40. The company's 50-day moving average price is $88.47 and its two-hundred day moving average price is $77.53. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.02 and a current ratio of 1.02. Uber Technologies, Inc. has a 12 month low of $54.84 and a 12 month high of $97.72.

Uber Technologies (NYSE:UBER - Get Free Report) last released its earnings results 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 for the quarter, compared to analysts' expectations of $11.61 billion. Uber Technologies had a return on equity of 66.46% and a net margin of 27.07%. The business's quarterly revenue was up 13.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.32) EPS. As a group, sell-side analysts forecast that Uber Technologies, Inc. will post 2.54 EPS for the current 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.