Militia Capital Partners LP Increases Holdings in Uber Technologies, Inc. $UBER

Key Points

• Militia Capital Partners LP increased its holdings in Uber Technologies by 300% in the first quarter, now owning 8,000 shares valued at $583,000.
• Several large investors have also adjusted their positions in Uber, with CBIZ Investment Advisory Services increasing its investment by 42.1% during the same period.
• Wall Street analysts have raised price targets for Uber, with Bank of America setting a new target of $115 and maintaining a "buy" rating.

Militia Capital Partners LP grew its holdings in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 300.0% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 8,000 shares of the ride-sharing company's stock after purchasing an additional 6,000 shares during the quarter. Militia Capital Partners LP's holdings in Uber Technologies were worth $583,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the business. CBIZ Investment Advisory Services LLC increased its position in shares of Uber Technologies by 42.1% during the 1st quarter. CBIZ Investment Advisory Services LLC now owns 466 shares of the ride-sharing company's stock valued at $34,000 after purchasing an additional 138 shares during the last quarter. Modern Wealth Management LLC purchased a new stake in shares of Uber Technologies during the 1st quarter valued at $1,575,000. Nova Wealth Management Inc. increased its position in shares of Uber Technologies by 41.0% during the 1st quarter. Nova Wealth Management Inc. now owns 430 shares of the ride-sharing company's stock valued at $31,000 after purchasing an additional 125 shares during the last quarter. Anson Funds Management LP purchased a new stake in shares of Uber Technologies during the 1st quarter valued at $1,093,000. Finally, Strs Ohio purchased a new stake in shares of Uber Technologies during the 1st quarter valued at $90,913,000. 80.24% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on UBER shares. Bank of America raised their target price on Uber Technologies from $97.00 to $115.00 and gave the company a "buy" rating in a research report on Tuesday, July 8th. Morgan Stanley reiterated an "overweight" rating and set a $115.00 price target (up previously from $95.00) on shares of Uber Technologies in a research note on Monday, July 21st. Raymond James Financial increased their price target on Uber Technologies from $100.00 to $105.00 and gave the stock a "strong-buy" rating in a research note on Thursday, August 7th. Wall Street Zen downgraded Uber Technologies from a "buy" rating to a "hold" rating in a research note on Saturday, August 9th. Finally, JPMorgan Chase & Co. increased their price target on Uber Technologies from $105.00 to $110.00 and gave the stock an "overweight" rating in a research note on Friday, July 11th. One investment analyst has rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and ten have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $103.06.

Uber Technologies Stock Up 0.5%

Shares of NYSE UBER opened at $94.72 on Friday. Uber Technologies, Inc. has a 52 week low of $59.33 and a 52 week high of $97.71. The business has a 50-day simple moving average of $92.57 and a two-hundred day simple moving average of $84.43. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.41. The company has a market cap of $197.53 billion, a P/E ratio of 16.14, a P/E/G ratio of 1.08 and a beta of 1.43.

Uber Technologies (NYSE:UBER - Get Free Report) last issued its earnings results on Wednesday, August 6th. The ride-sharing company reported $0.63 EPS for the quarter, topping the consensus estimate of $0.61 by $0.02. Uber Technologies had a return on equity of 59.96% and a net margin of 26.68%.The business had revenue of $12.65 billion during the quarter, compared to the consensus estimate of $12.45 billion. During the same quarter last year, the company earned $0.47 EPS. The firm's revenue was up 18.2% compared to the same quarter last year. Research analysts anticipate that Uber Technologies, Inc. will post 2.54 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of Uber Technologies stock in a transaction dated Monday, July 7th. The stock was sold at an average price of $95.00, for a total transaction of $261,250.00. Following the completion of the sale, the chief financial officer owned 21,975 shares in the company, valued at approximately $2,087,625. This trade represents a 11.12% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Jill Hazelbaker sold 31,250 shares of Uber Technologies stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $96.42, for a total value of $3,013,125.00. Following the sale, 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 can be found here. In the last 90 days, insiders have sold 48,696 shares of company stock worth $4,632,774. Insiders own 3.84% of the company's stock.

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.

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