Militia Capital Partners LP Acquires 6,000 Shares of Uber Technologies, Inc. $UBER

Militia Capital Partners LP boosted its stake in Uber Technologies, Inc. (NYSE:UBER) by 300.0% during the first quarter, Holdings Channel.com reports. The firm owned 8,000 shares of the ride-sharing company’s stock after buying an additional 6,000 shares during the period. Militia Capital Partners LP’s holdings in Uber Technologies were worth $583,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the stock. Vanguard Group Inc. increased its stake in Uber Technologies by 3.2% in the 1st quarter. Vanguard Group Inc. now owns 186,526,036 shares of the ride-sharing company’s stock worth $13,590,287,000 after purchasing an additional 5,759,353 shares during the period. Pershing Square Capital Management L.P. purchased a new position in Uber Technologies in the 1st quarter worth approximately $2,207,743,000. Northern Trust Corp increased its stake in Uber Technologies by 3.9% in the 1st quarter. Northern Trust Corp now owns 19,240,638 shares of the ride-sharing company’s stock worth $1,401,873,000 after purchasing an additional 720,122 shares during the period. Charles Schwab Investment Management Inc. increased its stake in Uber Technologies by 3.0% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 13,667,322 shares of the ride-sharing company’s stock worth $995,801,000 after purchasing an additional 394,157 shares during the period. Finally, Boston Partners increased its stake in Uber Technologies by 43.8% in the 1st quarter. Boston Partners now owns 9,031,217 shares of the ride-sharing company’s stock worth $658,686,000 after purchasing an additional 2,749,456 shares during the period. 80.24% of the stock is owned by hedge funds and other institutional investors.

Uber Technologies Trading Up 0.5%

NYSE UBER opened at $94.72 on Friday. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.41. Uber Technologies, Inc. has a twelve month low of $59.33 and a twelve month high of $97.71. The firm has a market capitalization of $197.53 billion, a PE ratio of 16.14, a P/E/G ratio of 1.08 and a beta of 1.43. The stock’s 50 day moving average is $92.57 and its 200 day moving average is $84.43.

Uber Technologies (NYSE:UBER) last released its quarterly earnings results on Wednesday, August 6th. The ride-sharing company reported $0.63 earnings per share for the quarter, beating 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 company had revenue of $12.65 billion for the quarter, compared to analyst estimates of $12.45 billion. During the same period in the previous year, the company posted $0.47 earnings per share. The firm’s revenue was up 18.2% on a year-over-year basis. Research analysts forecast that Uber Technologies, Inc. will post 2.54 earnings per share for the current fiscal year.

Insider Transactions at Uber Technologies

In related news, insider Jill Hazelbaker sold 31,250 shares of Uber Technologies stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $96.42, for a total transaction of $3,013,125.00. Following the sale, the insider directly owned 86,531 shares in the company, valued at $8,343,319.02. The trade was a 26.53% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Tony West sold 3,125 shares of Uber Technologies stock in a transaction that occurred on Tuesday, August 26th. The shares were sold at an average price of $95.00, for a total value of $296,875.00. Following the sale, the insider owned 170,269 shares in the company, valued at $16,175,555. This represents a 1.80% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 48,696 shares of company stock valued at $4,632,774. Company insiders own 3.84% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on UBER shares. BMO Capital Markets lifted their price target on Uber Technologies from $101.00 to $113.00 and gave the stock an “outperform” rating in a research note on Thursday, August 7th. Cowen reaffirmed a “buy” rating on shares of Uber Technologies in a research note on Thursday, August 7th. UBS Group lifted their price objective on Uber Technologies from $115.00 to $117.00 and gave the stock a “buy” rating in a research report on Thursday, August 7th. 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, July 8th. Finally, Needham & Company LLC lifted their price objective on Uber Technologies from $100.00 to $109.00 and gave the stock a “buy” rating in a research report on Monday, July 14th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and ten have given a Hold rating to the company’s stock. According to MarketBeat.com, Uber Technologies presently has an average rating of “Moderate Buy” and an average price target of $103.06.

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.