Western Pacific boosted its Uber stake by 90.6% in Q2 2021 as the company beat earnings estimates and saw analyst upgrades.

Western Pacific Wealth Management LP boosted its Uber stake by 90.6% in Q2 2021, holding 2,524 shares valued at $235,000, while Elk River Wealth Management bought 34,564 shares for about $3.23 million. Uber reported $0.63 EPS, beating estimates by $0.02, with $12.65 billion in revenue, up 18.2% year-over-year. The company’s market cap stands at $197.26 billion, with analysts projecting $2.54 EPS for the fiscal year. Wall Street ratings average to "Moderate Buy" with a $103.06 price target, and Cantor Fitzgerald upgraded to "overweight" with a $106.00 target. CFO Prashanth Mahendra-Rajah sold 2,750 shares on September 16 at $99.42 each, reducing his ownership by 10.88%.