Uber Technologies, Inc. (NYSE:UBER) Shares Sold by Redhawk Wealth Advisors Inc.

Redhawk Wealth Advisors Inc. lowered its stake in shares of Uber Technologies, Inc. (NYSE:UBER) by 20.3% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 12,308 shares of the ride-sharing company’s stock after selling 3,144 shares during the period. Redhawk Wealth Advisors Inc.’s holdings in Uber Technologies were worth $895,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. PFG Investments LLC raised its position in Uber Technologies by 374.6% in the first quarter. PFG Investments LLC now owns 63,450 shares of the ride-sharing company’s stock valued at $4,885,000 after purchasing an additional 50,080 shares during the period. US Bancorp DE raised its holdings in shares of Uber Technologies by 2.5% in the 4th quarter. US Bancorp DE now owns 995,783 shares of the ride-sharing company’s stock valued at $61,310,000 after buying an additional 24,059 shares during the period. SVB Wealth LLC lifted its stake in Uber Technologies by 28.1% during the 4th quarter. SVB Wealth LLC now owns 51,341 shares of the ride-sharing company’s stock worth $3,161,000 after acquiring an additional 11,269 shares in the last quarter. CIBC Private Wealth Group LLC lifted its stake in Uber Technologies by 70.3% during the 4th quarter. CIBC Private Wealth Group LLC now owns 15,568 shares of the ride-sharing company’s stock worth $959,000 after acquiring an additional 6,426 shares in the last quarter. Finally, U.S. Capital Wealth Advisors LLC lifted its stake in Uber Technologies by 26.4% during the 2nd quarter. U.S. Capital Wealth Advisors LLC now owns 41,254 shares of the ride-sharing company’s stock worth $2,998,000 after acquiring an additional 8,614 shares in the last quarter. Hedge funds and other institutional investors own 80.24% of the company’s stock.

Uber Technologies Price Performance

Shares of UBER traded up $0.80 during mid-day trading on Thursday, hitting $72.73. The company’s stock had a trading volume of 13,694,633 shares, compared to its average volume of 19,119,162. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.72. The firm has a 50-day simple moving average of $68.83 and a 200 day simple moving average of $71.12. The firm has a market capitalization of $151.97 billion, a P/E ratio of 117.19, a P/E/G ratio of 1.45 and a beta of 1.36. Uber Technologies, Inc. has a 1-year low of $40.09 and a 1-year high of $82.14.

Uber Technologies (NYSE:UBER) last posted its quarterly earnings results on Tuesday, August 6th. The ride-sharing company reported $0.47 EPS for the quarter, beating the consensus estimate of $0.31 by $0.16. The business had revenue of $10.70 billion during the quarter, compared to analysts’ expectations of $10.57 billion. Uber Technologies had a return on equity of 17.06% and a net margin of 5.02%. The company’s quarterly revenue was up 15.9% compared to the same quarter last year. During the same period last year, the firm earned $0.18 EPS. Analysts predict that Uber Technologies, Inc. will post 0.89 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

UBER has been the topic of several research reports. Melius initiated coverage on Uber Technologies in a research note on Monday, July 22nd. They set a “hold” rating and a $77.00 target price on the stock. Oppenheimer reissued an “outperform” rating and set a $90.00 target price on shares of Uber Technologies in a research note on Wednesday, June 5th. Citigroup increased their target price on Uber Technologies from $96.00 to $98.00 and gave the stock a “buy” rating in a research note on Wednesday, August 7th. Jefferies Financial Group decreased their target price on Uber Technologies from $103.00 to $100.00 and set a “buy” rating on the stock in a research note on Thursday, May 9th. Finally, JMP Securities increased their price target on Uber Technologies from $75.00 to $80.00 and gave the company a “market outperform” rating in a research report on Wednesday, August 7th. Four analysts have rated the stock with a hold rating and thirty have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $87.47.

Insider Activity

In related news, insider Tony West sold 89,234 shares of Uber Technologies stock in a transaction on Thursday, June 6th. The stock was sold at an average price of $68.18, for a total transaction of $6,083,974.12. Following the completion of the transaction, the insider now directly owns 124,945 shares of the company’s stock, valued at $8,518,750.10. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, CEO Dara Khosrowshahi sold 500,000 shares of Uber Technologies stock in a transaction on Friday, May 17th. The stock was sold at an average price of $65.93, for a total transaction of $32,965,000.00. Following the completion of the transaction, the chief executive officer now directly owns 1,656,996 shares of the company’s stock, valued at $109,245,746.28. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Tony West sold 89,234 shares of Uber Technologies stock in a transaction on Thursday, June 6th. The stock was sold at an average price of $68.18, for a total value of $6,083,974.12. Following the transaction, the insider now directly owns 124,945 shares of the company’s stock, valued at $8,518,750.10. The disclosure for this sale can be found here. Insiders sold 1,117,234 shares of company stock valued at $76,982,734 in the last three months. 3.84% of the stock is currently owned by company 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.