Kornitzer Capital Management Inc. KS Sells 12,740 Shares of Uber Technologies, Inc. (NYSE:UBER)

Kornitzer Capital Management Inc. KS lessened its holdings in Uber Technologies, Inc. (NYSE:UBER) by 6.5% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 184,203 shares of the ride-sharing company’s stock after selling 12,740 shares during the period. Kornitzer Capital Management Inc. KS’s holdings in Uber Technologies were worth $11,341,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. OFI Invest Asset Management bought a new position in shares of Uber Technologies in the 3rd quarter worth approximately $26,000. Ritter Daniher Financial Advisory LLC DE raised its stake in Uber Technologies by 2,545.5% during the 3rd quarter. Ritter Daniher Financial Advisory LLC DE now owns 582 shares of the ride-sharing company’s stock worth $27,000 after acquiring an additional 560 shares during the period. JFS Wealth Advisors LLC raised its stake in Uber Technologies by 319.4% during the 3rd quarter. JFS Wealth Advisors LLC now owns 650 shares of the ride-sharing company’s stock worth $30,000 after acquiring an additional 495 shares during the period. CVA Family Office LLC bought a new stake in Uber Technologies during the 4th quarter worth approximately $30,000. Finally, Highlander Capital Management LLC raised its stake in Uber Technologies by 100.0% during the 4th quarter. Highlander Capital Management LLC now owns 500 shares of the ride-sharing company’s stock worth $31,000 after acquiring an additional 250 shares during the period. Institutional investors own 80.24% of the company’s stock.

Uber Technologies Trading Down 2.9 %

NYSE UBER traded down $2.10 on Friday, hitting $69.20. 23,185,965 shares of the stock were exchanged, compared to its average volume of 14,281,957. Uber Technologies, Inc. has a 52-week low of $29.22 and a 52-week high of $82.14. The firm has a market capitalization of $144.03 billion, a P/E ratio of 80.49, a P/E/G ratio of 1.13 and a beta of 1.36. The stock has a fifty day moving average price of $76.89 and a two-hundred day moving average price of $63.50. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.19 and a current ratio of 1.19.

Uber Technologies (NYSE:UBER) last released its earnings results on Wednesday, February 7th. The ride-sharing company reported $0.66 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.50. Uber Technologies had a return on equity of 18.95% and a net margin of 5.06%. The business had revenue of $9.94 billion during the quarter, compared to the consensus estimate of $9.76 billion. During the same period last year, the company earned $0.29 earnings per share. The business’s revenue for the quarter was up 15.4% compared to the same quarter last year. Research analysts forecast that Uber Technologies, Inc. will post 1.22 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the stock. Roth Mkm raised their target price on shares of Uber Technologies from $72.00 to $79.00 and gave the stock a “buy” rating in a research note on Thursday, February 8th. Tigress Financial raised their target price on shares of Uber Technologies from $72.00 to $96.00 and gave the stock a “buy” rating in a research note on Friday. Royal Bank of Canada restated an “outperform” rating and set a $85.00 target price on shares of Uber Technologies in a research note on Thursday, February 15th. The Goldman Sachs Group lifted their price objective on shares of Uber Technologies from $59.00 to $78.00 and gave the company a “buy” rating in a research report on Thursday, January 11th. Finally, BTIG Research lifted their price objective on shares of Uber Technologies from $80.00 to $90.00 and gave the company a “buy” rating in a research report on Thursday, February 22nd. Two equities research analysts have rated the stock with a hold rating and twenty-nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $78.94.

Insider Transactions at Uber Technologies

In other news, insider Jill Hazelbaker sold 20,000 shares of Uber Technologies stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $77.83, for a total transaction of $1,556,600.00. Following the completion of the sale, the insider now directly owns 107,290 shares in the company, valued at $8,350,380.70. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, insider Tony West sold 18,750 shares of Uber Technologies stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $70.08, for a total value of $1,314,000.00. Following the completion of the sale, the insider now directly owns 185,566 shares in the company, valued at $13,004,465.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Jill Hazelbaker sold 20,000 shares of Uber Technologies stock in a transaction dated Wednesday, February 14th. The shares were sold at an average price of $77.83, for a total value of $1,556,600.00. Following the completion of the sale, the insider now owns 107,290 shares of the company’s stock, valued at $8,350,380.70. The disclosure for this sale can be found here. Corporate insiders own 3.84% of the company’s stock.

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.