Uber Technologies, Inc. (NYSE:UBER) Shares Sold by Kornitzer Capital Management Inc. KS

Kornitzer Capital Management Inc. KS reduced its position in Uber Technologies, Inc. (NYSE:UBER) by 6.5% in the 4th quarter, Holdings Channel reports. The firm owned 184,203 shares of the ride-sharing company’s stock after selling 12,740 shares during the quarter. Kornitzer Capital Management Inc. KS’s holdings in Uber Technologies were worth $11,341,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Onyx Bridge Wealth Group LLC raised its stake in Uber Technologies by 5.7% in the 4th quarter. Onyx Bridge Wealth Group LLC now owns 9,184 shares of the ride-sharing company’s stock valued at $565,000 after purchasing an additional 495 shares during the last quarter. Greenleaf Trust increased its stake in shares of Uber Technologies by 15.3% in the 4th quarter. Greenleaf Trust now owns 5,113 shares of the ride-sharing company’s stock worth $315,000 after acquiring an additional 679 shares during the last quarter. Institute for Wealth Management LLC. acquired a new stake in shares of Uber Technologies in the 4th quarter worth $439,000. Knights of Columbus Asset Advisors LLC increased its stake in shares of Uber Technologies by 32.6% in the 4th quarter. Knights of Columbus Asset Advisors LLC now owns 72,811 shares of the ride-sharing company’s stock worth $4,483,000 after acquiring an additional 17,904 shares during the last quarter. Finally, Western Wealth Management LLC increased its stake in shares of Uber Technologies by 41.6% in the 4th quarter. Western Wealth Management LLC now owns 19,387 shares of the ride-sharing company’s stock worth $1,194,000 after acquiring an additional 5,697 shares during the last quarter. 80.24% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have issued reports on UBER. Tigress Financial raised their target price on Uber Technologies from $72.00 to $96.00 and gave the stock a “buy” rating in a research note on Friday. Citigroup raised their target price on Uber Technologies from $83.00 to $91.00 and gave the stock a “buy” rating in a research note on Friday, February 16th. Susquehanna increased their price target on Uber Technologies from $60.00 to $85.00 and gave the stock a “positive” rating in a report on Thursday, February 8th. Royal Bank of Canada reiterated an “outperform” rating and set a $85.00 price target on shares of Uber Technologies in a report on Thursday, February 15th. Finally, UBS Group increased their price target on Uber Technologies from $94.00 to $96.00 and gave the stock a “buy” rating in a report on Thursday, February 15th. Two research analysts have rated the stock with a hold rating and twenty-nine have assigned a buy rating to the company’s stock. According to data from MarketBeat, Uber Technologies currently has a consensus rating of “Moderate Buy” and a consensus target price of $78.94.

Insider Transactions at Uber Technologies

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

Uber Technologies Stock Down 2.9 %

UBER stock traded down $2.10 during mid-day trading on Friday, reaching $69.20. The company had a trading volume of 23,185,965 shares, compared to its average volume of 14,281,957. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.19 and a current ratio of 1.19. The company has a market capitalization of $144.03 billion, a price-to-earnings ratio of 80.49, a price-to-earnings-growth ratio of 1.13 and a beta of 1.36. The firm has a fifty day simple moving average of $76.89 and a 200 day simple moving average of $63.50. Uber Technologies, Inc. has a fifty-two week low of $29.22 and a fifty-two week high of $82.14.

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

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.