Uber Technologies, Inc. (NYSE:UBER) Position Decreased by Kornitzer Capital Management Inc. KS

Kornitzer Capital Management Inc. KS reduced its stake in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 6.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor 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 quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. OFI Invest Asset Management purchased a new position in Uber Technologies during the 3rd quarter worth $26,000. Ritter Daniher Financial Advisory LLC DE boosted its holdings in shares of Uber Technologies by 2,545.5% in the third quarter. Ritter Daniher Financial Advisory LLC DE now owns 582 shares of the ride-sharing company's stock valued at $27,000 after acquiring an additional 560 shares in the last quarter. JFS Wealth Advisors LLC boosted its holdings in shares of Uber Technologies by 319.4% in the third quarter. JFS Wealth Advisors LLC now owns 650 shares of the ride-sharing company's stock valued at $30,000 after acquiring an additional 495 shares in the last quarter. CVA Family Office LLC purchased a new stake in shares of Uber Technologies in the fourth quarter valued at about $30,000. Finally, Highlander Capital Management LLC boosted its holdings in shares of Uber Technologies by 100.0% in the fourth quarter. Highlander Capital Management LLC now owns 500 shares of the ride-sharing company's stock valued at $31,000 after acquiring an additional 250 shares in the last quarter. 80.24% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. Moffett Nathanson reaffirmed a "buy" rating and issued a $92.00 target price on shares of Uber Technologies in a report on Thursday, April 11th. Barclays lifted their target price on shares of Uber Technologies from $63.00 to $86.00 and gave the company an "overweight" rating in a report on Thursday, February 8th. JMP Securities reaffirmed a "market outperform" rating and issued a $85.00 target price on shares of Uber Technologies in a report on Thursday, March 28th. BTIG Research raised their price objective on shares of Uber Technologies from $80.00 to $90.00 and gave the company a "buy" rating in a research note on Thursday, February 22nd. Finally, KeyCorp raised their price objective on shares of Uber Technologies from $79.00 to $90.00 and gave the company an "overweight" rating in a research note 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 stock. Based on data from MarketBeat.com, Uber Technologies currently has an average rating of "Moderate Buy" and an average price target of $78.94.

Uber Technologies Trading Down 2.9 %

Shares of NYSE:UBER traded down $2.10 during trading on Friday, reaching $69.20. The stock had a trading volume of 23,185,965 shares, compared to its average volume of 14,281,957. Uber Technologies, Inc. has a fifty-two week low of $29.22 and a fifty-two week high of $82.14. The business has a fifty day moving average price of $76.89 and a 200-day moving average price of $63.64. The stock has a market cap of $144.03 billion, a P/E ratio of 80.47, a PEG ratio of 1.13 and a beta of 1.36. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.79.

Uber Technologies (NYSE:UBER - Get Free Report) last released its 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. Uber Technologies had a net margin of 5.06% and a return on equity of 18.95%. The firm had revenue of $9.94 billion during the quarter, compared to the consensus estimate of $9.76 billion. During the same period in the previous year, the firm earned $0.29 earnings per share. Uber Technologies's revenue was up 15.4% compared to the same quarter last year. As a group, analysts anticipate that Uber Technologies, Inc. will post 1.22 earnings per share for the current fiscal year.

Insider Activity at Uber Technologies

In related news, insider Jill Hazelbaker sold 20,000 shares of the business's stock in a transaction that occurred on 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 directly owns 107,290 shares in the company, valued at $8,350,380.70. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Uber Technologies news, insider Tony West sold 18,750 shares of the business's stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $70.08, for a total transaction 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 legal filing with the SEC, which is available through this link. Also, insider Jill Hazelbaker sold 20,000 shares of the business's stock in a transaction that occurred 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 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. 3.84% of the stock is owned by insiders.

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.