Kornitzer Capital Management Inc. KS Sells 7,750 Shares of Uber Technologies, Inc. (NYSE:UBER)

Kornitzer Capital Management Inc. KS lessened its stake in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 4.3% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 174,327 shares of the ride-sharing company's stock after selling 7,750 shares during the quarter. Kornitzer Capital Management Inc. KS's holdings in Uber Technologies were worth $10,515,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in UBER. Avion Wealth lifted its position in shares of Uber Technologies by 96.0% in the 4th quarter. Avion Wealth now owns 445 shares of the ride-sharing company's stock worth $26,000 after purchasing an additional 218 shares during the period. GHP Investment Advisors Inc. grew its stake in shares of Uber Technologies by 85.1% in the fourth quarter. GHP Investment Advisors Inc. now owns 485 shares of the ride-sharing company's stock worth $29,000 after purchasing an additional 223 shares during the last quarter. Kieckhefer Group LLC purchased a new position in Uber Technologies during the 4th quarter valued at about $33,000. Retirement Wealth Solutions LLC bought a new stake in Uber Technologies in the 4th quarter worth about $35,000. Finally, Financial Management Professionals Inc. increased its stake in shares of Uber Technologies by 104.1% in the 3rd quarter. Financial Management Professionals Inc. now owns 494 shares of the ride-sharing company's stock worth $37,000 after purchasing an additional 252 shares in the last quarter. 80.24% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, insider Jill Hazelbaker sold 31,000 shares of Uber Technologies stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $81.02, for a total value of $2,511,620.00. Following the transaction, the insider now directly owns 86,973 shares in the company, valued at $7,046,552.46. The trade was a 26.28 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 3.84% of the company's stock.

Uber Technologies Trading Down 2.9 %

Shares of UBER traded down $2.38 during mid-day trading on Friday, reaching $78.89. The company had a trading volume of 21,758,503 shares, compared to its average volume of 28,847,662. The company has a current ratio of 1.07, a quick ratio of 1.41 and a debt-to-equity ratio of 0.37. Uber Technologies, Inc. has a fifty-two week low of $54.84 and a fifty-two week high of $87.00. The stock has a market cap of $164.79 billion, a price-to-earnings ratio of 17.30, a price-to-earnings-growth ratio of 0.89 and a beta of 1.39. The firm has a fifty day simple moving average of $67.67 and a 200-day simple moving average of $71.11.

Uber Technologies (NYSE:UBER - Get Free Report) last posted its earnings results on Wednesday, February 5th. The ride-sharing company reported $3.21 EPS for the quarter, topping analysts' consensus estimates of $0.50 by $2.71. Uber Technologies had a net margin of 22.41% and a return on equity of 62.60%. On average, sell-side analysts anticipate that Uber Technologies, Inc. will post 2.54 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on UBER shares. Arete Research upgraded Uber Technologies to a "hold" rating in a report on Tuesday. Evercore ISI lowered their price objective on Uber Technologies from $120.00 to $115.00 and set an "outperform" rating for the company in a research report on Thursday, February 6th. DA Davidson reduced their price target on shares of Uber Technologies from $84.00 to $80.00 and set a "buy" rating for the company in a research report on Thursday, February 6th. Tigress Financial raised their price target on shares of Uber Technologies from $96.00 to $103.00 and gave the company a "buy" rating in a research report on Monday, November 25th. Finally, Needham & Company LLC reiterated a "buy" rating and issued a $90.00 price objective on shares of Uber Technologies in a report on Wednesday, February 5th. Eight research analysts have rated the stock with a hold rating, twenty-eight have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $90.91.

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.