Kornitzer Capital Management Inc. KS Raises Position in Uber Technologies, Inc. (NYSE:UBER)

Kornitzer Capital Management Inc. KS boosted its position in Uber Technologies, Inc. (NYSE:UBER) by 2.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 182,077 shares of the ride-sharing company’s stock after purchasing an additional 4,730 shares during the period. Kornitzer Capital Management Inc. KS’s holdings in Uber Technologies were worth $13,685,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. GHP Investment Advisors Inc. increased its holdings in Uber Technologies by 222.7% in the 2nd quarter. GHP Investment Advisors Inc. now owns 355 shares of the ride-sharing company’s stock worth $26,000 after acquiring an additional 245 shares during the last quarter. WR Wealth Planners LLC increased its stake in shares of Uber Technologies by 563.9% in the second quarter. WR Wealth Planners LLC now owns 405 shares of the ride-sharing company’s stock worth $29,000 after purchasing an additional 344 shares in the last quarter. J.Safra Asset Management Corp bought a new stake in shares of Uber Technologies in the first quarter valued at approximately $32,000. MCF Advisors LLC lifted its stake in shares of Uber Technologies by 1,038.5% during the 2nd quarter. MCF Advisors LLC now owns 444 shares of the ride-sharing company’s stock valued at $32,000 after buying an additional 405 shares in the last quarter. Finally, Founders Capital Management bought a new position in Uber Technologies in the 2nd quarter worth approximately $33,000. 80.24% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, insider Jill Hazelbaker sold 40,000 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $72.00, for a total transaction of $2,880,000.00. Following the completion of the transaction, the insider now owns 127,352 shares of the company’s stock, valued at $9,169,344. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 3.84% of the stock is currently owned by insiders.

Uber Technologies Stock Down 0.6 %

Shares of UBER traded down $0.46 on Thursday, reaching $73.90. The stock had a trading volume of 2,765,691 shares, compared to its average volume of 18,035,166. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.41 and a current ratio of 1.41. Uber Technologies, Inc. has a 12-month low of $48.90 and a 12-month high of $87.00. The firm has a market capitalization of $155.61 billion, a price-to-earnings ratio of 36.98, a price-to-earnings-growth ratio of 1.16 and a beta of 1.34. The company has a 50-day simple moving average of $75.45 and a 200-day simple moving average of $70.92.

Uber Technologies (NYSE:UBER) last announced its quarterly earnings data on Thursday, October 31st. The ride-sharing company reported $1.20 EPS for the quarter, beating the consensus estimate of $0.41 by $0.79. The business had revenue of $11.19 billion during the quarter, compared to analyst estimates of $10.99 billion. Uber Technologies had a return on equity of 33.46% and a net margin of 10.49%. The company’s revenue for the quarter was up 20.4% on a year-over-year basis. During the same quarter last year, the firm posted $0.10 earnings per share. Sell-side analysts predict that Uber Technologies, Inc. will post 1.15 EPS for the current year.

Analysts Set New Price Targets

UBER has been the subject of several analyst reports. DA Davidson raised their target price on Uber Technologies from $82.00 to $84.00 and gave the stock a “buy” rating in a research note on Wednesday. Raymond James started coverage on shares of Uber Technologies in a research note on Tuesday, September 24th. They set a “strong-buy” rating and a $90.00 price objective for the company. Melius initiated coverage on Uber Technologies in a research report on Monday, July 22nd. They set a “hold” rating and a $77.00 price target for the company. BMO Capital Markets reissued an “outperform” rating and issued a $92.00 price target on shares of Uber Technologies in a report on Friday, October 11th. Finally, Morgan Stanley upped their target price on shares of Uber Technologies from $90.00 to $95.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 23rd. Six research analysts have rated the stock with a hold rating, thirty-two have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $90.32.

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.