Kornitzer Capital Management Inc. KS Has $12.89 Million Position in Uber Technologies, Inc. (NYSE:UBER)

Kornitzer Capital Management Inc. KS lowered its position in Uber Technologies, Inc. (NYSE:UBER) by 0.2% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 177,347 shares of the ride-sharing company’s stock after selling 426 shares during the quarter. Kornitzer Capital Management Inc. KS’s holdings in Uber Technologies were worth $12,890,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Financial Management Professionals Inc. raised its position in shares of Uber Technologies by 111.6% in the first quarter. Financial Management Professionals Inc. now owns 383 shares of the ride-sharing company’s stock valued at $29,000 after purchasing an additional 202 shares during the period. WR Wealth Planners LLC raised its position 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 valued at $29,000 after purchasing an additional 344 shares during the period. J.Safra Asset Management Corp bought a new position in shares of Uber Technologies in the first quarter valued at about $32,000. GW&K Investment Management LLC bought a new position in shares of Uber Technologies in the fourth quarter valued at about $33,000. Finally, Founders Capital Management bought a new position in shares of Uber Technologies in the second quarter valued at about $33,000. Institutional investors and hedge funds own 80.24% of the company’s stock.

Insider Buying and Selling

In related news, insider Tony West sold 28,000 shares of the business’s stock in a transaction dated Thursday, June 13th. The shares were sold at an average price of $70.67, for a total value of $1,978,760.00. Following the transaction, the insider now directly owns 96,945 shares of the company’s stock, valued at approximately $6,851,103.15. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other Uber Technologies news, CEO Dara Khosrowshahi sold 500,000 shares of the stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $71.91, for a total transaction of $35,955,000.00. Following the completion of the transaction, the chief executive officer now owns 1,266,114 shares in the company, valued at $91,046,257.74. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Tony West sold 28,000 shares of the stock in a transaction dated Thursday, June 13th. The stock was sold at an average price of $70.67, for a total transaction of $1,978,760.00. Following the transaction, the insider now owns 96,945 shares of the company’s stock, valued at approximately $6,851,103.15. The disclosure for this sale can be found here. 3.84% of the stock is owned by insiders.

Analysts Set New Price Targets

UBER has been the topic of a number of recent research reports. Evercore ISI raised their price target on shares of Uber Technologies from $80.00 to $90.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 7th. Citigroup raised their price target on shares of Uber Technologies from $96.00 to $98.00 and gave the stock a “buy” rating in a research report on Wednesday, August 7th. Bank of America reaffirmed a “buy” rating and set a $88.00 price target on shares of Uber Technologies in a research report on Friday, August 23rd. DA Davidson raised their price target on shares of Uber Technologies from $81.00 to $82.00 and gave the stock a “buy” rating in a research report on Wednesday, August 7th. Finally, Wells Fargo & Company raised their price target on shares of Uber Technologies from $91.00 to $97.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 7th. Four analysts have rated the stock with a hold rating and thirty-one have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $87.60.

Uber Technologies Stock Down 0.2 %

UBER traded down $0.12 during mid-day trading on Thursday, reaching $71.44. 3,373,659 shares of the stock were exchanged, compared to its average volume of 18,382,996. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.21 and a current ratio of 1.21. The stock has a market capitalization of $150.09 billion, a PE ratio of 116.65, a price-to-earnings-growth ratio of 1.31 and a beta of 1.33. The company has a 50 day moving average price of $69.56 and a two-hundred day moving average price of $71.32. Uber Technologies, Inc. has a 1 year low of $40.09 and a 1 year high of $82.14.

Uber Technologies (NYSE:UBER) last posted its quarterly earnings data on Tuesday, August 6th. The ride-sharing company reported $0.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.31 by $0.16. The firm had revenue of $10.70 billion for the quarter, compared to the consensus estimate of $10.57 billion. Uber Technologies had a net margin of 5.02% and a return on equity of 17.06%. The business’s revenue for the quarter was up 15.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.18 EPS. As a group, research analysts anticipate that Uber Technologies, Inc. will post 1.05 EPS for the current year.

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.