Tenzing Global Management LLC Buys 25,000 Shares of Uber Technologies, Inc. (NYSE:UBER)

Tenzing Global Management LLC lifted its stake in shares of Uber Technologies, Inc. (NYSE:UBER) by 83.3% during the fourth quarter, Holdings Channel reports. The fund owned 55,000 shares of the ride-sharing company’s stock after buying an additional 25,000 shares during the quarter. Uber Technologies comprises 2.5% of Tenzing Global Management LLC’s investment portfolio, making the stock its 16th largest position. Tenzing Global Management LLC’s holdings in Uber Technologies were worth $3,318,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Vanguard Group Inc. increased its holdings in shares of Uber Technologies by 1.3% during the fourth quarter. Vanguard Group Inc. now owns 180,766,683 shares of the ride-sharing company’s stock valued at $10,903,846,000 after acquiring an additional 2,364,525 shares in the last quarter. Capital Research Global Investors grew its position in Uber Technologies by 79.0% in the 4th quarter. Capital Research Global Investors now owns 118,131,681 shares of the ride-sharing company’s stock valued at $7,125,728,000 after purchasing an additional 52,125,476 shares during the period. Geode Capital Management LLC grew its position in Uber Technologies by 2.5% in the 4th quarter. Geode Capital Management LLC now owns 43,561,447 shares of the ride-sharing company’s stock valued at $2,621,929,000 after purchasing an additional 1,061,088 shares during the period. Capital World Investors increased its stake in Uber Technologies by 10.1% during the 4th quarter. Capital World Investors now owns 30,355,075 shares of the ride-sharing company’s stock valued at $1,831,021,000 after purchasing an additional 2,792,039 shares in the last quarter. Finally, Jennison Associates LLC raised its holdings in Uber Technologies by 36.9% during the fourth quarter. Jennison Associates LLC now owns 26,460,312 shares of the ride-sharing company’s stock worth $1,596,086,000 after buying an additional 7,137,512 shares during the last quarter. 80.24% of the stock is owned by institutional investors.

Insider Transactions at Uber Technologies

In related news, insider Jill Hazelbaker sold 34,884 shares of the business’s stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $86.03, for a total value of $3,001,070.52. Following the sale, the insider now directly owns 102,135 shares in the company, valued at approximately $8,786,674.05. The trade was a 25.46% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the stock in a transaction dated Thursday, March 20th. The stock was sold at an average price of $75.00, for a total transaction of $206,250.00. Following the transaction, the chief financial officer now owns 22,162 shares of the company’s stock, valued at $1,662,150. This represents a 11.04% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 114,788 shares of company stock worth $9,028,690. 3.84% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of brokerages have recently issued reports on UBER. Raymond James lifted their price objective on shares of Uber Technologies from $95.00 to $100.00 and gave the company a “strong-buy” rating in a report on Thursday, May 8th. Needham & Company LLC reaffirmed a “buy” rating and issued a $90.00 price target on shares of Uber Technologies in a research report on Wednesday, May 7th. Truist Financial lifted their price target on Uber Technologies from $90.00 to $92.00 and gave the company a “buy” rating in a research note on Thursday, March 6th. UBS Group increased their price objective on Uber Technologies from $103.00 to $107.00 and gave the stock a “buy” rating in a research note on Thursday, May 8th. Finally, Citigroup raised their target price on Uber Technologies from $92.00 to $102.00 and gave the company a “buy” rating in a report on Thursday, May 8th. Eleven equities research analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $92.69.

Uber Technologies Trading Up 1.8%

Shares of UBER stock opened at $91.80 on Friday. The company has a quick ratio of 1.41, a current ratio of 1.07 and a debt-to-equity ratio of 0.37. The firm has a market cap of $191.96 billion, a P/E ratio of 20.13, a PEG ratio of 0.89 and a beta of 1.43. The company has a 50 day moving average of $76.33 and a 200-day moving average of $71.94. Uber Technologies, Inc. has a 12-month low of $54.84 and a 12-month high of $92.90.

Uber Technologies (NYSE:UBER) last announced its quarterly earnings data on Wednesday, May 7th. The ride-sharing company reported $0.83 earnings per share for the quarter, beating the consensus estimate of $0.50 by $0.33. The business had revenue of $11.53 billion during the quarter, compared to analyst estimates of $11.61 billion. Uber Technologies had a return on equity of 62.60% and a net margin of 22.41%. Uber Technologies’s revenue was up 13.8% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.32) earnings per share. Sell-side analysts anticipate that Uber Technologies, Inc. will post 2.54 earnings per share for the current year.

Uber Technologies Company 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.