Tenzing Global Management LLC Has $3.32 Million Stake in Uber Technologies, Inc. (NYSE:UBER)

Tenzing Global Management LLC raised its holdings in Uber Technologies, Inc. (NYSE:UBER) by 83.3% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 55,000 shares of the ride-sharing company’s stock after purchasing an additional 25,000 shares during the period. Uber Technologies makes up about 2.5% of Tenzing Global Management LLC’s portfolio, making the stock its 16th largest holding. Tenzing Global Management LLC’s holdings in Uber Technologies were worth $3,318,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Avion Wealth increased its stake in Uber Technologies by 96.0% during the 4th quarter. Avion Wealth now owns 445 shares of the ride-sharing company’s stock worth $26,000 after acquiring an additional 218 shares during the period. Transce3nd LLC bought a new stake in shares of Uber Technologies during the 4th quarter valued at $27,000. Runnymede Capital Advisors Inc. acquired a new stake in shares of Uber Technologies during the 4th quarter worth $28,000. GHP Investment Advisors Inc. increased its position 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 period. Finally, Legacy Investment Solutions LLC increased its position in shares of Uber Technologies by 3,038.9% in the fourth quarter. Legacy Investment Solutions LLC now owns 565 shares of the ride-sharing company’s stock worth $34,000 after purchasing an additional 547 shares during the period. Institutional investors and hedge funds own 80.24% of the company’s stock.

Insider Activity

In related news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the business’s stock in a transaction on Thursday, March 20th. The shares were sold at an average price of $75.00, for a total value of $206,250.00. Following the transaction, the chief financial officer now owns 22,162 shares in the company, valued at $1,662,150. The trade was a 11.04% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Jill Hazelbaker sold 31,000 shares of the company’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $81.02, for a total transaction of $2,511,620.00. Following the sale, the insider now directly owns 86,973 shares in the company, valued at $7,046,552.46. This trade represents a 26.28% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 114,788 shares of company stock valued at $9,028,690. Company insiders own 3.84% of the company’s stock.

Uber Technologies Price Performance

Shares of NYSE:UBER opened at $91.80 on Friday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.41 and a current ratio of 1.07. Uber Technologies, Inc. has a 52 week low of $54.84 and a 52 week high of $92.90. The firm has a market cap of $191.96 billion, a PE ratio of 20.13, a price-to-earnings-growth ratio of 0.89 and a beta of 1.43. The firm’s fifty day moving average is $76.33 and its 200-day moving average is $71.94.

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

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. Needham & Company LLC reaffirmed a “buy” rating and set a $90.00 price objective on shares of Uber Technologies in a research report on Wednesday, May 7th. Citigroup boosted their target price on shares of Uber Technologies from $92.00 to $102.00 and gave the company a “buy” rating in a research report on Thursday, May 8th. Truist Financial increased their price target on shares of Uber Technologies from $90.00 to $92.00 and gave the stock a “buy” rating in a research report on Thursday, March 6th. JPMorgan Chase & Co. lifted their price objective on shares of Uber Technologies from $80.00 to $92.00 and gave the company an “overweight” rating in a research note on Thursday, May 8th. Finally, Benchmark restated a “hold” rating on shares of Uber Technologies in a research report on Friday, January 31st. Eleven investment analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Uber Technologies presently has a consensus rating of “Moderate Buy” and an average price target of $92.69.

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.