Tenzing Global Management LLC Has $2.26 Million Holdings in Uber Technologies, Inc. (NYSE:UBER)

Tenzing Global Management LLC lessened its holdings in Uber Technologies, Inc. (NYSE:UBER) by 47.8% during the third quarter, HoldingsChannel reports. The fund owned 30,000 shares of the ride-sharing company’s stock after selling 27,500 shares during the quarter. Uber Technologies accounts for about 1.6% of Tenzing Global Management LLC’s investment portfolio, making the stock its 14th biggest holding. Tenzing Global Management LLC’s holdings in Uber Technologies were worth $2,255,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. Ameriprise Financial Inc. increased its stake in Uber Technologies by 36.5% in the 2nd quarter. Ameriprise Financial Inc. now owns 11,893,429 shares of the ride-sharing company’s stock valued at $864,390,000 after buying an additional 3,179,308 shares during the last quarter. Edgewood Management LLC increased its stake in Uber Technologies by 10.5% in the 3rd quarter. Edgewood Management LLC now owns 27,552,060 shares of the ride-sharing company’s stock valued at $2,070,813,000 after buying an additional 2,627,768 shares during the last quarter. AMF Tjanstepension AB purchased a new stake in Uber Technologies in the 3rd quarter valued at about $163,468,000. Janus Henderson Group PLC increased its stake in Uber Technologies by 18.3% in the 3rd quarter. Janus Henderson Group PLC now owns 13,286,812 shares of the ride-sharing company’s stock valued at $998,767,000 after buying an additional 2,056,273 shares during the last quarter. Finally, Samlyn Capital LLC purchased a new stake in shares of Uber Technologies during the 2nd quarter worth approximately $134,987,000. Institutional investors and hedge funds own 80.24% of the company’s stock.

Insider Activity at Uber Technologies

In other Uber Technologies news, insider Jill Hazelbaker sold 27,780 shares of Uber Technologies stock in a transaction on Monday, November 25th. The shares were sold at an average price of $72.90, for a total transaction of $2,025,162.00. Following the completion of the transaction, the insider now directly owns 107,289 shares of the company’s stock, valued at $7,821,368.10. The trade was a 20.57 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 3.84% of the stock is currently owned by insiders.

Analyst Ratings Changes

UBER has been the subject of several research analyst reports. Oppenheimer raised their price target on shares of Uber Technologies from $90.00 to $95.00 and gave the stock an “outperform” rating in a research note on Friday, September 27th. Jefferies Financial Group raised their price objective on shares of Uber Technologies from $100.00 to $105.00 and gave the stock a “buy” rating in a report on Tuesday, October 22nd. KeyCorp cut their price objective on shares of Uber Technologies from $90.00 to $85.00 and set an “overweight” rating for the company in a report on Friday, November 1st. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $90.00 price objective on shares of Uber Technologies in a report on Monday, October 7th. Finally, DA Davidson raised their price target on shares of Uber Technologies from $82.00 to $84.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. Six equities research analysts have rated the stock with a hold rating, thirty-two have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $90.51.

Uber Technologies Trading Down 9.6 %

Uber Technologies stock opened at $65.25 on Friday. The stock has a market cap of $137.39 billion, a P/E ratio of 32.46, a PEG ratio of 0.89 and a beta of 1.33. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.41 and a quick ratio of 1.41. Uber Technologies, Inc. has a 1 year low of $54.84 and a 1 year high of $87.00. The firm’s 50 day moving average price is $74.86 and its 200-day moving average price is $71.37.

Uber Technologies (NYSE:UBER) last released its quarterly earnings data on Thursday, October 31st. The ride-sharing company reported $1.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.41 by $0.79. The firm had revenue of $11.19 billion for the quarter, compared to analysts’ expectations of $10.99 billion. Uber Technologies had a net margin of 10.49% and a return on equity of 33.46%. The company’s revenue for the quarter was up 20.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.10 earnings per share. On average, equities analysts predict that Uber Technologies, Inc. will post 1.89 earnings per share for the current fiscal 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.