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

Tenzing Global Management LLC raised its position in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 83.3% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 55,000 shares of the ride-sharing company's stock after acquiring an additional 25,000 shares during the period. Uber Technologies comprises approximately 2.5% of Tenzing Global Management LLC's holdings, making the stock its 16th largest holding. Tenzing Global Management LLC's holdings in Uber Technologies were worth $3,318,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Vanguard Group Inc. grew its stake in shares of Uber Technologies by 1.3% in the 4th quarter. Vanguard Group Inc. now owns 180,766,683 shares of the ride-sharing company's stock valued at $10,903,846,000 after purchasing an additional 2,364,525 shares during the period. Capital Research Global Investors grew its stake in shares of Uber Technologies by 79.0% during the fourth 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 last quarter. Geode Capital Management LLC lifted its stake in shares of Uber Technologies by 2.5% during the fourth 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 acquiring an additional 1,061,088 shares during the period. Capital World Investors lifted its position 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 during the period. Finally, Jennison Associates LLC grew its holdings in Uber Technologies by 36.9% during the 4th quarter. Jennison Associates LLC now owns 26,460,312 shares of the ride-sharing company's stock worth $1,596,086,000 after acquiring an additional 7,137,512 shares during the period. Institutional investors own 80.24% of the company's stock.

Uber Technologies Trading Up 0.0%

Shares of Uber Technologies stock traded up $0.03 on Thursday, hitting $88.70. The stock had a trading volume of 8,768,556 shares, compared to its average volume of 20,388,659. The stock has a 50 day moving average of $77.54 and a 200 day moving average of $72.32. The firm has a market capitalization of $185.48 billion, a P/E ratio of 19.40, a PEG ratio of 0.89 and a beta of 1.43. Uber Technologies, Inc. has a twelve month low of $54.84 and a twelve month high of $93.60. 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 (NYSE:UBER - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The ride-sharing company reported $0.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $0.33. The firm had revenue of $11.53 billion during the quarter, compared to analysts' expectations of $11.61 billion. Uber Technologies had a net margin of 22.41% and a return on equity of 62.60%. The company's revenue was up 13.8% on a year-over-year basis. During the same period in the prior year, the company posted ($0.32) EPS. Sell-side analysts expect that Uber Technologies, Inc. will post 2.54 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. The Goldman Sachs Group upped their target price on shares of Uber Technologies from $96.00 to $110.00 and gave the company a "buy" rating in a research note on Thursday, May 8th. Evercore ISI decreased their target price on shares of Uber Technologies from $120.00 to $115.00 and set an "outperform" rating for the company in a research report on Thursday, February 6th. JPMorgan Chase & Co. upped their price objective on Uber Technologies from $92.00 to $105.00 and gave the stock an "overweight" rating in a research note on Tuesday. Citigroup lifted their price target on Uber Technologies from $92.00 to $102.00 and gave the stock a "buy" rating in a report on Thursday, May 8th. Finally, Cantor Fitzgerald reissued an "overweight" rating and issued a $80.00 price objective on shares of Uber Technologies in a research report on Wednesday, April 16th. Eleven investment 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. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $93.69.

Insider Buying and Selling

In other news, SVP Nikki Krishnamurthy sold 20,000 shares of the firm's stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $71.57, for a total transaction of $1,431,400.00. Following the completion of the sale, the senior vice president now owns 361,908 shares of the company's stock, valued at $25,901,755.56. This trade represents a 5.24% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Tony West sold 23,404 shares of Uber Technologies stock in a transaction on Thursday, March 13th. The shares were sold at an average price of $70.27, for a total transaction of $1,644,599.08. Following the completion of the sale, the insider now owns 114,241 shares of the company's stock, valued at $8,027,715.07. This represents a 17.00% decrease in their position. The disclosure for this sale can be found here. Insiders sold 83,788 shares of company stock valued at $6,517,070 over the last quarter. Insiders own 3.84% of the company's stock.

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.